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Exam Number : 1Z0-1018
Exam Name : Oracle Revenue Management Cloud Service 2018 Implementation Essentials
Vendor Name : Oracle
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Exam Title : Oracle Revenue Management Cloud 2018 Implementation Essentials
Exam ID : 1Z0-1018
Exam Duration : 105 minutes
Questions in test : 60
Passing Score : 64%
Format : Multiple Choice Questions
Exam Center : Pearson VUE
Real Questions : Oracle Revenue Management Cloud Service 2018 Certified Implementation Specialist (OCS)
Recommended Practice : 1Z0-1018 Online VCE Practice Test

Revenue Management Overview - Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)
- Explain Revenue Management Integration Requirements Standalone Selling Prices - Setup Revenue Management and configure standalone pricing (NEW for R13) OTBI and delivered reports - (NEW for R13) Explain how to create OTBI reporting objects
- (NEW for R13) Explain delivered reports uses and processes Revenue Management Setup and Configuration - Configure Revenue Management Cloud Services
- Placeholder Objective for another skill under Setup and Config Revenue Contracts - Manage contracts and Revenue



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Oracle Implementation Questions and Answers

NetSuite updates ERP suite with new automation, analytics capabilities | 1Z0-1018 Study Guide and test Cram

NetSuite is updating its suite of ERP applications with analytics and automation capabilities designed to cut back guide procedures and supply accurate and timely records to optimize the resolution-making technique for corporations.

the brand new products and elevated services consist of NetSuite Analytics Warehouse, designed to supply quicker business insights; SuiteBanking, which helps shoppers automate key economic approaches; and advanced consumer guide Playbooks.

NetSuite, which is owned via Oracle, added the brand new products and contours at its annual SuiteWorld event closing week. The analytics and automation capabilities are geared toward optimizing commerce, HR, monetary, assignment management and provide chain capabilities inside its suite of products.

NetSuite pursuits quickly-transforming into corporations in the midmarket, typically comprising companies  with between $1 million and $200 million in salary. “Oracle NetSuite is making key investments into areas that are favored by way of most enterprise clients of their target section,” noted Ray Wang, founder and primary analyst of market research enterprise Constellation analysis.

Analytics and automation for faster determination-making

To more suitable support corporations in the decision-making manner, NetSuite introduced its first prebuilt statistics warehouse and analytics solution for its customers, the NetSuite Analytics Warehouse. it is built on Oracle Analytics Cloud and Oracle self sustaining data Warehouse and may assist organizations establish patterns and generate insights from NetSuite and third-birthday party information.

It automatically connects to a client's NetSuite environment, enabling for scheduled switch of data. The warehouse additionally enables purchasers to extract, radically change, and cargo facts from distinctive sources, from spreadsheets to unstructured information, devoid of the need for coding. It additionally comes with prebuilt metrics and KPIs (key performance warning signs).

the brand new analytics warehouse is a logical and sensible movement as all of the transactional records in the suite now has a place for discovery, Wang said. “organisations need to ask critical company questions throughout functional fiefdoms and the circulate to an analytical warehouse makes it more convenient for valued clientele to ask the business questions and get to the appropriate solutions,” he referred to.

in an effort to support corporations boost productiveness, the enterprise has launched new 360 Dashboards that permit organizations to maintain tune of their information and every day procedures. The dashboards are designed to enable clients to profit insights into their company, and also to increase automation, collaboration and streamline everyday initiatives round essential company functions like stock, customer, challenge, and money movement management, in a single window.

furthermore, the business launched a new client help service, referred to as advanced client assist Playbooks, which are in line with NetSuite’s analyze of records and techniques from thousands of implementations. “The playbooks will assist consumers handle operational challenges, corresponding to revenue consciousness, mission profitability or provide chain management, and pass-practical techniques like quote to money,” observed Craig Sullivan, community vice chairman, product management at NetSuite. The playbooks can help with areas such as geographic enlargement, IPO preparation or merger and acquisition undertaking, in keeping with Sullivan.

The playbooks are a response to consumer success management trends out there and appropriate for SMBs, based on Constellation's Wang. “The playbooks take most effective practices and democratize them to the mid-market, which commonly doesn’t have easy entry to and put in force of business most fulfilling practices,” Wang pointed out.

Integration into commercial enterprise workflow

As part of the latest replace, Oracle NetSuite has released aspects that without delay integrate into the workflow method for quite a few purposeful departments in an organization. These include SuiteBanking, which helps corporations automate critical financial approaches and offers insights into statistics reminiscent of cash movement.

“by way of bringing collectively automated money owed payable and bills receivable tactics, SuiteBanking makes it fast and straightforward to pay expenses, ship invoices and receives a commission, all from within NetSuite,” Sullivan talked about. 

SuiteBanking can also have come at a superb time as organizations are seeking for ways to simplify product integrations into their techniques, in accordance with Wang. “Banking integrations are hard to execute. while this isn’t a primary mover competencies in ERP, for the mid-market this is a online game changer,” Wang spoke of.  

NetSuite claims here's the first unified suite that embeds fintech into cloud ERP. SuiteBanking allows for consumers to increase bills payable, money owed receivable, financial institution reconciliation, spend administration, overseas payments and access to working capital.

“customarily, the ERP programs automate all fiscal strategies and prevent short of featuring a seamless integration to downstream price methods to shut the loop," pointed out Sharath Srinivasamurthy, research director at market analysis firm IDC. "The funds are both managed by using a unique device or dealt with manually and the counsel is fed lower back to the ERP gadget. here's no longer only inefficient, however also unproductive and may be susceptible to error.”

NetSuite additionally announced an replace into its SuiteCommerce platform designed to support enterprises refine their B2B and B2C online retail capabilities. It contains an intelligent product advice engine to enable corporations to customize presents for their visitors.

The company has additionally up to date its SuitePeople platform to automate 401(ok) calculations — it has a new onboarding portal that offers a single area to evaluate, replace, and comprehensive all linked onboarding tasks in NetSuite. These standard automations shop time helping firms generate extra productiveness out of  employees, according to Constellation's Wang.

NetSuite has also up to date its supply chain suite to consist of automations that permit enterprises manage the entire provide chain procedure in keeping with analytics. the new computerized suite reads facts corresponding to gross earnings, inventory degrees, manufacturing unit and lead times, earlier than suggesting selections to optimize stock allocation, construction and other facets of organizations. This, in response to Sullivan, helps control the productivity of  corporations.

one of the crucial different updates encompass a new on-line price system skill, a new bill presentation, and new SuiteAnalytics workbook APIs for builders, for enhanced mission management. in line with Sullivan, the workbook APIs permit programmatic access to a big range of workbook capabilities to support builders create powerful business intelligence applications for NetSuite. 

Copyright © 2021 IDG Communications, Inc.


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