The Formula Mass Update feature allows you to quickly update many records with values that are specific to each individual record using a formula you create. In the Conga Grid set up, you can use the Formula Mass Update feature to take a value created in a formula and mass populate a field to that value.

For example, you can use a formula to show you updated amounts in an Opportunity if a 20 percent discount is applied. You can apply the formula to update an individual record or use the formula mass update feature and apply the formula to multiple records.

Another example is you might have a formula that updates the close date to three weeks out from a date specified. You could use the formula mass update feature to apply that formula to multiple records so the date is updated on multiple records on the close date field.