Transcript for:
Overview of Oracle Fusion Financials

okay so if somebody is from some EVS background Oracle applications for them maybe like uh more or less um it would be some known information but still I'll tell try to include some good stuff in every session and every aspect of discussion so now just I am trying to cover like the people who are very new who are experienced and all all the aspects will try to focus if you say you have some EVS experience no worries you can attend the classes and I'll compare each and every point with that EVs and I will cover if you are from some other backgrounds and the technical background or DBA or Etc you may be fresher no worries I'll take care of everything from the scratch in all the aspects I'll just focus and I'll try to make you to understand in the better way still if you have any questions whatever we are going to discuss you can stop me and you can rise your questions yep we'll see that the first point let's talk about this course what is the course now we are going to kokasa that is vision cloud financials this is the course name in this course what we are going to learn we are going to learn applications okay this is a course name we are going to learn Oracle Fusion Cloud financials so what is this Oracle Fusion Cloud financials this financial these Oracle Vision Cloud financials are applications so now we'll understand the each and every term meaning okay so I don't take much time already if you are aware of I'm really sorry wait for some I will get into the other points what you should understand really but as interaction let me take you through all these parts the very first point is what does it mean by Oracle okay it's very simple is the database so the company started their business with the database and for the database they named their Company the company name only they used as a Oracle database okay the company name only they just mapped with their product name that we are calling as foreign you know the purpose of database okay with the database what we can do is we can store the data if you want to store the data you should know the SQL language but nowadays without knowing SQL language also you can store the data in the database how with the help of applications you can do what is the meaning of application when I talk about meaning of application it's very simple so I will have certain forms okay you will have a certain form so say you have one on phone let me take two forms so this is something related software in one data form this may be related to payment related for form within this invoice forms you can have a different fields who is the supplier what is the supplier address how much amount we have to pay when we have to pay the same way the payment form or payment page you can have a details to whom we are paying how much amount we are paying through which bank account we are paying all the details you can now so say you have a database so here is your you have a database so for each form you can have a tables within the database now what we can do is now we are not going to do this just for information this form is can be connected with the database now what happens is within this invoice form what are the data you render that directly you can save that will go to database now if these pages are not there everybody should know the language called as SQL structure query language okay you should become SQL expert but because of these forms anyone can enter details invoice details in this page and they can save it they can submit it goes to database anyone can enter the details related to payment that we can store in the database now our job became very easy because of these Pages if these pages are not there you should know SQL language so with this Pages simply you can enter into save now say you entered 100 invoices you entered 500 say 800 100 invoices and you process 10 payments total information is available in this database now you want to see today total how many invoices you just created how many payments you processed you want to know all this all those details if you want to know all those details what you have to do is you have to run the report okay so you have simple point just to store the data in the database we are using these forms with this Pages we are inputting the data into database what are the data we have in this database if you want to see the data we are using the reports concept with uh for Pages or you can call it the forms you can save bombs or pages sorry Pages I'm facing a challenge in hearing your voice so maybe an activity issue from your end better you can disconnect let's continue so with in these Pages it could be invoice related or payment related or Supply related or customer related doesn't matter with help of pH or forms we can input the data into database and water the data is available in the database if you want to see you can see through these pages also but you can see very limited information if you want to see the complete information you can use the concept called as reports the combination of these pages okay database and reports only we call AS application application application means there should be some set of Pages or forms and database this is what we have to understand as what does it mean by application okay so pages are forms to input the data and to store the same data database is required and to see the data whatever we have in the database we need reports the collection of or the set of these three components only we call AS application now take example there is some purchasing department in our company okay purchasing department the purchase department they do different activities related to purchase so maybe they are doing some connectivities so we may have 10 pages to store the data and there'll be database okay and there will be reports related to the same activities so the pages and reports if the pages and reports or belongs to purchasing department and currently anyway the data will store in the database for purchasing department what are the pages we are going to use what are the reports we are going to use that we can call as purchasing application okay that means the pages are forms we use for different different departments all the pages okay all the reports what we are using for purchase Department that we can call as purchase in the application okay that we can call as purchasing application if payables department is going to use some set of pages and reports anyway database will be there for every application so if purchase department is going to use certain pages and reports that we call AS payables application if some assets department is going to use some set of pages and reports that we call as asset application this is how we have this is a point we have to understand which is related application any questions on this point exactly of this point please only on this one don't we don't need to touch other areas of information that anyway we are going to discuss so any questions from your end to understand what is the meaning of application this is what application means set of pages database and reports you can say every Department we use one application okay because every department they do some collectively some different classified activities so that is the reason generally for each department we can have a separate application any questions here please foreign [Music] languages it would be as well as something else because this forms or pages and all these all are built with SQL and wherever it is applicable with the different languages and these reports also okay there are still a lot of different languages when we learn this course we are going to work as a functional consultant that means we never get into some technical stuff writing the coding programming Etc so these all will work with the help of SQL or some other languages but we we don't need to have a great understanding about those anyway those are built those are ready to use is building all these as a consultant we have to learn and we have to tell them how to use and we have to help them okay these are built with the different SQL and the different languages we don't need to aware of those languages how to manage how to run out all those things it's very simple running the report is you have to click click then report will be displayed we'll see in the session but we don't need to do anything we don't need to touch any programming path yep but there is a small point which you have to understand and we will discuss that but on the high level take this point we don't need to write any program these are ready see to create invoices there is invoice form we don't need to create an invoice form or at least creating and Oracle is providing we should know how to enter the invoice in this how to enter the payment in this to create the invoice on the payment to enter the invoice details in this page under the payment details in this page what else we have to do we have to understand that would be complete information for us and still there is some other points also once we get into that we'll discuss now it's very high level and the reports we don't need to create any reports as a consultant if any reports need to be created technical consultants will create not we we are not going to create any reports technical people will prepare so what are the reports are available those we should have what reports are available and of how to use those reports it's a very simple task that will work on those any other questions please foreign yes and current program thank you yeah thanks so um I mean so our main function is going to be uh the uh entering the data in invoice forms payment forms so uh you are saying that we are not going to do the uh things related to reports uh am I right uh yeah I'll I'll give them more clarity on this take example there is a payables department in on company in tables Department what they do basically they'll create the invoices right they'll cross the payments and they'll manage the suppliers vendor management same and they'll maintain the setback accounts take this example what papers department is doing they are creating as a part of behav's department they create the purchase invoices and based on the due date they'll make the payment to create the purchase invoices they have to maintain the suppliers vendors and when they are making the payment they have to process the payment with the background say payables department is responsible to create the invoices to pass the payments to maintain the suppliers information now once you when you are learning this product what we have to learn is say within the invoices there may be different types say 10 types of invoices are there maybe just for inform our understanding I'm giving these numbers reality you will see when you are working on this product say four type of payments are there maybe three type of suppliers are there and maybe two types of organic Concepts now in our classes we'll understand how many type of invoices are there and what is the purpose um generally you are actually providing this functionality by understanding the global business practices if any company is going to use Oracle payables application so they can create these many type of invoices these many type of payments these many type of suppliers there's many type of bank accounts involved we are going to see in case of Oracle how many type of invoices we can create in payables application and what is the purpose and how to create how many type of payments we have how to create those how to process it how many type