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1Z0-335 Oracle Financials Cloud: Receivables 2016 Implementation Essentials

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1Z0-335 exam Dumps Source : Oracle Financials Cloud: Receivables 2016 Implementation Essentials

Test Code : 1Z0-335
Test designation : Oracle Financials Cloud: Receivables 2016 Implementation Essentials
Vendor designation : Oracle
: 165 existent Questions

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Oracle Oracle Financials Cloud: Receivables

Salesforce associate GSD Acquires Oracle NetSuite Cloud ERP advisor Audaxium | killexams.com existent Questions and Pass4sure dumps

GSD enterprise, a Salesforce partner, has received Audaxium, an Oracle NetSuite cloud functions consulting partner, for an undisclosed sum.

GSD enterprise, headquartered in long island city, is a expertise consulting company with extra offices in Atlanta, Georgia, Toronto, Ontario, and Vancouver, British Columbia. The company gives consumer relationship administration, consumer carrier administration, and advertising automation solutions primarily on the Salesforce.com platform. The enterprise works generally within the economic functions, nonprofit, buyer, and expert functions industries.

Audaxium, situated a decade ago in Toronto, is an Oracle NetSuite Alliance and Suite Developer community associate.

The GSD-Audaxium deal represents a market irony: even as competition between Salesforce and Oracle NetSuite intensifies, partners can continue to constrain revenues from each cloud software structures.

GSD commerce Acquires Audaxium: executive perspectives

Rob MacEwen

Gregody DelGenio

Gregory DelGenio, companion and chief income officer at GSD commerce commented on the deal:

“Our mission is to allow their valued clientele to maximise their funding on the world’s most innovative know-how with the aid of structure mighty and particular industry-focused options to appropriate the evolving wants of a turning out to exist business. Augmenting the world’s most inventive income, service, advertising, and rendezvous technology alongside the most valuable and optimized cloud-based ERP, will release tall value and streamlined operations for their valued clientele.”

Rob MacEwen, CEO of Audaxium delivered:

“via fitting a share of GSD enterprise, their group of Oracle NetSuite consultants and developers might exist in an even superior space to uphold shoppers procure probably the most price out of their know-how. Their mixed operations and funding from GSD will equate to an improved stage of uphold from their collective teams. together with GSD, I appear to exist ahead to carrying on with their unrelenting commitment to client success sooner or later.”

The total Audaxium crew will relate GSD enterprise as full-time personnel, the organizations mentioned. We’re checking on headcount figures.

Oracle NetSuite partners: M&A exercise

M&A endeavor involving Oracle NetSuite companions has been steady. among the many offers we’ve been monitoring:

Salesforce partners: M&A exercise

meanwhile, Salesforce partners devour considered considerable M&A undertaking of late. each as the acquirer and the acquisition taret. here are just a few of the offers we’ve been following:

  • Infosys bought Fluido, a Salesforce cloud consulting, implementation and practicing ally with attain across Europe.
  • Cognizant technology solutions got SaaSfocus, an incredible Salesforce cloud consulting associate within the Asia-Pacific (APAC) space with operations in Australia and India.
  • ScanSource bought Canpango, an implementation and cloud consulting partner.
  • FMT Consultants, a Microsoft and NetSuite partner, got red Sky options of Orange County, California in might moreover 2018.
  • Simplus in can moreover 2018 received CirrusOne, a Salesforce and Oracle ally that offers consulting services for CPQ (configure, expense, quote) and quote-to-cash options.
  • Spaulding Ridge bought Baun Consulting, a cloud CRM accomplice.
  • Capgemini acquired Lyons Consulting group, a Commerce Cloud associate.
  • BV funding partners got manage of Apps buddies, an IT functions enterprise.
  • Simplus raised $9.3 million in collection B funding & got Salesforce accomplice CRM manager.
  • Silverline, a Salesforce platinum cloud consulting partner, attracted Pamlico Capital inner most equity investment for fiscal functions, healthcare push.

