Oracle Fusion Fast Formulas are generic expressions of calculation or comparisons, that can be repeated with different input variables. Learn about different formula types, the seeded formulas, and how to adapt them. Get introduced to the FastFormula required syntax, the use of global values, database items, data types, conditional logic, functions, user tables, and their validation.
Preview
You can use fast formulas to:
- Calculate payrolls
- Define the rules for paid time off accural plans
- Define custom calculations for benefits administration
- Validate element inputs or user-defined tables
- Edit the rules for object group population for elements or people
- Calculate absence duration
- Define custom configuration for compensation
Course Contents
Day 1
Fast Formula architecture principles
Introduction to Oracle FastFormula
How Formulas Are Used in Oracle HRMS
Formula Types, Contexts, Inputs and Outputs
Pre-defined and User defined Formulas
Creating Formulas
Advantages of Using the FastFormula Assistant
Basic Syntax and Structure
FastFormula Basic Syntax
Oracle FastFormula Structure
FastFormula Basic Syntax and Structure
FastFormula Basic Syntax
Oracle FastFormula Structure
Day 2
Integration and touch points of Formulas with Fusion Compensation
Writing Fast Formulas
Using Oracle FastFormula in Benefits Administration
Using Oracle FastFormula to define rules for Benefits Administration
Writing FastFormula for Benefits Administration: Input, Output and Eligibility rules
Writing FastFormula for Benefits Administration: Further Benefit Rules Input, Output and Eligibility rules
Day 3
Performance best practices in Fast Formulas
Using FastFormula in Oracle Payroll
Using Formulas for Total Compensation
Using Formulas for Total Compensation in Payroll
Testing Payroll Formulas
Designing and Building Business Rule Solutions
Troubleshooting techniques
Tips, Troubleshooting and Efficient Design
Using FastFormula in People Management Templates
Writing Formulas for Person Number Generation
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