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

SAP Term: global agreement type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Agreements for the commission activity, valuation, global liability and global remuneration clearing.

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• Key Concepts: 
  Global Agreement Type is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to define the type of agreement that will be used for a particular incentive or commission plan. This feature allows users to create different types of agreements, such as fixed-term, variable-term, or multi-year agreements. The agreement type also determines the rules and parameters that will be used to calculate the incentive or commission payments. 
  
  How to use it: 
  To use the Global Agreement Type feature in SAP ICM, users must first create an agreement type in the system. This can be done by navigating to the “Agreement Types” tab in the ICM application and selecting “Create”. From there, users can enter the details of the agreement type, such as its name, description, and any applicable rules or parameters. Once the agreement type is created, it can be assigned to an incentive or commission plan. 
  
  Tips & Tricks: 
  When creating an agreement type in SAP ICM, it is important to ensure that all of the necessary details are entered correctly. This includes entering any applicable rules or parameters that will be used to calculate payments for the incentive or commission plan. Additionally, it is important to ensure that all of the agreement types are properly assigned to their respective plans. 
  
  Related Information: 
  For more information on using Global Agreement Types in SAP ICM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/ICM/7.0/en-US/f9f8d3a2b6c14e8a9f3d7c2b5f9e4d1a.html