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

SAP Term: business object

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Top node of the object hierarchy to be processed in the commission case. Examples of business objects in an insurance scenario: Business transaction Contract Policy Customer Coverage Risk

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• Key Concepts: 
  A business object is a type of object in SAP software that is used to store and manage data. It is a representation of a real-world entity, such as a customer, product, or service. Business objects are used to store and manage data in SAP systems, and they are used to create relationships between different objects.
  
  How to use it: 
  Business objects are used to store and manage data in SAP systems. They can be used to create relationships between different objects, such as customers, products, services, and other business objects. Business objects can also be used to create reports and analyze data.
  
  Tips & Tricks: 
  When creating business objects in SAP systems, it is important to ensure that the data is accurate and up-to-date. It is also important to ensure that the relationships between different objects are properly defined.
  
  Related Information: 
  The ICM Incentive and Commission Management (ICM) component of SAP software is used to manage incentive and commission programs for customers. It allows users to create business objects that represent customers, products, services, and other entities. It also allows users to define relationships between different business objects and generate reports based on the data stored in the business objects.