What is contract for own business in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: contract for own business

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A special commission contract that is used exclusively for businesses on your own account.

Smart SAP Assistant

• Key Concepts: 
  Contract for own business is a feature of SAP ICM Incentive and Commission Management (ICM) that allows companies to create contracts with their own employees or business partners. These contracts define the terms of the agreement, such as the commission rate, payment terms, and other conditions. The contracts are stored in the ICM system and can be used to track and manage payments.
  
  How to use it: 
  To create a contract for own business, first log into the ICM system. Then, select the “Contracts” tab and click “Create Contract”. Enter the details of the contract, such as the commission rate, payment terms, and other conditions. Once all of the information is entered, click “Save” to save the contract. The contract will then be stored in the ICM system and can be used to track and manage payments.
  
  Tips & Tricks: 
  When creating a contract for own business, it is important to ensure that all of the details are accurate and up-to-date. This will help ensure that payments are made correctly and on time. Additionally, it is important to review all contracts regularly to ensure that they are still valid and up-to-date.
  
  Related Information: 
  For more information about creating contracts for own business in SAP ICM Incentive and Commission Management (ICM), please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_ICM/7.0/en-US