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

SAP Term: valuation procedure

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management This valuates an activity neutrally and delivers valuation types for commission determination. The valuation is carried out by using the correct schema for the valuation type, or directly by assigning a result entered in the system. In the insurance context, the valuation schema gives a neutral value for an activity, irrespective of which agent carried it out.

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• Key Concepts: 
  Valuation procedure is a feature of ICM Incentive and Commission Management (ICM) that allows users to define the rules and parameters for calculating commissions and incentives. It enables users to set up different types of calculations, such as flat rate, percentage, or tiered calculations. It also allows users to define the criteria for when a calculation should be applied.
  
  How to use it: 
  To use the valuation procedure feature, users must first define the calculation rules and parameters. This includes setting up the type of calculation (flat rate, percentage, or tiered), as well as defining the criteria for when a calculation should be applied. Once these parameters are set up, users can then apply the valuation procedure to their commission and incentive calculations.
  
  Tips & Tricks: 
  When setting up the valuation procedure, it is important to ensure that all of the criteria are properly defined. This will ensure that the correct calculation is applied in each situation. Additionally, it is important to test the valuation procedure before applying it to ensure that it is working correctly.
  
  Related Information: 
  The valuation procedure feature is closely related to other features of ICM Incentive and Commission Management (ICM), such as commission plans and incentive plans. These features allow users to define the rules and parameters for calculating commissions and incentives, as well as set up different types of calculations.