What is 'method of distributing commission' in SAP ICM - Incentive and Commission Management (ICM)?

method of distributing commission - Overview

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management The way in which commission is distributed among those involved in the commission case. In the case of an insurance company this includes splitting, difference commission, additional commission, and so on.

method of distributing commission - Details

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  Key Concepts:
  The ICM Incentive and Commission Management (ICM) component of SAP is a tool used to manage the distribution of commission payments. It allows companies to define commission plans, calculate commissions, and distribute payments to employees or other stakeholders. It also provides a comprehensive view of the entire commission process, from plan design to payment.
  
  How to use it:
  The ICM Incentive and Commission Management component can be used to create commission plans that define how commissions are calculated and distributed. It also provides tools for tracking and managing the commission process, including calculating commissions, distributing payments, and reporting on results.
  
  Tips & Tricks:
  When creating a commission plan, it is important to consider the goals of the plan and how it will be used. This will help ensure that the plan is designed in a way that meets the needs of the company and its stakeholders. Additionally, it is important to consider how the plan will be monitored and managed over time.
  
  Related Information:
  The ICM Incentive and Commission Management component is part of SAP's suite of enterprise resource planning (ERP) software solutions. It can be used in conjunction with other SAP components such as Financial Accounting (FI), Controlling (CO), Human Resources (HR), and Sales & Distribution (SD).