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Oracle Fusion-Manage Allocation Formulas- Complex formulas to allocate fees calculated based on reve

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edited Feb 17, 2021 4:00PM in Financials – General 2 comments

Summary

I want to know what the most effective approach would be for automating fee/royalty calculations for different contract agreements.

Content

I am trying to help streamline my company's  accounting process. At the moment, we have hundreds of outlets that require a monthly calculation of various royalty like fees that need to be paid out based on revenue generated. Each outlet is unique and has different formulas based on contract agreements. Some have multi step formulas (10% of revenue, and then 5% of revenue less the previous 10% calculation and etc..).  Others or more straight forward (5% of gross revenue)

How powerful is the allocation tool to as far as creating complex formulas?  Can I create formulas like

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