What is commission activity type in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: commission activity type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management The smallest component in a business transaction which is relevant for commission and which is derived from the type of the activities carried out. The commission activity type, the participation role of a commission recipient and the structure of the commission agreement commission types and remuneration types all form the basis for calculating commission. Possible commission activity types in insurance are: New business Reversal of cancellation.

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• Key Concepts: 
  Commission activity type is a component of SAP ICM Incentive and Commission Management. It is used to define the type of commission activities that can be used in the system. This includes activities such as sales, marketing, and customer service. It also defines the rules and parameters associated with each activity type. 
  
  How to use it: 
  The commission activity type is used to define the types of activities that can be used in the system. This includes activities such as sales, marketing, and customer service. It also defines the rules and parameters associated with each activity type. The commission activity type can be used to create commission plans, calculate commissions, and track performance. 
  
  Tips & Tricks: 
  When creating a commission activity type, it is important to consider the rules and parameters associated with each activity type. This will ensure that the commission plan is accurate and effective. Additionally, it is important to review the commission activity type regularly to ensure that it is up-to-date with any changes in the business environment. 
  
  Related Information: 
  For more information on SAP ICM Incentive and Commission Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/ICM/1H2020/en-US