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

SAP Term: own business

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Business whereby a commission contract partner is a member of a partnership through the commission contract but acts on his or her own account for all commission-related activities.

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• Key Concepts: 
  Own business is a term used in SAP ICM Incentive and Commission Management (ICM). It refers to the business that an individual or organization owns and operates. This includes any products, services, or activities that are part of the business. Own business also includes any related activities such as marketing, sales, customer service, and other operations.
  
  How to use it: 
  In SAP ICM, own business is used to track and manage the performance of an individual or organization’s own business. This includes tracking sales, customer service, marketing, and other operations. It also allows for the tracking of incentives and commissions earned by employees or partners for their own business activities.
  
  Tips & Tricks: 
  When using SAP ICM to track own business performance, it is important to ensure that all relevant data is accurately tracked and reported. This includes sales figures, customer service metrics, marketing efforts, and other operational data. Additionally, it is important to ensure that incentives and commissions are accurately tracked and reported in order to ensure accurate payment of rewards.
  
  Related Information: 
  SAP ICM also provides tools for tracking partner performance in addition to own business performance. This includes tracking partner sales figures, customer service metrics, marketing efforts, and other operational data. Additionally, it allows for the tracking of incentives and commissions earned by partners for their activities related to the business.