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

SAP Term: global remuneration clearing agreement

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Remuneration clearing rules that are not applied to individual remuneration for a particular participant. These rules cannot be agreed upon individually, but are determined globally. The global remuneration clearing agreement is contained in the commission system as a standard agreement with its own agreement category. It is not possible to assign such an agreement as an element of the standard commission contract.

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• Key Concepts: 
  A global remuneration clearing agreement is a contract between an employer and employee that outlines the terms of payment for a particular job. It is used in SAP ICM Incentive and Commission Management (ICM) to ensure that all payments are made accurately and on time. The agreement also outlines the conditions under which the employee will receive their remuneration, such as the amount of commission or bonus they will receive for completing certain tasks.
  
  How to use it: 
  The global remuneration clearing agreement is used to ensure that all payments are made accurately and on time. It also outlines the conditions under which the employee will receive their remuneration, such as the amount of commission or bonus they will receive for completing certain tasks. The agreement should be reviewed regularly to ensure that it is up-to-date and reflects any changes in the job or payment structure.
  
  Tips & Tricks: 
  When creating a global remuneration clearing agreement, it is important to ensure that all parties involved understand the terms of the agreement. This includes both the employer and employee, as well as any third parties who may be involved in the payment process. It is also important to review the agreement regularly to ensure that it is up-to-date and reflects any changes in the job or payment structure.
  
  Related Information: 
  SAP ICM Incentive and Commission Management (ICM) provides a comprehensive solution for managing global remuneration clearing agreements. It allows employers to easily create, manage, and track agreements with employees, ensuring that all payments are made accurately and on time. Additionally, ICM provides tools for tracking performance metrics, such as sales goals and customer satisfaction ratings, which can be used to adjust commission rates accordingly.