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1Z0-508 - Oracle Fusion Financials 11g General Ledger Essentials - BrainDump Information

Vendor Name : Oracle
Exam Code : 1Z0-508
Exam Name : Oracle Fusion Financials 11g General Ledger Essentials
Questions and Answers : 127 Q & A
Updated On : December 13, 2018
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1Z0-508 exam Dumps Source : Oracle Fusion Financials 11g General Ledger Essentials

Test Code : 1Z0-508
Test Name : Oracle Fusion Financials 11g General Ledger Essentials
Vendor Name : Oracle
Q&A : 127 Real Questions

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Oracle Oracle Fusion Financials 11g

Get Oracle Fusion Financials online working towards at AADSEducation for more straightforward monetary management | killexams.com Real Questions and Pass4sure dumps

different types of studies should be generated by a fiscal organization. often, these reports are dealt with through distinctive people and need to move facts from one to another to conclude stories. the most regular issue these people go through is managing records that's outdated; now not updated or ineffective searches that make facts gathering a time ingesting assignment.

To handle these issues, Oracle presents Oracle Fusion Financials; part of Oracle Fusion applications which seamlessly reduces workload and retailer time by way of integrating financial modules; demonstrate changes in data real-time via dashboard and reporting tools.

learn superior industry practices via Oracle Fusion Financials online practicing supplied by AADSEducation today.

Why Oracle Fusion Financials?

Financials company all the time search for more productive easy methods to lower their finances spends on reporting whereas being effective. Oracle Fusion Finance offers such facets with integration aspects together with spreadsheets, lowering the cost of useful resource-intensive initiatives. while spreadsheets are nevertheless king in managing information, advantageous techniques of collaborating, sharing data is a hectic assignment as it involves changing facts manually aka transferring data, making bound it is the up to date doc.

Oracle Fusion financials eliminates such projects with an built-in dashboard the place people can shop facts to the cloud; edit, share and replace actual-time which is effective for taking part comfortable. despite the fact that other opponents present such points, Oracle Cloud family is the commonly employed enterprise utility which set new specifications for finance business.

Oracle Fusion Financials helps managing a economic corporation’s procedures by way of automating, streamlining and controlling via its integrated fiscal administration suite. purposes similar to accepted ledger, Account Payables and Receivables, property, charges, money administration, regular modules from EBS are built-in into one platform and may be accessed by way of any consumer to acquire information in addition to view updates real-time.

Oracle Fusion Financials practicing at AADSEducation:

Our method to Oracle Fusion purposes working towards is pleasing. We instruct business approaches, ideas to people who on no account worked on other platforms and then mapping, implementation. For experts who presently work on EBS or identical platforms, we educate them directly on mapping and implementation in Oracle Fusion financial.

Our Oracle financials practising course is guided by specialists within the trade who have twenty years of world event within the container of IT and finance. via this software you should be able to study working with widespread Ledger, account payables and Receivables, assets, money, Tax and expenses management, budgeting and funds controls. With, oracle cloud financials working towards path, you can be in a position to put into effect, deploy and integrate Oracle Fusion Financials for more advantageous workflows.

direction outline:

AADSEducation’s Oracle fusion financials direction outline is on par with Oracle institution path. despite the fact, our streamlined course is as beneath:

  • Introduction to Oracle Fusion Financials: the usage of swift implementation task list with Oracle functional Setup manager
  • investigate a successful implementation by using picking out key ideas of Oracle Financials swift Implementation
  • implement Oracle Financials using Oracle useful Setup supervisor
  • knowing of typical utility configuration for Financials
  • realizing integration points, implementation consideration in response to enterprise constructions
  • Setup ordinary Ledger, accounting rules, tax etc connected items to aid financial workflows
  • by using the conclusion of oracle Fusion fiscal practicing, individuals may be in a position to implement, configure and deploy solutions required for monetary companies saving time and effectively use equipment for reporting. For greater tips about this course.


    ECCU shares ups, downs of Oracle Fusion Financials migration | killexams.com Real Questions and Pass4sure dumps

    The Evangelical Christian credit Union migrated from E-business Suite to Oracle Fusion Financials. It reduce fees however lost out on integration.