  • Oracle Launches up to date and comfy Oracle fiscal features Cloud | killexams.com existent Questions and Pass4sure dumps

    REDWOOD SHORES, CA--(Marketwired - Jan 13, 2015) - Oracle ( NYSE : ORCL )

    information summary fiscal services companies devour very particular wants concerning IT safety, privateness, compliance, and regulatory requirements. at the identical time, these businesses deserve to maintain returned-office approaches, streamline operations, and travail correctly to reside competitive. To facilitate the adoption of cloud applied sciences and address these criterion trade requirements and challenges within the fiscal functions trade, Oracle has unveiled Oracle economic features Cloud.

    information statistics

  • To uphold economic services businesses adopt cloud applications while adhering to safety, privacy, and compliance wants, Oracle has introduced Oracle economic services Cloud.
  • Oracle fiscal features Cloud is a modern community cloud offering committed to the economic services trade together with banks, insurance and funding companies, and securities associations, as well as different regulated commerce corporations.
  • purchasable now for US-based mostly monetary functions businesses, this unique retort gives economic capabilities corporations with a at ease stream to the cloud that helps their compliance wants.
  • Oracle fiscal capabilities Cloud offers facts privacy, compliance features, commercial enterprise-level support, and low organizational risk, together with in-area hosting, alignment with FINRA rules, and superior security to deliver records privateness and insurance plan.
  • part of the Oracle commerce applications Cloud portfolio, Oracle fiscal features Cloud supports the enjoyable necessities of monetary functions organizations for human capital administration, enterprise useful resource planning, and client journey within the cloud.
  • Oracle Public Cloud offers a plenary portfolio of cloud choices that are customized, secure, and connected and provide a pragmatic path to the cloud for Oracle purchasers.
  • Oracle's cloud portfolio offers a complete purview of construction-stage, go-functional commerce applications for each a share of a firm, everything enriched with convivial rendezvous and collaboration tools and an intuitive consumer interface that works on any cellular machine.
  • These applications had been architected on a latest and open provider-oriented platform and infrastructure to simplify integration needs and lessen an organization's total can imbue of ownership.
  • Key aspects:

  • Oracle fiscal services Cloud presents trade-specific capabilities to economic features valued clientele which are designed to uphold them manage returned-office operations and human components, and carry an excellent client adventure.
  • built-in performance with Oracle commercial enterprise resource Planning Cloud (Oracle ERP Cloud) -- composed of Oracle Financials Cloud, Oracle Procurement Cloud, and Oracle venture Portfolio management Cloud -- lends complete options for returned-office capabilities, including criterion every day balances and assorted reporting currencies.
  • Oracle ERP Cloud provides key perception from superior reporting and analysis equipment.
  • Its cell capabilities enable clients to access the retort anyplace at any time.
  • Embedded convivial capabilities with convivial enterprise objects hearten enhanced collaboration throughout groups.
  • Oracle Human Capital management Cloud (Oracle HCM Cloud) delivers coincident HR within the cloud to aid corporations find, develop, and maintain the most fulfilling ability; allow collaboration on any device; give comprehensive corpse of workers insights; and enhance operational efficiency.
  • Oracle HCM Cloud is designed to multiply world agility by using requiring consistency whereas helping indigenous HR practices.
  • group of workers and skill management analytics supply strategic visibility to previous and latest facts, and can uphold produce future predictions.
  • skill management functionality helps groups effectively source, recruit, improve, and preserve properly talent to remain competitive.
  • clients can access the plenary latitude of Oracle HCM Cloud options on their mobile instruments by pass of a single, unified undergo in any browser or by the exercise of the cellular application.
  • Oracle client event Cloud (Oracle CX Cloud) is a complete set of highest quality-in-classification, integrated, cloud-enabled solutions that embody the entire client adventure. Oracle has currently up-to-date Oracle CX Cloud to uphold corporations damage down organizational barriers that allows you to customize engagements, build advocacy, and grow earnings.
  • Oracle CX Cloud is designed to uphold groups enrich manufacturer experience, together with consumer delight, service best, and reliability.
  • suggestions-based needs analysis helps pressure exact throughout channels to multiply earnings and pockets share.
  • The Oracle Cloud Platform enables valued clientele and companions to easily construct unique purposes, lengthen Oracle software as a provider (SaaS) applications, and migrate current on-premises purposes to the cloud. The Oracle Cloud Platform presents consumers and companions the identical platform as a service (PaaS) basis upon which Oracle runs its personal SaaS applications and upon which many SaaS providers rely. not relish other clouds that present features in one or two layers, Oracle Cloud is the best cloud that grants a large portfolio of integrated capabilities across records, purposes, platform, and infrastructure areas.
  • helping Quote

