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Exam Number : 1Z0-971
Exam Name : Oracle Incentive Compensation Cloud 2017 Implementation Essentials
Vendor Name : Oracle
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A Case examine on Upgrading from Oracle PBC to the Oracle EPM business Cloud carrier | 1Z0-971 cheat sheet and braindumps

My Chicago based client bought a 3-yr Oracle Planning and Budgeting Cloud (PBC) license back in 2017. The business manufactures organic and inorganic chemical substances, together with polymers utilized in adhesives and coatings, as well as components for personal care objects. The enterprise runs its global company on SAP and makes use of Oracle EPM for its consolidation and funds methods. 

In 2019, they were nonetheless struggling to get greater out of their Oracle PBC investment with their common PBC implementation vender. They identified the price of PBC and switched to a new implementation accomplice who might stronger support them recognize their brief-term desires in a cost-effective manner. The business mandatory tighter integration with SAP, a more robust consumer interface design, and an standard greater supportable budgeting platform. 

by way of 2020, Oracle PBC had proven itself. Their three-year PBC license become up at roughly the same time as their HFM license. They determined to invest in Oracle’s business efficiency management enterprise Cloud carrier which is made out of 7 separate capabilities together with Planning and financial Consolidation and shut (FCC). Their fashioned PBC utility changed into migrated to Oracle Planning within a couple of hours. An implementation project become required to flow from HFM to FCC.

One sticking element become the raise in licensing expenses when relocating from the stand-alone PBC application to the EPM enterprise Cloud service. It now not made sense to preserve licenses in the EPM commercial enterprise Cloud carrier for some planning clients who simplest used the gadget 2 weeks a year to enter their annual price range. An offline planning solution was carried out leveraging Oracle Planning, smart View, and VBA to help some annual funds clients with a purpose to control the variety of required EPM person licenses. 

The chemical brand now is correctly operating each Oracle Planning and FCC in creation at a lessen licensing can charge than previously with PBC and HFM. moreover, Planning and FCC users now have a typical cloud-based consumer event, standardized procedures have decreased their aid complexities, and there is elevated data sharing between both cloud capabilities.

The company just introduced SAP HANA on-line. The subsequent step for them is to modify their existing SAP and Oracle EPM integrations to work on their new HANA platform.

in case your PBC license is up for renewal, here are some things be sure to consider about …

1)   Hybrid BSO is now the default choice should you create an Oracle Planning software. Hybrid BSO enables dynamic aggregations in a BSO dice. we are seeing particular efficiency good points with Hybrid BSO over ordinary BSO. additionally, Hybrid purposes are more convenient to enforce and guide since you no longer deserve to run suggestions to aggregate facts after facts alterations via inputs or information hundreds. 

Your organization could benefit from upgrading your existing software to take talents of this database technology advancement?

2)   I have spent loads of time improving older PBC functions that I have either applied or taken over from different venders. almost all these applications mandatory just a little of TLC. 

a.    make sure the fundamentals are in vicinity:

  • automated native archiving of the nightly application backup.
  • computerized elimination of 0’s on your database
  •      automated restructures
  •      The cubes are thoroughly performance tuned
  • b.    make an effort to clear up the litter. PBC is designed to make use of centralized database functionalities, kinds, and guidelines to successfully help the software. newbie admins often circulation far from a centralized model and end up building unnecessary rules and forms. occasionally the number of additional suggestions and forms can balloon into the a whole lot. 

    c.    make sure that your device is properly documented.

    d.    be certain that security is tight. here's especially true for Work force planning purposes that include worker level salary information. 

    three)   Are you getting the most out of the blanketed ASO reporting cubes? An ASO cube is a multidimensional database that's designed for reporting instead of fiscal modelling and budgeting. It helps significant amounts of statistics with a small footprint. The most useful information is that it looks just like a planning cube from wise View. You get the equal drill-to-detail and slice-and-dice functionality that you've got come to predict. listed here are one of the ways my shoppers have leveraged Planning ASO Reporting cubes:

  • GL actuals reporting
  • shop metrics reporting
  • ancient statistics stores
  • HR Analytics
  • each day Flash Reporting
  • 4)   Oracle EPM enterprise Cloud service combines 7 connected EPM services beneath one license settlement and one unified platform. The merits consist of:

    a.    A single user authentication procedure for all seven features.

    b.    a standard seem to be and consider across the services.

    c.    EPM functions that are designed to work together as a totally integrated EPM platform.

    examine in case your firm can take knowledge of one of the crucial EPM features listed beneath to justify the licensing can charge of the Oracle EPM business Cloud provider. I continuously provide “art of the feasible” sessions for corporations who are looking to gain knowledge of extra about some of these functions. which you can reach out to me on LinkedIn.

  • Planning
  • Account Reconciliation
  • monetary Consolidation and shut
  • Narrative Reporting
  • business data management
  • Profitability and price management
  • Tax Reporting
  • Paul Mack is a Director for grant Thornton LLP who focuses on guiding corporations though the technique of setting up both their EPM programs and inner EPM capabilities.


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