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

SAP Term: remuneration scheduling

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Scheduling of remuneration payments over a set period of time according to specific rules. Remuneration scheduling can either be based on settlement scheduling or on a rule governing the legal right to future commission.

Smart SAP Assistant

• Key Concepts: 
  Remuneration scheduling is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to plan and manage the payment of remuneration to employees. This feature enables users to define payment schedules, set up payment rules, and manage the payment of remuneration in a timely and accurate manner. 
  
  How to use it: 
  To use the remuneration scheduling feature of SAP ICM, users must first define the payment schedule. This includes setting up payment rules, such as when payments are due, how often they are due, and how much is due. Once the payment schedule is defined, users can then manage the payment of remuneration by entering employee information, such as name, address, and bank account details. 
  
  Tips & Tricks: 
  When setting up the payment schedule for remuneration scheduling in SAP ICM, it is important to ensure that all payment rules are clearly defined and that all employee information is accurate. Additionally, it is important to ensure that payments are made on time in order to avoid any delays or discrepancies in payments. 
  
  Related Information: 
  SAP ICM also offers other features related to remuneration scheduling, such as performance management and reporting. Additionally, SAP ICM can be integrated with other SAP modules, such as HR and Finance, to provide a comprehensive solution for managing employee remuneration.