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

SAP Term: settlement scheduling

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A process that schedules the settlement of a remuneration based on a set of rules. The result is a settlement schedule consisting of one or more settlement schedule items. Every settlement schedule item represents one scheduled due date document. The scheduling of remuneration in the settlement schedule can be adjusted retroactively on the basis of new scheduling data. This is referred to as settlement rescheduling. Example The remuneration entitlement of a commission case which is due for disbursement is scheduled on the basis of a scheduling rule. The scheduling is fixed in the settlement schedule on the basis of the settlement schedule items. The remuneration entitlement to be disbursed totals 1200 euros, which is now scheduled into "monthly" amounts of 12 x 100 euros. The settlement schedule run converts the settlement schedule items generated by the remuneration entitlement to be disbursed into due date documents.

Smart SAP Assistant

• Key Concepts:
  Settlement scheduling is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to automate the process of settling commissions and incentives. It enables users to define the timing and frequency of settlements, as well as the criteria for determining which transactions should be included in a settlement.
  
  How to use it:
  Settlement scheduling can be used to automate the process of settling commissions and incentives. To do this, users must first define the criteria for determining which transactions should be included in a settlement. This can include criteria such as transaction type, date range, or customer segment. Once the criteria have been defined, users can then set up a schedule for when settlements should occur. This can include daily, weekly, or monthly settlements.
  
  Tips & Tricks:
  When setting up a settlement schedule, it is important to consider the frequency of transactions that need to be settled. If there are frequent transactions, it may be beneficial to set up more frequent settlements. Additionally, it is important to consider the amount of time needed to process each settlement. If there is a large amount of data that needs to be processed, it may be beneficial to set up longer intervals between settlements.
  
  Related Information:
  Settlement scheduling is closely related to other features of SAP ICM Incentive and Commission Management (ICM), such as commission calculation and incentive calculation. These features allow users to calculate commissions and incentives based on predefined criteria. Additionally, SAP ICM also provides reporting capabilities that allow users to view detailed information about their commissions and incentives.