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Fast Formula in Oracle HCM Cloud

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Agenda

Introduction to Fast Formula

Formula Creation and Components
Formula Syntax
Sample Fast Formula
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What is Fast Formulas
• Oracle Fast Formula is a tool to write formulas
using English words and basic mathematical
functions
• You can write generic expressions for any
calculation or comparison you may want to
repeat with different input values
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Uses of Fast Formula
Fast Formulas can be used across various Fusion HCM
products to:
• Perform Payroll Calculations
• Define rules for paid time off (PTO) accruals
• Calculate absence duration
• Define custom calculations for benefits administration
• Edit rules for object group population for elements or
people
• Validate Element Input Values or User-Defined Tables
• Validation and HCM Extracts
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Uses of Fast Formula
• Different formula types are used across various
parts of Fusion HCM applications:
– Payroll
– Benefits
– Human Resources HCM Extracts
– Compensation Management
– Absence Management
– Time and Labor
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Fast Formula Types
• Each formula must have a type which
determines:

– How the formula can be used

– What contexts are

automatically available to the formula
– Which rules about the inputs and outputs apply
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Formula Types
•There are more than 120 formula types available
in Fusion HCM:
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Formula Creation Methods
• Predefined
– Delivered with Oracle Fusion HCM
– Specific to the localizations (for example US tax calculation)
– Cannot and should not be modified
• User-Defined
– Users create their own fast formulas (for example Absence
Duration)
• Generated
– User setup and system generated from legislative templates
(for example HCM Extract generates formulas for blocks and
items, element templates generate fast formula for main and
hidden elements)
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Formula Levels
Fast formulas can be defined at global or legislation level:
• Global
– Can be used at any legislation. These formulas do not
have legislation data group assigned to them
(CALC_ARREARS)
• Legislation
– If formula is applicable to only one legislation it has
legislation data group assigned to it
(US_TAX_MEDICARE)
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Usage of Fast Formula in Fusion HCM
• In Payroll Processing fast formulas are used to:
– Calculate element run results
– Prorate payroll results
– Perform legislative checks during the payroll run
– Specify rules for skipping an element during payroll
processing
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Usage of Fast Formula in Fusion HCM
• Benefits Administration formula usages
– Create rules, for example eligibility determination
– Post-election edits
– Service calculation
– Coverage amount limits
• Compensation Management formula usages
– Specify compensation worksheet defaults
– Process only specific employees
– Create unique hierarchy for compensation
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Usage of Fast Formula in Fusion HCM
• In Absence Management formulas are used to:
– Determine Accrual terms
– Calculate how much time is accrued, and how much time
can be carried over to the next accrual term
– Determine Vesting criteria
• Oracle Time and Labor
– Transform incoming data from a third party time keeping
system for a payroll batch loader
– Error and Warning validation of time entries
– Generate process results from employee reported entries
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Usage of Fast Formula in Fusion HCM
• Validation formula usages
– Check that element entry values are valid for the
element
– Check element entries to a user defined tables
– Extract HCM data for archiving and reporting
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Agenda

Introduction to Fast Formula

Formula Creation and Components
Formula Syntax
Sample Fast Formula
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Creating Fast Formulas in Fusion HCM
• Navigation: Payroll Calculation > Manage Fast
Formulas or through Manage Fast Formulas task
through Setup and Maintenance work area
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Creating Fast Formulas in Fusion HCM
• Create a formula with appropriate Type

• Case Study: Fusion Payroll: How to Create and

Modify a Fast Formula(1579738.1)
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Formula Structure
Each formula may have five sections:
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Components in a sample Formula
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Formula Inputs and Outputs
• Formulas can take input from the window,
database, or a process such as a payroll run and
can return values or messages.
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Three Types of Inputs
• Input Statements
– Values are passed at runtime
– Contents of inputs statement depends on formula type
• Database Items
– Values from the database
– Browse a list of database items from the Formula window or
the Add Database Items page of the Fast Formula Assistant
• Global Values
– Used for information that changes infrequently, but is often
referenced
– Can be loaded via Batch Loader
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List of Database Items
• There are more than 10,000 database items in
the Fusion HCM
• List of DBIs and user Entities (UEs) for are
available in
– Note 1565118.1 for release 5
– Note 1546399.1 for release 7 and above
• DBIs are used in various extracts, archives and
reports across Fusion HCM
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Agenda

Introduction to Fast Formula

Formula Creation and Components
Formula Syntax
Sample Fast Formula
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Documentation on Fast Formulas
• Oracle Online Documentation Oracle Fusion Applications FF
Guidehttp://docs.oracle.com/cd/E38454_01/doc.1117/e36894.pdf(Release 7)

• Fusion Payroll: FF Frequently Asked Questions (FAQ) (Note

1579739.1)

