MKSK Consulting, a specialist in Oracle Cloud HCM transformation, has officially announced the launch of FormulaX™, a breakthrough tool designed to automate the creation and validation of Fast Formulas across Oracle HCM Cloud.
For years, Fast Formulas have been at the heart of Oracle HCM — driving payroll calculations, eligibility rules, benefits, and workforce compensation.
Yet most organisations still rely on manual coding, trial-and-error validation, and spreadsheet-based documentation. The result is slow delivery, inconsistent logic, and high maintenance overheads.
FormulaX™ changes that.
💡 What FormulaX™ Does
Developed by MKSK’s Oracle consultants, FormulaX™ allows HR and payroll teams to describe business rules in plain English.
In seconds, the platform converts those instructions into fully structured Oracle Fast Formulas — complete with syntax validation, database references, and version tracking.
The tool recognises the correct formula type automatically and applies standard structure, naming conventions, and validation checks.
It helps consultants and HRIS teams generate, explain, and validate formulas in a way that is faster, cleaner, and fully auditable.
⚙️ Key Highlights
- Instant Formula Generation – Converts written logic into production-ready Oracle Fast Formulas.
- Multi-Module Coverage – Supports Payroll, Absence, Benefits, Workforce Compensation, and Validation.
- Error Prevention – Detects syntax and validation issues before deployment.
- Version Control – Tracks edits and maintains change history for compliance.
- Explainable Logic – Provides readable summaries of each formula’s purpose and outcome.
- Enterprise-Grade Scalability – Designed for large data volumes and multi-country HCM environments.
🏢 Who Benefits
FormulaX™ is built for Oracle HCM functional teams, payroll specialists, and system integrators who manage complex global configurations.
It helps them:
- Deliver formulas and calculations up to 80% faster.
- Reduce manual coding errors and validation rework.
- Standardise business rules across multiple business units.
- Improve auditability and HR compliance through consistent logic.
💬 From the Team at MKSK Consulting
“FormulaX™ represents years of hands-on experience turned into an intelligent automation platform,” says Mohammed Khan, Managing Director of MKSK Consulting.
“We wanted to solve one of the biggest pain points in Oracle HCM — the time and complexity of building and maintaining Fast Formulas. With FormulaX™, we’re helping teams focus on outcomes instead of syntax.”
🧩 Beta Access Program
MKSK Consulting is now inviting Oracle HCM professionals to join the FormulaX™ Beta Program.
Early participants will have the opportunity to test FormulaX™ in real project scenarios, contribute feedback, and influence future roadmap features such as Oracle Time & Labor integration and AI-assisted formula libraries.
Interested in early access?
Apply for the FormulaX™ Beta Program
🌍 About MKSK Consulting
MKSK Consulting is a UK-based Oracle Cloud HCM specialist recognised for innovation in HR technology.
With over 15 years of implementation experience across payroll, benefits, and workforce management, the company helps global enterprises modernise HR operations through intelligent cloud solutions.
FormulaX™ — AI that understands Oracle HCM.
Learn more: www.mksk.co.uk/services/ai-fast-formula-generator