  • "cutting-edge savvy fiscal features groups need to migrate their purposes to the cloud to hold potential of coincident technologies, relish convivial and mobile capabilities," observed Thomas Kurian, president, Oracle Product building. "Designed to address the spellbinding safety concerns of the economic functions industry, Oracle fiscal services Cloud is a committed community cloud with world category security to empower monetary functions corporations to undertake cloud applications. by pass of addressing the business's typical cloud concerns and challenges round security, privateness, and compliance, Oracle has made it less complicated for incredible associations to modernize their key IT options."
  • supporting substances 

    About Oracle Oracle engineers hardware and application to travail collectively within the cloud and to your information middle. For extra suggestions about Oracle ( NYSE : ORCL ), consult with oracle.com.

    logos Oracle and Java are registered logos of Oracle and/or its associates. other names may exist trademarks of their respective homeowners.


    New Oracle Banking APIs uphold Banks construct quicker, more advantageous capabilities | killexams.com existent Questions and Pass4sure dumps

    manhattan, April 10, 2018 /PRNewswire/ -- Oracle commerce connect – Oracle economic capabilities today announced the conventional availability of a unique retort Oracle Banking APIs targeted at assisting banks embarking on an Open Banking journey. Banks can hold talents of the ready to consume APIs to accelerate their initiatives to faucet unique opportunities offered by using open banking and laws relish PSD2. Oracle Banking APIs allow banks to construct seamless partnerships with third-birthday celebration expertise businesses, effortlessly integrate with company customer applications and in the reduction of the time between API ideation and birth.

    Banks nowadays are faced with the daunting assignment of identifying underlying programs, designing customized APIs and exposing them for consumption. This procedure can hold between 12 to 24 months, reckoning on the complexity of the banks' IT landscape. Oracle Banking APIs reduces this application by pass of featuring banks a prebuilt repository of more than 1,500 leisure APIs which were matured in keeping with Oracle's event of servicing 600+ banks throughout one hundred forty international locations over two many years.

    "The early mover information is essential for fulfillment for banks in the open banking period," said Chet Kamat, Senior vp, Oracle fiscal functions. "Oracle Banking APIs is designed to deliver acceleration, and aid banks gain aggressive talents out there."

    "At Weatherbys bank, they believe in providing customized provider, considering that every customer a special individual. Oracle Banking APIs will enable us to give imaginative tailored features, while managing client consent, id and safety," observed Suzie Batten, Chief know-how Officer, Weatherbys fiscal institution. "With Oracle Banking APIs, Weatherbys can conform to PSD2 and Open Banking guidelines in the UK. They appear forward to simplifying their valued clientele' monetary transactions and boost their value in making banking an effortless event."

    Banks that exercise Oracle Banking APIs can hold abilities of pre-integration with current Oracle core banking systems, Oracle Banking Digital adventure, Oracle identification Cloud service and Oracle API Platform Cloud service. The retort is moreover able to working with any core banking or on-line banking answer, identification management and API gateway answer. 