• Fusion Payroll: FF Troubleshooting Guide (Note 1560556.1)

• Case Study : Fusion Fast Formula: How to Create Fast Formula

For Element Entry Input Value Validation (Note 1615323.1)

• Benefits Fast Formula Reference Guide for Oracle Fusion

Benefits (Note 1456985.1)
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Documentation on Fast Formulas
• Loading Data using Payroll Batch Loader - Technical Essay (Note
1590004.1)
• How to Enable Logging for Oracle Fusion Global Payroll (Note
1536245.1)
• How To Create New Global Values To Be Used In FF (Note
1637426.1)
• Extracts: Database Items (DBIs) and User Entities
(UEs)(Note 1546399.1)
• Database Items for Extracts and Formulas in Oracle Fusion
HCM (Note1565118.1)
• HCM Communities
https://community.oracle.com/community/support/fusion_applic
ations/human_capital_management_%28hcm%29
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Fast Formula Syntax
• Variable:
• Input variables appear on INPUT statements and bring value into
a formula
• Output variables appear in RETURN statements and return values
from a formula.
• A variable can be both input and output.
• Local variable can be used inside the formula
• Global Values:
• Global Values are used for information that changes infrequently,
but is often referenced
• Documentation: How To Create New Global Values To Be Used In
FF (Note 1637426.1)
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Fast Formula Syntax
• Contexts:
– Context is information that is always available to each formula type
at run
– Contexts are available for certain formula types
– Examples of contexts:
• EFFECTIVE_DATE for effective date the formula is executing
• PAYROLL_ID for the running payroll
• PERSON_ID identifying the person for whom the formula is executing
– Context values act as SQL bind values when database item values are
fetched from the database.
– They can also be passed into formula function calls.
– Related methods for the context are:
• GET_CONTEXT : To find the value from the context
• CONTEXT_IS_SET: To find whether a context is set
• SET_CONTEXTS: to set one or more contexts
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Fast Formula Syntax
• Array processing
• Looping
– WHILE-loop type is supported
• Working Storage Area
– The working storage area is a mechanism for storing
global values across formulas. The values are accessed by
name. The names are case-independent.
– There are four working storage area call methods:
• WSA_EXISTS
• WSA_DELETE
• WSA_SET
• WSA_GET
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Fast Formula Syntax
• Functions in Fast Formula:
– Full list of functions in Fusion HCM is available in Fast
Formula Guide
– Text functions to manipulate the data:
• GREATEST, INSTR, LEAST, LENGTH, LOWER, LPAD, LTRIM, REPLACE,
RPAD, RTRIM, SUBSTR, TRIM, UPPER
– Numeric formula functions:
• ABS, FLOOR, GREATEST, LEAST, MOD, POWER, ROUND, ROUNDUP,
TRUNC
– Date formula functions:
• ADD_DAYS, ADD_MONTHS, ADD_YEARS, DAYS_BETWEEN, GREATEST,
LAST_DAY, LEAST, MONTHS_BETWEEN, NEW_TIME, NEXT_DAY, ROUND,
TRUNC
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Fast Formula Syntax
• Calling Formula from a Formula :
– A formula can be called from another formula
– There are 4 methods available:
• IS_EXECUTE(formula name)
• EXECUTE(formula name)
• SET_INPUT(input [,value])
• GET_OUTPUT(output, default-value)
– Example:

– Case Study: Fusion Absence Management: Unable To Access Religion

Related DBI In CORE_ABSENCE_DURATION Fast Formula (Doc ID 1670627.1)
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Agenda

Introduction to Fast Formula

Formula Creation and Components
Formula Syntax
Sample Fast Formula
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Sample Fast Formula
/******************************************************************************
FORMULA NAME: AUF_ABSENCE_DURATION
FORMULA TYPE: Global Absence Type duration Formula
DESCRIPTION: This formula returns days between absence
Change History:
Name Date Version Comments
-------------------------------------------------------------------------------
Oracle 24-Nov-2017 DRAFT 1A Initial Version
*******************************************************************************/

DEFAULT FOR IV_START_DATE IS '4712/12/31 00:00:00' (date)

DEFAULT FOR IV_END_DATE IS '4712/12/31 00:00:00' (date)

INPUTS ARE IV_START_DATE (date), IV_END_DATE (date)

/*Duration = to_num(to_char(DAYS_BETWEEN(IV_END_DATE , IV_START_DATE)))+1-.354*/

Duration = DAYS_BETWEEN(ADD_DAYS(IV_END_DATE,1) , IV_START_DATE)

RETURN Duration

Oracle FastFormula User’s Guide:

https://docs.oracle.com/cd/E18727_01/doc.121/e14567/T1774T1776.htm
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Thank
You

Sourav Pal
Email: [email protected]

Website: www.soais.com