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Test Number : 1Z0-1050
Test Name : Oracle Payroll Cloud 2019 Implementation Essentials
Vendor Name : Oracle
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Exam Title: Oracle Payroll Cloud 2019 Implementation Essentials
Exam Number: 1Z0-1050
Format: Multiple Choice
Duration: 120 Minutes
Number of Questions: 74
Passing Score: 64%

Payroll Concepts
Describe cloud Human Resources and the cloud payroll person models
Describe legislative data groups
Describe payroll statutory units
Create payroll users and roles
Earnings and Deduction Definitions
Create an earnings or deduction element
Explain the behavior of an element
Create element entry business rules
Configure an absence element
Add eligibility rules for an element
Create rules for retroactive changes
Payroll Costing Rules
Describe the levels of a costing hierarchy
Set up a payroll cost allocation flexfield
Configure various types of costing
Perform a transfer to subledger accounting and a posting to GL
Payroll Flows
Copy a flow pattern
Edit a flow pattern
Define parameters for tasks within a flow pattern
Submit a payroll flow
Payroll and Balance Definitions
Configure a payroll definition
Configure a balance definition
Edit payment dates
Payroll Payment Details
Add company payment details
Explain how to configure a payslip report
Add third-party payment details
Employee Level Payroll Information
Add a standard earnings entry earning or deduction to an employee
Add bank account details for an employee
Enter payroll frequency details for an employee
Manage absences for an employee
Explain how to initialize payroll balances
Manage costing for a person
Calculate, Validate and Correct Payroll Processes
Describe the Payroll Checklist
Verify the results of a payroll run
Correct the payroll run details for an employee
Submit and verify the results of the payment process
Confirm the status of the payroll flow
Verify the results of the costing process
Describe how to reconcile the payroll

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Oracle 2019 test contents

Oracle and SAP’s secret competitor | 1Z0-1050 Latest subjects and test Questions

Oracle and SAP’s Secret competitor Image by Robin Higgins from Pixabay-

Oracle and SAP’s Secret competitor Image by Robin Higgins from Pixabay-

below their competition over Cloud function and consumer numbers, Oracle and SAP have an opponent they don’t focus on – and for first rate intent.

now and again, what an employer is talking about is enormously less entertaining that what they’re no longer speakme about.

ERP giants Oracle and SAP are engaged in a longstanding Cloud war. Their advertising is committed to the Cloud warfare, who they’re competing towards, and how their Cloud options examine. This ongoing feud is the subject matter of alternative for the time being.

What the companies don’t focus on is the different competition they face of their biggest income move: assist and preservation prices for applications and databases. For just Oracle alone, its purchasers spend an estimated 15 billion GBP on product help, yearly.

who is the other competitor?

Third-birthday party help is Oracle and SAP’s leading competitor when it comes to providing guide on their application. Third-birthday celebration support used to just fill the gap for unsupported legacy systems, besides the fact that children more and more customers are moving to third-celebration guide with more moderen models of Oracle and SAP, because the can charge-saving chance and more desirable high-quality of carrier has driven these enterprises to consider third-birthday party aid for his or her full estates.

This presents a hazard for Oracle and SAP, as their aid prices kind the biggest portion of their salary. The profit margin is approximately ninety%. Why? because the mega-vendors only ever raise their guide fees while reducing the stage of assist provided for older models. even though an service provider continually upgrades, it may possibly finally end up paying hundreds of thousands each year for the same assist provider it had when it first started.

in the meantime, third-birthday party assist providers promise to in the reduction of an business enterprise’s assist fees with the aid of as a minimum 50%. None of that guide cost goes to Oracle/SAP; a consumer switches, and that income of hundreds of thousands-a-yr for the companies dries up.

Why don’t Oracle and SAP talk about it?

