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Free FINANCIAL-SERVICES-CLOUD Exam Braindumps (page: 3)

Page 2 of 44
PDF with 170 Questions

What should a Financial Advisor use to model the relationship between a business contact and a client that is modeled as a person account?

  1. Account-Account Relationship
  2. Contact-Contact Relationship and the Reciprocal Rote
  3. Reciprocal Role
  4. Account-Contact Relationship and the Reciprocal Role

Answer(s): B

Explanation:

A Contact-Contact Relationship is a construct in Financial Services Cloud that allows you to model the relationship between two contacts, such as a business contact and a client that is modeled as a person account. The Reciprocal Role is a field on the Contact-Contact Relationship object that defines how each contact relates to the other. Verified


Reference:

: Salesforce Financial Services Cloud Implementation Guide, page 64.



Which three of these statements are true for Rollup By Lookup (RBL) in Financial Services Cloud?

  1. An RBL (Rollup By Lookup) rule displays summary calculations of financial account information, such as account balances.
  2. Person Accounts need to be enabled in order to use the Rollup by Lookup functionality.
  3. The Rollup By Lookup (RBL) configuration updates the corresponding RBL summaries at the diem and group levels
  4. Salesforce does not recommend or provide support for creation or customization of Financial Services Cloud RBL rules
  5. RBL rules do not require a lot of processing power.

Answer(s): A,C,D

Explanation:

The following statements are true for Rollup By Lookup (RBL) in Financial Services Cloud:
An RBL (Rollup By Lookup) rule displays summary calculations of financial account information, such as account balances. You can use RBL rules to aggregate financial account data across different levels of client relationships.
The Rollup By Lookup (RBL) configuration updates the corresponding RBL summaries at the diem and group levels. You can use RBL configuration to define which fields are rolled up and how they are calculated for each diem and group type.
Salesforce does not recommend or provide support for creation or customization of Financial Services Cloud RBL rules. RBL rules are complex and require extensive testing and validation. If you need to create or customize RBL rules, you should contact a certified Salesforce partner or consultant. Verified


Reference:

: Salesforce Financial Services Cloud Implementation Guide, page 75. : Salesforce Financial Services Cloud Implementation Guide, page 76. : Salesforce Financial Services

Cloud Implementation Guide, page 77.



Which of the following objects do support Group-Level Rollups?

  1. Tasks
  2. Alerts
  3. Financial Accounts
  4. Action Plans
  5. Opportunities

Answer(s): C,D,E

Explanation:

The following objects do support Group-Level Rollups:
Financial Accounts: You can use Group-Level Rollups to display the total balance, total market value, and total cost basis of all the financial accounts that belong to a group. Action Plans: You can use Group-Level Rollups to display the number of action plans, the number of completed action plans, and the completion percentage of all the action plans that are associated with a group.
Opportunities: You can use Group-Level Rollups to display the total amount, expected revenue, and weighted amount of all the opportunities that are related to a group. Verified


Reference:

: Salesforce Financial Services Cloud Implementation Guide, page 80. : Salesforce Financial Services Cloud Implementation Guide, page 81. : Salesforce Financial Services Cloud Implementation Guide, page 82.



Which 3 options does the Financial Services Cloud application offer to view and update Account- Account. Account-Contact, and Contact-Contact Relationships?

  1. Actionable Relationship Center
  2. Family Members Component
  3. Relationship Map
  4. Group Members Component
  5. Life Events Component

Answer(s): A,C,D

Explanation:

The following options are available to view and update Account-Account, Account-Contact, and Contact-Contact Relationships in Financial Services Cloud:
Actionable Relationship Center: This is a Lightning component that displays a list of all the relationships for a client or a group. You can use it to view, create, edit, and delete relationships. Relationship Map: This is a Lightning component that displays a graphical representation of all the relationships for a client or a group. You can use it to visualize and navigate the relationship network.

Group Members Component: This is a Lightning component that displays a list of all the members of a group. You can use it to view, add, and remove group members. Verified


Reference:

: Salesforce Financial Services Cloud User Guide, page 34. : Salesforce Financial Services Cloud User Guide, page
36. : Salesforce Financial Services Cloud User Guide, page 38.






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