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1Z0-982 | Oracle Enterprise Planning and Budgeting Cloud Service 2017 Implementation

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1Z0-982 - Oracle Enterprise Planning and Budgeting Cloud Service 2017 Implementation - braindump

Vendor Oracle
Exam Number 1Z0-982
Exam Name Oracle Enterprise Planning and Budgeting Cloud Service 2017 Implementation
Questions 80 Q & A
Recent Update February 15, 2019
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1Z0-982 exam Dumps Source : Oracle Enterprise Planning and Budgeting Cloud Service 2017 Implementation

Test Code : 1Z0-982
Test Name : Oracle Enterprise Planning and Budgeting Cloud Service 2017 Implementation
Vendor Name : Oracle
Q&A : 80 Real Questions

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Oracle Oracle Enterprise Planning and

Oracle Broadens the Market-leading commercial enterprise resource Planning Cloud to consist of elevated Geographies, extra Industries and Smarter Insights | killexams.com Real Questions and Pass4sure dumps

SAN FRANCISCO, Oct. 2, 2017 /PRNewswire/ -- Oracle OpenWorld — Oracle today announced that Oracle commercial enterprise aid Planning (ERP) Cloud, the cloud answer of option for finance, procurement and assignment management experts, has drastically prolonged the breadth and depth of the answer together with the introduction of new artificial intelligence (AI)-primarily based finance and procurement options.

Oracle Logo

With greater than 4,500 purchasers in eighty five nations, Oracle ERP Cloud is the finished, resourceful and cozy fiscal platform delivered seamlessly in the course of the Oracle Cloud. a part of Oracle Cloud functions unlock 13, the newest additions to Oracle ERP Cloud include contemporary capabilities for Financials, Procurement, challenge Portfolio management (PPM) and enterprise efficiency management (EPM), which permit companies to optimize operations with adaptive intelligence and standardize company techniques, whereas reducing can charge and complexity.

artificial IntelligenceOracle has elevated its portfolio of synthetic intelligence-based ERP functions, which enables finance and procurement specialists to improve how they manage and collaborate with suppliers. New AI-powered capabilities optimize price terms offered to suppliers and increase money administration. They additionally support to identify the right suppliers for selected business wants. New Adaptive intelligent Apps for ERP, embedded inside the Oracle ERP Cloud, carry instant have an effect on and cost for company professionals and improve business relationships with suppliers. For extra particulars, see the Adaptive intelligent applications growth announcement.

Financials this is a family unit of purposes designed for companies of all sizes looking to thrive within the digital economy. It empowers up to date finance experts with streamlined strategies and continual embedded insights for better control and expanded productiveness. New capabilities in each and every of the solutions include: 

  • Accounting Hub: This solution now presents a highly scalable, digital sub-ledger for prime-extent, external transaction programs. It allows for for constant, standardized monetary and management accounting policies across disparate programs, enforced compliance and audits, and further administration reporting attributes to force insights and drilldown. It effortlessly connects business-particular transaction systems and third-birthday party ERP programs to a main ERP system.
  • profits administration: This answer now hurries up the transition to the brand new accounting necessities (IFRS16/ASC 842). It permits groups to ebook income as performance tasks are satisfied and manipulate complex delight schedules independent of billing schedules to assist ensure liabilities and assets are valued at expected consideration.
  • bill management: This answer now reduces the charge of billing and collections, whereas improving customer service. It can provide self-service, consumer-led bill management via an intuitive, cell-enabled person experience. Managing expenses with Oracle contains actual-time account evaluation, dispute processing, and on-line funds, all immediately mirrored on the customer account.
  • credit management: This solution now screens and evaluates the credit worthiness of customers and makes counseled credit score decisions. It permits for more advantageous cash stream and extended billing efficiency by means of complete credit score profiles and guidelines, a streamlined credit score evaluate technique, and flexible scoring fashions, which consist of third-birthday celebration credit counsel integration.
  • Dynamic Discounting: This answer now uses actual-time internal and exterior organisation facts to evaluate suppliers and advocate the top of the line dynamic bargain candidates the usage of computing device discovering. The equipment is completely integrated with cash circulation modeling and advises to whom and when to offer dynamic coupon codes for the most excellent return.
  • ProcurementThis household of functions is designed to in the reduction of costs and hazards throughout the supply-to-settle process. New enhancements encompass better organization administration, sourcing and buying via streamlined procedures, digital signature integration and imaginative sourcing programs.

  • Self-service procurement: The consumer experience of this solution has been fully redesigned to fit modern buyer browsing experiences.
  • mobile Self service Procurement: This cloud solution now provides coverage compliant spending through an more and more mobile team of workers to enhance a company's effectivity and mark downs.
  • venture Portfolio ManagementThis family of purposes delivers new and improved capabilities to make staffing less complicated and fewer time-consuming for venture managers, advanced offers administration throughout diverse fund sources for better training and Public Sector verticals, and streamlined venture creation.