of suppliers we have and what is the purpose and how to create how many type of bank accounts we have what is the purpose and how to create in the system how to use it all these will understand and again to use the payables application we have to set something say you purchased easy okay it is at your home now but you have to install Ace is ready okay but we have to install the same way the applications what we are going to use those are ready that is a ready-made product okay ready to use but as a consultant we have to set up say for your client whether 10 type of invoices are required only four type of invoice are required for your client four type of payments they want to process only two types forever's a client only one type of supplies they need are two types of three dash whether they need two type of bank accounts or more than that so this and all we have to understand accordingly we have to set up that application we call as configuration please go on mute somebody unmuted I could hear some noise please if you have any question yes unmute advice but when I am explaining please don't unlock okay configuration or you can call as setup it's very simple don't think there will be some complexity or programming nothing okay how you arrange the things in your home okay when you go to supermarket you'll buy a lot of stuff once we get that stuff to home we know where to place what to place what we have to place where the same way within the papers application also as per client requirement what they require and future save total 50 features are there for example in the payables but as per this client business how many they require we will select okay only 20 is required within those 20 what they require we'll set it it's a very simple task very simple task in our classes will understand very detailed level that we call as setup our configuration for every application as per the business we have to do the configuration or call it as setup then we have to understand how many type of invoice how many type of payments except in our classes we'll understand everything but when you work for your clients what exactly they need that only you can Implement okay that only you can implement this you can say configuration or setup or implementation also okay you can say implement we have to implement that so in payables if you take example of payables application in payable supplication there may be 50 Futures Oracle is providing in our classes we learn all those but when you are working for your client your client may require only 20 yes you know of 50. you can tell them how to use just those 20. brother may require 30. you already know 50 how to use those 30 easily you can tell them so this is what you are going to learn just for every application how to set up as per business and you will will tell them how to use that different features in the specific application so and when they are using if they come across with the small issues we will help them because we know in and out of the product once we complete this course we'll become expert in each and every application so easily you can set up okay any application you can set up and you can tell them how to use each and every feature but reality each and every every feature you no need to tell them but we are going to learn what are the features they want to use as per their business you will be able to tell when they're using if they come across with a small issues or big issues whatever you call you can help them because as a consultant will have a full access to the system as a business users they will have a limited access so that you can check everything in these classes you will learn everything you don't need to worry about okay how much we have to learn how much how we have to do everything you'll come to know I will just take you through the very very detailed level any other questions also yes we'll discuss and we'll work on it okay you will get complete information to work as a Oracle Fusion financials functional consultant what level of knowledge and skill set you require I am going to take care of it so this is what we have to understand any questions on this place yep yeah one question Mr lushman this is Ramesh you see basically are you going to cover the payment management and other management application management you'll see and when you talk about order management order management is not part of financials we are going to focus on financials but when you are dealing with the financials it's a for financials order management is a neighbor neighbor application yes so we should have a basic understanding that level of knowledge I am going to cover when you are going to work as a fusion Cloud Financial function consultant being a financial functional consultant what level of knowledge is required in other applications that also I am going to cover payments is part of core financials oh okay thank you yeah fine yeah highlights one yeah please so as you mentioned their configuration you know it's class setup so uh is it a kind of a system setting that we are going to deal or uh do we need to fill something in invoice I mean the window that has been provided by the Oracle yeah it's almost one time activity for every implementation and those can be at any time as per their requirement need are we going to have any kind of documentation pertains to the terms now that you have mentioned that supplier uh bank accounts invoices and all yeah everything we'll discuss I'll write in the spreadsheet very detailed level okay the setups are Concepts each and everything I write the concept if you want to implement that what setups you have to do what process we have to follow everything and I'll I'll provide some additional documentation also okay thank you so much thank you so much thank you bye okay what we are trying to understand is application the meaning of application is set of pages reports and database you take any application Facebook department will use payables application the civil's department will is its receivables application cash Department can use cash application or other department can use order application purchase Department every Department very generally you could see every department they will have a separate application to manage their Department related specific activities what they do inside of the department or what activities they do with outside parties also the complete Department related activities to capture into the system we need one application so that's a meaning of application now here we discussed about Oracle what is the meaning of Oracle you can say database in other words we can say company now let's take as a company only for our discussion but other side it's a database now we discussed about what does it mean by working we're done with this another one is application okay applications is a plural simply say application one application we are talking it could be any now what does it mean by Oracle application simple already discussed Pages reports and database only we call AS application if this application if any application is developed by which accompany with that name you can call it says some applications are developed by IBM those we can call as IBM applications those are developed and they are just providing they are giving in them their customers or clients whatever you call the applications which are developed by applications which are developed by which company we can include that name as a prediction you can call now the applications which are developed by Oracle you can call as Oracle applications the applications which are developed by Microsoft you can call as Microsoft application the application chart developer IBM you can call as IVF applications that's it okay the application means these are the points we have to understand the second Point means which applications may be purchasing application payable application forget about purchasing or payables who developed those applications the company name you can include now we are going to see the applications which are develop Oracle so those we call as Oracle applications okay it's very simple paracle application when you talk about Oracle applications again what terms all up okay that also we have to understand now let's talk about financials what does it mean by financials so in a company we do different different activities three simple so we'll do the payables activities okay and receivables or activities let me write I'll explain and cast related activities that's a related activities very finely there is something else we'll discuss but in this case this information is more than enough so payables Department what they do they'll get the invoices they'll maintain invoices fortunate department but do the purchase activities the purchase department will pass the invoice to payables Department saying please cross the payment then these people will make the thing the payables department this is all I'm calling as the Departments okay the payables department responsibilities key responsibilities I am talking when we work on these applications we will discuss very detailed now just for our understanding purpose let's take very key points the payables department responsibility is creating invoices and across in the payments the receivables department responsibility is maintaining the sales invoices why isn't the sales advice or you can call it building and customer payments nothing but receipts cash Department responsibility is maintaining the bank accounts huh bank statements reconciliation okay under the department responsibilities it's nothing but fixed assets they'll maintain the fixed assets and they'll calculate the depreciation say we have one vehicle so we purchased so if the asset is belongs to company they'll maintain in their books as a fixed assets once we use for one year the value will come down okay the depreciation if you purchase the Land There Will Be appreciation these are all information as a department has to maintain so I'm just taking few departments names for our discussion okay the tables department is responsible to maintain the invoices or you can call as purchase advices okay here you can say purchase influences the payable department responsibility is maintaining the purchase invoice and crossing the payments the service department uh responsible days maintain creating the sales invoices that means billing to the customers and once customer will make their payment they will receive it that we are calling as a receipt this you can call us as receipt a customer payment anything you can call and cash Department responsibilities bank accounts maintaining the bank accounts are performing the bank statement reconciliation we will discuss these all very very detailed level before we get into that maybe in two three sessions we'll come to know detail level what exactly payables Department the Civil Department how they will have a communication reality what are the terminology we use to understand those points I'll take you through all those very soon in two three sessions we'll understand all the response so cash Department responsible is maintaining the bank accounts and doing the bank statement reconciliation what does it mean by bank statement reconciliation how we do all we'll discuss as the department responsible is what are the assets they have in the company all their maintain and they'll calculate the depreciations or appreciations so if you notice here if you notice your tables department is dealing with a money right payments the service department is dealing with the receipts that means they