What is similar business in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: similar business

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Substituting existing insurance cover with similar cover. The substitute transaction must be identified in the delivery system and reported in the commission case such that the new insurance cover is entered in the commission system under the internal key of the old insurance cover. The liability rules are then applied as though no switch has taken place. For this reason, each object/subobject has an internal key in the commission system.

Smart SAP Assistant

• Key Concepts: 
  Similar Business is a feature of ICM Incentive and Commission Management (ICM) that allows users to group similar businesses together for easier management. This feature allows users to create a single set of rules and conditions that can be applied to multiple businesses, making it easier to manage and track performance. 
  
  How to use it: 
  To use the Similar Business feature, users must first create a “similar business” group. This group can be created by selecting the “Similar Business” option from the ICM menu. Once the group is created, users can add businesses to the group by selecting them from the list of available businesses. Once all desired businesses have been added, users can then apply rules and conditions to the entire group. 
  
  Tips & Tricks: 
  When creating a similar business group, it is important to ensure that all businesses in the group are actually similar in nature. This will ensure that the rules and conditions applied to the group are applicable to all businesses in the group. Additionally, it is important to regularly review and update the rules and conditions applied to the similar business group as needed. 
  
  Related Information: 
  For more information on ICM Incentive and Commission Management (ICM), please visit SAP’s official website at https://www.sap.com/products/incentive-and-commission-management.html. Additionally, SAP provides a comprehensive guide on how to use ICM at https://help.sap.com/viewer/product/ICM/en-US/.