  • project and aid administration: This solution has been enhanced with a new intuitive mobile task administration. It includes lifecycle gates and approvals and resource administration optimizations to keep distinct aid schedules and mass useful resource assignments. These enhancements force task management effectivity and collaboration no matter if at a desk or in the box.
  • provides Multi-Funding: This answer now helps complex, multi-funded projects, enabling for multiple awards/funding sources, control over task prices by way of funding supply, and support for inner or external funding sources.
  • business performance administration  The newest additions to this family unit of functions include new choices for tax reporting, and profitability and cost administration, in addition to new strategic modeling and disclosure administration capabilities.

  • Tax Reporting: This solution now streamlines tax data assortment and evaluation for direct tax reporting. It additionally allows global organizations to manipulate advanced tax provisions, as smartly because the OECD's new nation-by using-nation reporting (CbCR) requirements via automation.
  • Profitability and cost management: This answer now permits business clients to take ownership of allocation-primarily based company processes corresponding to consumer/product profitability, administration allocations, and shared functions costing.
  • "Oracle ERP Cloud is the most effective commercial enterprise-grade solution on the market with the breadth, depth, safety, scalability and reducing-edge innovations to satisfy consumers' business needs," pointed out Rondy Ng, senior vice president, Oracle applications development. "Our center of attention on innovation, investments in trade selected capabilities, and energy in bendy and modular adoption methods, helps our customers throughout size, business and geography to grow, transform and compete."

    extra InformationFor additional information on Oracle ERP Cloud functions, consult with Oracle enterprise aid Planning (ERP) Cloud's fb and Twitter and Oracle enterprise performance administration (EPM) Cloud's fb and Twitter or the up to date Finance chief weblog.

    read Gartner's 2017 "Magic Quadrant for Cloud Core fiscal administration Suites for Midsize, tremendous and global enterprises" research file.

    About Oracle OpenWorldOracle OpenWorld, the trade's most important company and technology conference for the past two decades, hosts tens of lots of in-grownup attendees as well as thousands and thousands online. committed to assisting businesses leverage Cloud for their innovation and increase, the convention supplies deep insight into industry tendencies and breakthroughs pushed by using technology. Designed for attendees who wish to join, study, discover and be impressed, Oracle OpenWorld presents more than 2,500 educational sessions led by greater than 2,000 purchasers and companions sharing their experiences, first hand. With a whole bunch of demos and hands-on labs, plus exhibitions from more than 400 companions and valued clientele from worldwide, Oracle OpenWorld has become a exhibit for leading cloud technologies, from Cloud applications to Cloud Platform and Infrastructure. For more suggestions; to register; or to observe Oracle OpenWorld keynotes, sessions, and extra, talk over with www.oracle.com/openworld. join the Oracle OpenWorld discussion on Twitter.

    About OracleThe Oracle Cloud offers finished SaaS software suites for ERP, HCM and CX, plus greatest-in-classification database Platform as a service (PaaS) and Infrastructure as a provider (IaaS) from statistics facilities throughout the Americas, Europe and Asia. For greater information about Oracle (NYSE:ORCL), please visit us at oracle.com.

    TrademarksOracle and Java are registered trademarks of Oracle and/or its associates. other names may be trademarks of their respective house owners.

    protected Harbor DisclaimerThe previous is meant to outline our prevalent product path. it's intended for counsel functions simplest, and might now not be incorporated into any contract. It is not a dedication to bring any material, code, or functionality, and should no longer be relied upon in making purchasing selections. The construction, liberate, and timing of any points or performance described for Oracle's products remains at the sole discretion of Oracle organisation.

    Statements in this article concerning Oracle's future plans, expectations, beliefs, and intentions are "ahead-looking statements" and are subject to material hazards and uncertainties. Such statements are in keeping with Oracle's latest expectations and assumptions, some of that are beyond Oracle's manage. All advice listed here is present as of October 2, 2017 and Oracle undertakes no obligation to replace any remark in easy of latest information or future movements.

    View long-established content material with multimedia:https://www.prnewswire.com/news-releases/oracle-broadens-the-market-leading-enterprise-resource-planning-cloud-to-encompass-expanded-geographies-greater-industries-and-smarter-insights-300528949.html

    source Oracle


    Oracle of Omaha Abandons Oracle’s inventory After just 1 Quarter | killexams.com Real Questions and Pass4sure dumps

    Warren Buffett's Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) invested about $2.1 billion in Oracle (NYSE:ORCL) in late 2018. That was a bullish vote of self belief for the enterprise software enterprise, since Buffett had only invested in a handful of tech stocks after shunning them for most of his profession.

    besides the fact that children, a contemporary SEC submitting printed that Berkshire bought its total position in Oracle after a single quarter. That was a magnificent movement for Buffett, a champion of long-term investing who famously claimed that his favorite keeping period become "continually". So why did the Oracle of Omaha suddenly dump Oracle?

