What is time control in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: time control

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Controls periodic and non-periodic processes. The time control determines the version of all period-based objects for the whole process.

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• Key Concepts: 
  Time control is a feature of the ICM Incentive and Commission Management (ICM) component of SAP. It allows users to define and manage time periods for incentive and commission calculations. This includes setting up start and end dates, as well as defining the frequency of calculations.
  
  How to use it: 
  Time control can be used to set up time periods for incentive and commission calculations. This includes setting up start and end dates, as well as defining the frequency of calculations. The time control feature also allows users to define the rules for calculating incentives and commissions, such as the calculation method, the calculation period, and the calculation currency.
  
  Tips & Tricks: 
  When setting up time control in ICM, it is important to ensure that all relevant information is included in the setup. This includes the start and end dates, the frequency of calculations, and any other rules that need to be applied. Additionally, it is important to ensure that all calculations are performed accurately and on time.
  
  Related Information: 
  For more information on time control in ICM, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide detailed tutorials on how to set up time control in ICM.