Oracle Revenue Management Cloud Certification

With this Oracle Revenue Management Cloud Certification, participants will gain the knowledge and abilities necessary to deploy Revenue Management Enterprise Resource Planning (ERP) and Financials Cloud solutions. Oracle RMCS training covers concepts from the basics to the advanced level. Individuals who get this certification training from experts at Nisa can create and implement revenue management, configure standalone pricing, handle revenue contracts, and comprehend reporting capabilities.

 Oracle Revenue Management Cloud Service is an automated tool that provides centralized revenue management (RMCS). It assists organizations in meeting the requirements of ASC 606 and the Accounting Standard IFRS 15. Oracle RMCS functions on a foundation that may be customized. According to IFRS-15, Oracle RMCS assists businesses in recognizing revenue from contracts with customers. However, this training at Nisa covers a wide range of subjects in Oracle Revenue Management Cloud Service (RMCS), including IFRS 15 and ASC 606, RMCS Overview, Financial Setups and Security, Integration & Configuration with RMCS, Configuration of SSP, Managing Contracts & Revenue, and more.

Why should you choose Nisa for Oracle Revenue Management Cloud Certification?

Nisa Trainings is the best online platform for conducting one-on-one interactive live sessions with a 1:1 student-teacher ratio. You can gain hands-on experience by working on near-real-time projects under the guidance of our experienced faculty. We support you even after the completion of the course and are happy to clarify your doubts anytime. Our teaching style at Nisa Trainings is entirely hands-on. You’ll have access to our desktop screen and will be actively conducting hands-on labs on your desktop.

Job Assistance

If you face any problem while working on Oracle Revenue Management Cloud Application, then Nisa Trainings is simply a Call/Text/Email away to assist you. We offer Online Job Support for professionals to assist them and to solve their problems in real-time.

The Process we follow for our Online Job Support Service:

• We receive your inquiry for Online Job Support.
• We will arrange a telephone call with our consultant to grasp your complete requirement and the tools you’re using.
• If our consultant is 100% confident in taking up your requirement and when you are also comfortable with our consultant, we will only agree to provide service. And then you have to make the payment to get the service from us.
• We will fix the timing for Online Job Support as mutually agreed by you and our consultant.

Course Information

Oracle Revenue Management Cloud Service Certification Course

Duration: 25 Hours

Timings: Weekdays (1-2 Hours per day) [OR] Weekends (2-3 Hours per day)

Training Method: Instructor Led Online One-on-One Live Interactive Sessions.

COURSE CONTENT :

1. Introduction to Oracle Revenue Management Cloud

• Overview of Oracle Revenue Management Cloud
• Key features and benefits
• Importance of revenue recognition and compliance
• Integration with other Oracle Cloud applications (e.g., Oracle Financials Cloud, Oracle ERP)
• Key terminologies and concepts (e.g., revenue contracts, performance obligations, billing)

2. System Setup and Configuration

• Setting up Oracle Revenue Management Cloud environment
• Configuring user roles and permissions
• Defining accounting and reporting rules
• Integrating with Oracle Financials Cloud
• Managing multi-currency and multi-book environments
• Defining chart of accounts and revenue models

3. Revenue Contracts Management

• Creating and managing revenue contracts
• Understanding contract types (e.g., fixed-price, time and materials)
• Associating performance obligations with contracts
• Tracking contract amendments and updates
• Managing contract lifecycle (from inception to close)

4. Revenue Recognition and Allocation

• Introduction to revenue recognition standards (e.g., ASC 606, IFRS 15)
• Setting up revenue recognition rules and methods
• Allocating revenue across performance obligations
• Handling variable consideration and constraints
• Managing contract modifications and changes in estimates
• Calculating and recognizing revenue over time or at a point in time

5. Billing and Invoicing

• Generating invoices based on revenue recognition
• Creating and managing billing schedules
• Integration with Oracle Receivables Cloud for invoicing
• Managing billing types (e.g., milestone-based, subscription-based, and usage-based)
• Handling credit and debit memos

6. Reporting and Analytics

• Introduction to reporting tools in Oracle Revenue Management Cloud
• Standard and custom financial reports (e.g., revenue reports, contract status, aging reports)
• Using dashboards for performance monitoring and compliance tracking
• Running revenue recognition and billing reports
• Integrating with Oracle Analytics Cloud for advanced reporting
• Understanding audit trails and reconciliation reports

7. Compliance and Governance

• Ensuring compliance with accounting standards (ASC 606, IFRS 15)
• Managing revenue disclosures and audit trails
• Handling financial close processes
• Managing internal controls and segregation of duties
• Handling revenue restatements and adjustments

8. Advanced Topics

• Managing complex contracts with multiple performance obligations
• Handling contract reclassifications and updates
• Integration with third-party systems for billing and payment processing
• Advanced analytics and AI-driven insights for revenue optimization
• Managing deferred revenue and prepaid contracts
• Support for international taxation and VAT/GST compliance

9. System Administration and Maintenance

• Managing system upgrades and patches
• Data migration and system backups
• Troubleshooting and performance tuning
• User management and access control
• Best practices for maintaining the Oracle Revenue Management Cloud environment