    A stock chart.

    photograph source: Getty photographs.

    knowing Oracle's business

    Oracle, like many different mature business utility organizations, is struggling to develop its revenue in a saturated market. Analysts are expecting its salary to fall 1% this fiscal year (which ends on may also 31), compared to 6% increase ultimate yr.

    Oracle is pivoting faraway from its sluggish-increase, on-premises organizations, like database hardware and utility, towards better-increase cloud features. Oracle prior to now disclosed its cloud-based SaaS (utility as a provider), IaaS (infrastructure as a service), and PaaS (platform as a service) revenues one by one, and buyers frequently measured Oracle's turnaround via the energy of these corporations.

    however, the growth of that cloud revenue decelerated significantly right through fiscal 2018. within the fourth quarter of 2018, Oracle stopped reporting the boom of its SaaS, IaaS, and PaaS revenues one at a time.

    as a substitute, it mixed those units with its legacy organizations into two new (and arguably opaque) reporting segments: "Cloud features & License support" income and "Cloud License & On-Premise License" income. although, the performance of these two new segments during the last three quarters indicated that Oracle's cloud boom turned into nevertheless decelerating:

    Metric

    q4 2018

    Q1 2019

    Q2 2019

    Cloud features and License assist

    $6.eight billion

    $6.6 billion

    $6.6 billion

    YOY growth

    eight%

    three%

    3%

    Cloud License and On-Premise License

    $2.5 billion

    $867 million

    $1.2 billion

    YOY boom

    (5%)

    (3%)

    (9%)

    source: Oracle quarterly experiences, on a said (no longer consistent foreign money) basis.

    Oracle suggested flat year-over-yr salary growth closing quarter. This indicates that Oracle is struggling to compete towards bigger fish in the cloud features market like Amazon (NASDAQ:AMZN) net services (AWS) and Microsoft's (NASDAQ:MSFT) Azure.

    Amazon's AWS revenue rose 45% to $7.four billion closing quarter, and it retained its title as the largest IaaS/PaaS platform on the earth. Microsoft's industrial cloud earnings -- which contains Azure, workplace 365, Dynamics, and other SaaS items -- climbed forty eight% to $9 billion remaining quarter. within that complete, its Azure revenue surged 76%.

    business consumers are certainly flocking to either AWS or Azure, which leaves little or no room for cloud underdogs like Oracle and IBM (NYSE:IBM). Berkshire additionally bought its entire stake in IBM remaining year amid issues about its cloud competitors.

    A network of cloud computing connections.

    photograph source: Getty photos.

    An dependancy to buybacks

    I believe Oracle is on the verge of creating the same mistakes as IBM. Buffett turned into at first drawn to IBM in 2011 after huge Blue pledged to double its EPS inside 5 years -- but to attain that aim (which it in the end failed to do), IBM dramatically reduce fees, offered company gadgets, did not put money into new technologies, and aggressively repurchased its stock. due to this fact, IBM's income boom flatlined and it fell behind Amazon and Microsoft in the cloud market.

    closing quarter, Oracle spent $10 billion on buybacks. it's why its non-GAAP EPS surged sixteen% as its web earnings handiest rose 3%. In different phrases, Oracle "bought" an salary beat, and analysts expect these buybacks to increase its non-GAAP EPS by using 9% this yr. Oracle lately approved a different $12 billion in buybacks.

    buying lower back stock is barely a sensible flow if an organization can't locate significant tips on how to reinvest its money into its enterprise. it could be wiser for Oracle, which is sitting on $forty nine billion money and marketable securities, to purchase greater cloud provider organizations to enhance its revenue increase and aggressively challenge Amazon and Microsoft.

    Oracle purchased seven groups in 2018, but the greatest acquisition, Grapeshot, best cost about $four hundred million. Oracle's working expenses also rose under 1% annually closing quarter, which implies a scarcity of urgency concerning the boom of its cloud organizations.

    Berkshire does not need to own an extra IBM

    Oracle's stock appears cheap at 14 instances ahead earnings, however Berkshire Hathaway likely would not need to personal yet another stagnant tech stock like IBM. Oracle is arguably in greater form these days than IBM in 2011, however Berkshire seemingly observed too many similarities to stick with what is likely to be a long-term loser.

    John Mackey, CEO of whole meals Market, an Amazon subsidiary, is a member of The Motley fool's board of directors. Teresa Kersten, an worker of LinkedIn, a Microsoft subsidiary, is a member of The Motley idiot's board of administrators. Leo solar owns shares of Amazon. The Motley idiot owns shares of and recommends Amazon and Berkshire Hathaway (B shares). The Motley fool owns shares of Microsoft and Oracle. The Motley fool is brief shares of IBM and has the following options: lengthy January 2020 $30 calls on Oracle. The Motley fool has a disclosure coverage.


