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

SAP Term: commission split

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A way of dividing up commission.

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• Key Concepts: 
  Commission split is a feature of SAP ICM Incentive and Commission Management (ICM) that allows companies to divide commission payments among multiple parties. This feature enables companies to accurately track and manage commission payments, ensuring that all parties involved receive their fair share. 
  
  How to use it: 
  To use the commission split feature, companies must first define the commission structure in SAP ICM. This includes setting up the commission rules, such as the percentage of commission to be paid out to each party. Once the commission structure is defined, companies can then use the commission split feature to divide the commission payments among multiple parties. 
  
  Tips & Tricks: 
  When setting up the commission structure in SAP ICM, it is important to ensure that all parties involved are accurately represented. This will ensure that all parties receive their fair share of the commission payments. Additionally, it is important to regularly review and update the commission structure as needed to ensure accuracy. 
  
  Related Information: 
  For more information on SAP ICM Incentive and Commission Management, please visit the SAP website at https://www.sap.com/products/incentive-and-commission-management.html. Additionally, there are many online resources available that provide detailed information on how to use SAP ICM and its features, such as commission split.