    At Collaborate 16, Mary Furman, software supervisor for the Evangelical Christian credit score Union (ECCU), described the procedure of migrating from on-premises Oracle E-enterprise Suite economic purposes to Oracle Fusion Financials within the cloud. whereas the firm succeeded in slicing fees, there are nonetheless some issues that Furman misses about running on premises.

    "should you move to Fusion from E-company Suite, it's not an improve," Furman referred to. "it be really a new implementation." Furman discovered that Fusion runs slowly and can take in to three minutes to reload after an update. She pointed out, "it be always sluggish if you're used to E-enterprise Suite with the server on premises." She described the stream to cloud as an "adjustment." The researching curve for the protection device has been exceptionally steep, she mentioned. "The safety setup in E-enterprise Suite is terribly distinctive in Fusion. i'm having some difficulty getting to know protection." although, Furman observed, "whenever any individual complains about Fusion, I say that we're saving a boatload of money."

    The circulate to the cloud became inspired with the aid of the deserve to cut prices during the economic recession of the early 2000s. The wake-up call got here when ECCU had its first church foreclosures in forty years. "It appears relatively bad to foreclose on a church," Furman mentioned.

    The Brea, Calif.-primarily based credit score union, which works with 1,seven hundred ministries and 3,900 missionaries throughout 122 international locations, all started downsizing. Oracle E-enterprise Suite got here with loads of prices, similar to licensing cost, workforce, aid and the maintenance of the a considerable number of customizations the ECCU crucial. So, the firm spent six months contemplating the deserves of the cloud earlier than identifying to make the leap to Oracle Fusion purposes. Furman started the implementation in February 2015 with a go-live date set for July 1, 2015. She turned into capable of implement the assignment on time.

    earlier than its circulation to the cloud, the ECCU used SQL Server and Oracle business Intelligence Discoverer for reporting. The core banking application was not an Oracle product however did run on true of an Oracle database. Furman spoke of that the ECCU reached its current configuration after going over 24 permutations of E-company Suite and Fusion, considering the fact that the have an impact on on conclusion users, the common integration of the equipment, the implementation time and the timing in the fiscal yr. The most appropriate situation, Furman said, would were to hold or even increase the integration of the financials with HR and payroll. although, while this changed into feasible, it will have taken extra time and funds than the ECCU become willing to allocate. The tooling required to retain the combination would have pushed the go-live date back to Jan. 1, 2016, in line with Furman.

    should you circulate to Fusion from E-enterprise Suite, it be now not an upgrade. it's in fact a new implementation. Mary Furmanapplication manager, Evangelical Christian credit score Union

    The present configuration replaces the economic module of Oracle E-company Suite with Oracle Fusion Financials, whereas human elements and payroll continue to be on premises. Furman stated, "The draw back is, we're not integrated anymore." To cut costs, the ECCU dropped the automated syncing between banking and payroll and now enters the changes by means of hand. whereas Furman hasn't given up on the opportunity of relocating payroll to the cloud, she referred to "Fusion just wasn't rather competent for the payroll answer."

    Furman and her team additionally bumped into issues selected to economic institutions. as an instance, Furman referred to Oracle E-enterprise Suite instantly updated the depreciation of the value of gadgets like art work and laptops, however with the Oracle Fusion Financials, all that tips needs to be entered through hand. The ECCU additionally had to dispose of the use of corporate credit playing cards because loading cost onto them with Oracle Fusion Financials proved to be problematic. Furman has also had concerns with updating facts and she or he and her crew have switched to updating records most effective on an as-essential groundwork.

    besides the fact that children, the implementation itself happened with little issue, Furman said. "i used to be expecting loads of cellphone calls, however there were no concerns. I felt just like the Maytag restoration man."


    way forward for Oracle Cloud could and may be SaaS in preference to IaaS | killexams.com Real Questions and Pass4sure dumps

    oow18In his keynote to kickoff OpenWorld, Oracle Chairman Larry Ellison saved many of his quotable strains for assaults on AWS, but as I discussed in my ultimate column, both take just a little different strategies to cloud infrastructure reflective of their contrasting views towards utility design and deployment. Ellison’s swipes at AWS have been unlucky because they took the highlight off what I agree with is Oracle’s extra promising cloud product line, its SaaS applications, the place the enterprise has efficaciously repurposed its licensed utility as cloud services. As i mentioned final time,

    I could see Oracle’s SaaS database and enterprise utility items for CX, ERP, SCM, etc. fitting the favourite vacation spot for companies relocating workloads to the cloud that don’t want or need the overhead of managing the underlying application and servers. Oracle is in a perfect position to follow the direction of Adobe and Microsoft, which shifted office and content material advent apps to a hybrid mix of in the community-put in and cloud-based mostly capabilities.

