What is agreement for settlement scheduling in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: agreement for settlement scheduling

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management An assignment of scheduling rules to the respective commission contract.

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• Key Concepts: 
  Agreement for settlement scheduling is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to define the timing of commission payments. This feature enables users to set up payment schedules for commissions, such as monthly, quarterly, or annually. It also allows users to specify the payment date and amount for each commission payment. 
  
  How to use it: 
  To use the agreement for settlement scheduling feature in SAP ICM, users must first create a settlement agreement. This agreement defines the payment schedule and amount for each commission payment. Once the agreement is created, users can then assign it to a commission plan. This will ensure that all commissions associated with the plan are paid according to the terms of the agreement. 
  
  Tips & Tricks: 
  When creating a settlement agreement, it is important to ensure that all payment dates and amounts are accurate. This will help ensure that commissions are paid on time and in the correct amount. Additionally, it is important to review the agreement periodically to ensure that it is still valid and up-to-date. 
  
  Related Information: 
  For more information about using the agreement for settlement scheduling feature in SAP ICM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.