What is check effective validity in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: check effective validity

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management One of the two criteria in contract history in the commission system. Both the technical and effective validity must be fulfilled if a contract version is to be valid at a current point in time. Effective validity is the period in which the conditions laid down in the contractual agreement apply. These conditions are linked to the date.

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• Key Concepts: 
  Check effective validity is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to check the validity of a commission plan or incentive program. This feature ensures that the plan or program is up-to-date and in compliance with any applicable regulations.
  
  How to use it: 
  To use the check effective validity feature, users must first create a commission plan or incentive program in SAP ICM. Once the plan or program is created, users can select the “Check Effective Validity” option from the menu. This will run a series of tests to ensure that the plan or program is valid and up-to-date.
  
  Tips & Tricks: 
  When using the check effective validity feature, it is important to remember to save any changes made to the commission plan or incentive program before running the tests. This will ensure that all changes are taken into account when running the tests.
  
  Related Information: 
  For more information on using the check effective validity feature in SAP ICM, please refer to the official SAP documentation.