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

SAP Term: remuneration clearing

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Combination of all agreements in which additional rules are agreed, in relation to a commission case and/or business object and/or participant, or part amounts of the performace-related remuneration that influence the result of the commission fixing. Most cases concern offsetting or ceiling amount rules that affect the extent of remuneration for a variety of reasons.

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• Key Concepts: 
  Remuneration clearing is a process in SAP ICM Incentive and Commission Management (ICM) that allows for the automatic calculation and payment of commissions and incentives. It is used to ensure that all payments are accurate and up-to-date.
  
  How to use it: 
  In order to use remuneration clearing, you must first set up the appropriate rules in SAP ICM. This includes setting up the commission and incentive structures, as well as any other parameters that need to be taken into account. Once the rules are set up, the system will automatically calculate and pay out commissions and incentives based on the rules that have been set.
  
  Tips & Tricks: 
  It is important to ensure that all rules are set up correctly in order to ensure accurate payments. Additionally, it is important to regularly review the rules to ensure that they are still applicable and up-to-date.
  
  Related Information: 
  SAP ICM Incentive and Commission Management (ICM) is a comprehensive solution for managing commissions and incentives. It provides a range of features such as automated calculations, payment processing, reporting, and more. Additionally, it can be integrated with other SAP solutions such as SAP ERP or SAP CRM.