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

SAP Term: ceiling amount

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management The acquisition commission that applies when a contract is concluded particularly a life insurance can be limited to a ceiling amount.

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• Key Concepts: 
  Ceiling amount is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to set a maximum amount of commission that can be earned by an individual or group. This feature helps to ensure that commissions are distributed fairly and that no one earns too much. 
  
  How to use it: 
  To use the ceiling amount feature, users must first set up a commission plan in ICM. Once the plan is created, users can then set a ceiling amount for each individual or group. This can be done by selecting the “Ceiling Amount” option in the commission plan settings. 
  
  Tips & Tricks: 
  When setting up a ceiling amount, it is important to consider the total amount of commission that will be paid out. If the ceiling amount is too low, it may not be enough to incentivize employees or groups to reach their goals. On the other hand, if the ceiling amount is too high, it could lead to overpayment of commissions. 
  
  Related Information: 
  For more information on setting up a commission plan in ICM, please refer to the SAP Help Portal. Additionally, there are several online tutorials available that provide step-by-step instructions on how to use the ceiling amount feature in ICM.