    Cloud-based enterprise useful resource Planning market evaluation & outlook 2019-2027 simply published | killexams.com Real Questions and Pass4sure dumps

    The Cloud-based commercial enterprise resource planning (ERP) Market growth is essentially pushed by using the increasing need for transparency and operational efficiency throughout enterprise capabilities. additional, the demand is also propelled by burgeoning demand for ERP options from SMEs. Key businesses during this trade encompass SAP SE, Microsoft service provider, Oracle corporation, Epicor software organisation.

    worldwide Cloud-primarily based business useful resource planning (ERP) Market evaluation to 2027 is a really expert and in-depth study of the Cloud-based mostly enterprise aid planning (ERP) industry with a spotlight on the international market style. The document aims to give an outline of international Cloud-primarily based enterprise useful resource planning (ERP) Market with specified market segmentation by way of product/utility and geography.

    The international Cloud-primarily based business resource planning (ERP) Market is anticipated to witness excessive boom all over the forecast period. The record provides key records on the market popularity of the Cloud-primarily based commercial enterprise aid planning (ERP) avid gamers and offers key developments and alternatives available in the market.

    however, the high operational can charge of ERP may also hinder the cloud-primarily based business aid planning (ERP) market increase. also, implementation of way of life ERP is a time-consuming manner, requires excessive upfront can charge, and numerous hardware, application, in addition to technical expertise.

    Whereas cloud-primarily based ERP requires a lower upfront charge and presents a excessive return on ROI as a consequence, it is a preferred answer over a standard ERP system.

    Key benefits-

  • To supply detailed suggestions related to the essential components (drivers, restraints, opportunities, challenges, and trends) influencing the boom of the international Cloud-based mostly commercial enterprise resource planning (ERP) Market
  • To forecast the measurement of the market segments with admire to 4 fundamental regional segments, specifically, North the us, Europe, Asia Pacific, and the rest of the world (Latin the us and the core East & Africa)
  • Get pattern replica of this record at https://www.theinsightpartners.com/pattern/TIPRE00002924/

    The "global Cloud-based mostly enterprise useful resource planning (ERP) Market evaluation to 2027" is a specialized and in-depth analyze of the cloud-based enterprise resource planning (ERP) trade with a focus on the world cloud-based enterprise resource planning (ERP) market style. The record aims to supply an overview of the global cloud-based business useful resource planning (ERP) market with distinct market segmentation by way of part, characteristic, industry, and geography.

    The global cloud-based enterprise useful resource planning (ERP) market is anticipated to witness excessive boom all over the forecast duration. The report comprises key records on the market popularity of the main market players and offers key developments and alternatives in the market.

    The record of organizations 1. SAP SE2. Microsoft Corporation3. Oracle Corporation4. Epicor application Corporation5. Financialforce.Com6. Plex systems, Inc.7. Infor8. Sage utility, Inc.9. Intacct Corporation10. Ramco systems

    The cloud-primarily based enterprise aid planning (ERP) market analysis document offers a detailed overview of the trade including both qualitative and quantitative suggestions. It additionally offers market measurement and forecast until 2027 for overall Cloud-primarily based business resource planning (ERP) market with appreciate to five most important areas, namely; North the us, Europe, Asia-Pacific (APAC), core East and Africa (MEA) and South america (SAM).

    The market via every place is later sub-segmented by using respective nations and segments. The file covers the evaluation and forecast of 18 nations globally along with the latest vogue and alternatives prevailing in the place.

    access this document at  https://www.theinsightpartners.com/discount/TIPRE00002924/

    anyway this, the document analyzes elements affecting cloud-based mostly commercial enterprise useful resource planning (ERP) market from each demand and supply side and additional evaluates market dynamics affecting the market during the forecast duration i.e., drivers, restraints, opportunities, and future trend. The document also provides exhaustive PEST analysis for all 5 regions regarded in the international Cloud-based enterprise resource planning (ERP) Market record.

    extra, the report also comprises ecosystem analysis for the cloud-based commercial enterprise aid planning (ERP) market.

    also, key cloud-based mostly commercial enterprise useful resource planning (ERP) market avid gamers influencing the market are profiled within the analyze together with their SWOT analysis and market ideas. The report additionally makes a speciality of leading business players with suggestions equivalent to enterprise profiles, items, and features provided, economic counsel for the remaining three years, and key traits during the past five years.

    desk of Contents 

  • 1. INTRODUCTION1.1. SCOPE OF THE STUDY1.2. THE insight partners research record GUIDANCE1.3. MARKET SEGMENTATIONo CLOUD-primarily based enterprise resource PLANNING (ERP) Market - through Componento CLOUD-primarily based enterprise resource PLANNING (ERP) Market - by way of Functiono CLOUD-based business useful resource PLANNING (ERP) Market - through Industryo CLOUD-primarily based commercial enterprise resource PLANNING (ERP) Market - through place- via country
  • 2. KEY TAKEAWAYS
  • three. research METHODOLOGY
  • entry document @ https://www.theinsightpartners.com/buy/TIPRE00002924/

    rationale to entry:

