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Salesforce Financial-Services-Cloud Dumps

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Financial-Services-Cloud
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Salesforce Financial Services Cloud (FSC) Accredited Professional (AP) Exam(WI24)
Last Update: Mar 18, 2024
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Salesforce Financial Services Cloud (FSC) Accredited Professional (AP) Exam(WI24) Practice Questions

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Financial-Services-Cloud FAQs

Salesforce Financial Services Cloud is a specialized customer relationship management (CRM) platform designed for financial services organizations. It helps banks, insurers, and wealth management firms build stronger client relationships, improve communication, and streamline financial processes.

A Salesforce platform designed specifically for financial service institutions to enhance customer engagement and streamline services.

Salesforce Financial Services Cloud was first released in March 2016. Since then, it has evolved to become a comprehensive CRM solution tailored to the specific needs of financial services institutions, including banking and insurance companies.

This exam focuses specifically on the Financial Services Cloud application, whereas the Salesforce Administrator exam covers a broader range of Salesforce platform functionalities.

Yes, the Financial-Services-Cloud Exam requires a deeper understanding of the financial services industry, unlike general Salesforce exams that are more technology-focused.

This exam is targeted towards professionals working in or with the financial services industry, unlike the Sales Cloud Consultant exam which is more general in its audience.

The Financial-Services-Cloud exam demands specialized knowledge in financial services, making it more complex in terms of industry-specific requirements than the Service Cloud Consultant exam.

Yes, the Financial-Services-Cloud exam includes specific features and customizations unique to the financial services sector, which are not covered in the Advanced Administrator exam.

Yes, this exam necessitates knowledge of financial regulations and compliance, which is not as emphasized in other Salesforce exams.

The Financial-Services-Cloud Exam is more focused on financial services management and customer relationships, unlike Marketing Cloud exams which focus on digital marketing strategies.

Yes, the Financial-Services-Cloud exam involves a more complex data model specific to financial services, which is different from the broader data modeling concepts in the App Builder exam.

This exam requires customization skills specific to financial services workflows, while the CPQ Specialist exam focuses on configuring price quote solutions.

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Salesforce Financial Services Cloud (FSC) Accredited Professional (AP) Exam(WI24) Questions and Answers

Questions 1

Lake Tahoe Bank has duplicate client records in their current CRM system because they come from a different systems of record. Any changes made in Salesforce should be updated in the source system. What can a Salesforce Administrator do to help bankers get a consolidated view of the individual in the Financial Services Cloud?

Options:

A.

Leverage Financial Services Cloud Relationship Groups to link duplicate client records and create a consolidated view.

B.

Implement deduplication rules in Salesforce and let the integration handle the updates to the source system.

C.

Create a custom Person Account hierarchy to link duplicate client records.

D.

Create custom components to provide a single view of the client.

E.

Link individuals using related contacts to link duplicate client records

Questions 2

A company wants to convert its Salesforce Financial Services Cloud implementation from using the individual account model to using person accounts.

Which three things should a consultant do to prepare for the conversion?

Options:

A.

Update all opportunities linked to individual account records to be owned by the individual account record's owner.

B.

Ensure each account.phone field in the individual account record is blank.

C.

Ensure all individual account records to be converted are only linked to exactly one contact record.

D.

Test out the conversion in a sandbox, including all integrations and customizations.

E.

Ensure each individual account to be converted is not a parent account of any other account records.

Questions 3

Cumulus Insurance has a franchise business model with a large number of franchisees who operate independently but report to regional managers who are Cumulus employees. The company would like the franchise owners and their employees to have access to the Cumulus Salesforce Financial Services Cloud (FSC) instance. The company plans to use the Role Hierarchy and sharing rules to implement this. What should the architect at Cumulus Insurance be aware of for this solution?

Options:

A.

Franchise users will need to switch their browsers to a platform that supports Lightning Web Components.

B.

Salesforce FSC only allows 1,024 public groups.

C.

The administrator can define up to 300 total sharing rules for each object.

D.

Franchise users can have multiple roles in the hierarchy.

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