are receiving the payments from customers they are dealing with money and cash Department directly they are made in the bank accounts they are dealing with the money asset Department there is no money directly but fixed assets easily you can convert okay the liquidity easily you can convert from fixed assets to the money just you may sell the property you can get money so there is a liquidity okay you can convert assets so if you notice you are these four departments is dealing with the money related matters okay here money related matters that is nothing but these four departments are dealing with the finance related activities okay so that is the reason these four departments falls under finance department so finance department so since these four departments are dealing with the finances you can call as okay financials related departments finances means where Money Matters involves those we can call as a financials so these four departments are dealing with the money so these four we are calling as financials as per Oracle there is one more Department also which they frame to manage all these four departments that we'll discuss later for now take this one this is the meaning of financials okay this is the meaning of financials and again we have some other applications say for example of changing application okay purchasing department order Department and inventory Department these are the Departments see these departments are dealing with the money so these departments we are calling as a financials if you notice here the set of departments we are grouping and we are giving some name RS for each department we have separate application for each department we have a separate application so receivables we have a receivables application for pay payables we have a payables application for cash we have a cash assets we have as a different different application we have so we'll we'll take those names also very soon simply for now you can take this we call as a financials with the Departments or which applications are dealing with the Money Matters those we call as a financials here if you take example okay purchase Department order Department inventory purchase department will purchase and will place the medal in the warehouse inventory order Department they'll get orders and they'll sell the material to customer with the help of purchasing will get the material into inventory with the help of order department will sell the material to the customer that means influent outflow so it is some cycling activities continuously should happen whenever we need stock version department has to purchase when our stock is available our department will sell to the customers this you can call a sales department also if you don't want to call it as an order you can't Auditors sales so this is how we have a department so so these three set of departments you simply you can say supply chain related Department activities okay to manage the demand and Supply just the demand when there is demand patent department will purchase when there is stock availability so sales department will involve in the supply activity they'll supply to the our customers so this we call as a Supply Chain management see if you notice here some set of very relevant applications we are grouping and we are giving some name the same way there will be some Department related to HR human resource there could be other department called as payroll department there could be some uh some Talent options management time management these are the different different activities where you can see in as a part of human resource management so these are not only these there are few other uh departments also this is all you can call as woman Capital Management okay these are all are comes under resource related employees employee related departments one department will take care of may be recruiting the people and all maintaining their records and other department payroll department will take care of paying the salaries and other part and talent this is how just we have a different different functional areas in each and every business key process so these are all like setup departments we are grouping and we are giving the names this you can say okay different classifications all the Departments we are classifying these are the finance later departments these are supply chain related departments these are common Capital Management Department this is how we are calling the same there are many other also we'll come across we'll discuss again procurement related this is obvious now here what we are talking about is we are going to learn Finance path that means in this course primarily we are going to learn is providing so what are the features are there how to use this path we are going to learn where primarily we are going to see the payables application purchase invoices and do payments how to create purchase advice how to process the payment how many type of invoices payments we have to create this purchase invoice and payments what else we have to understand within the payables application we will see under reports Etc the same way receivers okay as a part of finances we have a receivables application we will use receivables application the company resources department can use the receivables application how they create the sales invoices how they create the receipts how they can set up receivables application to use how to run the reports we'll see so everything is very pretty easy activities we will go very detailed level once we start working on that specific application cash Department they'll maintain the bank accounts undo they do the bank statement reconciliation for cash Department also Oracle is providing on application by using that application we can do all those errors let me write so papers Department what they are doing they have to create the purchase invoice they have to make their payment to do these two activities providing application called as Oracle accounts payable application and short name is AP by using Oracle accounts payable application okay by using Oracle Fusion account stable application we can create the purchase invoices and we can cross the payments what receivers department has to do they have to create the sales and why system they have to create the receipts when they get the payment from customer to create the sales invoices and to create the receipts Oracle is providing an application called as Oracle accounts for receivable by using hierarchical accounts receiver short name is yeah any company can create the sales in voice and do they can create the receipts so cash Department what is the purpose of cash Department bank accounts creation and bank statement reconciliation so what is a bank statement reconciliation anyway we will discuss so they have to maintain the bank account for cash department or actually is providing an application called as Oracle cash management CM you pick the name CM later we'll discuss there is another short name also okay cash Department the responsibilities bank accounts maintenance and the bank statement a consolation to do those activities Oracle is providing Oracle cash management and asset Department what they are doing they are maintaining the fixed assets okay like what buildings they have what vehicles they have what elements they have what computers they have what we treat as assets for company is all as a department has to maintain and they have to maintain the current value of asset by calculating the depreciation so to maintain the assets and to calculate the depreciation Oracle is broadding on product called as fixed assets Iraqis brought in the product called us or acting fixed assets this is how okay for each department Oracle is providing the different applications along with this application say for example now these departments are doing these different different activities the end of the day or every week or every month I want to generate the reports but payables related information will have in the payables application only receivables accounts receiver data will have in the receivables only assets data will have in the asset Department only asset application this this every data will be in the different different applications but I want to prepare one report by consolidating the data so all the data we can take into one place and we can prepare the reports for that Oracle is providing application called as Royal Hill general ledger okay for few people who are aware of this hierarchical applications and all this information may not be required Okay so just wait for some time I'll just we'll discuss the points which even you should understand foreign GL so what we'll do is in these four applications okay these four applications what are the data we have we'll send to this application in this application you can prepare any reports now you can take these four applications or financial supplication these are the four we are going to learn primarily along with this if anything else we have to understand definitely I'll take care of it we have some extent Stacks Etc yes um those also we are going to focus but the primary key applications are these five in Oracle financials these are the five primary applications we are going to learn Oracle accounts payables accounts receivables cash management fixed assets and the generalizer application the same way Supply Chain management in the purchasing department they do the purchases of the sales department they'll create the sales orders in inventory Department they'll maintain the stock and receipts but these also are actually exploring the different different applications the names and all will come tomorrow very soon but now it is not required so this is what we have to understand Oracle means it's a company name or database name application means this set of forms pages and sorry pages of say forms database and reports and financial means hope you got that point okay all the applications all the all the Departments whatever you see that different departments in the companies those departments can be classified as these are the finance related Department section this is procurement related this is human resource related this is something related to projects a supply chain the Departments can be classified into different families okay again those you can have a set of I mean departments simple applications let me take one point the different Pages or forms we are grouping and we are creating the application along with that we'll have a reports and database but primarily this is this path okay if you take example of payables department for payments Department which pages are required those all were at least grouping and they are calling it as application okay set of pages or forms only we are calling as application along with this point you have to remember along with the pages or forms will have a reports and database also as a part of application okay group of pages and forms reports database we are calling as application what does it mean by financials the center of Finance related departments only we are calling as a financials those are nothing but as per Oracle those you call as product families this is a financials applications the supply chain application the sermon Capital management application this is what we have to understand okay so in we have a different different product families Financial Supply Chain management projects human resource human Capital Management these are the different different classified departments those as per Oracle we call as product families when I talk about financials