What is universal agreement in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: universal agreement

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A standard agreement that is valid for each standard commission contract in a commission application. The universal agreement is a special attribute of a standard agreement. The indicator can be set independently of the adjustment level. A universal agreement automatically becomes one of the assigned agreements when you create a standard contract, and it cannot be removed from there.

Smart SAP Assistant

• Key Concepts: 
  Universal Agreement is a feature of SAP ICM Incentive and Commission Management (ICM) that allows companies to create and manage agreements between multiple parties. It enables companies to define the terms of the agreement, such as payment terms, commission rates, and other conditions. It also provides a platform for tracking and monitoring the progress of the agreement. 
  
  How to use it: 
  Universal Agreement can be used to create and manage agreements between multiple parties. Companies can define the terms of the agreement, such as payment terms, commission rates, and other conditions. The agreement can then be tracked and monitored using the platform. 
  
  Tips & Tricks: 
  When creating an agreement, it is important to ensure that all parties involved are aware of the terms and conditions of the agreement. It is also important to ensure that all parties are in agreement with the terms before signing off on the agreement. 
  
  Related Information: 
  For more information on Universal Agreement in SAP ICM Incentive and Commission Management (ICM), please refer to the official SAP documentation.