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

SAP Term: periodicity

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Time interval in which a recurring process is performed. The periodicity is defined technically by the period rule. It is specified for all periodic processes in such as guarantees, flat rates, additional commission cases, and target agreements. &EXAMPLE& Period rule: Quarterly In other words the period is defined as follows: No. of time units: 3 Time unit: Month

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• Key Concepts: 
  Periodicity in ICM Incentive and Commission Management (ICM) refers to the frequency of payments or calculations. It is used to define the time period for which a payment or calculation should be made. For example, a periodicity of monthly would mean that payments or calculations are made on a monthly basis. 
  
  How to use it: 
  In ICM, periodicity is used to define the frequency of payments or calculations. This can be done by setting up a periodicity in the system. This can be done by going to the ‘Periodicity’ tab in the ICM configuration and selecting the desired frequency. 
  
  Tips & Tricks: 
  When setting up periodicity in ICM, it is important to consider the business needs and requirements. For example, if payments need to be made on a weekly basis, then a weekly periodicity should be set up. 
  
  Related Information: 
  For more information on setting up periodicity in ICM, please refer to the SAP Help Portal.