this is a point we have to understand okay so the applications we are talking about which applications Finance applications we are going to learn financials related applications Financial letter applications required for finance related departments for these departments these are the applications foreign those are the applications we are going to learn and we are not going to supply chain management related application so on Capital Management applications but when you are going to learn Financial related applications some basic knowledge is required from suppression management also how to set up purchasing how to create the requisitions purchase orders how to create the sales orders how to maintain the stock how to create the receipts when we receive the medical and inventory and few other activities also will focus on this surpassion management up to the level what are the information we require but our primary focus would be on this financials so here I will write the name these are anarkal financials applications I'm not just limiting to only these applications along with this I'll take you through tax expense Etc but this you have to understand as these are the course five four finance applications okay company how to manage in the finance related information how to manage where they can manage this all these are the applications we can use so that's the meaning of Financial so if you got the point okay here we discussed about Oracle and applications now Finance applications means the applications which you are going to use to maintain a finance related data those applications only we call as a financials applications okay financials application now let's talk about what does it mean by Fusion foreign now I will just take you through simple part let's take any individual as an individual say you want to buy one phone you will go for you may go for iPhone okay so you want to buy ice cream ice creams you may not go for iPhone brand because ice creams are not there or you want to buy some bike you may not go for iPhone because they don't have brand that product they may have that product also say I iPhone iPhone's apple is selling ice creams you may buy may not buy you will go for the brands which are very popular in the market that means if you are buying something if you want to buy something there is no guarantee you will buy everything from single brand in each brand what is very much famous and specialized and best that you will pick the same way if any company is going to buy the software take example one company they are doing Financial activities they need software for financials activities they need software for their procurement activities they need software for supply chain they need software for Human Resource Management okay they need some software from to manage their customer relations so there is one company in their company they have a finance departments procurement departments when it's a departments finances one Department within the department they'll split our activities like which is related to cables it is related resources that's how you have to understand so the stake on Company the company name is XYZ company foreign they have a finance in their business they have to manage the finance data they have to manage the procurement data they have to maintain the supply chain they have to maintain the human resource data they have to maintain the customer relationship you take some example there is a one person okay the person wants to buy mobile okay and some laptop one company wants to maintain the data related to financials procurement supply chain human resource customer in the same way one person required all this one person required all this let's talk about this person the person what they may mobile they may buy from iPhone or Apple or Samsung that I am picking up iPhone car they may buy something say some Honda or BMW laptop they may buy them why this person is not buying all from one brand one first point they may not be available from single time even those are available the person may not like the to buy from the same brand because the person already know about all the brands all the products which products are available from YouTube brand in the the best okay so if you want to buy the mobiles you will buy from happen if you want to buy the car you may buy BMW car if you want to buy the laptop you have to buy but when it comes to companies it's a little complex challenging if any company wants to use applications to manage this Finance procurement supply chain data however this person is picking phone from Apple cars from BMW laptop from Dell company it is not easy to pick soft face from different vendors for finance one Finance they may go for for example I am telling Finance they may pick from Oracle because in overall all the players you see in the market Finance best from Oracle only okay procurement you see in the market it may be good in for example I'm taking JD okay means JD Edwards and supply chain say it is good in aesthetic common resource good in PeopleSoft products okay customer relationship this solution is very good in seating okay so mobile yeah good at the Apple from Apple car you may choose from BMW laptop you can choose from the temp the same way when you talk about any company for their company operations if they need products for finance they have to pick from Oracle because Finance is Good from Oracle company only but I will vendor only and procurement is Good from this vendor and supply chain is Good from sap in sap we have a sales and distribution a domain resource good from PeopleSoft and customer relationship good from civil okay from civil so these are the different areas of the products are good from different different vendors but as a person easily we can pick and we can use all these products from different vendor but since it's a software they can pick from the different different vendors but the point is they can pick but they have to connect all these Oracle products and the JD adverse products and their safety production of peoples of products and perceivable product because in the company across all these area in all these departments there should be communication to run the business process very smooth if they buy these different different products from different different companies it is very challenging to connect okay it's like speaking who knows Telugu the person will speak with other person who knows English the person who knows only English only the person should understand the language who knows only Hindi means the different people different languages if all people knows English they can interact and they can understand if if you take 10 people 10 people knows only one one language but those are different languages you can understand how the communication goes there very challenging so buying the different products for different areas with the different vendors and making them to connect and understands very challenging job the reason the individual persons can dare to buy the products from the different vendors different companies as per their requirement and the companies should most of the companies they cannot dare to buy the different products from the different vendors of course still some companies or few companies are doing but for that there is some sort of solution But ultimately challenging so this is a market situation this is a market situation so if any com if XYZ or company wants to implement all these for their business Finance they have to buy from Oracle software procurement they have to take from JD adverse supply chain they have to take from the so sap sap and human resource solution they have to take from PeopleSoft and the customer relationship from C Bill okay but there is no one specific software vendor who is providing the best in all these that is the reason now what Oracle did is any of your finances or actually product JD adverse Oracle acquired okay and command resource best in PeopleSoft Oracle purchase PeopleSoft and customer relationship CRM is very famous from civil right clockwise civil also and reports reporting solution is best from Hyperion okay so reporting solution is best from Hyperion that also around clockwise this is how if any company wants to use the software product we will discuss what does it mean by Erp and all now you don't need to understand the term very soon we'll discuss okay but this all falls under ER piece why it is we call as erps maybe after two three sessions you will understand now we can discuss about fifty percent of all we can understand let's wait for the time so if any company wants to implement Finance solution procurement solution supply chain solution there is no best Erp to support all this if you take sap may be good in S3 if you take Oracle maybe good in finance if you take PeopleSoft good in human resource management if you take Hyperion they are good in reports and do planning and budgeting if you take C bill is good for CRM solution so this is now each product is specialized in one or two areas only but if you take example Oracle Oracle is providing all the solution from Oracle we have financials procurement supply chain human resource customer relationship reports we have but when we are going to pick take example delis having many products but you may be picking only laptops okay you may not like to pick some something else from the Dell if Dell will come up with the forms you may not buy you prefer to buy the phones from Apple or Samsung or Etc because Dell is introducing the phones you may not show interest okay they have to prove that this is the best in the market so that's how there will be some challenges you however you are picking as individual the same way companies cannot pick the different different uh Erp perks from the different different one vendors that is reason nowadays most of the companies what they are doing is entire their business operations which is very primary they are seeing whether financials is primary or procurement is primary or supply chain if the company is more into suppression activities okay they will focus on supply chain which vendor is born in the supply chain as the best solution they'll pick from that remaining also they have to go with that some companies more into Finance related activities they'll take Finance from Oracle these other areas also they are taken from financials even oh sorry or even they are not very much rich as per the Azure products but this is what happening now what what I did is anyway Oracle is owning the financials they've acquired lady adverse PeopleSoft cable Hyperion they acquired many other Erp best Solutions in the market by combining all these they built on product called as who who built all this product who purchased all this product who acquired all this product work so while I will purchased all the different different dust Solutions which are available in the market from other vendors other software companies and they built the product all these okay what they did is from all right once again let me complete few points then we will go with your questions David Finance from working they took two minutes from uh JD JD across they took human resource solution from PeopleSoft please go on mute they picked please go on got it okay they picked CRM solution from civil they taken reporting and budgeting solution from hiberian now however one person picked mobile from iPhone car from BMW laptop from Dell that means he's going to enjoy all those products if all they are going to pick from uh tell only the products may not be up to the mark okay so