    - keep and reduce time accomplishing entry-degree research by picking out the increase, dimension, main avid gamers and  segments in the global Cloud-based commercial enterprise resource planning (ERP) Market- Highlights key enterprise priorities to be able to assist businesses to realign their business recommendations.- the important thing findings and recommendations spotlight vital progressive business tendencies within the Cloud-primarily based commercial enterprise aid planning (ERP) Market, thereby permitting avid gamers to increase valuable future suggestions.- advance/adjust enterprise enlargement plans by using titanic boom offering developed and rising markets.- Scrutinize in-depth world market developments and outlook coupled with the elements driving the market, as well as these hindering it.- enhance the choice-making system with the aid of understanding the strategies that underpin business hobby with appreciate to products, segmentation and trade verticals.

    This electronic mail handle is being covered from spambots. You want JavaScript enabled to view it.


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    Perficient, CPI Card Group Partner on One of the First Migrations to Oracle FCCS from Oracle HFM | killexams.com real questions and Pass4sure dumps

    ST. LOUIS--(BUSINESS WIRE)--Perficient, Inc. (NASDAQ: PRFT) (“Perficient”), the leading digital transformation consulting firm serving Global 2000® and other large enterprise customers throughout North America, today announced it has successfully launched an implementation of Oracle’s newest cloud-based consolidations product, Oracle Financial Consolidation and Close Cloud Service (FCCS), which debuted in May 2016.

    Oracle FCCS, an enterprise performance management tool, targets the financial close and consolidation processes and utilizes Oracle’s Enterprise Performance Management cloud platform. FCCS provides pre-configured consolidation models to significantly reduce the cost and time to perform the financial close process. With out-of-the-box calculations, hierarchies, built-in connectivity to source systems, and reports for quick deployments, FCCS’s significant functionality reduces customization requests.

    Perficient partnered with CPI Card Group for one of the first migrations to FCCS from an on-premises deployment of Oracle Hyperion Financial Management (HFM). CPI is a leading provider of payment card production and related services, offering a single source for credit, debit, and prepaid debit cards including EMV chip, personalization, instant issuance, fulfillment, and mobile payment services. CPI’s previous successes with Oracle Business Intelligence Cloud Services (BICS) and Planning and Budgeting Cloud Service (PBCS), coupled with the company’s need for tight integration of financial and operational data, made them an ideal candidate for this landmark FCCS implementation.

    “Perficient has been instrumental in assisting us with key areas of our business as we pivot our Oracle applications to the cloud,” said Tyler Wilson, director of business applications and analytics for CPI Card Group. “They understand our business, and they have been a valuable partner in achieving our goals.”

    Perficient, an Oracle Platinum Partner, has delivered cloud services and solutions using Oracle Cloud for EPM/ERP, Oracle Cloud CX, Oracle Business Intelligence Cloud Service, and Oracle Integrated Cloud Services as well as other scalable technologies, to meet our customers’ needs.

    “Perficient has more than 15 years of financial consolidation experience with Hyperion Enterprise and HFM, and we are leveraging that experience to help customers adopt a cloud-based solution in FCCS,” said Santhosh Nair, general manager of the Oracle EPM practice at Perficient. “We have already helped CPI make the move from on-premises to the cloud for their EPM/BI applications and are now adding FCCS to the mix to round out the solution.”

    Perficient partners with leading technology vendors such as Oracle to provide business optimization, digital experience, and industry-driven technology solutions and support across many practice areas. Perficient is also at the forefront of industry thought leadership on digital transformation – a means of modernizing the systems that create, deliver, and sustain meaningful customer experiences.

    Perficient will have thought leaders discussing ways to leverage customer data and Oracle cloud services at Oracle OpenWorld, Sept. 18-22 at the Moscone Center in San Francisco. To learn more about Perficient’s work with FCCS or other solutions, visit the company’s booth, No. 1715, at the conference.

    Perficient’s Oracle consultants specialize in several practice areas including Oracle EPM, ERP, BI and Analytics, and CX, as well as Oracle technologies such as Fusion Middleware, BPM, and WebCenter. Perficient’s Oracle consultants also are certified to deliver the official Oracle course curriculum to customers via onsite training classes. Perficient owns and operates an Oracle Approved Education Center in partnership with Oracle University.

    For more information on Perficient’s expertise in Oracle technologies, visit www.perficient.com/Partners/Oracle, and follow Perficient’s experts on Twitter @Perficient and @PRFT_Oracle.

