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

SAP Term: contract bundle type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Effective differentiation of different contract bundles. Possible contract bundle types are, for example: Bundled commission contracts only Bundled contract bundles only Bundle of different contract bundles and commission contracts. &EXAMPLE& Commission contract partners A, B and C are assigned to contract bundle 1. Contract bundle 1 only bundles contract acquisitions for area XY. Commission contract partners B and C are assigned to contract bundle 2. Contract bundle 2 only bundles contract acquisitions for area YZ. This enables an enterprise to make an effective differentiation for the contract acquisitions and the areas in which they were made.

Smart SAP Assistant

• Key Concepts: 
  Contract bundle type is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to group contracts into bundles. This allows users to manage multiple contracts at once, making it easier to track and manage payments. 
  
  How to use it: 
  To use contract bundle type, users must first create a bundle. This can be done by selecting the “Create Bundle” option in the ICM menu. Once the bundle is created, users can add contracts to the bundle by selecting the “Add Contract” option. Once all contracts have been added, users can then manage the bundle as a single entity. 
  
  Tips & Tricks: 
  When creating a contract bundle, it is important to ensure that all contracts in the bundle are related in some way. This will make it easier to manage and track payments for all contracts in the bundle. Additionally, it is important to ensure that all contracts in the bundle have similar payment terms and conditions. 
  
  Related Information: 
  For more information on contract bundle type, please refer to SAP’s ICM documentation. Additionally, there are several online tutorials available that provide step-by-step instructions on how to create and manage contract bundles.