    It’s value exploring the topic in more element because I agree with Oracle has extra in regular with software suppliers like SAP, Adobe and the non-windows, non-infrastructure parts of Microsoft than AWS.

    a lot of first rate SaaS news at OpenWorld

    everyone loves a very good feud between tech titans (notwithstanding it’s one-method), so it changed into handy to omit the signs of huge growth in Oracle’s SaaS enterprise latest at OpenWorld and up to date revenue releases, especially the many consumer success reports that we documented here at Diginomica. for example, in previewing the experience, Den Howlett talked with Steve Miranda, government vp of Oracle functions product construction about the enterprise’s strategy of including automation and records-driven intelligence to its ERP, CRM and CX items. Miranda remarked on the pace with which even huge agencies are divesting themselves of on-premise programs in desire of Oracle’s cloud applications (emphasis introduced)

    What I didn’t predict turned into to look the variety of agencies which are being disrupted or are disrupting so that even in our case, we used to sell items but now we need to be tons greater a provider business and that’s fundamentally diverse. The technical and business technique debt throughout these businesses ERPs isn't helping them remain competitive in these techniques while additionally reacting to purchasers in methods and at speeds they on no account needed to before. that's the rush in cloud ERP adoption that I didn’t are expecting.

    As Miranda hinted, the competitive demands on Oracle itself have pushed it to develop into a carrier business which in flip provides urgency to its SaaS transformation and drives additions to its burgeoning provider portfolio. while it’s unclear how an awful lot of Oracle runs on SaaS, the business has all of a sudden transformed its application items into on-demand functions. As Ellison crowed in his keynote,

    we have extra SaaS functions than some other cloud issuer.

    The statement’s accuracy is arguable, but what’s not is extended client adoption and product advancements, such as the approach Oracle is adding automation, self-optimization and other types of records-driven intelligence to its SaaS items. indeed, as Howlett pointed out, computing device intelligence became a theme Oracle emphasized at the adventure, as did Ellison as he beseeched purchasers to share their wants and concepts for methods to make Oracle’s products even improved,

    We automate these tedious procedures, we automate these complex approaches, giving you big productivity good points, by using adopting our subsequent technology cloud purposes…

    via working collectively, your first rate ideas, our respectable concepts, we can carry the subsequent era of SaaS functions within the cloud.

    OpenWorld was full of customers sharing their success reports, which the Diginomica team chronicled in more than 20 articles. as an instance, Park resorts and hotels, which crucial to implement a brand new finance equipment after being spun out of Hilton, shared its use of Oracle Cloud purposes to both bootstrap the process and supply new capabilities. As Diginomica documented,

    What Park required, Robb [Park’s senior vice president and chief accounting officer] defined, became a single platform for all of its financial records, masking everyday ledger, accounts payable, mounted assets, procurement and task financials, which additionally offered enterprise performance management equipment for financial close and consolidation and planning and budgeting. It additionally desired to use cloud computing to keep its IT footprint to a minimal.

    Park worked with consultants from furnish Thornton and settled on a plan of assault that worried imposing Oracle ERP Cloud, Oracle Planning and Budgeting Cloud and Oracle financial Consolidation, and the usage of Oracle Integration Cloud provider because the ‘secret sauce’ that allows for Park to circulate facts between these apps.

