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

SAP Term: settlement schedule run

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A process that converts settlement schedule items into line item detail lines and settlement items.

Smart SAP Assistant

• Key Concepts: 
  Settlement schedule run is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to automate the process of calculating and settling commissions. It enables users to define a schedule for running settlement processes, such as calculating commissions, generating invoices, and creating payment documents.
  
  How to use it: 
  To use the settlement schedule run feature, users must first define a settlement schedule in the ICM system. This includes setting up the criteria for when the settlement process should be triggered, such as a specific date or time interval. Once the schedule is set up, users can then configure the settlement process itself, such as setting up rules for calculating commissions and generating invoices. Finally, users can execute the settlement schedule run to initiate the settlement process.
  
  Tips & Tricks: 
  When setting up a settlement schedule run, it is important to ensure that all of the necessary criteria are configured correctly. This includes setting up rules for calculating commissions and generating invoices, as well as ensuring that all of the necessary data is available in the system. Additionally, it is important to test the settlement schedule run before executing it in order to ensure that it works as expected.
  
  Related Information: 
  Settlement schedule runs are closely related to other features of SAP ICM Incentive and Commission Management (ICM), such as commission plans and payment documents. Additionally, they are often used in conjunction with other features of SAP ERP systems, such as accounts receivable and accounts payable.