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

SAP Term: commission contract

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A legally independent contract between a company and a commission contract partner. This may be a legal person or a natural person. Parts contained in the contract may include a general commission contract agreement, a remuneration agreement or a payment agreement. A commission contract contains all contractually determined agreements between an organization and a commission contract partner.

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• Key Concepts: 
  A commission contract is a type of agreement used in SAP ICM Incentive and Commission Management. It is used to define the terms of a commission payment, such as the amount of commission to be paid, the conditions under which it will be paid, and the parties involved in the transaction. 
  
  How to use it: 
  In SAP ICM, commission contracts are created and managed in the Commission Contract Manager. This is where users can define the terms of a commission payment, such as the amount of commission to be paid, the conditions under which it will be paid, and the parties involved in the transaction. The Commission Contract Manager also allows users to track and monitor commission payments and ensure that they are paid out correctly. 
  
  Tips & Tricks: 
  When creating a commission contract in SAP ICM, it is important to ensure that all of the terms are clearly defined and that all parties involved are aware of their obligations. Additionally, it is important to keep track of any changes that may occur during the course of the contract, as these can have an impact on the amount of commission that is paid out. 
  
  Related Information: 
  For more information on SAP ICM Incentive and Commission Management, please refer to SAP's official documentation here: https://help.sap.com/viewer/product/ICM/1.0/en-US