Keep your budget in check by monitoring and managing your subscription costs with real-time notifications when expenses exceed contract values. This proactive approach helps ensure budget control and contract compliance.

The Problem

It's crucial to keep an eye on subscription costs to avoid overspending and ensure contract compliance. Manual tracking can be cumbersome and error-prone.

The Solution

Torii helps you:

• Continuously track expenses against contract values.
• Receive notifications when expenses approach or exceed contract limits.
• Prevent overspending and stay within your budget.

How It Works

Monitor from the Applications Page

View, Filter, and Create Views: Use columns like "Expenses (active contract duration)" and "Expenses compared to contract value (%)" to streamline your monitoring.

Drill Down to a Specific App

View Expenses in Contract Duration: See detailed expenses that occurred during the active contract. Change the date range to view expenses for the last 12 months, the current year, or all-time.
View Active Contracts: Access a pre-filtered contracts table to view active contracts.

Get Alerted and Notify Others

Create Workflow-Based Notifications:

1. Set thresholds to trigger notifications when expenses exceed set limits.
2. Customize notification text.  Choose to send notifications via Slack, email, or ticketing systems.

Best Practices

• Create Workflow-Based Notifications: Stay on top of your expenses by setting up automatic alerts.
• Create Shared Views in the Applications Page: Facilitate easy access and monitoring for your team.

FAQs

Q: What if there are no expenses during the active contract for a specific app?

A: If there are expenses for the app but none occurred during the active contract duration, the "Expenses (active contract duration)" column will show 0. If the app has no expenses at all, the column will be empty.

By leveraging Torii’s "Expenses Compared to Contract Value" feature, you can efficiently monitor, track, and control your subscription costs, ensuring you stay within budget and maintain contract compliance.