    About PerficientPerficient is the leading digital transformation consulting firm serving Global 2000® and enterprise customers throughout North America. With unparalleled information technology, management consulting, and creative capabilities, Perficient and its Perficient Digital agency deliver vision, execution, and value with outstanding digital experience, business optimization, and industry solutions. Our work enables clients to improve productivity and competitiveness; grow and strengthen relationships with customers, suppliers, and partners; and reduce costs. Perficient’s professionals serve clients from a network of offices across North America and offshore locations in India and China. Traded on the Nasdaq Global Select Market, Perficient is a member of the Russell 2000 index and the S&P SmallCap 600 index. Perficient is an award-winning Premier Level IBM business partner, a Microsoft National Service Provider and Gold Certified Partner, an Oracle Platinum Partner, an Adobe Business Solution Partner, and a Gold Salesforce Consulting Partner. For more information, visit www.perficient.com.

    Safe Harbor StatementSome of the statements contained in this news release that are not purely historical statements discuss future expectations or state other forward-looking information related to financial results and business outlook for 2016. Those statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on management’s current intent, belief, expectations, estimates, and projections regarding our company and our industry. You should be aware that those statements only reflect our predictions. Actual events or results may differ substantially. Important factors that could cause our actual results to be materially different from the forward-looking statements include (but are not limited to) those disclosed under the heading “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2015.


    The Best Enterprise Accounting Software of 2017 | killexams.com real questions and Pass4sure dumps

    What Is Enterprise Accounting and Financials?

    When it comes to accounting software, entry-level financial applications such as Intuit QuickBooks are the most often installed apps in small to midsize businesses (SMBs). This is even more the case now that so many cloud-based accounting programs such as Freshbooks have entered the market. Intuit QuickBooks, Freshbooks, and similar apps are excellent tools because they're relatively easy to set up and use; that's one of the reasons they're so popular with SMBs. But accounting software that's popular with SMBs generally only gets you so far once your business grows past a certain size. Especially true if it starts doing business internationally, your expanding business is going to need more functionality from its accounting system.

    For the purposes of this review roundup, rather than relegate these reviews to midsize businesses only, we'll instead use the increasingly more popular segment description "SME software"—small to midsize enterprise accounting. And the metric we'll use to determine if a particular accounting system falls into this category is its ability to handle complex business functions.

    More than Just Bookkeeping

    The reason for using this particular approach is simple: Over the past decade or so, business has changed dramatically. With the internet fostering global sales, inventories in multiple locations and countries, and a bewildering mélange of currencies and taxes, even a company with just a few employees can require the sort of financial system complexity once reserved solely for multibillion dollar multinationals. Those multinationals could afford to spend hundreds of thousands of dollars on IT and financial system acquisition, implementation, and support on an ongoing basis, but most SMEs cannot.

    The goal of SME software is to present a good portion of this capability at a price and usability a modest-sized business can afford. In this review roundup, we test 10 SME accounting systems that, for the most part, exist in the cloud, either as managed services or hosted systems. Many of the financial systems we reviewed are actually parts of larger suites, including additional modules covering a wide variety of functionality such as customer relationship management (CRM), business intelligence (BI), project management, data mining, financial reporting, complex budgeting and forecasting, and any number of other areas. For that reason, we had to limit what we looked at and, for now, we stuck with general ledger accounting. Look for us to examine some of these other modules in more detail in an upcoming roundup covering SME enterprise resource planning (ERP) apps.

    SME Customizability

    Because of their modular approach to software delivery, the SME accounting systems we look at here for the most part allow customers to build their own financial systems based on what their operations require. While we examine baseline general ledger capability, these systems often also offer vertical market versions tailored for specific kinds of businesses, such as nonprofit entities, manufacturing companies, distribution businesses, or real estate management, for example. Generally, these are add-on modules that install over the baseline accounting software.

    For example, production, warehousing, and distribution businesses all have very different inventory needs, and this becomes even more complex when the business houses inventory of different kinds in multiple locations or countries. One of the areas we examined, but did not test, was a vendor's ability to meet these various inventory complexities, including bill of materials (BOM) processing, kitting (inventorying subcomponents of a finished product), and supply chain management.

    Other characteristics of higher-level accounting systems include the ability to handle multiple companies and divisions, frequently with intercompany or interdivisional transactions; multicurrency capability, enhanced security, and features such as self-service payroll where the employee can directly access his or her information and make limited changes such as increasing or decreasing the number of dependents.

    Cloud-Scale Accounting

    Another important characteristic of SME software is scalability. This is more of an issue with in-house systems than it is with cloud-based accounting, because scalability is mainly limited by the infrastructure upon which the system is running. In your data center that infrastructure limit can be quickly reached, thereby limiting your scale. In the cloud, you've got as much infrastructure as you feel like paying for at any given time.

    In terms of SME accounting, scalability can be viewed as the ability to add simultaneous users. As the company grows, and as the financial system grows beyond bookkeeping into other areas of financial and managerial utility, the need to grow its users base quickly and easily is critically important. However, because these are high-end systems, especially when you get into in-house financial and ERP systems, scaling up for more users can mean substantially increased licensing costs, higher maintenance fees, and the need for higher-end hardware (if you're running the system in-house rather than as a managed cloud service).

