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

SAP Term: commission model currency

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Currency in which the commission model of a commission application is handled. The processes of commission management determination, valuation, remuneration are managed in the commission model currency. The commission model currency lets you compare the data determined in the commission application for commission contracts, commission recipients and application transactions. You may define different commission model currencies for each commission application.

Smart SAP Assistant

• Key Concepts: 
  Commission model currency is a feature of the ICM Incentive and Commission Management (ICM) component of SAP. It allows users to define a currency for each commission model, which is used to calculate the commission amounts for each model. This currency can be different from the currency of the underlying transaction. 
  
  How to use it: 
  To use the commission model currency feature, users must first define a currency for each commission model in the ICM configuration. This currency will then be used to calculate the commission amounts for each model. The commission amounts will be converted to the underlying transaction currency before being posted to the system. 
  
  Tips & Tricks: 
  When defining a commission model currency, it is important to ensure that it is consistent with the underlying transaction currency. This will ensure that the commission amounts are calculated correctly and that they are posted correctly to the system. 
  
  Related Information: 
  For more information on how to configure and use the commission model currency feature in SAP ICM, please refer to the official SAP documentation.