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

SAP Term: contract end date

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management The date that specifies the legal end of a commission contract.

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• Key Concepts: 
  Contract end date is a field in the ICM Incentive and Commission Management (ICM) module of SAP. It is used to define the end date of a contract, which is the date when the contract expires and no longer applies. This field is important for tracking the duration of contracts and ensuring that they are not extended beyond their expiration date. 
  
  How to use it: 
  The contract end date field can be found in the ICM module of SAP. It is typically used when creating a new contract or editing an existing one. The user must enter the desired end date for the contract, which will be used to track its duration and ensure that it does not exceed its expiration date. 
  
  Tips & Tricks: 
  It is important to ensure that the contract end date is accurate and up-to-date. This will help to ensure that contracts are not extended beyond their expiration date, which could lead to legal issues or other complications. Additionally, it is important to keep track of all contracts and their expiration dates in order to ensure that they are renewed or terminated on time. 
  
  Related Information: 
  The contract end date field is related to other fields in the ICM module, such as the start date, renewal date, and termination date. These fields are all used to track the duration of contracts and ensure that they are managed properly. Additionally, this field can be used in conjunction with other modules, such as Sales and Distribution (SD), to track customer contracts and ensure that they are managed properly.