which is the best from which brand accordingly one person is speaking now what what I call it is instead of customers if any company is going to pick it is a big challenge for them that is the reason what varaculate is warranty picked best solution for different different areas and they Club all since they clubbed all that we are calling as Fusion who did that Oracle within this all these what are these These are the applications okay these are the applications all right confusion applications a royal confusion applications means the applications are ruled by Oracle okay an application meaning we discussed and fusion means what they are not going to give this product from Legacy of single product what is best in which Erp those all erps they purchased in which Erp which solution is good they picked and they clubbed now if any company is going to use Oracle Fusion applications for finance what they are going to use that is the variety loan product Only Human Resource the Legacy the real product is from PeopleSoft but you will see other Fusion application only the CRM solution we will see as a which Oracle is using in the fusion applications is evil the report solution what they are using in Oracle Fusion application that is from Hyperion okay uh and projects if companies doing the project related activities okay PPM project portfolio management PPM okay the PPM project portfolio management they they taken from the different vendor this is how just from the different different vendors okay this you can simply take care people project management okay so this PPM that taken from if you want to understand the value okay VPN project portable management solution is best in the market from the primary way even from organizer project PPM is there projects related solution is there but when you compare Oracle solution with the primavera Primavera is the best okay so this is a almost all the best solutions they purchased the club ball they build application called as Oracle Fusion applications if any company is going to use Oracle efficient applications within Aura confusion applications they are going to use financials Financial is available as the best okay financials is available in the best and if they are going to use PPM solution PPM installation Oracle is taken from the Primavera product and they are using here and because they are using here what are the reports you will see in the fusion applications those are from Hyperion products say civil civil CRF customers CRM solution from the Civil that you will find in the fusion PeopleSoft Human Resource Management you can call it HCM once again we'll discuss all these points okay CM solution is available in the fusion from PeopleSoft procurement okay the sales and distribution from different different other erps they picked and they are using now if any client is going to use Oracle Fusion application simply we can say they are going to going to get very best in the current market that is a meaning of fusion fusion means clubbing they fused everything into one what they've used into one different different Erp products within those different different Erp products the best Solutions okay the best Solutions the club and they build the product called as foreign Fusion applications whether they created this product no just selection when you go to supermarket we are not Manufacturing in the sober Market what we are doing we are picking somebody will manufacture somebody will do the packing somebody will do the process once everything is done those would be available in the supermarket then we'll pick into our basket that's what warragul did what is the best when we go to supermarket what we need we pick the same way what work it is what is the best in the market for any company they purchased now that they are providing as a Oracle Fusion applications so this is the meaning of fusion what we have to understand any questions on this place will wind up the session in 10 minutes okay 10 minutes will wind up the session okay before we proceed with other points any questions from anyone to understand what is the meaning of future this is what we discussed just now Fusion means probability fused Oracle Club the best Solutions which are available in the market from the different erps they've purchased and they did please yeah Mr lakshman this is Ramesh again I would like to know what all the job fair it is available for financials I suppose after completion of this thing what should I prepare for this what he said for financials what are the job titles so once I go out to this course yeah some others also let's go on mute I'll answer your question okay once you learn this course you will get a title okay Fusion cloud financials consultant or simply you can still you can include if you want to include something else in this you can say Oracle Vision cloud financials functional consultant okay or else simply you can say uh kill cloud financials consultant very high level this is so actually this is what we use generally we more or less you can find everywhere or actually Cloud Financial Consultant okay sorry is it different from implementer do we have any implementers one second I am coming to that these are the titles Financial Consultant you can involve in implementation activities or you can involve in the support activities or upgrade activities whatever you want to do no issues you should know the product now once we go through the classes you will understand the product if required even work as implementer or else already once said with you say a client somebody implemented some client is already using then you can work as a support consultant they want to upgrade to latest version you can work in the upgrade activity once you learn this product now any role you can play related to this product implementer you can call when you are involving in the implementation project you can call as implementer okay season Financial Consultant implementer you are if you are working for some support project they are using they are getting some issues you are helping because you know product very well in and out you know Complete product they don't know they know just how to enter in voice how to make the payment but you know enter payables okay so then you can help them or actually came up with a new release now we are in the release 13. tomorrow Oracle may come up with the release 14 15. there will be for few tasks which we have to do as a consultant everything Oracle only will do few tasks in that when you involve in that activity you can say upgrade related activities you will involve that's all yep but being it is a cloud do we need to do upgrade activity personally no no we talk about this point we are going in depth which is not which is not I mean others are not aware maybe few people let me just simply answer do you know how to do the upgrade activities maybe I saw somewhere no no no no idea no idea I'm the first step even it is okay maybe it may not take you out there will be certain things what we have to check that we will check the shop that we are calling as update upgrade will be done by or iCloud they will do it you have to stand there we have to see there we have to check it that's all what exactly how that is we will discuss anymore yep yeah please so as a Oracle Cloud consultant are we going to work in all the Departments or working in one department is sufficient real time yeah so it totally depends on the client so you are working for a very big client let me take simple examples here okay these are the core Finance applications so you completed this course you joined in one company you are going to do the implementation to whom you are going to do the implementation the client is very small clients then you may work on these five applications or else in us there may be team two members maybe you may work on this GL undo AP and they are other parts may take care of this but client is very big okay a client is very big in that case for each application you will have one consultant client is very very big okay say they have operations in 100 countries too much complex okay you could say for AP only 10 members t or five member state this is how it will be okay based on the complexity of business we don't need to worry about how the companies are dying what we should aware is products if you know the product let them ask to do whatever they want so whatever possible with this product will do that that's it so it depends all five may be managed by one person maybe five maybe manageable two or three or each one can be managed by One Finance consultant or else one product can need to be implemented by 10rp equal team also again depends whether this implementation we are doing for only one country or multiple countries etc etc etcetera yep this is how it works good morning yeah what could uh you know uh General durations for a particular project is it could be the downline to one year more than one year I I mentioned a few points whether you are doing implementation for one country or multiple countries and again that implemented only finance or many other applications also supply chain human Capital Management and the client business process is very complex or very plain simple business process or whether they are going to use only Fusion application Oracle Fusion applications or many other third party applications also some other applications also you have to connect to those applications technical people dependency waiting time it depends let me give you some time it takes for some clients it will take six months hello client sitting one second one second please for plants maybe 10 months some clients maybe one year maybe two three four five years sometimes what they will do is they'll go face by face first they'll do for one country or else two countries the duration may be six months or ten months after completing those two countries they'll go for other countries One More Country One More Country this is how it may keep going or maybe they have operations in Hunter countries under countries implementation you can guess how much time it will take maybe 5 10 15 20 years also okay that's how it totally depends on many factors like size small or medium or large scale client or Global operations if Global operations in how many countries are only in one country okay or else only one country but complex business process or simple business work any many factors call to decide the time simply we cannot say but I get on and average in the market most of the implementations you can see with this period six to ten ten months but some companies are trying to finish with three to four months also with the cloud that is that we have been seeing you know many layoffs so the project you know duration is going to be six months ten months at most one year so can we experience you know kind of layoffs if you know this Oracle decision Cloud will be in the demand No Doubt yep great good morning Mr lashman yeah please go ahead yeah my name is suggestion Varma okay uh I just want to know whether you will be covering here the tax related ones like E-Business tax in uh yeah at least 12 that's infusion we call as a fusion tax yes I am going to cover that and uh also the subledger accounting is still there in the position still that is there see that should be there like like that is like heart for the person right everyone the same counting that should be there that is there as this but some naming convention correct it does not it was not there in 11a it came in Trolley 12 really stole it came in I just wanted to know whether they have done modifications