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

SAP Term: frequency

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Defines the number of base periods for each period.

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• Key Concepts: 
  Frequency is a term used in ICM Incentive and Commission Management (ICM) to refer to the rate at which a commission or incentive is paid out. It can be set to a specific date, such as monthly or quarterly, or it can be set to a specific number of days, such as 30 or 90 days.
  
  How to use it: 
  In ICM, frequency is used to determine how often a commission or incentive is paid out. To set the frequency, go to the “Settings” tab in ICM and select “Frequency”. From there, you can select the desired frequency for each commission or incentive. 
  
  Tips & Tricks: 
  When setting the frequency for a commission or incentive, it is important to consider the needs of both the company and its employees. For example, if employees need their commissions quickly, then setting a shorter frequency may be beneficial. On the other hand, if the company needs more time to process payments, then setting a longer frequency may be more appropriate. 
  
  Related Information: 
  For more information on setting up frequencies in ICM, please refer to the SAP Help Portal: https://help.sap.com/viewer/product/ICM/1.0/en-US