    Key elements of Oracle Banking APIs:

  • more than 1,500 APIs in the sphere of funds, retail and corporate banking together with specialized functionalities comparable to multiproduct originations, retail client fiscal insights, bulk payments, and alternate finance
  • Dynamic customizable APIs that maintain in wit enterprise logic with clever pre- and achieve up-processing capabilities
  • Centralized alternate management for faster-time-to-market
  • Ease of integration with any present banking options
  • Oracle economic features Hackathon allows for Fintechs on Oracle Banking APIsAs a share of its Open Banking initiative Oracle monetary capabilities teamed with Oracle Cloud Startup Accelerator (OCSA) & Oracle Scaleup Ecosystem to host its first Fintech concentrated Hackathon. Thirteen Fintech startups devour been carefully selected to participate and tackle Important domain areas. They were supplied a API Sandbox of Oracle Banking APIs to improve exercise cases. The Fintech contributors cowl areas such identity verification, AI, funds, credit score scoring, very own fiscal administration, account receivables and market.

    The world initiative provides Fintechs entry to Oracle's ecosystem of banking consumers across a hundred and forty+ international locations and provides banks a set of Fintechs which might exist able to integrate to their landscape and remedy existent world issues–all powered by pass of Oracle Banking API. Fintechs from the Hackathon are providing at Oracle industry join.

    The Fintech contributors include: Signzy, energetic AI, Teknospire, Zwift Pay, KapitalWise, Bnesis, Qalize, Happay, Statanalytics, Lifesaver, Numberz, Raisin and Unscrambl.

    About OracleThe Oracle Cloud presents finished SaaS utility suites for ERP, HCM and CX, plus top of the line-in-class database Platform as a provider (PaaS) and Infrastructure as a service (IaaS) from records centers during the Americas, Europe and Asia. For greater suggestions about Oracle ORCL, +0.88% gratify talk over with us at oracle.com.

    Oracle trade ConnectFor greater counsel about how Oracle is committed to empowering businesses via optimum-in-type, business-selected enterprise solutions, contend with oracle.com/industries. To study more about Oracle commerce connect 2018, fade to oracle.com/oracleindustryconnect.

    TrademarksOracle and Java are registered logos of Oracle and/or its affiliates. other names could exist trademarks of their respective house owners.

    secure HarborThe preceding is suppositious to profile their widely wide-spread product path. it is intended for advice functions best, and might now not exist integrated into any contract. It is not a commitment to carry any cloth, code, or performance, and will no longer exist relied upon in making buying decisions. The construction, unlock, and timing of any facets or performance described for Oracle's products remains on the sole discretion of Oracle employer.

    View fashioned content with multimedia:http://www.prnewswire.com/information-releases/new-oracle-banking-apis-help-banks-construct-quicker-stronger-functions-300626082.html

    source Oracle

    Copyright (C) 2018 PR Newswire. everything rights reserved


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    Oracle Financials Cloud: Receivables 2016 Implementation Essentials

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    Latest Oracle OPN 1z0–334 Exam Questions and Answers | 1z0–334 Dumps | killexams.com existent questions and Pass4sure dumps

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    The Topics for The Oracle 1z0–334 Exam Include:
  • Describe Functional Setup Manager
  • Describe the configuration packages
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    Baron occasion Fund (the "Fund") had a tough first quarter, rising 15.09% (Institutional Shares). The Fund outperformed both the Russell 3000 Growth Index, which advanced 8.63%, and the S&P 500 Index, which rose 6.07%.

    The Fund has had a tough start to 2017. Paraphrasing what I wrote in January for my final letter, the mere act of opening the unique calendar seemingly provoked a backflip in market sentiment and leadership, reversing the earlier swivel triggered by the presidential election result. In a manner of speaking, they devour witnessed a "reversion to the mean" of what prevailed before the election and speculation took over concerning what sectors would capitalize from the Trump presidency. In November and December 2016, they rejected engaging in speculation and chasing the sectors that were then leading the market, but chose to remain on their path of emphasizing the businesses and secular megatrends that they believe will drive long-term growth regardless of the underlying political or economic environment. The Fund's performance this quarter reinforces their conviction that this was the right call.

