What is agreement type in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: agreement type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A means of differentiating between agreements: Examples of agreement types: Activity agreement Valuation agreement Participation agreement Liability agreement Target agreement Performance-related remuneration agreement Guarantee agreement

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• Key Concepts: 
  Agreement type is a feature of ICM Incentive and Commission Management (ICM) that allows users to define the rules and parameters for a particular agreement. This includes setting up the commission structure, defining the payment terms, and setting up the eligibility criteria for participants. Agreement types are used to ensure that all participants in an agreement are treated fairly and consistently. 
  
  How to use it: 
  To set up an agreement type, users must first define the parameters of the agreement. This includes setting up the commission structure, defining the payment terms, and setting up the eligibility criteria for participants. Once these parameters have been defined, users can then create an agreement type in ICM. This will allow users to easily manage and track all agreements within ICM. 
  
  Tips & Tricks: 
  When creating an agreement type, it is important to ensure that all parameters are clearly defined and understood by all parties involved. This will help to ensure that all participants in an agreement are treated fairly and consistently. Additionally, it is important to review and update agreement types regularly to ensure that they remain relevant and up-to-date. 
  
  Related Information: 
  For more information on ICM Incentive and Commission Management (ICM), please refer to the official SAP documentation here: https://help.sap.com/viewer/product/ICM/1.0/en-US