Pathagoras makes it easy to replace variables across multiple documents in a single action. There are three distinct methods.
Against Currently Open Documents
Just above the Next button are a series of checkboxes. (They appear ornamental, but each serves a useful purpose which you can identify by just hovering over each box. For this topic, you want the first (left-most) checkbox which, if checked, will replace variables with the assigned values against all open documents. This is a wonderful tool if you typically compose several documents simultaneously want to complete them all at the same time.
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Against Documents in a Folder:
If your goal is to replace in all documents in a folder (as opposed to all open documents), click here for those steps.
Document Packages:
This isn't so much an Instant Database tool as it is a more global document assembly tool, but it definitely fits the topic