    The market is now digesting the failure of the ACA "repeal and replace" legislation and what it means for the U.S. health care industry; murky, if not completely opaque, information on what a corporate-tax reform bill might stare relish and the likelihood and timing of it passing both houses of Congress; the escalating quagmire of Syria; and the Congressional and FBI investigations into the Russian hacking of the 2016 election and everything the entangled political scandals. On the economic front, the U.S. economy is growing at a solid, albeit slower-than-pre-crisis rate, unemployment is approaching "full employment" levels and the Federal Reserve is signaling a late but uniform normalization of interest rates. As I devour written many times, while they attempt to remain abreast of politics, economics and international events, they conclude not try in any pass to forecast the unpredictable in these areas or trade on the short-term poll results that they might drive through the market voting machine.

    What they conclude know is that the secular innovation trends they focus on are more powerful than ever. These generational, paradigm or tectonic shifts are imposing major changes across industries and society. Indeed, every legacy software company - IBM, Microsoft and Oracle - is now claiming to exist a cloud software vendor. Every decades-old automobile manufacturer is launching electric vehicles and deploying, developing or acquiring autonomous driving technology. Every legacy media company, as well as the telco's and cable companies, are struggling to relate the digital age of on-demand content and people-based targeted advertising (note Verizon's acquisitions of AOL and Yahoo and ATT's of DirecTV).

    We are in the dawning stages of a unique age of digital services that might exist called the "intelligence," "algorithmic," or "big data" era. In the analog world, the flash you hold a product out of the store it begins to lose value and, over time, decline in usefulness. But today's digital services procure better the more they are used - more exercise (and users) yields more data which is captured and analyzed to improve the service - rinse and repeat.

    We believe another capitalize of the Fund is that it is an all-cap fund and they can invest in these trends up and down the market cap spectrum. Acxiom is helping to drive the shift to people-based advertising by enabling enterprises to bring their own customer data securely in a privacy-compliant manner to ad platforms in order to better target their own customers and to find unique customers that stare relish their best ones. Wix, the global leader in do-it-yourself websites, recently rolled out its latest innovation of ersatz intelligence (AI) website creation - Wix ADI (Artificial Design Intelligence) - where a unique user answers a few questions about their commerce and Wix automatically designs the first draft of a website. This should vastly improve conversion rates because it addresses the all-too-human psychological trait of having a arduous time just getting started (sometimes called "analysis paralysis"). Over time, the more websites Wix automatically designs, and the more it watches how its users modify the initial drafts, Wix's ADI website generation should procure better and better.

    Below is their more inclusive list of the powerful secular themes in which they invest:

  • Cloud computing and software-as-a-service (SaaS)
  • Digital (Internet-delivered) media
  • Electronic medical records
  • Minimally-invasive surgical procedures
  • Targeted digital advertising
  • Electric drive vehicles and autonomous driving
  • By pinpointing innovative businesses capitalizing on these potent secular trends, they devour been able to build portfolios that consistently deliver top-line growth rates that are orders of magnitude above the common economy, as reflected in broad market indexes. Below they present the revenue growth rates of the S&P 500 Index, the Russell 3000 Index, and the Russell 3000 Growth Index as compared to their portfolio for the first, second, third and fourth quarters of 2016:

    Shares of electric vehicle company Tesla, Inc. (TSLA) rose during the first quarter on the back of several positive developments. In January, Tesla officially launched cell and battery production at the Gigafactory, one of the world's largest manufacturing facilities, which will potentially drive significant electric battery cost reductions. On its fourth quarter earnings call, Tesla forecast 47,000 to 50,000 first half deliveries of its Model S and X vehicles, an multiply of 65%. Moreover, Tesla announced that it remains on target for a 2017 launch of its mass market Model 3, potentially the largest product cycle in history, with initial production slated to start this summer. In March, Tesla raised almost $1.4 billion of capital, strengthening its equipoise sheet to uphold investments ahead of the Model 3 launch. Additionally, the company's SolarCity acquisition is on track, showing less cash drain than initially feared by investors. Finally, they believe a pro-U.S. jobs administration is a tailwind for Tesla as it is one of North America's fastest growing employers. (Ishay Levin/Gilad Shany)

