Salesforce Certified Financial Services Cloud Practice Test

Question 101

A financial services company wants to plan ahead for designing the Financial Services Cloud (FSC) implementation. Which three activities should the implementation team prioritize during planning?

A.

Prepare for integrations with transactional systems, external data sources, custodians, and any other platforms that the company's business relies on.

B.

Beyond the preconfigured settings, evaluate whether they need advanced customizations.

C.

Enable and configure person accounts in FSC, and assign users with permission set licenses.

D.

Review the out-of-the-box capabilities and compare them to the company's current needs.

E.

Design the modifications to fields, picklists, layouts, and othKrequired features to support business processes.

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Suggested answer: A, B, D

Explanation:

The following activities should be prioritized by the implementation team during planning for designing the Financial Services Cloud implementation:

Prepare for integrations with transactional systems, external data sources, custodians, and any other platforms that the company's business relies on. Integrations are the connections or interactions that allow data or functionality to flow between different systems or platforms. You should prepare for integrations with your existing or new systems or platforms that support your business processes, such as transactional systems, external data sources, custodians, or other platforms. You should also consider the integration methods, tools, requirements, and challenges that you will need to address during the implementation.

Beyond the preconfigured settings, evaluate whether they need advanced customizations. Customizations are the changes or modifications that you make to Salesforce to meet your specific business needs or preferences. You should evaluate whether you need advanced customizations beyond the preconfigured settings that Financial Services Cloud provides out of the box, such as custom objects, fields, formulas, validation rules, workflows, triggers, or components. You should also consider the impact, benefits, and risks of your customizations on your data model, user interface, performance, security, or maintenance.

Review the out-of-the-box capabilities and compare them to the company's current needs. Out-of-the-box capabilities are the features or functions that Financial Services Cloud offers without any customizations or configurations. You should review the out-of-the-box capabilities and compare them to your company's current needs and expectations. You should also identify any gaps or opportunities for improvement that you can address with configurations or customizations during the implementation. Verified

Reference: : Salesforce Help Article [12] : Salesforce Help Article [13] : Salesforce Help Article [14]

asked 23/09/2024

antonio de simone

45 questions

Question 102

An investment bank is implementing Financial Services Cloud (FSC) to manage the deal pipeline. Each opportunity has confidential information that the deal team members must only view. In addition, each member needs the ability to take and share notes directly within Salesforce with others on the team.

Which three FSC features should be part of the solution design?