What is early cancellation in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: early cancellation

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Recalculation of a business transaction. &EXAMPLE& Termination or reduction of a customer contract.

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• Key Concepts: 
  Early cancellation is a feature of SAP ICM Incentive and Commission Management (ICM) that allows customers to cancel their contracts before the end of the term. This feature is designed to provide customers with more flexibility and control over their contracts.
  
  How to use it: 
  To use the early cancellation feature, customers must first log into their SAP ICM account. Once logged in, they can select the “Early Cancellation” option from the menu. From there, they can enter the details of their contract and submit a request for early cancellation.
  
  Tips & Tricks: 
  It is important to note that early cancellation may incur additional fees or penalties, depending on the terms of the contract. Customers should read their contract carefully before submitting a request for early cancellation.
  
  Related Information: 
  For more information about SAP ICM Incentive and Commission Management, please visit the official SAP website. Additionally, customers can contact their SAP representative for more information about early cancellation and other features of ICM.