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

SAP Term: minimum waiting period

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Defines the minimum number of days that an object commission contract, commission case etc. must be in the system before it is archived or effectively ended automatically by the system.

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• Key Concepts: 
  The minimum waiting period in SAP ICM Incentive and Commission Management (ICM) is the minimum amount of time that must pass before a commission can be paid out. This period is set by the company and is used to ensure that all sales are valid and that any potential issues have been resolved before the commission is paid out. 
  
  How to use it: 
  The minimum waiting period can be set up in SAP ICM by going to the “Commission Settings” tab in the ICM configuration. Here, you can set the minimum waiting period for each commission type. This setting will then be applied to all commissions of that type. 
  
  Tips & Tricks: 
  It is important to remember that the minimum waiting period is only applicable to commissions that are paid out in cash. Commissions that are paid out in other forms, such as points or rewards, do not have a minimum waiting period. 
  
  Related Information: 
  For more information on setting up the minimum waiting period in SAP ICM, please refer to the SAP Help documentation.