What is gate in SAP LOD-SF-CMP - Compensation Management?

SAP Term: gate

• Component: LOD-SF-CMP

• Component Name: Compensation Management

• Description: A feature in an incentive plan, generally defined as some minimum performance level that must be met in order to pay out on an associated goal, component, or the entire plan. Gates are often tied to the incentive plan's funding mechanism, such as revenue goals, and are used to ensure a minimum level of funding is achieved before there is payout.

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• Key Concepts: 
  A gate in SAP Compensation Management is a point in the compensation process where a manager or other decision maker can review and approve or reject a compensation request. It is used to ensure that the compensation process is properly managed and that all decisions are made in accordance with company policies. 
  
  How to use it: 
  Gates are used to control the flow of compensation requests through the system. When a request is submitted, it will be routed to the appropriate gate for review and approval. The gate can be configured to require certain criteria to be met before the request can be approved, such as budget approval or manager approval. Once the criteria are met, the request can be approved and will move on to the next step in the process. 
  
  Tips & Tricks: 
  It is important to configure gates correctly so that requests are routed to the appropriate decision makers. It is also important to ensure that all criteria for approval are clearly defined so that requests can be approved quickly and efficiently. 
  
  Related Information: 
  For more information on gates in SAP Compensation Management, please refer to the SAP Help documentation.