What is application domain in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: application domain

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Functional domain of an application that is defined by a core package.

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• Key Concepts: 
  Application domain is a term used in SAP software to refer to a specific area of business functionality. In the case of ICM Incentive and Commission Management, the application domain is the area of managing incentives and commissions for sales teams. This includes setting up incentive plans, tracking performance, and calculating commissions.
  
  How to use it: 
  In order to use the ICM Incentive and Commission Management application domain, users must first set up an incentive plan. This includes defining the criteria for eligibility, setting goals, and determining how performance will be measured. Once the plan is set up, users can track performance and calculate commissions based on the criteria they have established.
  
  Tips & Tricks: 
  When setting up an incentive plan, it is important to consider the needs of both the sales team and the company. The plan should be designed to motivate sales teams while also ensuring that the company’s goals are met. Additionally, it is important to review performance regularly in order to ensure that the plan is working as intended.
  
  Related Information: 
  The ICM Incentive and Commission Management application domain is part of SAP’s Sales & Distribution (SD) module. It is closely related to other SD modules such as Pricing and Rebates, Credit Management, and Sales Order Processing. Additionally, it can be integrated with other SAP modules such as Financial Accounting (FI) and Controlling (CO).