Oracle Fast Formula To

Support Business

Session ID: 10465

Leverage Oracle Fast Formula
Features to Support Business
Seamlessly

Prepared by:
Mahendhiran Ganesan
Software Developer
Worthington Industries
Mahendhiran.Ganesan@worthingtonindustries.com

Mahendhiran Ganesan About Me

14 years of work experience in Oracle E-Business
Suite Applications in different capacity.
Expertise in Oracle E-Business Suite Human Capital
Management Modules and Supply Chain Modules
Expertise in Oracle Fusion Middleware Technology
Oracle University Certifications
Oracle E-Business Suite 12 Supply Chain Certified
Implementation Specialist: Oracle Order Management
Oracle E-Business Suite R12 Human Capital Management
Certified Implementation Specialist
Oracle Service Oriented Architecture Infrastructure
Implementation Certified Expert
Oracle PL/SQL Developer Certified Associate

Company Overview

Market-leading metals manufacturing

company serving more than 5,000 customers
Domestic leader in flat rolled metal processing
Leading global manufacturer of pressure
cylinders for consumer, industrial, alternative
fuel, energy and cryogenics markets
Leading independent provider of customengineered operator cabs for heavy mobile
equipment
Market-leading joint ventures serving
construction and automotive end-markets
Publicly traded and investment grade
NYSE Symbol: WOR
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Agenda

Introduction to Oracle Fast Formula

Benefits of Oracle Fast Formula
Features of Oracle Fast Formula
Implement Oracle Fast Formula
Q&A

Introduction to Oracle Fast Formula

Oracle Fast Formula is a simple way to write formulas
using English words and basic mathematical functions.
You can use information from your database in formulas
without learning the database structure or a programming
language. Oracle Fast Formula is a techno functional
module that makes complex calculations easier by
leveraging its powerful features. We have used Oracle
Fast Formula in the following Oracle Human Capital
Management Modules.
Core HR
Payroll
Compensation and Benefits

Benefits of Oracle Fast Formula

Simple and Easy to understand and write

Less Implementation and maintenance cost
Support multiple versions
No downtime required for deployment
Reusable for different business groups
Technical knowledge is required only for writing
custom database function

Features of Oracle Fast Formula

Date Tracked Fast Formula versions

Date Tracked Global Values
Date Tracked User Tables
Static and Dynamic Database Items
Supports Call to Oracle seeded functions
Fast Formula Results to Feed Other Elements
Call to Custom Functions and Contexts
Register Custom Database Functions
Call to Fast Formula in Database Packages

Implement Oracle Fast Formula

As per our Oracle Human Resource Management System and
Payroll Implementation for Canada business group, we created
new fast formula and modified the seeded fast formulas to
support base payroll, vacation and shift premium calculations by
the call to database functions. We leveraged global values,
database items, formula results and user table features to
support the demanding business changes seamlessly. In this
presentation, have illustrated the ways to customize seeded
Oracle Fast Formula and create new custom Oracle Fast
Formula using US HRMS Manager responsibility.
Note: This presentation highlights on leveraging the powerful
features of Oracle Fast Formula, to get the detailed information
on Oracle Fast Formula, please refer to the following link
https://docs.oracle.com/cd/E18727_01/doc.121/e14567/T1774T
1776.htm
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Implement Oracle Fast Formula Customize seeded Oracle Fast Formula

Requirement
Calculate Shift Premium based on Base Pay using
Shift Differentials

Design
Configure User Table to hold shift differentials and
multiples
Customize seeded Oracle Base Pay Fast Formula
using Oracle seeded functions and database items
Assign Base Pay Results to feed Shift Premium
element

Implementation

Implement Oracle Fast Formula Customize seeded Oracle Fast Formula

Configure Date Track User Table to hold shift
differentials
Navigation: Other Definitions -> Table Values

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Implement Oracle Fast Formula Customize seeded Oracle Fast Formula

Get the seeded Oracle Fast Formula name
associated to Base Pay Element
Navigation: Total Compensation -> Basic -> Fast
Formula -> Fast Formula Results

