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Achieving the Oracle Incentive Compensation Cloud 2019 Implementation Essentials certification demonstrates a candidate’s expertise in implementing incentive compensation solutions using the Oracle Incentive Compensation Cloud solution. Oracle Incentive Compensation Cloud 2019 Implementation Essentials certification is highly valued in the industry and can lead to new career opportunities and higher salaries.

Reference: https://education.oracle.com/oracle-incentive-compensation-cloud-2019-implementation-essentials/pexam_1Z0-1062

To pass the exam, candidates must demonstrate their ability to design and implement incentive compensation plans, understand the various components of the incentive compensation process, and use Oracle Incentive Compensation Cloud to manage and analyze compensation data. Successful candidates will be able to configure compensation plans, create and manage compensation rules, perform calculations, and generate reports and dashboards. The Oracle 1Z1-1062 certification is a valuable credential for professionals who want to advance their careers in sales compensation management and demonstrate their expertise in Oracle Incentive Compensation Cloud implementations.

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Oracle 1Z1-1062 Exam Syllabus Topics:

SectionWeightObjectives
Processes and Integration15%- Design file and web service integrations
- Run collection, import, and classification jobs
- Explain calculation modes and process sequences
Participants and Security15%- Manage resources, roles, and assignments
- Create rollup hierarchies and teams
- Set up functional and data security
Credit and Classification20%- Implement hybrid and primary crediting
- Design classification rules and rule sets
- Configure credit categories and hierarchies
Business Unit Configuration15%- Define currencies, periods, and intervals
- Set up business unit, calendars, and parameters
Plan Components and Calculations25%- Build compensation plans and plan elements
- Define performance measures and outputs
- Create formulas, rate tables, and dimensions
- Configure retro-calculations and adjustments
Reporting and Administration10%- Customize pages, flexfields, and lookups
- Create analyses using BI Composer
- Configure payment groups and approval workflows

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