    Another limiting factor in SME accounting scalability is the underlying database. Most entry-level accounting apps use a proprietary database or a third-party offering with an inexpensive licensing fee. Either model, however, can limit the number of users. On the other hand, true enterprise financial systems are likely to use expensive databases, such as IBM DB2, Oracle, or SAP, any of which can dramatically drive up licensing, implementation, and maintenance costs. In between these two extremes, you'll find apps using Microsoft SQL Server (though this one is quickly approaching high-end database territory in terms of both feature and licensing complexity), MySQL, or PostgreSQL. While the accounting staff probably doesn't need to know what the underlying database of their accounting app is, it's definitely something your IT department needs to know and factor into their long-range planning—and that's regardless of whether the overall system is housed on-site or in the cloud.

    Fortunately, your IT department won't have to work alone when it comes to implementing these SME accounting systems. That's because, for the most part, SME accounting systems are not offered for customer installation but rather only through value added resellers (VARs), most of which will make installation part of the package. None of the apps we tested are off-the-shelf retail boxed products, whether they're eventually housed on-site or in the cloud. However, while these services can drive up costs, they can also be highly valuable.

    Depending on the complexity of your business, installation, feature selection, onboarding, and even ongoing support, can all save significant time, at both the implementation stage and if anything ever goes wrong. Good planning and coordination between your staff, the reseller, and your accountant are difficult must-haves but can pay big dividends down the line.

    Evaluating SME Accounting

    In our reviews, we tested using a fully functional testing account provided by the vendors, except when a cloud-based or hosted account wasn't available. In these few instances, we installed the in-house version with the help of the vendor or a designated reseller. Many of the accounting apps we tested include mobile access. With these apps, we tested available remote operations by using an iPad Air, a Lenovo Android tablet, and a Microsoft Surface 3, in addition to a desktop PC (which was our primary test platform).

    When testing these systems yourself, remember that, while SME accounting systems are extremely powerful apps, the one you choose should fit as closely as possible to the way your business runs. That means you need to put in some real work to understand the workflows in your business—not just various accounting practices but also how your inventory is truly managed, for example, or how billing occurs for different kinds of customers. Meet with key business process owners and walk through all of the major workflows of your business before deciding on an SME accounting platform. You need to be aware of where data is generated, what it's used for, and how it might interact with other apps beyond the accounting system. The better you understand these nuances and the closer you can match the app's capabilities to what you need, the more successful your implementation will be.

  • Pros: Solid customer relationship management features. Broad enterprise resource planning features apply to wide variety of businesses. Excellent drilldown capabilities from several system views. Simple reporting. Custom process workflows. Easily navigable, hierarchical dashboards.

    Cons: Confusing help system. Difficult to configuring system for specific roles. Broad but complex feature set.

    Bottom Line: Oracle NetSuite OneWorld is written for the cloud, focusing on ease of use and modularity. It is a solid financials platform that can be easily expanded to meet other business needs simply by buying additional functionality through the cloud.

    Read Review
  • Pros: On-premises or cloud deployment. Robust amount of costing methods. Works on many databases. Solid reporting. Non-user-based pricing accommodates growing companies. Browser-based app makes it easy to use mobile devices. Navigation is easy.

    Cons: Estimating licensing costs can be difficult. Standard report filters may need customizing. Reliance on third-party add-ons needed if implementing ERP for companies outside the manufacturing/distribution vertical. Unusual pricing structure.

    Bottom Line: Acumatica's intuitive design, enterprise scalability, and flexible pricing model help make Acumatica an excellent choice for enterprise resource planning, general ledger accounting, and inventory management.

    Read Review
  • Pros: Many report export options. Great transaction drilldown. Extensive online training and help functionality. Solid audit trail report capability

    Cons: . No HR or POS modules for ERP implementations. Limited graphics and charting. Task shortcuts need to be configured. No true dashboards. No process flowchart navigation.

    Bottom Line: AccountMate is a solid entry in small to midsize business (SMB) financials, inventory management, and enterprise resource planning (ERP). Though it's missing some sophisticated features that other products have, it's still very usable and configurable.

    Read Review
  • Pros: Easy navigation. Two of the three bundles include Crystal Reports. Available as a single purchase or per-month payments. Can be purchased directly or through a reseller channel. Fund Accounting edition available.

    Cons: Crystal Reports costs $495 extra, even for the most basic bundle. Report filters and data entry screens are not particularly intuitive. Not much charting or graphics capability within most modules.

    Bottom Line: Cougar Mountain Denali Summit is aimed squarely at midsized businesses and it sports a wide variety of expansion modules. Its design can be a little lackluster in places, but for most businesses it provides a serviceable financial platform.

    Read Review
  • Pros: Deep dashboard drilldown. Full suite of ERP creation modules. Good documentation and Help screens. Available in-house or hosted. Includes Working Trial Balance report. Screen, forms, and reports customization. Easy hosted mobile access.

