AWS Cloud Financial Management

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Improving your FinOps practice with real-time Slack notifications of AWS CFM announcements

AWS publishes more than 200 announcements per month to the “What’s New with AWS” website and RSS feed, so there’s a lot to get excited about. However, finding relevant announcements in these updates can be a challenge for engineers, finance professionals, or FinOps stakeholders. In this blog, we will deploy a solution to collect cost optimization related announcements from the “What’s New with AWS” feed and pass them into a dedicated Slack channel.

Improve cost visibility of Amazon EKS with AWS Split Cost Allocation Data

We’re excited to announce granular cost visibility for Amazon Elastic Kubernetes Service (Amazon EKS) in the AWS Cost and Usage Reports (CUR), enabling you to analyze, optimize, and chargeback cost and usage for your Kubernetes applications. With AWS Split Cost Allocation Data for Amazon EKS, customers can now allocate application costs to individual business units […]

Managing Costs with Cloud Financial Management Technical Implementation Playbooks (CFM TIPs) for AWS

AWS Cloud Financial Management Technical Implementation Playbooks (CFM TIPs) – The complete playbook for implementing and improving effective Cloud Financial Management capabilities in your organization. Utilizing the Cloud Financial Management framework and the Cost Optimization pillar in the AWS Well-Architected Framework, we have built an accessible step-by-step playbook to help you to implement a specific set of capabilities in your organization. This results in mechanisms that ensure ongoing, self-sufficient cost optimization and governance.

Aligning Cloud Costs with the General Ledger for Accurate Financial Analysis

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.

Optimize costs by automating AWS Compute Optimizer recommendations

Optimize costs by automating AWS Compute Optimizer recommendations

AWS Compute Optimizer is a powerful tool that offers recommendations to optimize your Amazon EC2 instances, helping you identify suitable instance types, reduce underutilized resources, and enhance performance. In this blog post, we will explore AWS Compute Optimizer and demonstrate how to automatically apply its recommendations, resulting in significant cost savings and improved resource efficiency.

10 ways to work with Devs

10 Ways to work WITH Developers to take action with FinOps/Cost Optimization

When FinOps Practitioners share recommendations for cost optimization, they can often be met with a “No”, a “I can’t right now”, or “It’s not my priority” from a Developers (Devs). According to the FinOps Foundation’s “State of FinOps 2023” report, the number one pain point was getting engineers to take action. But, I am here to say, “it’s not the Devs fault!” We spoke with customers who have overcome this roadblock and want to share the lessons learned with you! This blog will walk through 10 ways you can work with your engineers to establish a FinOps culture at your organization.

Recap of 2023 reinvent CFM launches

Recap of AWS re:Invent 2023 Cloud Financial Management Product Launch Announcements

If you’re scratching your head and trying to catch up with all the re:Invent launch announcements from the AWS Cloud Financial Management team, let me walk you through how your FinOps experience may be improved for better with the latest capabilities that were just released last week at AWS re:Invent 2023. I’ve also included recordings of these launch announcements, so you can watch these at your own pace.

Cost Explorer now supports extended history and granular resource level data

Extended history and more granular data available within AWS Cost Explorer

We have extended the history and improved the granularity of data available in AWS Cost Explorer. Cost Explorer by default now supports 14 months of cost and usage data at daily granularity. In addition, customers have the option to enable up to 38 months of history at a monthly granularity, and they have the option to enable 14 days of resource level data for any AWS service at daily granularity. Each of these features is offered for free.

unified billing and cost management console

Managing your cloud finances with the unified Billing and Cost Management Console

Today, AWS launched a unified Billing and Cost Management console to help you manage your AWS cloud finances more easily and efficiently. The unified console includes a new home page with insights and recommendations to help you make faster, better-informed decisions, more intuitive navigation to streamline your workflows, and improved resources to help you learn and implement Cloud Financial Management best practices. This post explains how you can use the unified Billing and Cost Management console to manage your AWS cloud finances and answers frequently asked questions.