2024 Realistic Financial-Services-Cloud Dumps Questions To Gain Brilliant Result [Q50-Q64]

July 3, 2024 latestexam 0 Comments

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2024 Realistic Financial-Services-Cloud Dumps Questions To Gain Brilliant Result

Start your Financial-Services-Cloud Exam Questions Preparation with Updated 172 Questions

Salesforce Financial Services Cloud is a powerful tool that helps financial professionals manage their clients’ financial information, including assets, liabilities, and investment portfolios. The FSC Accredited Professional Certification Exam covers topics such as configuring and customizing the Financial Services Cloud, managing client data, and creating and managing financial plans. Salesforce Financial Services Cloud (FSC) Accredited Professional certification exam also covers best practices for data security and compliance, which is essential for financial professionals who must adhere to strict regulatory requirements. By earning the FSC Accredited Professional Certification, financial professionals can demonstrate their expertise in using Salesforce’s Financial Services Cloud and their commitment to delivering exceptional customer service to their clients.

Q50. Lake Tahoe Bank branch manager Sue Barry wants to encourage all Personal Bankers to use Action Plans to capture repeatable tasks and automate the task sequences, improving collaboration and productivity. Which three of the following statements about Action Plans are true?

When you work with Action Plans, you first create Action Plan Templates

Action Plans require a monthly license fee per user

Action Plans can be used to schedule appointments with the Bankers

Action Plans make it easy to create reports and dashboards, so you can monitor progress and ensure compliance

Action Plans can be used to automatically assign task owners and deadlines for specific client engagements

Explanation
The following statements about Action Plans are true:
When you work with Action Plans, you first create Action Plan Templates, which are reusable sets of tasks that define a common client process1.
Action Plans make it easy to create reports and dashboards, so you can monitor progress and ensure compliance. Users can use standard report types or custom report types to create reports on action plans, action plan templates, action plan items, action plan item templates, and action plan item owners1.
Action Plans can be used to automatically assign task owners and deadlines for specific client engagements. Users can specify task owners by using assignment logic such as specific user, role, queue, action plan creator, or account team1. Verified References: 1

Q51. Which three standard fields are available to track a customer’s retirement gial progress?

Contributions

Actual value

Total Value

Target value

Target Date

Q52. Person accounts store information about individual people by combining certain account and contact fields into a single record. Using the Object Manager, on which Object do you configure the Person Account Page Layout?

The Person Account Record Type on the Account Object

The Person Account Record Type on the Contact Object

The Person Account Object

Q53. What are the three building blocks of Flow Orchestration?

Steps

Blocks

Stages

Processes

Work Items

Explanation
The following are the building blocks of Flow Orchestration:
Steps: Steps are discrete units of work that can be performed by a user or a system within a flow orchestration. Steps can have different types, such as user input steps, system action steps, decision steps, or subflow steps. Steps can also have different attributes, such as name, description, icon, input variables, output variables, or preconditions.
Stages: Stages are logical groupings of steps that represent phases or milestones within a flow orchestration. Stages can have different attributes, such as name, description, icon, entry criteria, exit criteria, or completion actions.
Work Items: Work Items are instances of flow orchestrations that track the progress and status of each execution. Work Items can have different attributes, such as name, description, owner, assignee, due date, priority, status, stage history, or step history. Verified References: : Salesforce Help Article [7] :
Salesforce Help Article [8] : Salesforce Help Article [9]

Q54. An opportunity record created with a close date of July 30, meets the criteria of time -dependent workflow rule. The time dependent action is scheduled for July 23. What happens if the opportunity is edited before July 23 and no longer meets the criteria?

The time dependent action is automatically removed from the queue

The time dependent action is put on hold

The time dependent action will execute on July 30.

The time dependent action will execute on July 23

Q55. What should an administrator consider when setting up case feed?

Case feed replaces the standard case detail page by default

The Use Case Feed permission is automatically active for all profiles

Case feed requires the Service Cloud User feature license

Chatter Feed tracking must be enabled for the case object.

Q56. A Bank of the Future customer calls the bank to update the address on their account. The call center agent handling the call needs to enter a new address into the system. The agent enters the new contact information using an OmniScript and then needs to generate a prefilled PDF with the new address that can be shared with the customer.
Which two OmniStudio tools should a consultant recommend to generate the prefilled PDF?

OmniStudio Action Document Generation

Calculation Procedure

DataRaptor

Integration Procedure

The following OmniStudio tools should be recommended to generate the prefilled PDF:
OmniStudio Action Document Generation, which is a tool that allows users to create documents from templates and data sources using OmniScripts and Integration Procedures. By using OmniStudio Action Document Generation, the consultant can create a document template with placeholders for the contact and address information and generate a PDF file from it using an OmniScript.
DataRaptor, which is a tool that allows users to extract and transform data from Salesforce or external systems using Integration Procedures. By using DataRaptor, the consultant can create a data source that retrieves the contact and address information from Salesforce and maps it to the document template placeholders.