    Cons: No Flowchart/Process navigation. Setting up data entry and reports is somewhat complex.

    Bottom Line: While Open Systems Traverse is one of the oldest players in the space, it actually shows its age in areas like UI design. Still it's a solidly capable mid-tier financial platform that's well worth a look.

    Read Review
  • Pros: Extensive customization available. Underlying SAP HANA database allows for complex business analytics. Microsoft SQL Server also available. Includes Crystal Reports for custom reporting. Can handle multiple currencies. Benefits administration module. Excellent documentation.

    Cons: Initial configuration and installation usually requires partner or expensive Value Added Reseller (VAR). Extensive customization necessary. Only supports Mozilla Firefox browser; testing failed. Ancillary system applications such as HR have pared-down feature sets.

    Bottom Line: SAP Business One Professional has good features and flexibility overall, but is designed as an "old school" enterprise resource planning (ERP) platform. It may be too complex for many users especially small to midsize businesses (SMBs).

    Read Review
  • Pros: Mobile access from multiple operating systems using Google Chrome. CRM available in the 300 product line. Easily changeable dashboard widgets. Customizable, ribbon-based navigation menus.

    Cons: Payroll and inventory unavailable as 300 components. No hard timetable for adding modules. No flowchart/process navigation. Limited dashboard widgets on screen. Missing drill-down or navigation capability.

    Bottom Line: Sage 300 is a mid-range accounting and enterprise resource planning (ERP) software solution that is easy to use. But its functionality and expansion modules are limited, and it lags slightly behind the competition in drill-down and customization features.

    Read Review
  • Pros: Easy-to-navigate process menus. Familiar user interface (UI) for current QuickBooks users. Huge user community. Simple forms and report customization. Large number of standard and contributed reports. Excellent import capabilities. Excellent integration with Sales and Purchasing.

    Cons: Offers only Average Costing if acquired without Advanced Inventory feature. No Economic Order Capabilities. Basic Low Inventory warnings. Scalable only up to 30 users. Proprietary database. No true central documentation. Mobile access only with an add-on service.

    Bottom Line: QuickBooks Desktop Enterprise is a good next step for companies that have gotten to large for Intuit's more small business-focused cloud-based versions. However, there are some scalability and back-end integration issues you'll want to consider before making the move.

    Read Review
  • Pros: Exceptional functionality. Numerous optional components can bring it up to true ERP capability. Base software (Starter Pack) is very well-provisioned. Available on-premises or as a managed cloud service. Large variety of available mobile applications. Huge number of customizable reports.

    Cons: Outdated user interface (UI) isn't user-friendly. Workflow isn't intuitive. Will probably require extensive (and expensive) configuration and customization from Microsoft partners/resellers. Modular approach can result in an expensive system if many subsidiary journals are required.

    Bottom Line: Microsoft Dynamics GP puts functionality rather than user-friendliness at the top of its feature list.

    Read Review

  • San Bernardino Community College District Deploys Cloud-Based ERP System | killexams.com real questions and Pass4sure dumps

    Enterprise Resource Planning

    San Bernardino Community College District Deploys Cloud-Based ERP System
  • By Dian Schaffhauser
  • 04/18/16
  • San Bernardino Community College District in California has selected a new cloud-based enterprise resource planning (ERP) system to provide insight into operations and improve reporting to support the decision-making process.

    San Bernardino Community College District is one of 72 community college districts within the California Community College system, and it's "in the process of becoming fiscally independent from the County," said Jose Torres, vice chancellor of business and fiscal services for San Bernardino Community College District, in a news release. As part of that process, Torres and his team were looking for "a robust, complete cloud ERP solution that could help us transform our organization."

    The district selected Oracle Enterprise Resource Planning (ERP) Cloud. According to information from Oracle, its ERP Cloud includes financials, planning and budgeting, risk and controls management, procurement and sourcing, inventory and cost management, product master data management and project portfolio management.

    San Bernardino Community College District will work with Highstreet IT Solutions on the implementation. Once the new system is in place, it should help the district "drive sustainable cost reductions, simplify processes and standardize systems," according to a news release from Oracle.

    In related Oracle news, several other higher education institutions have opted to deploy Oracle's cloud-based systems recently. Kentucky State University (KSU) has selected both Oracle ERP Cloud and Oracle Human Capital Management (HCM) Cloud to replace its aging ERP system and improve the efficiency of its operations. Bellevue University in Nebraska has selected Oracle ERP Cloud and Oracle Business Intelligence Cloud Service to replace its on-premise licensing. And Vanderbilt University in Tennessee has selected Oracle ERP Cloud and Oracle HCM Cloud to replace its 30-year-old legacy system.

    About the Author

    Dian Schaffhauser is a senior contributing editor for 1105 Media's education publications THE Journal and Campus Technology. She can be reached at dian@dischaffhauser.com or on Twitter @schaffhauser.



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