What is effective validity in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: effective validity

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Documentation of the time at which a change to the master data becomes effective. This does not necessarily have to correspond to the time the change is processed. Changes entered can, for example, become effective at a time in the past retroactively or in the future. The effective validity always refers to the system clock from the database server format of the timestamp: YYYY.MM.DD hh:mm:ss. It is checked agains the effective evaluation date, which can differ from the current time-spot.

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• Key Concepts: 
  Effective validity is a feature of ICM Incentive and Commission Management (ICM) that allows users to define the period of time during which a particular commission plan is valid. This feature allows users to set up different commission plans for different periods of time, allowing them to adjust their commission plans as needed.
  
  How to use it: 
  To use effective validity, users must first create a commission plan in ICM. Once the plan is created, users can set the effective validity period by selecting a start date and an end date for the plan. This will ensure that the plan is only valid during the specified period of time.
  
  Tips & Tricks: 
  When setting up effective validity, it is important to make sure that the start and end dates are accurate. If the dates are not accurate, then the commission plan may not be valid during the desired period of time.
  
  Related Information: 
  For more information about effective validity in ICM, please refer to the official SAP documentation.