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

SAP Term: partnership type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Attribute on which various characteristics of a partnership depend. You define certain Customizing settings for partnerships according to the partnership type. &EXAMPLE& The partnership type used to define distribution ratios The partnership type used to determine indirect participants

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• Key Concepts: 
  Partnership type is a feature of ICM Incentive and Commission Management (ICM) that allows users to define different types of partnerships. This feature allows users to create different rules and conditions for each type of partnership, such as commission rates, payment terms, and other criteria. This helps users to easily manage their partnerships and ensure that all partners are treated fairly. 
  
  How to use it: 
  To use the partnership type feature in ICM, users must first create a partnership type. This can be done by selecting the “Partnership Type” option from the main menu. From there, users can enter the details of the partnership type, such as the name, description, commission rate, payment terms, and other criteria. Once the partnership type is created, users can then assign it to any existing or new partnerships. 
  
  Tips & Tricks: 
  When creating a partnership type in ICM, it is important to consider all of the criteria that will be used to determine the commission rate and payment terms. This will help ensure that all partners are treated fairly and that all partnerships are managed efficiently. Additionally, it is important to keep track of all partnership types so that they can be easily accessed when needed. 
  
  Related Information: 
  For more information on how to use the partnership type feature in ICM Incentive and Commission Management (ICM), please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.