What is minimum retention period in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: minimum retention period

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management The minimum number of days that objects whose contracts have ended must stay in the system before they are effectively ended and archived automatically so that any pending liabilities or commissions can be paid.

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• Key Concepts: 
  The minimum retention period is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to set a minimum amount of time that must pass before a commission can be paid out. This ensures that the commission is not paid out too soon, and that the company has time to review the commission before it is paid.
  
  How to use it: 
  To use the minimum retention period feature, users must first set up a commission plan in SAP ICM. Once the plan is set up, users can then set the minimum retention period for each commission plan. This can be done by selecting the “Minimum Retention Period” option in the commission plan settings. Users can then enter the desired amount of time before the commission can be paid out.
  
  Tips & Tricks: 
  It is important to remember that the minimum retention period applies to all commissions associated with a particular commission plan. Therefore, if you want to change the minimum retention period for a particular commission, you must change it for all commissions associated with that plan.
  
  Related Information: 
  For more information on setting up and using the minimum retention period feature in SAP ICM, please refer to the SAP Help documentation.