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

SAP Term: time unit

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A unit used to measure time. The following time units are defined: Day Week Month Year

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• Key Concepts: 
  Time unit is a term used in SAP ICM Incentive and Commission Management (ICM). It is a unit of time used to measure the duration of an incentive or commission plan. Time units are typically measured in days, weeks, months, or years. 
  
  How to use it: 
  Time units are used to define the duration of an incentive or commission plan. For example, if a plan is set to run for one year, the time unit would be set to “year”. The time unit can also be used to define the frequency of payments or rewards. For example, if a plan is set to pay out every two weeks, the time unit would be set to “week”. 
  
  Tips & Tricks: 
  When setting up an incentive or commission plan in SAP ICM, it is important to ensure that the correct time unit is selected. This will ensure that the plan runs for the desired duration and that payments or rewards are issued at the correct frequency. 
  
  Related Information: 
  For more information on setting up an incentive or commission plan in SAP ICM, please refer to the official SAP documentation.