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

SAP Term: remuneration clearing rule

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management This describes remuneration clearing in the commission system. It contains information on the clearing procedure and is defined in the remuneration clearing agreement.

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• Key Concepts: 
  A remuneration clearing rule is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to define the rules for how commission payments are calculated and distributed. It enables users to set up rules for how commission payments are calculated, such as the amount of commission to be paid out, the payment frequency, and the payment method. The remuneration clearing rule also allows users to define the criteria for when a commission payment should be made, such as when a certain sales target is met or when a customer has made a purchase.
  
  How to use it: 
  To use the remuneration clearing rule in SAP ICM, users must first create a rule in the system. This can be done by selecting the “Create Rule” option from the ICM menu. Once the rule is created, users can then define the criteria for when a commission payment should be made. This includes setting up criteria such as sales targets, customer purchases, and other conditions that must be met before a commission payment is made. After setting up the criteria, users can then specify the amount of commission to be paid out, the payment frequency, and the payment method. 
  
  Tips & Tricks: 
  When creating a remuneration clearing rule in SAP ICM, it is important to ensure that all criteria are clearly defined and that all conditions are met before making any commission payments. Additionally, it is important to ensure that all payment information is accurate and up-to-date so that payments are made correctly and on time. 
  
  Related Information: 
  For more information on using remuneration clearing rules in SAP ICM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/ICM/7.0/en-US/f9f8d3a2b6c14e8a9f3d7c2b5f9e4d1a.html