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1Z0-1056-21: Study Guide to Pass the Oracle Financials Cloud Receivables 2021 Implementation Essentials Exam

Make the path of getting your Oracle 1Z0-1056-21 certification with the valuable practice test and study guide. Go through the article and explore more about the exam.

Overview of the 1Z0-1056-21 Certification:

The 1Z0-1056-21 exam is a 90 minutes long multiple-choice exam, and it comprises 58 questions. The aspirants should get a 64% mark to pass the exam. Passing the exam certifies you as an Implementation Specialist.

An Oracle Financials Cloud: Receivables 2021 Certified Implementation Specialist has proven the knowledge and skills required to Implement Oracle Cloud Financials Receivables. Candidates who earn the 1Z0-1056-21 certification can 

  • Configure Receivables,
  • Manage Customer Billing, 
  • Process Customer Payments, 
  • Manage Bills, 
  • Report and Configure Advanced Collections.

Study Guide that Works Best to Ace the 1Z0-1056-21 Exam:

Completion of the Syllabus Is Must:

While making the study schedule keep enough time for the topics, including more sub-topics, make short notes while reading essential topics. Short notes are beneficial for revising the whole syllabus.

Make A 1Z0-1056-21 Study Plan to Use It Until the Exam Day:

Once you have gone through the syllabus of the 1Z0-1056-21 exam, it is time to make a study plan. But before making a study plan select your exam date by registering with Pearson Vue. If your exam date is already selected, it will give you the motivation to work hard. Select a date at least two months from your preparation day. 

Devoting two hours is the minimum study time, and if you can spend more time, that will help you on the final day. Keep a positive attitude throughout your preparation. Sometimes you can feel exhausted, want to stop preparing, but self-motivation is the key to success.

Learn from Different Resources:

Oracle provides exam-related material in a pdf format. You can download the material. Read about Financials Cloud Receivables from different Oracle blogs. Take the Oracle Cloud Infrastructure learning subscription from the official website.

The Final Step Is to Practice More:

Suppose you are working hard for the 1Z0-1056-21 exam, you have completed the entire syllabus too, but it doesn’t assure you success if you don’t keep practicing what you have learned. So follow the reliable 1Z0-1056-21 practice test to assess your preparation. The time-based practice tests will help you complete your exam within time and provide you with the actual exam scenario-based questions. Your every attempt to score 100% in these practice tests will help you score at least 80% in the final exam.

Join the 1Z0-1056-21 Training:

A candidate can join one of the following training-

  • Oracle Financials Cloud: Receivables 2021 Certified Implementation Specialist
  • Oracle Financials Cloud Learning Subscription

Learning from the experts will boost your knowledge about theoretical and practical topics.

What Is Oracle Receivables?

Oracle Receivables is a comprehensive solution that allows you to streamline invoicing, receipt, and customer deduction methods. The solution provides the tools, flexibility, and strategic information required to meet the demands of a global market with strong financial controls to aid in instilling corporate and fiscal paths. Oracle Receivables is the cornerstone of Oracle’s Credit to Cash solution, which helps a candidate enhance cash flow, increase efficiencies and optimize customer relationships.

Some Benefits of Oracle Receivables:

Increase Cash Flow and Operational Efficiency:

Oracle Receivables allows your organization to minimize bad debt, increase cash flow, reduce operating costs, and assure compliance with accounting guidelines. With Oracle Receivables, a candidate can shorten his credit to cash cycle while dramatically reducing the time and effort needed to process customer payments and resolve problems.

Streamline Invoice Processing:

Oracle Receivables flawlessly manages invoicing requirements across the Oracle EBusiness Suite and offers to import capabilities to extend this service to non-Oracle ordering systems. The intuitive, graphical user experience helps invoice creation simple, lowering the cost of doing business while enhancing the efficiency of your billing and collections sections. Invoicing types cover traditional invoices, balance forward billing, installment billing, consolidated monthly billing, chargebacks, and deposits.

Get Organizational Efficiency and Control: 

Multi-Org Access Control allows companies to efficiently process business transactions by enabling users to process, view, and access, report on data for an unlimited number of operating units within a single responsibility. This functionality can improve productivity as it allows users to enter invoices and run processes for multiple operating units at one time.

Bottom Line:

Becoming an Oracle-certified specialist with the 1Z0-1056-21 certification certainly proves your credibility towards Oracle certifications. Your knowledge is proved through it, which helps you bag better career opportunities.

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