In early 2020, Oracle’s Larry Ellison made a daring declare that Oracle would “steal” some of SAP’s better consumers.  In September 2020, SAP’s CFO Luka Mucic went on list to announce SAP hadn’t lost a single client to Oracle.

naturally, when it involves facing the competitors, both Oracle and SAP aren’t afraid to communicate their minds, and these interactions may also be rather wonderful to follow.

but via taking part in close attention to the market, you be aware that on the remember of third-birthday party assist the mega-vendors aren’t somewhat so vocal. as a substitute, the vendors are focusing their efforts on establishing software-as-a-service (SaaS) contracts which lock in consumers, and infrequently make it unattainable for them to switch to third-birthday celebration assist. Of route, that doesn’t come up in earnings discussions and negotiations. It’s “just a accident” that consumers on these contracts will haven't any choice to the companies’ aid.

If Oracle and SAP are always so unafraid of speaking out against opponents, why go cloak and dagger for third-celebration aid? in place of speakme out towards the provider, as a substitute they put in force greater passive ways of blocking it out.

It’s reasonably simple. The more news reports they create, the more Oracle and SAP draw attention to the leading probability to their greatest earnings streams.

How Oracle are treating the greatest hazard to their support gains

Oracle hasn’t dedicated to being fully silent on the matter, besides the fact that children. On Oracle’s web page, the vendor has created a crusade against third-celebration aid. This comparative content primarily specializes in three foremost elements: protection, great of service, and compliance.

besides the fact that children, as with all evaluation between two opponents, you deserve to be aware of the difference between a sales pitch and the fact of the circumstance.

1. protection:

Oracle say: “safety represents the optimum diploma of enterprise possibility. Third-party utility renovation organizations are unable to write down certain application patches because they lack access to the relevant source code.”

The truth: The typical patching formulation comprises Oracle featuring protection patches on a quarterly groundwork, sending a normal update to all valued clientele in Premier help. carriers fix security flaws at the source, so these patches are utilized without delay to the Oracle equipment. This system takes loads of time (whatever thing which you can’t manage to pay for when patching for a vulnerability) and risks destructive functionality.

The delay is brought about by using a combination of Oracle’s time to create the patch, anticipating the quarterly unencumber, and then purchasers taking time to examine and apply them. Oracle justifies its own part in the process by way of recommending consumers to remain on “actively-supported models” and to follow these fixes “right now.” (Translation: “any delays aren’t their fault and keep on upgrading.”)

Third-birthday party guide providers don’t depend on the ordinary patching system, and instead use ‘virtual patching.’ This protection answer protects with the aid of presenting a digital ‘fence’ across the network which sits outdoor of all Oracle programs – including purposes and databases – and protects against assaults coming from each inner and out of doors the employer; besides the fact that the attacker is inner the organization, they're nonetheless backyard the fence.

A key difference between these two methods is, via ordinary patching, shoppers are reliant on the dealer to supply patches – in this case, every three months. And even when the seller patches arrive, every one requires the enterprise to check everything on the equipment before taking it reside. frequently, enterprises shop them up with the intention of doing a large patching activity; except they hardly ever get circular to doing it, because the systems are usually internal their firewalls and they consider the chance is minimised.

therefore, the ‘trap 22’ of average patching is since it takes time, businesses customarily don’t do it and leave themselves prone – and hackers are aware of this.

The answer is to have a fence that will also be patched within a day or two and wishes no regression testing. in view that digital patches can arrive in days, the fence is bolstered inside days, and third-birthday celebration suppliers can protect their shoppers in a good deal quicker time.

meanwhile, all the way through the lengthen between a vulnerability being identified and a patch being applied, Oracle’s customers are left severely at risk. If “safety represents the optimum diploma of business chance” as Oracle suggests, then establishments need a safety answer with a quick turnaround.

2. first-class:

Oracle says: “no person knows the particulars of a software program superior than its developer. [Third-party companies] don’t have comprehensive capabilities of the application.”

The truth: whereas it is correct that software providers have an in-depth capabilities of their personal products, Oracle and SAP would not have the monopoly on IT consultants. people movement around – it's a competitive market, in any case.

The reality is that there's an important wealth of consulting, technical, and in-residence skill internationally. assist Revolution has over 22 years of experience in Oracle and SAP software, and a group of experts each with an ordinary 15 years of journey.

moreover, an in-depth potential of 1’s own utility isn't an immediate ensure for tremendous client service. As just one illustration, both Oracle and SAP aren't willing to decide to response and determination SLAs for their service.

besides the fact that children, aid Revolution has SLAs for each response and determination, with their price-adding assist capabilities defined by way of ITIL techniques. they are additionally prepared to provide their purchasers with carrier credit as recompense, should they miss their ambitions.

