What is partial cancellation in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: partial cancellation

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A business transaction is partially recalculated. &EXAMPLE& A longstanding customer contract has a term of over ten years but it is cancelled after five years. The business that was concluded within the term of the contract is not recalculated, but the future business.

Smart SAP Assistant

• Key Concepts: 
  Partial cancellation is a feature of ICM Incentive and Commission Management (ICM) that allows users to partially cancel a commission payment. This means that the user can cancel a portion of the commission payment, while still allowing the remainder of the payment to be processed. This feature is useful for situations where a commission payment needs to be adjusted due to changes in the underlying transaction or other circumstances.
  
  How to use it: 
  To use partial cancellation, users must first select the commission payment they wish to partially cancel. Once selected, they can then enter the amount they wish to cancel and submit the request. The system will then process the partial cancellation and adjust the commission payment accordingly.
  
  Tips & Tricks: 
  When using partial cancellation, it is important to ensure that all relevant information is included in the request. This includes details such as the reason for the partial cancellation, as well as any other relevant information that may be necessary for processing the request. Additionally, it is important to ensure that all relevant parties are notified of any changes made to the commission payment.
  
  Related Information: 
  Partial cancellation is just one of many features available in ICM Incentive and Commission Management (ICM). Other features include commission calculation, reporting, and reconciliation. Additionally, ICM also provides users with access to real-time data and analytics, allowing them to make informed decisions about their commission payments.