What is free remuneration entitlement in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: free remuneration entitlement

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management An entitlement that can either be transferred or settled. In any event, a remuneration entitlement has not yet been disbursed.

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• Key Concepts: 
  Free remuneration entitlement is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to assign a certain amount of money to an employee or group of employees as a reward for their performance. This money can be used to purchase goods or services, or it can be used as a bonus or incentive. 
  
  How to use it: 
  To use the free remuneration entitlement feature, users must first set up the parameters for the reward. This includes setting the amount of money to be given, the type of reward (goods or services, bonus, etc.), and any other conditions that must be met in order for the reward to be given. Once these parameters are set, users can then assign the reward to an employee or group of employees. 
  
  Tips & Tricks: 
  When setting up the parameters for the free remuneration entitlement, it is important to consider how much money is being given and what type of reward is being offered. It is also important to consider any conditions that must be met in order for the reward to be given. This will help ensure that the reward is fair and appropriate for the performance of the employee or group of employees. 
  
  Related Information: 
  SAP ICM Incentive and Commission Management (ICM) is a comprehensive solution for managing incentives and commissions. It provides users with features such as free remuneration entitlement, performance-based rewards, and more. For more information about SAP ICM, please visit https://www.sap.com/products/incentive-and-commission-management.html