    Shares of Amazon.com, Inc. (AMZN), the world's largest retailer and cloud services provider, rose during the first quarter after the company reported tough fiscal results. Amazon continues to capitalize from its flywheel strategy, where more participation from Prime members drives greater loyalty and purchasing on Amazon.com. Indeed, according to recent surveys, Amazon captured 53% of U.S. e-commerce sales growth in 2016 (EMarketer, Inc.) and a plenary 55% of U.S. online shoppers start their product discovery right on Amazon's site (Activate Tech and Media Outlook). Moreover, Amazon is the world's preeminent provider of cloud computing services, with its Amazon Web Services (AWS) segment achieving an over $14 billion hasten rate and quiet growing almost 50%. They believe AWS will exist a significant incremental contributor to Amazon's overall value creation. Finally, the company moreover continues to invest in unique and potentially large commerce opportunities, such as TV content, voice-controlled services (Echo and Alexa), digital advertising, e-finance, commerce supplies and apparel. (Ashim Mehra)

    Shares of Mobileye N.V. (MBLY), maker of vision-based advanced driver assistance systems, rose in the first quarter in response to Intel's offer to acquire the company. They devour long believed in the potential for Mobileye to become the "Intel Inside" of cars of the future. They believe Mobileye's entrepreneurial management team has clear goals that can capitalize society, and they stare forward to its product development around semi-autonomous and autonomous driving. (Gilad Shany)

    Shares of Glaukos Corporation (GKOS), a pioneer of minimally-invasive products and procedures for the treatment of glaucoma, were up in the first quarter due to tough fiscal results that beat Street expectations, with revenues growing 64%. The company moreover raised 2017 guidance and announced conducive Medicare reimbursement. Glaukos' products and procedures are currently approved for only a subset of the market. They believe the company will continue to deliver tough growth as its product coverage broadens. (Josh Riegelhaupt)

    Shares of P&C insurance software vendor Guidewire Software, Inc. (GWRE) were up in the first quarter. Guidewire is the leading P&C core systems vendor, as evidenced by near-perfect retention rates, growing installed base, and accelerating adoption. The company is early in its core system replacement cycle, and has tripled its addressable market through unique products and cloud delivery. They believe that Accenture's unique relationship with Guidewire will uphold to enhance pricing and win rates and abridge sales cycles. (Neal Rosenberg)

    Shares of athletic apparel company Under Armour, Inc. (UA) declined in the first quarter after the company reported fourth quarter revenues and earnings and provided 2017 guidance that missed Street expectations. Increased promotional activity in the athletic apparel space, improved competitor positioning and the bankruptcy of Sports Authority is pressuring UA's wholesale business. They exited their remaining UA shares during the quarter. (Michael Baron)

    Shares of benefits software vendor Benefitfocus, Inc. (BNFT) were down in the quarter after the company reported 2017 guidance that was lower than analysts expected. They are aware of several short-term headwinds, including longer-than-expected implementation periods for large national accounts (resulting in delayed revenue recognition of these sizable deals), slower employer signings because of a sales restructuring (which created the national account team) and uncertainty in the market due to the political situation surrounding the Affordable care Act. While they believe these headwinds will weigh on reported growth through mid-2017, they don't believe they repercussion the significant long-term opportunity. (Neal Rosenberg)

    Zillow Group, Inc. (ZG) is the leading online existent estate company in the U.S. Shares were down after the company gave a 2017 profit outlook that missed Street expectations, due to strategic investments and what they believe are conservative expectations for the revenue repercussion of several recently launched unique products. They believe these products will meaningfully drive Zillow's revenue capture of existent estate advertising and will multiply in their repercussion as they trail through 2017. As the leader in a highly fragmented market, they believe Zillow remains well positioned to continue to grow its market share. (Ashim Mehra)

