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Test Number : 1Z0-961
Test Name : Oracle Financials Cloud: Payables 2017 Implementation Essentials
Vendor Name : Oracle
: 73 Dumps Questions

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Oracle Financials Cloud: Payables 2017 Implementation Essentials certification

How One IT features enterprise Is helping Angola Prep For economic growth | 1Z0-961 Dumps and Real test Questions with VCE Practice Test

New economic stimulus programs in previously conflict-torn Angola have resulted in the emergence of lots of new organizations within the ultimate 15 years across a large spectrum of industries, developing new opportunities for IT capabilities firm Jupiter Desenvolvimento Informático. but the enterprise has been having quandary managing the resulting double-digit growth as it struggles with the inefficiency of antiquated IT company and fiscal methods.

Headquartered in the capital city of Luanda, Jupiter has carved out a niche for itself by means of constructing and managing IT operations for govt companies, public sector agencies, and oil and gas organizations. About two-thirds of its enterprise comes from challenge consulting, utility development, assignment implementation, and techniques integration. The last third of its earnings comes from offering clients with renovation, monitoring, and backup features for his or her IT infrastructures.

established in 2001, Jupiter has earned more than 300 Oracle application construction certifications in commercial enterprise resource planning (ERP) applications, including human capital management, financials, procurement, and assignment management.

on the grounds that 2014, Jupiter has added a couple of new banking and healthcare purchasers and has quadrupled its personnel to be able to manipulate the expanding number of initiatives created through this stimulus. but with lots extra invoices, expense studies, and receivables to manipulate everyday, the mounting workload proved a ways heavier than its increasing workforce may sustain with.

“We used to manipulate all of their belongings, revenues, and expenses using spreadsheets and legacy apps,” says Davi Benedetti, a venture supervisor at Jupiter.

as a result of none of the enterprise’s monetary systems had been attainable from a important location, it changed into problematic for executives to computer screen clients, enforce controls, or validate the accuracy of its income statements, financial position, and cash stream studies.

“As they grew, greater of their information turned into getting entered incorrectly, data were generally getting misplaced, and their total fiscal operation had become a nightmare to manipulate,” says Benedetti.

as a result of individuals of the company finance group saved particular person spreadsheets on their native machines, “economic reporting turned into particularly complex. It took a number of months to close their books,” says Benedetti. in consequence, the business mentioned its financials only as soon as, on the conclusion of each and every year.

Jupiter decided in March 2015 to change all of its economic applications with Oracle Financials Cloud. using the cloud as a single, shared financials administration platform, the company’s finance team of workers changed into able to consolidate all of its challenge revenues, payables, and other financial facts within one or two days, enabling the team to document on performance developments and create rolling forecasts on a weekly, month-to-month, or quarterly groundwork.

“moving from on-premises equipment to the cloud become modern for us,” says Jupiter CEO Adail Cabrail. “It has fully changed the economics of their company.”

The automated accounting equipment, compliance templates, and analytics dashboards within the Oracle Financials Cloud app offers Jupiter’s finance team of workers—as well because the enterprise’s board of administrators—with entry to the device from any equipment, at any place, and helps them make immediate decisions in accordance with precise-time earnings and price records.

by way of liberating up its workforce from having to bring together experiences, validate and cleanse information, and method expanding volumes of financial transactions, Benedetti expects the company’s finance workforce will spend extra time analyzing performance and guiding the enterprise, while its mission teams will spend less time managing interior integrations and more trip within the container producing salary.

As Angola prepares for its 2nd presidential election, to be held in August, the overseas fiscal Fund expects the country to look non-oil inner most sector investment up more than $20 billion, 1 to 2% increase in gross home product (GDP), and a 20% drop in inflation. Oracle cloud application is enabling Jupiter to sustain with its country’s starting to be economy, yet is bendy satisfactory to support manage prices when the financial system plateaus, stabilizes, or slows lower back down.

Sasha Banks-Louie is a company journalist for Oracle.


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