some example of FASTFORMULA

[akumar.oracle]

Hi,

Can anyone please explain me the purpose of fast formula and are they just used in Payroll module or other modules too? if yes what are those other modules?

Along with a example.

ta
Arvin

[eng_ahmad_2007]

Dear Arvin,

Fast Formulas are used for various purposes. Most importantly, for Payroll Processing. As for being used in other modules depend on their nature (Formula Type). For example, fast formula could be used in Performance Management module for Scorecard Evaluation..
For Payroll, it is much like a pseaudocode, you define inputs, processing code and return outputs of the formula.

Hope this helps,

Best Regards,

Ahmad Ghanem
Senior Oracle HRMS Consultant