to it in a fusion or it's continuing in the same way it was in release 12. yes yes yes yes as an accounting method also but with the different alternative option as some work a different way yes in a released hours it is there as they introduced as a sale with more flexibility okay yeah confusion also they moved as this as it is yeah as it is so to discuss I'm going to be how to customize it if you want to customize in and out what we have inside we are going to have a once complete session on that hello hello one second yeah yeah any other past questions on the same SLA point please I have one question one second if you don't mind one second don't mind just let me give the conclusion to the current Point what are we discussed then we will proceed with our questions so hope everybody got the point called as meaning of fusion so this is the fourth point the fifth one we'll discuss tomorrow what does it mean by Cloud we have to spend more time on this to understand at least 30 minutes time we require to understand what's the meaning of cloud that's our course name our title will have it will have a complete meaning things we can understand very easily so let me tell you one point we're done for today from my side I'm not going to discuss anything in the today's session if you want to drop from the meeting you can do if you have any questions you can stay back we can just be done for today if you have any questions if you want to learn some questions discussions from us you can stay back or else questions yeah go ahead I am audible yes yes all right please hi actually what I'm going to ask her like uh so you'll uh show the India India localization taxes no no see if you start with the localization there are many countries we are not going to go with the specific India we will touch foreign all right yeah please go ahead yeah as I mentioned like yes the tax when it comes to tax we are going to cover EBT E-Business tax which you have in the level in Fusion we are calling as a fusion tax we are not going to touch specific country tax taxation okay because for multiple countries different different that anyway that's a piece of information once you are comfortable with this product that simply you can just go through some setup document or follicle also providing many white papers on Country localizations so by going through that easily we'll be able to manage or else or which country you are doing implementation for the country the uh EBT as for fission fission tax will support means yes you can adapt that Solution that's it yeah okay if you are a fusion test driven then we can't do the setup for this also GST or any country level taxes are almost similar it's a fusion tax is that India I mean that UAE the new taxes Etc it supports for that definitely we have to see that uh localization guides please the place you used to enter like employee creation this sort of activities foreign yeah it's not like just because I am giving the training I am not going to say this the fact is even if you don't have any experience at least you are talking about say if you're if you're not not aware of that also no worries what you are going to do is you are going to learn everything from the scratch okay if you are going to learn from the scratch to become an expert in that product since we are going to go through that cycle of learning so when you go for interviews you can say yes I am expert on this you can test me or test and if you are not they find you are good enough that's it they don't worry about it in past whether you have job or you don't have a job or sap or JD adverse or some accounting doesn't matter anyway here you will claim some experience this is not my suggestion everybody is doing I'm just sharing with you after learning this course you may claim three four five years of experience depending on the Gap let me tell you something most of the people what they are doing say they have a 10 years of accountant experience after doing if they are okay with English that's very important the basic communication skills are very important if somebody is there in the meeting who are not okay with the communication skills with a very basic don't do this course not only this don't do any software related course you will fail you will lose your money and you will waste your time you will you lose your lot of great conference if you are comfortable with the English the basic communication skills then only do it don't think you can manage people are just I mean you know I don't need to talk about it so if you are okay with the communication skills okay if you can speak English without any mistakes then only join this course and you can get benefit out of this course otherwise you'll waste your money time and you will lose your confidence that's all yeah coming to this point so no need to worry about it no need to worry about what is your current experience or past experience just if you take example as accountant who got 10 years of experience if they are okay with the communication skills they are doing this course they are just putting last five or six years as the accountant which is real and remaining four or five years they are just claiming in their the product from last four years or three years have been working as a fusion consultant on Financial so that's how they are claiming since they are learning the product how they should learn they are able to crack the interviews they are able to survey Frankly Speaking companies also knows once once you join but okay if you are able to manage what work they are assigning they'll get money they'll share with us that is the game or on game so they know very well whom they are recruiting but they never says I know about you even we never says this is I am this is what happening any product not only this is the current scenario in the market yeah yeah that otherwise no there won't be any business in the market if it doesn't work yes recruit the requirement resource they cannot support any clients this should be there that is reasonable yeah we have to understand we don't need to have a fear I am not encouraging this just generally telling you okay yeah so wherever it is possible people are trying wherever companies are accepting people are going there working you can prove with your talent I mean learning this or your great attitude good healthy attitude yes any company says welcome so this is what happening that the reason you see in America Bangalore here and there everywhere people are learning they are claiming experience three four five years zero experience reality three four five if they are okay with the product companies are ready to hire that's free they never speak as you are you are somebody some Faker Etc so this is a game okay so everybody everybody should plan with some experience otherwise nobody will get job on what software products mostly we are this is that so no no need to worry about what it is education calls minimum bachelor degree I would say okay four to five years of educational Gap after education if you have four to five years that's what people are craving if they have some other Erp experience they are keeping as these past from last three four five years they are showing experience as per their CV they are trying to sell that's all this is a reality I am not encouraging I am not trying to educate somebody what happening in the friendly manner we are discussing that's all yeah please go ahead uh yeah so uh in this course are we going to touch like uh in our 12 we do customizations right we develop interface reports so in this course are we going to touch on those parts see in this customizations yeah in this course I am going to cover to become a functional consultant who worked as a functional consultant in financials what we should aware that I am going to cover when it comes to something anyway that should be done by technical resource but just I am going to introduce in case of cloud how to write this queries in case of EBS we aware of use toad etc etc some third party tools you know how things can be managed but in Fusion it is not possible you cannot connect the code to Cloud related database at all but where you can spell queries and to take you through so you may be expert in running the creating the ba reports by this time but in the future if you don't know where to go how to do that you cannot do that even you are expecting that for that say what I'm going to do in the classes is I'm going to take you through where you can develop the ba reports on a very high level simple report I am going to be it in the sessions and how to register it as a job Etc that I am going to take you through but don't consider that as we are going to have a class on developing the ba reports take as its introduction so that the navigation path and where someone can develop the reports it's already they're expertised that as a technical aspect for that reason I am covering it would be just pure what really requires our functional people to work as a functional consultant that's all okay okay yeah thank you thank you thank you hello please please yeah yeah okay uh just I mean uh since I mean uh uh Mr rushman since you say I'm in a three-fourth experience can be covered is it I mean are you going to experience us with the projects I mean a couple of projects yeah see at the end of the project it is like something like putting the name only okay okay just just putting the name so in Project once we go through these classes and all will understand the complete project I can say you take some company you pick these 10 Futures and Implement that's it what in classes what I'm going to do is when you do the implementation for any company what approach we follow okay what sequence of activities we do that I'm going to take you through in our classes because this is a training I am not going to show you in some instance where already some data is there extraction no when we work for any real-time project what exactly we do that I am going to replicate in our classes okay there won't be any difference still if you want to understand something else this is what I'm expecting let me know I'll take you in that way and but I'm going to run these classes how exactly will help you when you are working real time okay at the end of the training are you going to make us to work on a project American Express implemented Oracle applications now okay I cannot I can give you the name like okay you can use the fusion uh American Express I'll say short name MX say you are going to implement I mean they have a branches 10 branches they have a business in five or countries this and that I can say by that time end of this course you will be in the position how to design the solution and how to implement just you can do like that that's how I'm going to give the information that there is one client called as the ABC Inc okay if our ABC company you have to implement can you implement no you have to ask several questions what questions you have to ask what information you have to gather based on that you can start working on that this complete stuff I'll cover simple in one line I can say after completing this course alone you can do the implementation for any real clients alone that is what you mean to say is I mean you are going to cover all the possible scenarios but not as a yeah you can say all the possibilities even if you are working for that client there is nothing else more than that I could say that okay everything is simple my scenario is let me please suggest me I am 56 years old and I have a 30s plus experience so for the past two years I