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

SAP Term: partner

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A unit inside or outside the organization that can be assigned a credential, such as an employee, business partner, organization, participant group, agency, department, enterprise, or machine.

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• Key Concepts: 
  A partner in the context of ICM Incentive and Commission Management (ICM) is an individual or organization that has a contractual relationship with a company to provide services or products. Partners can be customers, suppliers, distributors, resellers, or any other type of business relationship. Partners are typically assigned a unique identifier and tracked in the ICM system for the purpose of calculating commissions and incentives. 
  
  How to use it: 
  Partners are typically added to the ICM system by an administrator. The partner's information is then stored in the system and used to track their performance and calculate commissions and incentives. The partner's performance can be monitored through reports and dashboards that show sales, revenue, and other metrics. 
  
  Tips & Tricks: 
  When adding a partner to the ICM system, it is important to ensure that all relevant information is included such as contact details, payment terms, and commission rates. This will ensure that the partner is accurately tracked in the system and that their performance can be accurately measured. 
  
  Related Information: 
  Partners are an important part of any incentive or commission program as they are responsible for driving sales and revenue. It is important to ensure that partners are properly incentivized for their performance in order to maximize their contribution to the company's success. Additionally, it is important to ensure that partners are properly managed in order to maintain a healthy relationship with them.