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

SAP Term: period management

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Concept of giving commission contracts different versions. All versions of a commission contract are managed on the basis of periods. A clerk can access any version of a contract at any time. The effective and technical validity are used to control which version of the contract is valid when.

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• Key Concepts: 
  Period management in SAP ICM is the process of defining and managing the periods in which incentive and commission calculations are performed. It allows users to define the start and end dates of a period, as well as the frequency of the period (monthly, quarterly, etc.). It also allows users to define the rules for calculating commissions and incentives for each period.
  
  How to use it: 
  To use period management in SAP ICM, users must first define the periods they wish to use. This can be done by creating a new period or editing an existing one. Once the periods have been defined, users can then assign them to different incentive and commission plans. This will allow users to calculate commissions and incentives for each period according to the rules defined in the plan.
  
  Tips & Tricks: 
  When creating or editing a period, it is important to ensure that all of the necessary information is included. This includes the start and end dates of the period, as well as any rules that need to be applied for calculating commissions and incentives. Additionally, it is important to ensure that all of the periods are properly linked together so that calculations can be performed accurately.
  
  Related Information: 
  For more information on period management in SAP ICM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/ICM/7.0/en-US/f8d9f3c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6