AWS Cloud Financial Management
Author: Jeff Duresky
Jeff Duresky is a Sr. Commercial Architect on the AWS OPTICS team. As a commercial architect, he enables customers to organize and interpret billing and usage data, identify actionable insights from that data, and develop sustainable strategies to embed cost into their culture. Prior to joining AWS, he held multiple business analyst and finance roles, including leading the Cloud Finance team at Capital One. Jeff has a BS in IT Supply Chain and a Master’s in Business Administration.
Aligning Cloud Costs with the General Ledger for Accurate Financial Analysis
Given cloud invoice timing and the corporate closing calendar, variances between the AWS CUR and the GL are common for many companies. Our recommendation is to document your financial closing process, and educate leadership on any identified variance drivers. Calculating the variance percentage between the finalized AWS CUR and your GL entry to use as a talking point can also enhance understanding of the financial process.
Talk about cloud with a non-cloud audience
No matter where your company is in its cloud journey, moving to the cloud impacts employees on every level, even if they don’t work with cloud every day. Here are some tips and tricks to help you educate non-technical audiences on cloud costs essentials. Establishing this knowledge throughout your organization can support more informed decision-making and efficient resource allocation, increase understanding of overall cloud benefits, and ultimately drive business success.
How to establish and drive a forecasting culture
In this blog, we’ll explore how you can establish a cost forecasting culture to facilitate more productive conversations, a sense of ownership among all parties, and ultimately increase overall cloud business value.