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Oracle Financials Cloud: Receivables 2018 Implementation Essentials

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Test Number : 1Z0-1006
Test Name : Oracle Financials Cloud: Receivables 2018 Implementation Essentials
Vendor Name : Oracle
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1Z0-1006 exam Format | 1Z0-1006 Course Contents | 1Z0-1006 Course Outline | 1Z0-1006 exam Syllabus | 1Z0-1006 exam Objectives

Exam Title : Oracle Financials Cloud: Receivables Cloud 2018 Implementation Essentials
Exam ID : 1Z0-1006
Exam Duration : 120 minutes
Questions in exam : 80
Passing Score : 60%
Format : Multiple Choice Questions (MCQ)
Exam Center : Pearson VUE
Real Questions : Oracle Financials Cloud: Receivables 2018 Certified Implementation Specialist (OCS)
Recommended Practice : 1Z0-1006 Online VCE Practice Test

Reporting - Explain how to design and use various reporting tools
- Explain Oracle Transactional Business Intelligence (OTBI)
- Use Business Intelligence Publisher (BIP) Reports
- Use the Receivables to Ledger Reconciliation Report
- Process intercompany reconciliations Billing - Process billing transactions
- Describe invoice print and presentment
- Manage revenue
- Analyze receivables information using the Billing Work Area
- Calculate Transactional Tax
- Create and process bills Receivable Receipt Management - Deploy receipt processing
- Manage customer refunds
- Explain the key uses for the Receivables Balances Work Area
- Process bills Receivable Remittances NEW for R13 - Bill Management - (NEW) Explain the self-service application for customers Receivables - Explain the process for managing customers with Accounts Receivable
- Manage Reference Data Sets
- Utilize importing customer data
- Create write offs, adjustments, late chargesand chargebacks
- Explain autoinvoice accounting
- Configure Subledger Accounting Collections - Deploy a Delinquency process
- Explain the process for customer correspondence
- Manage dispute handling
- Explain the key functionality of the Collection Work Area
- Explain Collection Preferences
- Configure and Process a Collections Stratagy Revenue Management Cloud Service - Explain revenue contracts
- Utilize performance obligations
- Explain observed and esitmated standalone selling prices
- Utilize importing revenue data
- Uitilize accounting for revenue

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Oracle Takes purpose At Amazon In New Cloud price struggle Sparked by way of Covid-19 | 1Z0-1006 practice test and real questions

As COVID-19 imposes power on cloud providers to cut expenditures, Oracle is vying for a foothold in the ... [+] market.

Corbis by way of Getty pictures

When typical video-conferencing company Zoom announced a new cloud contract ultimate month, it wasn’t with its latest suppliers Amazon and Microsoft, or even Google. as a substitute, Zoom grew to become to a tech behemoth mostly forgotten within the race between the cloud’s massive three: Oracle.

Weeks later, Oracle claimed one other cloud victory, saying it had lured away one more Amazon customer, communications platform 8x8. Oracle made the reason behind 8x8’s defection clear: an eighty% fee cut price in comparison to Amazon web features, Amazon’s extremely ecocnomic and market-leading enterprise unit. “unlike AWS, which locks in your records with extraordinarily excessive pricing...our method is to provide customers each-day low pricing,” Oracle declared.

It’s now not the first time Oracle has taken shots at the competition. but because the Covid-19 pandemic pushes corporations to cut prices — and americans to are living and work remotely over the cloud — business trackers say Oracle’s jabs may be part of a brand new race to lower expenses among the many cloud’s large players. Amazon has already reduce some prices by means of as an awful lot as ninety%. Others may also comply with. “The Covid situation, and the assimilation of cloud adoption, will enhance the center of attention on price,” says Deepak Mohan, a cloud business analyst at IDC. “It’s a brand new type of cost warfare.”

Cloud computing features are largely unseen with the aid of the general public. but likelihood is any big enterprise you use nowadays, from your financial institution to Netflix, your favourite activities league to your favourite soft drink maker, spend millions of bucks — even billions over the direction of some contracts — to preserve their networks, technique customer interactions and save facts remotely.