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Implement Oracle Fast Formula Customize seeded Oracle Fast Formula

Download/Copy the date tracked seeded Oracle Fast
Formula Version in any text editor
Navigation: Total Compensation -> Basic -> Fast
Formula -> Write Formula (Note: Fast Formula can also
be downloaded using Fast Formula Assistant)

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Implement Oracle Fast Formula Customize seeded Oracle Fast Formula

Customize seeded Oracle Base Pay Fast Formula
Add the Input Values in Input Section
Call the Oracle Seeded function in the Calculation
Section and Pass the Input Values and Database Items
as parameters
Pass the calculated values in the Return Section

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Implement Oracle Fast Formula Customize seeded Oracle Fast Formula

Assign the Base Pay Fast Formula Results to Shift
Premium Element
Navigation: Total Compensation -> Basic -> Fast
Formula -> Formula Results

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Implement Oracle Fast Formula - New

Custom Oracle Fast Formula
Requirement
Calculate Vacation hours based on Employee Length of
Service(LOS) in the organization

Design
Create a New Custom Database Function to get LOS
Register the New Database Function and parameters
Configure Global Values to hold the Default Vacation
Hours based on Hire Date
Configure the User Table to hold the Vacation Hours
based on Hire Date and different Business Unit policies
Create the New Custom Oracle Fast Formula by calling
Custom Function, seeded Oracle Functions and
Database Items
Assign the New Custom Oracle Fast Formula to
Vacation Element

Implementation

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Implement Oracle Fast Formula - New

Custom Oracle Fast Formula
Create the New Custom Database Function
Code Snippet

Note: Oracle Custom Database Functions has to be

deployed through any Code migration process in the
target instance, then Oracle Fast Formula that calls to that
Oracle Custom Database Functions can be compiled and
verified in the target instance.
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Implement Oracle Fast Formula - New

Custom Oracle Fast Formula
Register the New Database Function and parameters
Navigation: Total Compensation -> Basic -> Fast
Formula -> Formula Functions

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Implement Oracle Fast Formula - New

Custom Oracle Fast Formula
Configure Date Track Global Value to hold the Default
Vacation Value
Navigation: Total Compensation -> Basic -> Fast
Formula -> Global Values

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Implement Oracle Fast Formula - New

Custom Oracle Fast Formula
Configure Date Track User Table to hold the Vacation
Hours
Navigation: Other Definitions -> Table Values

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Implement Oracle Fast Formula - New

Custom Oracle Fast Formula
Create the Oracle Fast Formula by selecting
appropriate Oracle Fast Formula Type for the
Effective Date
Navigation: Total Compensation -> Basic -> Fast
Formula -> Write Formula

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Implement Oracle Fast Formula - New

Custom Oracle Fast Formula
Create the Oracle Fast Formula in any text editor
Write the Oracle Fast Formula using IF and ASSIGN
Statements
Call the New Custom Database Function and Pass the
Input Values and Database Items as parameters
Pass the calculated values in the Return Section

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Implement Oracle Fast Formula - New

Custom Oracle Fast Formula
Attach the New Custom Oracle Fast Formula to the
Vacation Accrual Element
Navigation: Total Compensation -> Basic -> Accrual
Plans

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Implement Oracle Fast Formula - Migrate

Oracle Fast Formula
Oracle Fast Formula can be migrated in two ways
Date Track Mode
Navigation: Total Compensation -> Basic -> Fast
Formula -> Write Formula

Non - Date Track Mode

Navigation: Total Compensation -> Basic -> Fast
Formula -> Fast Formula Assistant

Note : To user Fast Formula Assistant, Fast Formula

Transaction Manager should be up and running.

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Recap Q&A

Simple and Easy to understand and write

Date Track Features
Configurable setups to support changes seamlessly
Database items and functions
Easy Implementation and Deployment

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Please complete the session

evaluation
Session Id: 10465
Presenter: Mahendhiran Ganesan

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Thank You !!!