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

SAP Term: scheduling rule

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Determines the rule whereby remuneration entitlements are broken down into settlement schedule items for disbursement. Example Rule 1: The same remuneration amount is paid out monthly over period X. Rule 2: The remuneration amount that is paid out quarterly for one year increases by 0.5% with each disbursement.

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• Key Concepts: 
  A scheduling rule is a feature of ICM Incentive and Commission Management (ICM) that allows users to define the timing of when incentive and commission payments are made. Scheduling rules can be used to set up recurring payments, such as monthly or quarterly payments, or to set up one-time payments. Scheduling rules can also be used to define the payment terms for different types of incentives and commissions.
  
  How to use it: 
  To use a scheduling rule, users must first define the payment terms for the incentive or commission they are setting up. This includes defining the payment frequency (e.g., monthly, quarterly, etc.), the payment date (e.g., the first of each month), and any other relevant details (e.g., payment amount, payment method, etc.). Once these details have been defined, users can create a scheduling rule that will automatically generate payments according to the defined terms.
  
  Tips & Tricks: 
  When creating a scheduling rule, it is important to ensure that all relevant details are included in order to ensure accurate and timely payments. Additionally, it is important to review and update scheduling rules on a regular basis in order to ensure that they remain up-to-date with any changes in payment terms or other relevant details.
  
  Related Information: 
  For more information on scheduling rules in ICM Incentive and Commission Management (ICM), please refer to the official SAP documentation here: https://help.sap.com/viewer/product/ICM/1H2020/en-US