What is settlement rescheduling in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: settlement rescheduling

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management The process used to change a remuneration entitlement that is ready for disbursement as a result of changed circumstances. Example The customer's payment methods have changed from "annually" to "monthly" payments. Consequently the disbursement methods of commission payments to commission recipients could change accordingly.

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• Key Concepts: 
  Settlement rescheduling is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to adjust the timing of payments for commission and incentive plans. This feature enables users to adjust the payment schedule for a plan, allowing them to pay out commissions and incentives at different times than originally planned. 
  
  How to use it: 
  To use settlement rescheduling, users must first create a commission or incentive plan in SAP ICM. Once the plan is created, users can then adjust the payment schedule for the plan by selecting the “Settlement Rescheduling” option from the menu. This will open a window where users can select the new payment date for the plan. 
  
  Tips & Tricks: 
  When using settlement rescheduling, it is important to remember that any changes made to the payment schedule will only apply to future payments. Any payments that have already been made will not be affected by the changes. 
  
  Related Information: 
  For more information on settlement rescheduling in SAP ICM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/ICM/7.0/en-US/f9f8d3a2b6c14e8a9f3d7c2b5f9e4d1a.html