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

SAP Term: global agreement

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management An agreement which applies to the whole company and which is above the standard contract in the hierarchy. Global agreements are valid for all standard contracts.

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• Key Concepts: 
  A global agreement in SAP ICM is a contract between a company and its sales representatives that outlines the terms of their relationship. It defines the commission rate, payment terms, and other details of the agreement. It also serves as a reference document for all sales representatives and can be used to track performance and ensure compliance with the agreement.
  
  How to use it: 
  In SAP ICM, global agreements are created in the Global Agreement Management (GAM) module. This module allows users to create, edit, and manage global agreements. It also provides tools for tracking performance and ensuring compliance with the agreement.
  
  Tips & Tricks: 
  When creating a global agreement in SAP ICM, it is important to ensure that all relevant information is included. This includes commission rates, payment terms, and any other details that are relevant to the agreement. Additionally, it is important to review the agreement regularly to ensure that it is up-to-date and compliant with any changes in regulations or laws.
  
  Related Information: 
  For more information on global agreements in SAP ICM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/ICM/7.0/en-US.