callicon +1 210-504-8191
whatsAppIcon +1 210-504-8191
emailIcon info@koenig-solutions.com
koenig-logo
logo-30-years
Login
koenig-logo
whatsAppIcon +1 210-504-8191
phoneIcon +1 210-504-8191

R12.2 Oracle HRMS Implement and Use Fast Formula Course Overview

R12.2 Oracle HRMS Implement and Use Fast Formula Course Overview

The R12.2 Oracle HRMS Implement and Use Fast Formula course is designed to provide learners with comprehensive knowledge and practical skills to create and use FastFormulas within the Oracle HRMS suite. FastFormula is a powerful tool that allows users to define business rules without custom programming. The course is organized into eight modules, each focusing on different aspects of FastFormula, from basic syntax and structure to its application in various HRMS processes like Payroll, Benefits Administration, and Absence Management.

By taking this course, learners will understand how formulas are integrated into Oracle HRMS, the types of formulas available, and how to create and troubleshoot them. They will gain expertise in writing formulas for different scenarios, such as benefit eligibility rules, payroll calculations, and accrual plans, enhancing their ability to tailor the Oracle HRMS to their organization's specific needs. This course ultimately helps in improving efficiency and accuracy in HR processes, leveraging FastFormula to design and implement robust, flexible business rules.

This is a Rare Course and it can be take up to 3 weeks to arrange the training.

4.6 Ratings

Koenig's Unique Offerings

images-1-1

1-on-1 Training

Schedule personalized sessions based upon your availability.

images-1-1

Customized Training

Tailor your learning experience. Dive deeper in topics of greater interest to you.

images-1-1

4-Hour Sessions

Optimize learning with Koenig's 4-hour sessions, balancing knowledge retention and time constraints.

images-1-1

Free Demo Class

Join our training with confidence. Attend a free demo class to experience our expert trainers and get all your queries answered.

Purchase This Course

Fee On Request

♱

  • Live Online Training (Duration : 16 Hours)
  • Per Participant
  • Guaranteed-to-Run (GTR)
  • date-img
  • date-img

♱ Excluding VAT/GST

Classroom Training price is on request

  • Live Online Training (Duration : 16 Hours)
  • Per Participant

♱ Excluding VAT/GST

Classroom Training price is on request

Request More Information

Email:  WhatsApp:

Course Prerequisites

Certainly! For students interested in undertaking the R12.2 Oracle HRMS Implement and Use Fast Formula course, the following are the minimum prerequisites:


  • Basic understanding of Human Resources concepts and processes.
  • Familiarity with the Oracle E-Business Suite R12.2 HRMS application and navigation.
  • Basic knowledge of Oracle HRMS table structures and relationships.
  • Experience with writing simple queries using SQL (Structured Query Language).
  • An understanding of basic programming concepts and logic.
  • Prior exposure to any formula-based configuration or calculation tool (beneficial, but not mandatory).

These prerequisites will help ensure that participants are able to fully grasp the course content and apply the principles of FastFormula effectively within the Oracle HRMS system.


Target Audience for R12.2 Oracle HRMS Implement and Use Fast Formula

The R12.2 Oracle HRMS Implement and Use Fast Formula course is designed for professionals managing HR systems and payroll processes.


  • HRIS (Human Resource Information System) Analysts
  • Payroll Managers and Administrators
  • HR Managers and Directors with a technical orientation
  • Oracle HRMS Functional Consultants
  • Oracle HRMS Technical Consultants
  • Benefits Administrators
  • Absence Management Coordinators
  • Compensation and Benefits Specialists
  • IT Professionals working with Oracle HRMS
  • Systems Integrators working on Oracle HRMS projects
  • Database Administrators managing Oracle HRMS environments
  • HR Professionals looking to leverage Oracle FastFormula for HR analytics and reporting
  • Technical Support Staff specializing in Oracle HRMS solutions
  • Application Developers involved in customizing Oracle HRMS software
  • Business Analysts who are part of HRMS implementation or maintenance teams


Learning Objectives - What you will Learn in this R12.2 Oracle HRMS Implement and Use Fast Formula?

  1. Introduction: Gain expertise in Oracle FastFormula, mastering its syntax, structure, and application across HRMS functions for efficient HR processes and rule definition.

  2. Learning Objectives and Outcomes:

  • Understand how Oracle FastFormula integrates with various Oracle HRMS applications and the benefits it provides.
  • Identify different formula types and know when and how to use them within the HRMS context.
  • Create custom formulas tailored to specific business needs using the FastFormula Assistant.
  • Learn the basic and advanced syntax of FastFormula to write complex calculations and conditions.
  • Develop the skills to troubleshoot and optimize FastFormula for better performance and efficiency.
  • Apply FastFormula in People Management to generate person numbers and manage templates.
  • Utilize FastFormula in Benefits Administration to define rules, eligibility, and calculate benefit entitlements.
  • Implement FastFormula in Oracle Payroll for managing total compensation, testing payroll calculations, and building business rule solutions.
  • Manage absence and accrual plans using FastFormula to define and adapt accrual formulas.
  • Define business rules and parameters for Oracle HRMS Business Intelligence Reports and integrate FastFormula with PL/SQL for extended functionality.