Category: AWS Cloud Financial Management

How can you build a “team” that understands, executes, and optimizes CFM strategies that maximize business value from the cloud? We share ways you can accelerate your stakeholders’ optimization efforts, and establish and encourage cross-team communication to learn from each other, share what’s worked well, and accelerate best practice adoption. 

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.

The Hackett Group conducted a global Industry Cloud Study of 600 organizations across multiple industries, with a primary focus on the manufacturing industry. The study assessed how migrating to the cloud improved operations and business results, and identified four key areas of business value realization.

To ensure the most up-to-date pricing estimate experience available in one place, AWS is ending support for the Simple Monthly Calculator (SMC) beginning March 31, 2023 at 11:59PM Pacific Time, and recommend you take advantage of the AWS Pricing Calculator. To assist with the transition, a conversion feature will be available until December 31, 2023 11:59 PM PST.

This month, we’ve curated AWS resources to help you better implement cost planning, get quicker estimates for your EC2 instances, deploy a unit metrics dashboard, and learn from both our research and customers about the benefits of establishing and maturing your CFM programs.

Monitoring your service costs and usage while scaling on AWS is often cited as a top customer concern. Learn how AWS Budgets can help make sure you don’t exceed your desired usage thresholds and overall budget, and keep your spend and usage in check.

In this post, we’ll show you what tools you can use, and how you can use them to define, implement, and enforce a tagging strategy that improves your organization’s cost awareness using AWS Cost Explorer, AWS Organizations, AWS Tag Editor, and AWS Config.

AWS has launched two new features for creating AWS Cost Categories rules. It has added a new dimension -“Region” to its category rule, and a new dimension operator “OR” to define cost categories rules across dimensions. You can now create cost categories rules with six types of dimensions – “Linked Account”, “Charge Type”, “Service “, […]

When starting your CFM practice, it’s easy to feel overwhelmed, or like you’re already behind the curve. You’re not alone.  To help, we’ve answered the top 4 questions we hear from customers when they’re first getting started so you can kickstart your Cloud Financial Management journey with confidence. Is there a particular order that you […]

To operationalize your CFM strategy, you need to identify what tools are available to help you allocate, visualize, and control your AWS cost and usage. In this blog, we’ll share our latest CFM Talk session, where we walk you through an example optimization (using AWS Graviton) to shed light on the framework for how you should think about each CFM pillar and layer tooling into your strategy.