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

SAP Term: release type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Determines which tool of a logical service is used to release a settlement schedule item.

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• Key Concepts: 
  Release type is a feature of ICM Incentive and Commission Management (ICM) that allows users to control the release of commission payments. It enables users to define the criteria for when and how commission payments are released. This includes setting up rules for when payments are released, such as after a certain period of time or when certain conditions are met.
  
  How to use it: 
  To use the release type feature, users must first define the criteria for when and how commission payments should be released. This can be done by setting up rules for when payments should be released, such as after a certain period of time or when certain conditions are met. Once these rules have been set up, users can then select the appropriate release type when creating commission payment plans.
  
  Tips & Tricks: 
  When setting up rules for release types, it is important to consider the needs of both the company and its employees. For example, if employees need to receive their commission payments quickly, then it may be beneficial to set up a rule that releases payments after a shorter period of time. On the other hand, if the company needs to ensure that all conditions are met before releasing payments, then it may be beneficial to set up a rule that requires all conditions to be met before releasing payments.
  
  Related Information: 
  The release type feature is closely related to other features of ICM Incentive and Commission Management (ICM), such as payment plans and payment methods. It is important to understand how these features work together in order to ensure that commission payments are released in an efficient and effective manner.