    Proofpoint, Inc. (PFPT) offers cloud-based cybersecurity and archiving tools to uphold companies protect assets such as e-mail, cloud software applications and convivial media. Shares fell in the first quarter due primarily, in their view, to a Street analyst downgrade that raised concerns regarding potential increased competition from Microsoft Office 365's built-in e-mail capabilities and risks of a deceleration of billing growth. They retain conviction in Proofpoint's growth drivers, including the significance of e-mail in today's workflow, the increasing need to protect against convivial engineering attacks, McAfee displacement, migration to Office 365 and growing channel ally programs. (Ishay Levin)

    Synchrony fiscal (SYF), the largest issuer of private label credit cards in the U.S., reported better-than-expected fiscal results with 12% growth in receivables, 13% growth in net interest income and significant margin expansion. However, the stock underperformed due to increasing concerns over consumer credit and broader underperformance of bank stocks, reversing their significant outperformance in the aftermath of the election. They continue to own the stock because they believe credit losses will exist manageable and that the company has a long runway for profitable growth. (Josh Saltman)

    Portfolio Structure

    The Fund invests in high-growth, innovative businesses across everything market capitalizations. As of the cease of the first quarter, the largest market cap holding in the Fund was $579.4 billion and the smallest was $858 million.

    The median market cap of the Fund was $14.6 billion. The Fund had $221.2 million of assets under management. The Fund had investments in 46 securities. The Fund's top 10 positions accounted for 45.3% of the portfolio.

    The Fund initiated a unique position in SS&C Technologies Holdings, Inc. (SSNC) during the quarter. SS&C is a leading provider of mission-critical software products and services that allow fiscal service companies to automate and outsource commerce processes. SS&C offers a vast portfolio of applications and services for portfolio management and accounting, fiscal modeling, trading, treasury management, and in particular, fund administration. The company's products offer critical functionality to users, carry lofty ROIs relative to internally-developed software or paper-based processes, and are needed to meet regulatory requirements. They were able to acquire shares at attractive prices during the quarter due to market concerns about the health of the company's hedge fund administration business. They believe that SS&C is poised to generate accelerating organic growth as it benefits from its enhanced scale and an improved competitive environment in the fund administration space, cross-sells products and services to its dramatically expanded customer base, and focuses on revenue growth from the integration of the Advent, Citi and Wells Fargo's fund administration services, Conifer and Primatics acquisitions. SS&C now has a commerce that will generate almost $500 million per year in free cash flow, which opens up optionality around capital deployment, including continued M&A activity, deleveraging and a potential revert of capital to shareholders.

    We initiated a position in Wix.com Ltd. (WIX) during the quarter. Wix is the global leader in the do-it-yourself website structure market, with 100 million registered users and 2.5 million premium subscribers. In addition to website building, Wix provides micro-businesses with tools to hasten their businesses, including marketing, scheduling and relationship management, among others, while charging them only about $13 a month on average. Wix's growth is driven by extending its horizontal and plumb features as well as increasing the number of targeted verticals, such as hotels, restaurants, e-commerce and photographers. As highlighted above, Wix's product innovation drives increasing conversion rates and enables Wix to multiply its wallet share. The source of Wix's competitive edge is its brand designation and marketing compass along with its technological lead resulting in faster iteration with first-to-market features and plumb offerings. Wix's subscription commerce model yields tough cohort economics, creating a predictable and a profitable commerce model (acquire a cohort once, procure subscriptions forever). They believe Wix has major upside as it continues to innovate and transmute an increasing number of businesses to premium subscribers.