    Birmingham city university instructed Diginomica an analogous story of the usage of Oracle Cloud to take advantage of new technologies like AI, NLP (natural language processing), chatbots and API functions as a part of its next-generation lower back-office platform. Like most gigantic, based businesses, its goals were advanced via a legacy of miscellaneous methods that weren’t designed to confer with each different, tons much less remote consumers over the internet. Birmingham concluded that the right cloud suite may replace 15 siloed programs and its exhaustive contrast determined that Oracle Cloud, with a portfolio spanning HCM, ERP, BI, payroll, monetary planning and budgeting and PaaS extensibility, was the correct issuer.

    Tahir Yousaf, Birmingham’s affiliate Director of IT, instructed us that the school also desired to minimize the overhead of customizing the SaaS functions for each and every branch, as a substitute asking every firm to describe their wants, no longer the particulars of how they would want to achieve them. As Yousaf stated (emphasis brought),

    So, really, we made a magnificent determination no longer to do any ‘mapping’. instead we went to each of our enterprise devices and we mentioned ‘are you able to tell us about what you need your effects to be’. What become the business outcomes you wanted to peer? if you take a traditional set of requirements to a cloud seller, they could do nothing along with your necessities, as a result of really, their strategies are already thoroughly shaped.

    So we asked the cloud carriers, how does your cloud equipment try this? Then we let our users make a decision which one to opt for in line with their adventure and the event. Vanilla is superior than you consider in terms of its flexibility.

    aside from the breadth of its SaaS portfolio, a last selling factor for Oracle was its PaaS, with its tight integration to SQL databases, help for a whole lot of languages and frameworks and skill to use backend platforms like Kubernetes, Hadoop and Kafka streaming. Oracle PaaS enables Birmingham to fill within the 5 p.c of functionality and compliance requirements the vanilla SaaS services don’t supply.

    SaaS progress noted in financial filings

    The magnitude of Oracle’s SaaS products is evident within the comments and records it shares with economic analysts at each and every quarterly salary report. As I referenced in my old column, Oracle doesn’t escape cloud carrier earnings by using product line and, like Microsoft, and frequently only discusses increase fees, now not absolute revenue figures. That talked about, after its this autumn 2018 record, co-CEO Mark Hurd referred to that usual ERP and HCM SaaS salary turned into $2.2 billion in FY 2018. whereas it didn’t update the earnings quantity after it’s most recent Q1 2019 file, Oracle did record wonderful growth in SaaS, with co-CEO Safra Catz telling analysts that service revenue for ERP grew 30-plus p.c, that for vertical cloud purposes changed into up forty-plus %, while cloud infrastructure and PaaS had been tailing at 20-plus p.c.

    Chairman Ellison added colour, calling Oracle’s cloud ERP product “a strategic key to our success within the SaaS functions layer of the cloud,” boasting that Oracle ranks first in cloud ERP market share with more than 20,000 Fusion and NetSuite purchasers. Ellison referred to that its SaaS increase is fueled via shoppers replacing on-premise programs (emphasis introduced).

    consumers are purchasing Fusion ERP to change their latest SAP on-premise ERP techniques, and purchasers are buying Fusion ERP to exchange their latest Workday cloud ERP methods. ERP is the greatest section in the utility company. continuing our rapid boom in cloud — in the cloud ERP market puts Oracle smartly on its approach to fitting the world’s largest SaaS purposes company. That’s our method and present market position within the SaaS layer of the cloud.

    My take

    As I prior to now discussed, Oracle’s strategy for cloud infrastructure is designed to facilitate the migration of present commercial enterprise functions to its managed methods. while Oracle presents a stunning function set for this demographic, it’s capabilities aren’t mainly superior to those of the large-three IaaS/PaaS providers, AWS, Azure and Google Cloud. Assuming Mark Hurd’s observation that “15 percent of the U.S. corporate-owned information facilities shut down,” is true, and it sounds plausible, Oracle has many alternatives to gain IaaS company. nonetheless, I consider Oracle will continue to play 2nd fiddle to Amazon and Microsoft in the IaaS market.

    I believe that SaaS is the greater cloud possibility for Oracle as consumers like Birmingham city school motive that if they are going to move to the cloud, why take half steps by carrying on with to function their functions? instead, they'll see the wisdom of permitting Oracle to manipulate, comfortable and update the infrastructure and purposes. indeed, given Oracle’s unparalleled potential in its personal functions, it is tremendously likely to do a far better job than the purchasers may do themselves.

