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

SAP Term: ceding contract

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A contract that cedes the entitlement or liability to be transferred to a receiving contract.

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• Key Concepts: 
  A ceding contract is a type of contract used in SAP ICM Incentive and Commission Management. It is used to define the terms of a commission agreement between two parties, such as a salesperson and a company. The ceding contract defines the commission rate, payment terms, and other details of the agreement. 
  
  How to use it: 
  In SAP ICM, ceding contracts are created in the Ceding Contracts tab. Here, users can define the commission rate, payment terms, and other details of the agreement. Once the ceding contract is created, it can be used to calculate commissions for salespeople based on their performance. 
  
  Tips & Tricks: 
  When creating a ceding contract in SAP ICM, it is important to ensure that all details are accurate and up-to-date. This will ensure that commissions are calculated correctly and that payments are made on time. 
  
  Related Information: 
  For more information about ceding contracts in SAP ICM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/ICM/7.0/en-US/f3d8f9a2b6c14e8a9f3d7c2b5f9a4d1e.html