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

insured - Overview

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management The person who is covered by the insurance policy.

insured - Details

• 
  Key Concepts: 
  Insured is a term used in ICM Incentive and Commission Management (ICM). It is a type of commission that is paid out to an individual or organization when they have met certain criteria. This criteria can include sales targets, customer satisfaction, or other performance metrics. The insured commission is typically paid out on a regular basis, such as monthly or quarterly. 
  
  How to use it: 
  In ICM, insured commissions are used to incentivize sales teams and other employees to meet their goals. The commission is paid out when the criteria are met, and can be used as an additional reward for meeting the goals. This type of commission can also be used to reward customers for their loyalty or for meeting certain criteria. 
  
  Tips & Tricks: 
  When setting up an insured commission, it is important to make sure that the criteria are clearly defined and that the commission is paid out on time. It is also important to ensure that the commission is fair and equitable for all parties involved. 
  
  Related Information: 
  Insured commissions are just one type of commission that can be used in ICM. Other types of commissions include performance-based commissions, referral commissions, and loyalty bonuses. It is important to understand the different types of commissions available in order to ensure that the right type of commission is used for each