    In an era of cloud applications, agencies add little to no cost by using working what have become commodity purposes like databases, e mail techniques, and different again-office structures. besides the fact that children some organizations argue that they require customized installations to meet interesting company wants, the cause becomes untenable in an era of techniques that can be extended the use of APIs and cloud PaaS frameworks. Oracle has a compelling story in each SaaS and PaaS and will probably evolve into a company that appears extra like Salesforce than AWS.

    photograph credit - by means of Oracle's image Twitter feed for OpenWorld 2018

    Disclosure - Oracle is a premier companion at the time of writing and covered most of the travel expenses for the on the floor diginomica group.




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    Shared customers will benefit from increased scalability, manageability and Security of their mission-critical systems

    NEW YORK CITY, July 11 / -- 170 Systems today announced that it will offer its flagship product line, the 170 MarkView Financial Suite, based on Oracle® Database 11g. The new performance, scalability, manageability and application development features in Oracle Database 11g will enhance 170 MarkView Financial Suite's performance and value for its Global 2000 customer base.

    One of the earliest Certified Advantage Partners in the Oracle PartnerNetwork, 170 Systems has deployed the 170 MarkView Financial Suite in the world's largest companies to optimize and manage their financial processes. The 170 MarkView Financial Suite, which is integrated with the Oracle Database and Oracle Fusion Middleware, will extend Oracle Database 11g's new benefits to its users.

    "Our customers collectively process well over $100 billion in critical financial transactions annually with the 170 MarkView Financial Suite and need a secure and reliable database platform that can adapt and scale quickly to support their growing and changing organizations. The Oracle Database 11g will further enhance these areas for our customers, while helping to reduce the time, effort and cost of maintaining their information systems," said Karl Buttner, Chairman and Chief Technology Officer of 170 Systems. "170 Systems is very pleased to have worked closely with Oracle as part of the Oracle Database 11g Beta program," Buttner added.

    "We were delighted that 170 Systems participated in the Oracle Database 11g Beta Program," said Willie Hardie, vice president of Database Product Marketing at Oracle. "Oracle Database 11g delivers a wide range of new development and management features that will help partners like 170 Systems offer customers faster performance and more scalability from their application solutions."

    About Oracle Database 11gOracle Database is the only database designed for grid computing. With the release of Oracle Database 11g, Oracle is making the management of enterprise information easier than ever, enabling customers to know more about their business and innovate more quickly. Oracle Database 11g delivers superior performance, scalability, availability, security and ease of management on a low-cost grid of industry standard storage and servers. Oracle Database 11g is designed to be effectively deployed on everything from small blade servers to the biggest SMP servers and clusters of all sizes. It features automated management capabilities for easy, cost-effective operation. Oracle Database 11g's unique ability to manage all data from traditional business information to XML and 3D spatial information makes it the ideal choice to power transaction processing, data warehousing, and content management applications.

    About Oracle PartnerNetworkOracle PartnerNetwork is a global business network of more than 19,500 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Oracle Certified Partner levels. Partners who are able to demonstrate the highest level of product knowledge, technical expertise and a commitment to business with Oracle qualify for the Oracle Certified Advantage Partner level. These partners receive a higher level of service, support, training and certification from Oracle. http://partner.oracle.com/

    About 170 Systems170 Systems is the proven leader in software solutions that manage and optimize financial processes for the world's largest companies. With over 40 percent of its customers in the Global 2000, 170 Systems' software embeds best practices in the end-to-end automation of financial processes, including Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, General Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of all transactions via a consistent process so that finance organizations can reduce operating costs, strengthen internal controls, improve service levels and maximize cash flow. 170 MarkView, the company's flagship product suite, is tightly integrated with leading ERP systems and is operational in more than 40 countries worldwide.

    For more information about 170 Systems, please call 781.743.1900 (North America), +44 0208 610 6009 (other regions) or visit www.170systems.com.