was on break so now I wanted to shift and it is I was into the custom obligations like dotnet if you haven't yeah energy is both you can do issues that no it's it's not a great criteria as a negative somewhere you can go ahead also if you have interest and energy go ahead and one more thing easy is it to release 13 or is it or swallow Mr mushrooms okay okay here 13. in the next session maybe next year later session I am going to explain detail level what is the initial or how the questioning change how to recognize how to check directly within the application also I will cover [Music] so it's good for me to take this right yeah thank you thank you thank you hello yeah um uh am I audible hello yeah please go ahead nice yes um I'm new to this Erp implementation and Oracle implementation so um implementation say applications that's how we have to say just oh very new to our applications applications you can say yeah okay so um I'm seeing a huge demand in this field uh so I just wanted to know whether this uh demand is going to be continued uh for uh more than 15 years 20 years or it is going to just end um in a decade yeah yeah yeah see yes day by day you can see whose demand like I hope you understood one point what I mentioned okay this is the point Fusion what they did they picked the best in the market okay because that is the reason it would be Evergreen in the market No Doubt you can have a very long journey with this product you again you wanted to learn after five years 10 years something else not required and one more very important point if you are learning technical there is a need of upgrading your knowledge there's some new tool may come some new technology may come this and that but you are learning the functional thoughts okay there is nothing much which you have to upgrade what you learned today you will keep doing after two three five ten years also if you have to learn something else some small piece only you have to include in that that's all that is the advantage of functions okay uh so um since what time you are you will be in the demand okay in any country you will be in the demand so uh no I am I'm just asking till uh what time you are expecting uh that this demand uh what we are um getting right now uh we will be continued for how many years I was just asking that let's say a three-hour lifetime thank you so do we have similar module in fusion and are we planning uh in in just we earlier just there is some issue with instance and we stopped better let me just I'll I'll try to include in this batch from this touch at least some instant challenges and the setups and all everything we did and process some error Etc we have seen anyway we'll do that I'll include from this patch I'll do that okay and the company also will do that right company as well as intra company both I will include okay yeah thank you yeah thanks hi lakshman this is yeah please yeah so I just wanted to be clear by the two things the first one you know it was already acquired by somebody so to go with you know certification so is this will just go sufficient or do we need to learn something else as well so go with this application see Frankly Speaking awesome certification is not 100 as individuals as a Consultants that will add some value addition to the companies okay that is the first coin can you try for the job also mostly nobody is going to ask you okay if you talk to 100 companies maybe one or two companies may talk about certification first off 97 98 companies nobody is going to ask you you may have a great certificate tag in your profile still they'll do the thorough interview just they'll just do the massage in the interview that's all they'll ask this and that and if you go great is a wonderful authentication okay type is very good no use you may have certification you cannot have certification treatment you say but that would use for companies but don't no need to think I am going to do this course it's a better uh having I mean better I can have a certification why do you spend again for this course you are spending some amount again for that around 15 000 some some bucks you have to spend most plan for certification do this course get up with the product once you get into the company really they want they will help you they will pay for that certification you can reimburse Etc or else still if you have interest to go for certification by understanding the reality you can do it my suggestions no certification you no need to plan still if you have interest that you do get you may have a second option but totally forget about second third options if you are choosing small tool or if you are choosing some small technique related uh products that will be there in the market very easy for short period if it is very small tool the other vendor also can come up with better tool than that but it's a huge product use a product okay so that is the reason when you choose this you don't need to look for any second option in our classes that will place you in some company that's it by doing this course don't think you will achieve okay when you do this course you have to spend enough time for practice preparation that's very important okay how to prepare this course house I will explain going forward I'll explain but now simple point is how you are doing there may be 100 people who are doing this course maybe 20 people may get the job because the 20 people only did the practice multiple times they prepared theoretically and just most other people say they just attend their classes no use at all just attending no use that's all right interrupt you here but I know I just wanted to be clear with the question so the question is since I am a frustrated with this domain I'm not going to add any kind of um I mean experience in this so you know uh in this case what could be the number that you can you know cite out of 10 to you know uh with regard to the freshest opportunities of course you said that there are very less opportunities but what could be the rate that you know out of 10 that you have so actually that I just wanted to know that not any additional not true 0.5 if that is your plan but do this course still do this course if you have some Source say your brother a friend Uncle somebody is working in some company where they deal with this Fusion applications you may get into that company through reference if you have such kind of source okay or else don't do this very very very very less opportunities because by taking you as a fresher in which project they can use you most of the clients says I need consultant with the two three four five six if required with 100 years of experience they need people this is how clients are saying speaking where they can use you nowhere less chances there is reason if you have some Source where you can get into some company by doing this course as a fresher then do it if you don't have some Source if you have a conference don't do it yeah I've got it got the point thank you and the reflection once one do you have any placement support from your end uh from your initi we don't know just see it's not required Frankly Speaking do this course do thoroughly how to do this course also an expense see from my side I'm taking classes your side just your attorney in between there is a lot of Gap how to feel we have to understand we'll discuss on those points once that is done play c will get offer letter that's all how that is possible also explain no placement no need to depend because it's something somewhere some Corner this product is lying in the sense yes you have to depend you have to search for many things but this is hot cake hot cake in shortcut so easily you can get we'll discuss on that point still if you require yeah thank you thank you yeah hi Lakshmi yeah hi please so I want to learn like understand the role as a Oracle uh Fusion like uh functional consultant like uh as you said that this financial module we are taking from Oracle so what is difference here when we are talking about Fusion do we need to learn about like other module procurement supply chain or like this what is different in Oracle um financial and Oracle fuse in financial so see it's uh I mean uh simple staying in the heart and staying in the building that is a difference the placement will be changed the facilities will be more in the Building compared to Heart where we stay that means these are the platforms the flag more flexibility will be there in the future these points are anyway tomorrow's session when I talk about this this point I am going to explain okay Cloud when I talk about cloud so these points uh the very detailed answer I am going to give so if you don't mind we in tomorrow's session we'll see even I I can expand now it takes time again it would be in between you and me and of course there are few other apartments 50 percent Parts but solid left is it okay we can discuss in the tomorrow yeah there's just a fusion part I want to know like do we need to learn about like other part uh from other modules as well or is it like uh it is your plan you want to learn Finance right so this is what we have to do when you learn about Finance okay we should have a basic knowledge about Supply Chain management also yes that I am going to cover in the classes I'm going to cover see when we are staying somewhere we should at least aware of our neighbors the same way when you are working on the financials we should aware of very basic things about the Supply Chain management inventory purchasing order management along with the financials yes we are going to come across with these three application related business process setups Etc since these applications are connected with our finance our primary focus would be on this only and what level of knowledge we require from Supply Chain management also that I am going to cover in our classes okay actually uh so what is the expectation from Oracle Fusion Financial Consultant like they like for what is different from Oracle finance and what extra we need to know we are saying that we are like I can work on Oracle whatever questions let me ask you one question so what is your background I mean are you EVS consultant or what exactly so that it would be easy for me yeah currently Oracle Eve is consulted yeah it's very simple I'll give you a fusion instance fission access can you do the implementation okay no I am asking you don't mind no I'll give you EBS instance so for Fusion so as I am not aware like I'm not familiar with that yes I I'm not sure but I would be able to do it yeah if I give you ABS instance you can do it right if I give this a submit login you can play with that yeah okay if I give you Fusion instance with the same system admin login can you do that may not be no no may not no doubt no the answer is no because in EBS we know once we saw again we will go this is I mean system administrative responsibility uh we create all the responsibilities what application we are going to implement will create the business group will create the operating rate Prime and Ledger this and that will assign the profile options will go to payables we'll do the financial options right so this and that and yeah a player setup Etc we can do we know all those things here how to do the same you are going to see there is no great difference there are few new features also they introduced this is new system how we do in EBS we don't do we cannot open the vision it's totally different see if you want to do any setups we have FS functional setup manager how to go to that here everything will be managed with the roles if you want to create the