What is correction value in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: correction value

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Corrects the actual value of a target in a commission contract in a defined period target correction. If not all the actual values of the commission case are available, you can use target correction values to adjust the actual values.

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• Key Concepts: 
  Correction value is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to adjust the value of a commission or incentive payment. This adjustment can be made to either increase or decrease the amount of the payment. The correction value can be used to correct errors in the calculation of the commission or incentive payment, or to adjust the payment for any other reason.
  
  How to use it: 
  To use the correction value feature, users must first enter the original commission or incentive payment amount into SAP ICM. Then, they can enter a correction value to adjust the amount of the payment. The correction value can be either a positive or negative number, depending on whether the user wants to increase or decrease the amount of the payment.
  
  Tips & Tricks: 
  When entering a correction value, it is important to make sure that it is entered correctly. If an incorrect correction value is entered, it could result in an incorrect commission or incentive payment amount. It is also important to make sure that all relevant information is entered into SAP ICM before entering a correction value, as this will ensure that the correct amount is calculated.
  
  Related Information: 
  The correction value feature is just one of many features available in SAP ICM Incentive and Commission Management. Other features include commission calculation rules, incentive calculation rules, and reporting capabilities. For more information about these features and how they can be used to manage commissions and incentives, please refer to SAP's official documentation.