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

SAP Term: process type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Describes a type of process. Examples of process types in are: Flat rate Guarantee Additional commission case Retention Settlement The process type does not affect the way the process is executed, such as a resetting process or an executing process. This is determined by the process method.

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• Key Concepts: 
  Process type is a feature of ICM Incentive and Commission Management (ICM) that allows users to define the type of process they want to use for their incentive and commission calculations. It is used to define the rules and parameters that will be used to calculate the incentive or commission. Process types can be used to define different types of calculations, such as flat rate, tiered, or bonus calculations.
  
  How to Use It: 
  To use process type in ICM, users must first create a process type in the ICM configuration. This process type will define the rules and parameters that will be used for the incentive or commission calculation. Once the process type is created, it can be assigned to an incentive or commission plan. This will allow users to select the appropriate process type when creating an incentive or commission plan.
  
  Tips & Tricks: 
  When creating a process type in ICM, it is important to ensure that all of the necessary parameters are included in the definition. This will ensure that all of the necessary information is available for the calculation of incentives and commissions. Additionally, it is important to test the process type before assigning it to an incentive or commission plan, as this will ensure that it is functioning correctly.
  
  Related Information: 
  For more information on process types in ICM, please refer to SAP's documentation on Incentive and Commission Management (ICM). Additionally, there are many online resources available that provide detailed information on how to configure and use process types in ICM.