Closing and Settlement 
Closing and Settlement
Use
Acquisition
Flat-rate remuneration, guarantees and remuneration for additional commission cases are calculated during the closing run and are posted in Incentive and Commission Management.
The calculations refer to the reference period for the remuneration type and run on the specified key date.
You can execute the following closing runs:
Settlement
During the settlement run, the disbursement amount for the commission recipient is calculated and transferred to the payment system (target system) on a periodic basis.
The disbursement amount is the total of the due date amounts. The commission documents are the basis of the calculation.
A part of the calculated disbursement amount can be retained as a reversal reserve.
Integration
Closing Tasks
The closing tasks include the calculation of flat-rate remuneration and guarantee amounts as well as the determination of the data from the additional commission cases.
Settlement
In settlement, the remuneration amounts from the commission cases, additional commission cases and the flat rates and guarantees calculated during closing are transferred to the relevant payment system.
Features
The contract is locked during settlement using logical locks.
You can improve performance by executing more than one closing run at the same time.
Closure and settlement in Incentives and Commission Management offers you the following functions:
Modifying Data before Transfer to FI
Modifying Data before Transfer to HR
Modifying Data Before Transferral to Collections and Disbursements
Unlocking Payment