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

SAP Term: valuation

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management An estimate of the value of a business object, such as a customer contract, from the viewpoint of the organization. Each valuation is determined on the basis of a valuation type. The valuation can be used as a company-wide instrument of control since it represents the basis for performance-related remuneration.

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• Key Concepts: 
  Valuation is a process in ICM Incentive and Commission Management (ICM) that determines the value of a commission or incentive. It is used to calculate the amount of money that should be paid out to an individual or organization based on their performance. Valuation can be based on a variety of factors, such as sales volume, customer satisfaction, or other metrics.
  
  How to use it: 
  Valuation is used to determine the amount of money that should be paid out for a commission or incentive. It is important to set up the valuation process correctly in order to ensure that the correct amount of money is paid out. This can be done by setting up rules and parameters for the valuation process, such as setting a minimum or maximum amount that can be paid out.
  
  Tips & Tricks: 
  When setting up the valuation process, it is important to consider all of the factors that could affect the amount of money that should be paid out. This includes factors such as sales volume, customer satisfaction, and other metrics. Additionally, it is important to consider any external factors that could affect the valuation process, such as changes in market conditions or changes in customer preferences.
  
  Related Information: 
  For more information about ICM Incentive and Commission Management (ICM), please visit the SAP website at https://www.sap.com/products/incentive-and-commission-management.html. Additionally, there are many resources available online that provide more detailed information about how to set up and use ICM for valuation purposes.