    FCMN Contact: aparker@170systems.com

    Source: 170 Systems

    CONTACT:Allison Parker of 170 Systems, +1-781-743-1991, aparker@170Systems.com

    Web site: www.170systems.com/http://partner.oracle.com/

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    Business Intelligence | News

    Cal State Adds BI to Cross-Institutional Data Warehouse Project
  • By Dian Schaffhauser
  • 08/09/10
  • The California State University system recently deployed Oracle's Business Intelligence (BI) Enterprise Edition on three of its 23 campuses as part of an ambitious cross-institutional project called the "Common Financial System Reporting and Data Warehouse."

    Cal State's initiative is intended to deliver reporting and analytic capabilities through a centrally maintained, enterprise-wide financial reporting environment and data warehouse. A goal is also to allow individual campuses to maintain reporting flexibility for their own purposes.

    The latest installation combines the BI capabilities with a previous deployment of Oracle PeopleSoft Enterprise Financial Management 9.0. The project is expected to last through July 2011. Current deliverables, according to a draft report published by Cal State in May, focus on general ledger data and reporting. Additional capabilities will be rolled out on a quarterly basis, with priorities set by a governance committee made up of representatives from a number of functional areas and institutions.

    "Considering the tough economic climate for higher education institutions throughout the country, it is critical for universities to gather business-critical information in a concise and efficient manner to ensure they are making optimal financial decisions," said Jessie Lum, senior director for the common management system in the chancellor's office. "Oracle's solutions will provide CSU with the relevant and timely information it needs to develop effective short and long-term strategies for the university."

    Several other institutions are also deploying Oracle systems, including Texas A&M University, Washington State University, and the University of Massachusetts system.

    U Massachusetts is using Oracle's BI application in an upgrade of the five-campus institution's human resources system. The deployment will incorporate HR data into executive-style dashboards. The dashboards will pull data from the university's PeopleSoft applications to support areas ranging from grants management to enrollment management. For example, the university's first set of dashboards provides role-based access for research grant data, enabling users such as administrators and principal investigators to track grant spending across the duration of the grant, alerting them if they're tracking over or under budget thresholds.

    The enterprise reporting program "provides users at all levels of the university easy access to financial information in a comprehensive format," said Jacqui Watrous, director of administrative systems for administration and finance. "We are creating dashboards that summarize our data, giving administrators the ability to see trends and details that help them efficiently manage operations."

    Washington State in Pullman is working with Oracle consultants to update its student data systems. This set of applications, many of which are 30 to 40 years old, maintains basic university functions including admissions, registration, financial aid, student records, and collection of tuition. Replacement of the "crippled" systems is urgent, according to the institution. In August 2009 Web programs that provide several of these student functions failed during registration and were unavailable for four days.

    The upgrade project was scheduled to begin in July 2010 with completion slated for October 2012. The project received $15 million in emergency funding from the state legislature.

    The new deployment will combine PeopleSoft Enterprise Campus Solutions with Oracle Database Enterprise Edition. The university system will also use Oracle's BI suite and Campus Fusion Intelligence to deliver information about student data via dashboard. Washington State opted to have the new programs hosted by Oracle.

    "By using Oracle On Demand to host our student solution, we will be able to minimize risk and maintenance efforts as well as deliver the project on time," said Viji Murali, CIO and vice president for information services.

    At Texas A&M, the Texas Engineering Experiment Station (TEES) has deployed Oracle software to help track and manage research activities. The installation includes Database 11g and several components of Fusion Middleware, including WebCenter Suite 11g and Universal Content Management. TEES has developed the platform and hosts it in a shared services model for other agencies and institutions within the A&M system.

    The software is enabling researchers to customize their individual portals and communicate with internal and external visitors through wikis and blogs. As adoption by researchers continues, TEES will roll out additional social computing tools included in WebCenter, such as workspaces, presence awareness, tagging, and a business networking tool.

    "Managing information and research projects across a number of different institutions was becoming a very costly, complex and time consuming process," said Leonarda Horvat, CIO and director of Information Systems at TEES. "To streamline this process and empower our researchers with a more dynamic and flexible user interface, we decided to deploy Oracle [products]. As a result, we have not only simplified information access, but also improved collaboration."

    About the Author

    Dian Schaffhauser is a senior contributing editor for 1105 Media's education publications THE Journal and Campus Technology. She can be reached at dian@dischaffhauser.com or on Twitter @schaffhauser.



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