Cloud cost management to optimize AWS spend
Allocate AWS budgets, utilize tags, and create business units for cloud costs to track your AWS cost management journey. Bridge the gap between your engineering and finance teams with our advanced AWS billing and cost management tool.
AWS Billing and Cost Management
AWS cost optimization is made easy with our automated bill processing that extracts relevant cost categories -- data transfer type, region, operation type, usage type, availability zone-- to provide a deep visibility into your AWS costs. This helps you obtain a transparent cloud cost visibility to understand your AWS billing and cost management better.
AWS cost management
Understand when and where you're accruing costs, to begin with, the cloud cost optimization journey. Identify the top three cost accruing services; analyze the monthly, yearly, or month-to-date spending; view cost distribution by region, instance-type, component, data transfer, and more.
Cloud cost visibility
Perform ad-hoc analysis using various filtering and grouping dimensions. Break down spending by linked accounts while setting up your own dates or choosing from a predefined date range to segment data by time. Alternatively, you can use AWS-generated and user-defined tags to isolate and analyze subsets of your cloud costs.
Drive cost accountability
With Site24x7 CloudSpend, both account holders and AWS Managed Service Partners (MSPs) can leverage native tags to allocate spending to one or more business units. You can track costs for different teams, projects, and customers using our AWS cost management tool. For example, you can account for the AWS services consumed during the testing, development, and production of a new app.
AWS budget and forecasts
Simplified budget creation workflows remove surprises and let you stay on top of your infrastructure expenses with ease. Our cloud cost management tool enables you to set up budgets and forecasts for your AWS cost optimization journey. Hence, the cloud expense management tool empowers you to predict your cloud spend and stay on budget.
Organize cloud cost
Grouping the cloud cost facilitates granular cloud cost management. Tag Profiles lets you organize the cloud costs by creating customized labels against each cost delta in your AWS spent. Say, for an AWS application, one set of tags could represent the components of that application (i.e. front end, back end), and another set could represent common costs across application platforms. (i.e. development, testing).
Optimize AWS cost and get the most out of your cloud investment
Cloud spend management is just one part of driving operational excellence. To run your business smoothly, you need comprehensive insight into your environment — from the front end to the infrastructure layer. Combine our existing AWS monitoring capabilities with our AWS cloud spend management tool to gain better cloud visibility, and control how you use AWS services.
Overview of cloud cost management
What is cloud cost management?
Cloud cost management lets you analyze, control, and track your spending on your cloud services. Improper tagging and account governance—that includes orphaned, overprovisioned, underutilized, or idle resources—increase your cloud costs. If left unchecked, your cloud costs can spiral out of control. A cloud cost management tool helps cloud customers obtain actionable insights into their consumption patterns, enabling them to focus on reducing their per-unit cost of consumption.
Why do you need cloud cost visibility?
When global teams are spread across different verticals, like an organization's engineering and finance business groups, it is essential to have a uniform cloud language to make cloud usage predictions and develop cloud strategies. Plus, the AWS Cost and Usage Reports (CUR) could be hard to decipher due to the sheer mass of data in the report.
Cloud cost visibility is essential for understanding who is spending what and where. Enforcing a uniform cloud language using cloud cost visibility enables key stakeholders to make data-driven decisions on the cloud footprint.
What is FinOps? Why FinOps for cloud financial management?
Cloud adoption has shifted tech spending from a fixed Capital Expenditure (CapEx) to a fluid Operational Expenditure (OpEx) since teams can launch on-demand instances with a single click. Controlling cloud costs is mandatory as cloud spending is variable.
FinOps, or financial operations, is an approach that emphasizes managing the OpEx in the cloud and provides strategies to plan, budget, and predict the expenditure requirements for cloud usage. Cloud financial management (CFM) focuses on continuous optimization to align cloud investments with strategic business innovations. FinOps provides various strategies to embrace in your CFM journey.
Why is CloudSpend the best cloud cost management tool?
Site24x7 CloudSpend helps you operate efficiently in the cloud and cut down on unnecessary accrued costs. Business units (BU) in CloudSpend helps account holders achieve cost accountability within global teams. By creating cloud cost centers in a BU, you can evaluate high-level spend views of individual teams, and utilize visualizations to drill down to obtain a detailed analysis. You can also enable organizational planning to achieve the most value out of every dollar spent that you can confirm by tracking your cost for each account, service, region, or data transfer.
Cloud cost visibility can be achieved by:
- Spend analysis
- Cost reporting
- FinOps diagnostics
- Business Teams
Key features of CloudSpend - Your ideal AWS cloud cost management tools
CloudSpend is your personal AWS spend management tool that provides a plethora of features like:
- Spend analysis
- Cost trend monitoring
- Tagging strategies
- Resource-level spend view
- Cost dashboards
- Business units
- Scheduled cost reports
These features can be viewed on a daily, monthly, quarterly, or yearly basis across categories like Account, Service, Region, Data Transfer, User Tags, and other custom entities. Additionally, you can set budgets for month-to-date and year-to-date durations, commonly referenced as MTD and YTD, to obtain granular control into your spending.