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

SAP Term: settlement run

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Run that settles, for each commission contract, the amounts to be disbursed or recalled. All amounts due are processed, and a posting document is generated for each interface record being sent to a disbursement system. This document clears the due amounts that have been settled.

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• Key Concepts: 
  A settlement run is a process in SAP ICM Incentive and Commission Management (ICM) that calculates and pays out commissions to sales representatives based on their performance. It is used to ensure that sales representatives are compensated accurately and on time for their efforts. 
  
  How to use it: 
  To use the settlement run process, the user must first define the commission plan in SAP ICM. This includes setting up the commission structure, such as the commission rate, payment terms, and any other conditions that must be met for a commission to be paid out. Once the commission plan is set up, the user can then create a settlement run to calculate and pay out commissions. 
  
  Tips & Tricks: 
  When setting up a settlement run, it is important to ensure that all of the necessary information is included in order for the process to run smoothly. This includes making sure that all of the commission rates are correct, as well as any other conditions that must be met for a commission to be paid out. Additionally, it is important to review the results of the settlement run before processing it in order to ensure accuracy. 
  
  Related Information: 
  For more information on how to set up and use a settlement run in SAP ICM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/ICM/7.0/en-US