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

SAP Term: remuneration disbursement

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Remuneration entitlement that a commission recipient has earned and can expect to be paid out.

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• Key Concepts: 
  Remuneration disbursement is a process in SAP ICM Incentive and Commission Management (ICM) that allows companies to pay out commissions and incentives to their employees. It is a way for companies to reward their employees for their performance and loyalty. 
  
  How to use it: 
  In order to use the remuneration disbursement process in SAP ICM, companies must first set up the system with the necessary parameters. This includes setting up the commission and incentive plans, as well as defining the criteria for payment. Once this is done, the system can be used to calculate and pay out commissions and incentives to employees based on their performance. 
  
  Tips & Tricks: 
  When setting up the remuneration disbursement process in SAP ICM, it is important to ensure that all of the necessary parameters are set up correctly. This will ensure that the system is able to accurately calculate and pay out commissions and incentives to employees. Additionally, it is important to regularly review the system to ensure that it is up-to-date with any changes in company policies or regulations. 
  
  Related Information: 
  SAP ICM Incentive and Commission Management (ICM) is a comprehensive solution for managing incentive and commission payments. It provides companies with a way to track performance, calculate payments, and manage payments in an efficient manner. Additionally, it provides companies with detailed reporting capabilities so they can better understand their incentive and commission payments.