What is characteristic attributes of retention rule in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: characteristic attributes of retention rule

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management These determine what retention rules are defaulted. In a standard agreement for retention, you are allowed to define one set of attributes for each retention rule. You can individualize the parameters for the characteristic attributes of the retention rule in the retention agreements of the commission contract. You have to assign remuneration types to the characteristic attributes of the retention rule in the standard agreement. These remuneration types are used to offset retention.

Smart SAP Assistant

• Key Concepts: 
  Characteristic attributes of retention rule are the criteria used to determine when a commission should be retained. These criteria can include the amount of commission earned, the type of commission, and the duration of the commission. The retention rule is used to ensure that commissions are paid out in a timely manner and that any discrepancies are addressed quickly.
  
  How to use it: 
  The characteristic attributes of retention rule can be set up in ICM Incentive and Commission Management (ICM). The user can define the criteria for when a commission should be retained, such as the amount of commission earned, the type of commission, and the duration of the commission. Once these criteria have been set up, ICM will automatically apply the retention rule when processing commissions.
  
  Tips & Tricks: 
  It is important to ensure that the characteristic attributes of retention rule are set up correctly in order to ensure that commissions are paid out in a timely manner and that any discrepancies are addressed quickly. It is also important to review the retention rule periodically to ensure that it is still relevant and up-to-date.
  
  Related Information: 
  For more information on setting up characteristic attributes of retention rule in ICM Incentive and Commission Management (ICM), please refer to the ICM documentation or contact your ICM support team.