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

SAP Term: bonus

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management An additional remuneration, which can be defined in the contract as a special payment, such as for achieving a certain sales performance within a defined period of time.

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• Key Concepts: 
  Bonus is a type of incentive that is used in ICM Incentive and Commission Management (ICM). It is a reward given to employees or customers for achieving certain goals or objectives. Bonuses can be used to motivate employees or customers to reach their goals, or to reward them for their efforts. 
  
  How to use it: 
  In ICM, bonuses are used to incentivize employees or customers to reach their goals. Bonuses can be set up in the system and then awarded when certain criteria are met. For example, a bonus could be set up for an employee who reaches a certain sales target. When the employee reaches the target, the bonus will be automatically awarded. 
  
  Tips & Tricks: 
  When setting up bonuses in ICM, it is important to make sure that the criteria for awarding the bonus are clearly defined. This will ensure that the bonus is awarded correctly and that employees or customers are motivated to reach their goals. 
  
  Related Information: 
  Incentives and commissions are an important part of any business, and ICM Incentive and Commission Management can help businesses manage these incentives and commissions more effectively. ICM also provides tools for setting up bonuses and other incentives, as well as tracking performance and awarding rewards.