When referring to the fine of provider, Oracle also likes to point out its ‘international operations’ with ‘engineers obtainable around the clock.’ international coverage isn’t particular to the seller either. help Revolution has offices in the UK, India, Dubai, and Russia, all working to supply 24/7 help global.

As an awful lot as Oracle and SAP may additionally like to accept as true with that their guide provider is the optimum in nice and product skills, the very existence and exponential growth of the third-party help trade reasonably obviously suggests in any other case.

three. Compliance:

Oracle says: “Any gaps in utility updates can affect your enterprise’s means to agree to regulations and its own governance guidelines.”

The truth: This concept seemingly stems from the outdated point, “nobody is aware of software like its developer.” Third-celebration help has been a booming trade for the last 15 years or so, and it’s predicted by Gartner that the trade’s growth will handiest proceed:

The third-birthday party software assist market will develop from $351 million in 2019 to $1.05 billion by means of 2023 — a 200% enhance.

Already, valued clientele starting from significant executive and multinational banks to suppliers with international networks have switched from their supplier’s support mannequin to a third-birthday celebration aid issuer. The range and reputations of these enterprises quite succinctly proves that third-celebration aid is sophisticated to supplier guide, massively popular, and growing to be abruptly.

Oracle claims that third-celebration support “can’t deliver fixes for every thing” and that its vendor guide can. although, whereas it is viable that Oracle can deliver fixes, it gained’t in case your agency chooses no longer to upgrade.

Mark Smith, CEO of guide Revolution

Comparatively, third-birthday party guide providers can supply all three kinds of patches – BAU fixes, security, and legislative – assisting Oracle (and SAP) items notwithstanding the vendor now not supports it, and not using a upgrade integral whatsoever.

whereas the providers usually taper off their support functions because the items become older, they hold customers in top rate help no rely the utility’s age.

are looking to understand extra about third-celebration assist?

despite Oracle and SAP’s efforts to (quietly) combat this becoming trade, the uptake of unbiased third-celebration guide is expanding 12 months-on-yr. more establishments are becoming privy to the cost-including merits that third-celebration help can obtain.

for example, one everyday agency within the banking and fiscal industry crucial to reduce help costs for its Oracle Databases, while preserving its utility on its current types. the usage of third-celebration assist, supplied via help Revolution, the employer was able to attain its targets:

aid Revolution stored us on the database edition they wanted, they drastically reduced their hastily escalating Oracle guide invoice, and they did all of this and not using a reduction in provider first-class.

charge & Procurement supervisor

For this enterprise, and so many others, third-celebration help offers a chance for establishments to keep away from supplier-mandated software improvements (or easily defer them except a greater suitable time), get hold of more suitable service & help, excited by 50% under their previous can charge.

It doesn’t always imply that third-birthday celebration support is the answer for all enterprises, but many certainly can benefit from the provider. on the grounds that the have an impact on made through the pandemic and subsequent recession, every company at present shares one precedence of saving important finances. That’s the place it turns into a good idea to investigate the option of switching to third-birthday party help.

Gartner advises considering that third-birthday party assist

Gartner advised that organizations accept as true with third-birthday celebration guide as an alternative, even earlier than the pandemic begun, as a method of making mark downs and maintaining legacy, on-premise software supported.

of their 2020 market guide, Gartner document on the motives behind the raise well known for third-celebration help, and lists the providers regarded to be the optimum options presently available in the market – together with guide Revolution.

down load your free replica of Gartner’s 2020 market guide

Support Revolution

Support Revolution

aid Revolution provides Oracle and SAP clients with foremost-in-category software support and preservation, in spite of the utility models they personal. support Revolution believes that enterprises like yours are being held hostage by using Oracle and SAP; paying too lots for software help and maintenance and being pressured into unwanted improvements. Their mission is to cut your Oracle and SAP preservation fees in half, while offering you with a far better excellent of service and liberating you from the necessary Boost cycle. They aid you to redeploy cash from preservation to innovation – investing for your own future.

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