Module Breakdown & overview

The Contracts Module in Corma is designed to give you full visibility and control over your contracts, costs, and savings. Whether you’re tracking license usage, analyzing spending, or optimizing your budget, this module provides the tools you need to simplify contract management and maximize savings.

Access the Contracts module by clicking on the dedicated page in the left sidebar.

🎬See it in action here (2 min)

Disclaimer: cost vs spend

• Cost: The fixed amount you commit to when signing a contract. This is what our Contracts module focuses on.

• Spend: The actual amount spent over time, which may include variable expenses such as Additional users, add-ons or upgrades, usage-based fees. It corresponds to what you actually pay based on your transactions (invoices).

KPIS

At the top of the Contracts Page, you’ll find KPIs that provide a snapshot of your contract landscape:

• Total Seat savings (LTM): The sum of all seat savings for all of your apps

• Total Contracts Costs (LTM) The actual amount spent across all contracts.

• Total live contracts: Total number of contracts with a "Live" stage

• Missing contracts owner: Total number of contracts for which no owner has been assigned

• Upcoming renewals: Number of renewals this month`

  

Contracts Table

The main table displays all your contracts, with the following columns:

• App

• Spend (LTM): Amount paid in the last 12 months. Calculated from invoices (integrations or manual entry).

• Contract owner

• Renewal date

• Cost (LTM): Estimated cost this year, based on license counts and their assigned value

• Usage: overview of the number of active, inactive, spare and over licenses

• Seat savings (LTM): Estimated potentials savings in the last 12 months based on the number of spare and inactive licenses.

Contracts drawer

Clicking on any contract in the table opens the Contract Drawer, where you can view & update:

• Contract Details: contract owner, stage (live / cancelled / negotiating / rollout / testing), type (one-shot / licensing / usage-based), payment method (Wire / Card / Direct debit)

• Timeline: Contrat start date, Notice date, Renewal date

• Attachements: Import your contracts here

• Contract items: Seat or Fixed item along with their Quantity, Cost/unit, period

• Total contract cost

🎯 Use cases

• Import contracts into Corma

• Import invoices into Corma