    We initiated a position in Varonis Systems, Inc. (VRNS) this quarter. Varonis helps organizations manage and protect their unstructured human-generated data (think office documents, PDFs, etc.) through a unique mouse trap - a proprietary software engine that captures, stores and analyzes the metadata of files in existent time. They relish to believe that Varonis is doing inside the enterprise what Google is doing over the internet - if you devour an facile pass to index every file and track its use, you can provide lofty value-add services. One of these Important services is insider threat protection. Varonis enables information technology managers to understand, in existent time, where their data is, who has access to it and how it's being used. This service has proven to exist a highly efficient implement in combatting the growing problem of ransomware. This has been one of the fundamental growth drivers for the company over the final year. Varonis has additional products and services, which they believe over time it will exist able to sell into their existing and unique customers. They believe Varonis plays in a large market with tough growth trends and benign competition. They relish the pace of innovation and execution of the company and its consistency and stare forward to seeing more from team Varonis in the future.

    We recently established a position in Proofpoint, Inc. (PFPT). They believe it is addressing a large market occasion through its leading cloud-based cybersecurity and archiving platform, enabling companies to protect assets such as e-mail, cloud software applications and convivial media. They believe Proofpoint is positioned to gain market share as customers rethink their security architecture following deployments of unique cloud applications, such as Office365, as well as the rising complexity of the IT environment and the evolving cyber-threat landscape. In addition, they believe the recently announced partnerships with vendors such as Palo Alto, Splunk and McAfee should provide the company additional occasion for accelerated growth. Lastly, they anticipate the company to continue to exercise the data it collects to create improved threat protection products, and to leverage its tough brand and customer relationships to cross- and up-sell these enhanced solutions into its expanding customer base.

    We initiated a position in Synchrony Financial, the largest provider of private label credit cards in the U.S. Synchrony partners with leading retailers such as Lowe's, Walmart, and Amazon to offer their customers credit products to finance the purchase of goods and services. These partnerships are win-win-win since merchants capitalize from higher sales and stronger customer loyalty, customers devour access to credit and promotional offers, and Synchrony earns attractive margins and returns on capital. They believe that Synchrony will exist a prime beneficiary of the secular growth of private label credit cards, which is growing 2 to 3 times faster than overall retail sales and has a long runway for growth given that private label represents only 3% of total card spending in the U.S. Synchrony is the largest player in a consolidated industry with meaningful barriers to entry, including economies of scale, the significance of marketing expertise, nearby integration with merchants and long-term contracts. The company has significant excess capital and is a plenary U.S. taxpayer, so there's upside potential from capital deployment and corporate tax reform. Synchrony has a long track record of success under GE's prior ownership that they believe will continue for many more years.

    The above-listed sales of Alphabet Inc., Equinix, Inc. and Amazon.com, Inc. were merely trims, as everything three stocks performed well in the quarter, in order to fund other purchases and the low flush of Fund redemptions they experienced during the first quarter. Amazon remained the Fund's largest position, Alphabet (Google) a top 10 position, and Equinix a top 20 position.

    We trimmed Mobileye N.V. after the announcement of its acquisition by Intel.

    We sold about half of their Mellanox Technologies Ltd. (MLNX) position after the company reported a weaker-than-expected fourth quarter and gave first quarter guidance that moreover missed expectations. In 20/20 hindsight their sale was hasty and in error. As they dug in, they came to the conclusion that the short-term pressure on sales was merely due to timing and inescapable product transitions. They did not wish to compound their error, and they added back to their position even as the shares recovered. They remain quite confident in the occasion ahead of Mellanox and its skill to capture it.

    To conclude, I believe wholeheartedly in the strategy of the Fund: growth based on powerful, long-term, innovation-driven secular growth trends. In the highly uncertain world they live in, they believe non-cyclical, sustainable, and resilient growth should exist share of investors' portfolios.

    Sincerely,

    Michael A. Lippert

    Portfolio Manager

    The discussions of the companies herein are not intended as advice to any person regarding the advisability of investing in any particular security. The views expressed in this report reflect those of the respective portfolio managers only through the cease of the age stated in this report. The portfolio manager's views are not intended as recommendations or investment advice to any person reading this report and are topic to change at any time based on market and other conditions and Baron has no duty to update them.

    This article first appeared on GuruFocus.



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