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

SAP Term: due date

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management The date that determines the period and calendar year in which the settlement item is scheduled for settlement. The actual date on which the settlement is carried out is documented in the settlement date.

Smart SAP Assistant

• Key Concepts: 
  Due date in ICM Incentive and Commission Management (ICM) is the date by which a payment or commission must be received. It is used to track when payments are due and to ensure that payments are made on time. 
  
  How to use it: 
  The due date for a payment or commission can be set in ICM. This can be done by selecting the payment or commission in the ICM system and then setting the due date. The due date can also be changed if needed. 
  
  Tips & Tricks: 
  It is important to set a realistic due date for payments or commissions in ICM. This will help ensure that payments are received on time and that any delays are minimized. 
  
  Related Information: 
  In addition to setting due dates, ICM also allows users to track payments and commissions, as well as view reports on payments and commissions. This can help users stay on top of their payments and commissions and ensure that they are paid on time.