Q57. A marketing user has received a file of leads to import. What tool can be used to avoid duplicate leads?

Merge Leads function

Validation Rules

Data Loader

Import Wizard

Q58. A retail bank is using Financial Services Cloud to support its operations. The bank has received complaints that its clients’ documentation is often submitted late and when clients call, customer service agents are struggling with multiple systems to determine where the documentation is.
Which solution should a consultant suggest the client explore?

A Marketing Cloud integration to manage client communications

An APEX solution to leverage the SendMail capabilities of Salesforce

Process Builder to create automatl&Socument requests for missing items

The Send Documents flow for Retail Banking

Explanation
The solution that the consultant should suggest the client explore to improve its clients’ documentation submission and tracking is the Send Documents flow for Retail Banking. The Send Documents flow for Retail Banking is a prebuilt flow that allows users to send documents requests to clients via email and track the status of the requests in FSC. The flow uses DocuSign eSignature integration to enable clients to sign and return documents electronically. By using the Send Documents flow for Retail Banking, the consultant can help the client streamline and simplify its document management process and improve its customer service agents’ efficiency

Q59. Cumulus Bank has branches in multiple countries that are required to report in local currency, while the corporate headquarters office wishes to see reports in a single currency (the corporate currency).
Which solution should a consultant recommend to meet these requirements?

Set the default currency for head office and have the regions download their reports to Excel and convert them manually.

Use a third party from AppExchange add-on to implement currency conversions.

Enable multiple currencies and advanced currency management, and set a corporate currency for the corporate headquarters office.

Allow users to set their preferred currency in their profile and design reports that convert currencies for the user running the report.

Q60. When can a validation rule be used to prevent invalid data? (3 answers)

When records are edited by a user

When records are deleted by a user

When records are submitted using web-to-lead

When records are imported

When records are updated by a workflow rule

Q61. If two objects have a parent child relationship, how can a user access the child record from the parent record?

Lookup field

Related list

Custom link

Child field

Q62. A financial services company offers special deposit products for its employees. These employees have customer records in Salesforce so that they can be serviced like normal customers. Only customer service employees within a specific group should be able to see these special deposit products in Salesforce to protect the personal financial information of bank employees.
How should the administrator configure sharing rules in Financial Services Cloud to meet these requirements?

Create an Account sharing rule based on record owner.

Create Account sharing rules based on criteria.

Create a Financial Account sharing rule based on record owner.

Create a Financial Account sharing rule based on criteri

Explanation
To meet the requirements of sharing special deposit products for employees, the administrator should create a Financial Account sharing rule based on criteria. A Financial Account sharing rule is a sharing rule that grants access to financial account records based on record owner or field values. A sharing rule based on criteria is a type of sharing rule that grants access to records that meet certain criteria. By creating a Financial Account sharing rule based on criteria, the administrator can share the special deposit products with the customer service employees within a specific group based on a field value that indicates the product type.

Q63. What permission is set in a user’s profile? (3 answers)

Mass email

Marketing user

Active

Run Reports

Object Permissions

Q64. Which three objects should a Financial Services Cloud administrator use when planning to use the Mortgage Data Model to integrate with external Loan Origination and Customer Onboarding applications to accurately track the pipeline?

Assets & Liabilities

Opportunity

Case

Account

Financial Account

The following objects should be used when planning to use the Mortgage Data Model to integrate with external Loan Origination and Customer Onboarding applications to accurately track the pipeline:
Opportunity: An Opportunity is a standard object that represents a potential sale or deal for your products or services. You can use the Opportunity object to track and manage the stages, amounts, probabilities, and expected revenue of your deals. You can also use the Opportunity object to associate products, price books, quotes, contracts, orders, or assets with your deals.
Account: An Account is a standard object that represents a person or an organization that has a business relationship with your company. You can use the Account object to store information about your customers, such as name, address, phone number, website, industry, or rating. You can also use the Account object to associate contacts, opportunities, activities, cases, or notes with your customers.
Financial Account: A Financial Account is a custom object in Financial Services Cloud that represents a financial product or service that is owned by an account holder or related to an account holder’s financial goal. You can use the Financial Account object to store information about your customers’ financial accounts, such as type, balance, status, or interest rate. You can also use the Financial Account object to associate financial transactions, financial account roles, or financial goals with your customers’ financial accounts. Verified Reference: : Salesforce Help Article [6] : Salesforce Help Article [7] : Salesforce Help Article [8]

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2024 Realistic Financial-Services-Cloud Dumps Questions To Gain Brilliant Result [Q50-Q64]

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