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

SAP Term: incentive

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Measure taken by an enterprise to encourage increased performance by staff or freelance staff. An incentive is either monetary or non-monetary and is for a certain period of time. An incentive is remunerated for an activity provided during a certain period of time. &EXAMPLE& If a person/group/organization succeeds in winning a certain amount of contracts over a certain period of time, they are rewarded with a certain number of air miles. A competition for launching a new product on the market is held, whereby the prize money of 10,000 USD is promised as an incentive.

Smart SAP Assistant

• Key Concepts: 
  Incentive and Commission Management (ICM) is a component of SAP software that helps organizations manage their incentive and commission programs. It enables companies to create, manage, and track incentive and commission plans for their employees, customers, and partners. It also provides a comprehensive view of the performance of each program, allowing companies to make informed decisions about their incentive and commission strategies. 
  
  How to use it: 
  ICM can be used to create incentive and commission plans for employees, customers, and partners. It allows users to define the criteria for each plan, such as the type of incentive or commission, the amount of the incentive or commission, and the duration of the plan. Once a plan is created, ICM can be used to track performance against the plan and make adjustments as needed. 
  
  Tips & Tricks: 
  When creating an incentive or commission plan with ICM, it is important to consider the goals of the plan. This will help ensure that the plan is tailored to meet the needs of the organization. Additionally, it is important to review performance regularly to ensure that the plan is achieving its desired results. 
  
  Related Information: 
  For more information on ICM Incentive and Commission Management, please visit SAP’s website at https://www.sap.com/products/incentive-and-commission-management.html.