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What is the role of Oracle Fusion Cloud ERP's Intelligent Document Recognition (IDR) feature?
Comprehensive and Detailed
IDR's role is:
* To automate supplier invoice data extraction (A): Scans and extracts invoice details (e.g., amounts, dates) for touchless processing.
* Track employee expenses (B): Handled by Expenses.
* Manage customer collections (C): Part of Collections.
* Reconcile bank statements (D): Managed by Cash Management.
This reduces manual effort, as per the training.
Which two are key benefits of using Oracle Fusion Cloud ERP's Dynamic Discounting feature?
Comprehensive and Detailed
Dynamic Discounting benefits include:
* Improved supplier relationships through early payment incentives (A): Suppliers get paid faster, strengthening ties.
* Optimized cash flow for buyers (D): Buyers save via discounts, improving cash flow.
* Automated customer collections (B): Unrelated to discounting.
* Reduced manual data entry (C): Related to IDR, not Dynamic Discounting.
These enhance financial efficiency, as per the training.
What is a key benefit of implementing the Capital Project to Asset process in an organization's financial management system?
Comprehensive and Detailed
A key benefit is:
* Provides a structured framework to manage construction in progress costs, enabling efficient cost management and precise financial reporting (C): Tracks costs during asset construction for accurate capitalization and reporting.
* Demand forecasting (A): Unrelated to this process.
* Depreciation expenses (B): A downstream benefit, not the primary focus.
This improves financial accuracy, as per the training.
What is the key benefit of embedding OMBPs in a Starter Configuration?
Comprehensive and Detailed
The key benefit is:
* Provides a Standard Configuration that supports solution-led implementation (A): OMBPs (Oracle Methodology Business Processes) in Starter Configurations offer prebuilt, best-practice setups for rapid deployment.
* Fully Customized setup (B): Not the goal; focuses on standardization.
* Third-party configurations (C): Not supported in Starter Configurations.
This accelerates implementation, as per the training.
Which two are key features of Oracle Fusion Cloud ERP's Financial Reporting tools?
Comprehensive and Detailed
Financial Reporting tools feature:
* Real-time dashboards and analytics (A): Provide instant insights via OTBI.
* Customizable financial statements (C): Allow tailored reporting formats.
* Automated supplier invoice processing (B): Part of Payables, not reporting.
* Employee expense tracking (D): Managed by Expenses.
These enhance reporting flexibility, as per the training.
