What is absolute valuation in SAP (ICM - Incentive and Commission Management (ICM))?

SAP Term: absolute valuation

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Valuation of the entire value of a business object, such as a customer contract, from the organizational viewpoint.

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• Key Concepts: 
  Absolute Valuation is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to assign a fixed value to a particular commission or incentive. This value is then used to calculate the total amount of commission or incentive that is due to the user. 
  
  How to use it: 
  To use Absolute Valuation, users must first define the commission or incentive they wish to assign a fixed value to. This can be done by creating a new commission or incentive in the ICM system. Once the commission or incentive has been created, users can then assign a fixed value to it. This value will then be used to calculate the total amount of commission or incentive due to the user. 
  
  Tips & Tricks: 
  When assigning a fixed value to a commission or incentive, it is important to ensure that the value is accurate and up-to-date. This will ensure that the total amount of commission or incentive due to the user is accurate and up-to-date as well. Additionally, it is important to keep track of any changes made to the fixed value, as this could affect the total amount of commission or incentive due to the user. 
  
  Related Information: 
  Absolute Valuation is just one of many features available in SAP ICM Incentive and Commission Management (ICM). Other features include Relative Valuation, which allows users to assign a percentage-based value to a particular commission or incentive; and Variable Valuation, which allows users to assign a variable value based on certain criteria.