In that cloud race, Oracle is a relative latecomer, holding just 2% of international market share compared to Amazon’s industry-leading 32%, in line with facts from Canalys. Amazon gained its share via being first to market; Microsoft built Azure into a contender partly by using offering business-pleasant tools to its colossal client base. due to the fact that entering the market in 2008, third-vicinity shareholder Google has carved a niche providing superior desktop researching and artificial intelligence tools.

Oracle’s fresh positive factors with Zoom and 8x8 aspect to a neighborhood of the cloud by which it eyes a foothold: acting as a last mile birth provider of varieties within the cloud, a local called “records egress.” The provider, which helps purchasers down load data from a crucial cloud platform, can show costly for groups, above all providers of information-hungry video-conferencing equipment. When Zoom announced its contract with Oracle, the company pointed out it planned to method seven million gigabytes through Oracle’s cloud day by day.

At such volumes, expense wins, and Oracle has proven its appetite to push down prices. 8x8, which switched from AWS, is paying simply 1/5th what it did to Amazon for statistics egress, Oracle has talked about. “price cutting is how incumbents like Oracle are attempting to seize market share, mainly now when all IT expenses are beneath big pressure,” says Forrester analyst Dave Bartoletti in an e-mail. “For the closing few years, unit costs for cloud functions haven’t been organizations’ biggest difficulty. In a tight economic climate, rate concerns once again.”

That new reality could usher back a pricing race to the bottom that shifted the landscape — and benefited shoppers’ balance sheets — in 2014 when Google sought to make its own cloud splash. Then, Google’s cost cuts topped eighty five% for some services, forcing AWS and Microsoft to institute their personal discounts. Now, it looks as a minimum Amazon is doing so again. Amazon gained’t publicly say what determines rate mark downs and says it has instituted more than eighty given that 2006. but the business’s move to bargain 5 of its AWS items in the past month is still eye opening; for statistics egress, Amazon cut expenditures to shoppers observed in South the united states by means of forty%. “AWS has a protracted track listing of passing operational efficiencies on to their consumers within the type of reduce costs,” an AWS spokesperson stated in a press release.

At Oracle, cloud executive Clay Magouyrk says the company hasn’t reduced its personal cloud expenses on account that their launch in 2016. however Oracle’s obviously gunning for Amazon, and taking every opportunity to claim so. “AWS is the trendsetter,” says Magouyrk, who left AWS in 2014 for Oracle. “What we’re displaying is how they evaluate to them.”

There’s no love lost between both West Coast tech giants. In 2017, Oracle’s then-CEO Mark Hurd proclaimed that AWS’ cloud infrastructure was “ancient” and that Oracle’s cloud turned into gaining market share. In response, AWS CEO Andy Jassy took goal at Oracle’s high costs and lengthy-time period lock-in contracts and said its “purchasers are in poor health of it” at an AWS conference in San Francisco later that 12 months. Oracle founder Larry Ellison has additionally touted that his cloud division is sooner and cheaper than AWS. greater these days, Ellison, a confidant of President Donald Trump, offered Oracle’s features to Trump’s administration for its coronavirus response; Amazon founder and CEO Jeff Bezos is a popular target for Trump’s Twitter ire.

Oracle was recently revealed to were at the back of a joint bid with Microsoft to win a $10 billion cloud computing contract with the Pentagon in competitors with Amazon, dropping the alliance simplest after the branch of defense indicated it might present the contract to only one provider. Microsoft turned into awarded the plum “JEDI” contract; Amazon is contesting the decision.

Oracle, which is expected to announce revenue subsequent month, does not divulge income from its cloud business. however with company-large revenues in its ultimate fiscal yr of not much greater than AWS’ $35 billion-in-income 2019, Oracle has an extended manner to move to show greater than a nuisance to Amazon’s cloud management. “AWS is going to claim, oh this is cute,” says Gartner analyst Ted Chamberlin. “To them I consider here is an exceedingly minor annoyance.”

but Oracle’s bluster and price forays have not long past disregarded. In his speech at Amazon’s cloud summit held remaining week Jassy might also had been seeking to parry Oracle’s Zoom announcement when he publicly discussed AWS’ own company with the videoconferencing chief for the first time: “The substantial majority of Zoom's cloud infrastructure runs on AWS,” he advised the nearly-assembled crowd, “and may for the foreseeable future.”

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