What is in-force business maintenance in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: in-force business maintenance

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Measures taken to retain in-force business, along with efforts to extend the business relationship with the customer and to improve insurance coverage.

Smart SAP Assistant

• Key Concepts: 
  In-force business maintenance is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to manage their existing business contracts. This feature enables users to view, edit, and update existing contracts, as well as create new ones. It also allows users to track the performance of their contracts and make changes as needed.
  
  How to use it: 
  In-force business maintenance can be accessed through the ICM Incentive and Commission Management (ICM) module. Once in the module, users can view their existing contracts and make changes as needed. They can also create new contracts and track the performance of their existing contracts.
  
  Tips & Tricks: 
  When using in-force business maintenance, it is important to keep track of all changes made to existing contracts. This will help ensure that all changes are properly documented and that any discrepancies are quickly identified and addressed. Additionally, it is important to review all contracts regularly to ensure that they are up-to-date and accurate.
  
  Related Information: 
  In addition to in-force business maintenance, SAP ICM Incentive and Commission Management (ICM) also offers features such as contract management, commission calculation, and reporting. These features can help users manage their contracts more efficiently and accurately.