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

SAP Term: partnership

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A means of grouping commission contracts together to determine the remuneration split for that particular group. A partnership is represented by a specific commission contract, which enables it to participate in commission cases. This means that all members of a partnership automatically become participants in the commission case. Commission contracts belonging to the same partnership are not related to each other in a hierarchy.

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• Key Concepts: 
  Partnership in SAP ICM Incentive and Commission Management (ICM) is a relationship between two or more entities that have agreed to work together to achieve a common goal. This could be a business relationship, such as a vendor-customer relationship, or a strategic alliance between two companies. Partnerships can also be formed between individuals, such as a joint venture or a joint research project. 
  
  How to use it: 
  In SAP ICM, partnerships are used to define the relationships between entities that are involved in the incentive and commission process. This includes defining the roles of each partner, such as who is responsible for providing the incentive or commission, and who is responsible for receiving it. Partnerships can also be used to define the terms of the agreement, such as how much each partner will receive or how long the partnership will last. 
  
  Tips & Tricks: 
  When creating partnerships in SAP ICM, it is important to ensure that all parties involved are aware of their roles and responsibilities. This will help ensure that all parties are on the same page and that any disputes can be resolved quickly and efficiently. Additionally, it is important to ensure that all partners are aware of any changes to the partnership agreement so that everyone is up-to-date on the latest terms and conditions. 
  
  Related Information: 
  For more information on partnerships in SAP ICM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_ICM/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html