supplier how we created the fusion you cannot do that there are some conditions the role need to be assigned supplier manager only to be assigned to the user the user should be employee user the user should be a procurement agent okay see these are the points you cannot play with the software creation without knowing so what we do in the EVS if you are already EBS consultant what you are going to learn I would say uh 80 you know Fusion but you have to see once the remaining 15 to 20 percent only you are going to learn from these classes but one time you have to go through end-to-end process of doing the setups and doing the processing etc etc simple point I'll give you invoice creation page in the fusion you may not be in the position to create invoice because you never seen that screen where we have a drop down where we have options where we have schedules where we have payment of this and that you know if I give you 11 year after still you know exactly by closing your eyes off you can say otherwise even if you are not in front of the system you can say but Fusion even by sitting in front of system also you cannot say right this is what we are going to say okay this is what we are going to see this thing the new house which we built we are going to visit before visiting okay first time we are visiting without entering into the home you cannot say where is this Hall where is that room where is this that but where we are staying current home just we can say everything we know okay that's how it's not a big difference for you people like if you are from EBS background but you have to see once that's it yeah working in 11i so uh so do any prerequisite nothing do I need to start this course you are working on lebani or Atwell that's a great news good news I mean you know about the application that will help you a lot to learn very quickly and easily so that's enough no play reviews are required directly you can attend even if you are fresher I would say no prerequisites directly yeah this is Malik uh the functionality function functional device even the Floor season doesn't going to change once you know the concept debit credit how exactly anything is going to happen like in Wise debit member yeah yes yes yes but everything Remains the Same right everything is set up I mean uh like David one second everything remains same but few Concepts the setups they changed the naming conversion they changed the process like slightly they changed wherever it is applicable this is how they changed okay so I will that's what I am saying 80 percent you will see this application when you know EBS 11 and up 12 you will find it as same as it is up to 80 remaining 20 percent definitely you should know so that is remaining 20 percent will become puzzle for us yeah we have to go through the process one you should have one thing you say if you say I have a 20 years of experience on 11 and after all I'll say please one time please go through Fusion then you will become expert on this also that's it any other questions from anyone if no questions we can wind up today we'll connect tomorrow same time okay last question [Music] two guys are unmuted I request one person to do that yeah please yeah shall I go please go ahead yeah yeah my question is like some of the companies might have a requirement to uh to know the knowledge of E-Business under Fusion both okay so in that aspect like what is the preparation that we have to go it will say will there be any guidance in our session I'll tell you on that the point is so maybe up to till last year also we were recommending if somebody is learning this course by saying hey I have a 10 years or 15 years of experience and I want to learn Fusion we used to suggest when you are joining some company okay so how much salary you need 15 years guy definitely will ask more salary but if they learn only Fusion by last year Max they can claim less four or less than four years of experience okay so with the four years experience how much they can get we know already they are working as a technical consultant or DBS from last 10 15 years but if they want to get more bugs good salary they have to have a good amount of experience right so to Showcase more years of experience just we used to suggest we use when they ask the question we used to suggest like uh better you can learn EBS than Fusion so that uh you can showcase the two-year I mean EBS and fusion you may plan for uh just putting more years of experience this is what we were suggesting okay so now there is a scope like people are in the market you can see it's a fourth four and a half years five years almost uh like 2007 four plus years there's an option there is a possibility where people can claim four years of experience and fusion so this is the point like if you have a huge amount of experience or Gap after your education and you want to get good package then you can learn EBS and fusion then you can when you try for the job you may tell them like you your experienced this is like not my suggestion generally what people are doing that's how people may try so this is the like uh I have a seven years of experience three years on EBS four years on abs of course they are not going to release offer later they will test once they feel comfortable they will just believe what we are saying and there is offer this is how it works it totally depends okay totally depends if you have like you complete your education four years back five years back no worries directly go for Fusion do it and you you just you have been working from last 10 years your package is very less but with the four or five years with if you try for job with uh on fusion with uh four years in India easily you can get eight to nine lakhs okay but if you think this pack is good okay or else if you say I am working from last 10 years my pack is very high here also you want to get high package then you may plan to do this EVs and fusion then maybe two three years you can claim on EPS remaining four years you may claim and vision portal overall it would be 70 years when you try for this job this very relevant experience only they see if you said 20 years from past 20 years you are working and you completed this Fusion training maybe you may you may try with some experience but your experience you are saying four years accordingly four years only they'll pay remaining your 16 years they'll ignore they'll consider not to pay just as a record that's how it works okay to keep some experience and all Justice very general information or discussions you have question how others are doing I am telling I don't have an intention to say to somebody just put some experience and try for job that everybody knows everybody is expert in that area I know need to say so I am not suggesting anyone yeah yeah any other points please confusion it's not clear okay clear for me no no you have some uh you know activity issue no doubt in that you may rejoin better questions foreign I'm Sorry by mistake I muted everyone please yeah sure yeah I have one daughter regarding you see as per uh financials uh Global is the same process maybe but coming to tax part to continue to Country why still doing job you are facing any type see in every country if you know the core product okay so it's just taxes some additional piece of information there won't be an issue there won't be an issue so the first thing is we have to learn the core products say you you have a plan of working in us just you can go through some that U.S taxation related to some document anyway in the classes we'll cover future tags also where like for us or many other countries also it's applicable possible to implement the solution so as per your plan or else many companies even they will even you are not okay with the tax part they will take you since you have a rich experience in that product and since tax is very piece of solution they will just give you training or something they'll provide some kdr they will tell us please brush up your knowledge on this uh some tax part because you are going to work for some country nobody will expect you you are okay with multiple countries taxation that is yeah thank you yeah okay can you hear me now yeah now it's clear okay please yeah so like of course it's more advanced question it cannot be up to the class suppose if it is possible can you please cover like if you are trying to migrate from R12 to Cloud what are the steps they may do something like this okay uh do they do the setups oh my God I got you as of now to migrate from ABS to Fusion we have zero steps I mean to say there is no solution you have to treat Fusion as a other product and EVS you how to do it as a legacy and you have to do it as a re-implementation see the best for here the benefit is EVS implementation is done almost same solution to the taken into Fusion ninety percent you are going to move the solution as this wherever some changes are applicable accordingly you have to do it that's all but as of now there is no upgrade solution or actually given because the platforms are totally different decision we have a middleware application layer database in EBS what we have no middleware sync yeah so final final answer the participant name is Dell there is a lot of noises coming from your end please check your audio connectivity Etc we can have a discussion yeah Malik please go ahead yeah so can we after soon after this course can you claim like that I have EBS five years and of course currently I'm working as EBS consultant after this course I can say that I can claim two to three years on cloud PS to that as EBS that should be good enough I should be able to support that main worry is can I support yeah yes [Music] who's the dell the name the user name is Dell a lot of noise is coming I request not to unmute yeah see the people who doesn't have any experience also they are trying for three with the four and uh I could see they are surviving in your case it's just Cakewalk for you no doubt in that the people who have some experience what they are doing is just they are placing two three projects Maybe One support project two implementation projects or else by taking very short period maybe two more two years two and a half years a way to support projects four months or five months duration and remaining three implementation projects this course this course what program we have uh in this I mean this course that will help you to support who work as an experienced Gaia and Cloud no doubt in that because you know already EBS already you just you have a rich knowledge that's what we should say since you are working on top of it just you are going to have this flavor that's all so you know don't no need to see this as a new you don't see us in you if somebody doesn't know oracle applications or if they know oracle application there are dbas or technical background or else they are coming from hrms or a CMR procurement Finance is very new for them then they can see as a new or 50 percent known and 50 percent or no but in our case you don't see this as new it's a well known for you you are going to see the different flavor and different colors that's all foreign so then that's all for today thanks for joining this today demo session [Music] uh Deepika there's a huge noise coming and your voice is somewhere very low and the voice is very high and noise is very high you can just please check the audio connection and you can try again please any questions from others please okay seems to no questions good okay we'll wind up for today we'll connect tomorrow same time okay thank you all have a good and good night foreign