Why Cloud Financial Management with AWS?
The cloud allows you to trade fixed expenses (such as data centers and physical servers) for variable expenses, and only pay for IT as you consume it. And, because of the economies of scale, the variable expenses are much lower than what you would pay to do it yourself. Whether you were born in the cloud, or you are just starting your migration journey to the cloud, AWS has a set of solutions to help you manage and optimize your spend.
During this unprecedented time, many businesses and organizations are facing disruption to their operations, budgets, and revenue. AWS has a set of solutions to help you with cost management and optimization. This includes services, tools, and resources to organize and track cost and usage data, enhance control through consolidated billing and access permission, enable better planning through budgeting and forecasts, and further lower cost with resources and pricing optimizations.
Cloud Financial Management Solution Areas
Featured CFM Sessions
Learn about ways to transform your business with cost transparency, control, forecasting, and optimization.
Improving your AWS cost reporting
Get the single-pane view of your AWS cost and usage data and create data exports and dashboards for deeper analysis
What’s new with AWS cost optimization
Develop a holistic cost optimization strategy and operate cost-effectively while maintaining high performance
Interactive cost reporting with Amazon QuickSight
Turn your AWS Cost and Usage Reports into actionable insights with a few clicks with cost and usage dashboards
AWS Cloud Financial Management Services
Whether you want to organize and track your cost and usage, enhance control through consolidated billing and access permission, enable better planning through budgeting and forecasting, or further lower cost with resources and pricing optimizations, you can leverage our services, tools, and resources to help reduce your AWS bill.
Use Cases | Capabilities | AWS Resources |
---|---|---|
Organize | Construct your cost allocation strategy that aligns with your business logic | AWS Billing Conductor | AWS Cost Allocation Tags | AWS Cost Categories |
Report | Raise awareness and accountability of your cloud spend with the detailed, allocable cost data | AWS Cost Explorer | AWS Cost and Usage Report |
Access | Track billing information across the organization in a consolidated view | AWS Consolidated Billing | AWS Purchase Order Management | AWS Credits |
Control | Establish effective governance mechanisms with the right guardrails in place | AWS Cost Anomaly Detection | AWS Identity and Access Management | AWS Organizations | AWS Control Tower | AWS Service Catalog |
Forecast | Estimate your resource utilization and spend with forecast dashboards that you create | AWS Cost Explorer (Self-Service) | AWS Budgets (Event-Driven) |
Budget | Keep your spend in check with custom budget threshold and auto alert notification | AWS Budgets | AWS Budget Actions | AWS Service Catalog |
Purchase | Leverage free trials and programmatic discounts based on your workload pattern and needs | AWS Free Tier | AWS Reserved Instances | AWS Savings Plans | AWS Spot Instances | Amazon DynamoDB On-demand |
Elasticity | Scale and schedule your services based on your expected utilization pattern and needs | AWS Instance Scheduler | Amazon Redshift pause and resume | EC2 Auto Scaling | AWS Trusted Advisor |
Rightsize | Align your service allocation size to your actual workload demand | AWS Cost Explorer Right Sizing Recommendations | AWS Compute Optimizer | Amazon Redshift resize | Amazon S3 Intelligent Tiering |
Inspect | Stay up-to-date with your resource deployment and cost optimization opportunities |