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

SAP Term: reinstatement

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Restoration of the original terms and conditions of an insurance policy that was either exempt from contributions or that had been terminated or changed by way of termination notice, withdrawal or conversion.

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• Key Concepts: 
  Reinstatement is a feature of ICM Incentive and Commission Management (ICM) that allows users to restore a previously deleted or expired incentive or commission plan. This feature is useful for organizations that need to quickly restore an incentive or commission plan in order to continue operations without having to recreate the plan from scratch.
  
  How to use it: 
  To use the reinstatement feature, users must first locate the deleted or expired plan in the ICM system. Once the plan is located, users can select the “Reinstate” option from the menu. This will restore the plan to its original state, allowing users to continue operations without having to recreate the plan from scratch.
  
  Tips & Tricks: 
  When using the reinstatement feature, it is important to remember that any changes made to the plan prior to its deletion or expiration will not be restored. Therefore, it is important to make sure that all changes are saved prior to deleting or expiring a plan. Additionally, it is important to note that any changes made after the plan has been reinstated will not be reflected in the original version of the plan. 
  
  Related Information: 
  For more information on reinstatement in ICM Incentive and Commission Management (ICM), please refer to SAP’s official documentation on the topic. Additionally, there are several online resources available that provide detailed instructions on how to use this feature.