AWS Cloud Financial Management
Category: AWS Identity and Access Management (IAM)
Starting your Cloud Financial Management journey: Cloud cost operations
In the final blog of our 4-part Starting your Cloud Financial Management journey series, we’ll look at how CFM fits into the structure of your business via processes, polices, and people that are key in your cloud journey.
Changes to AWS Billing, Cost Management, and Account Consoles Permissions
AWS will be retiring AWS Identity and Access Management (IAM) actions for the Billing, Cost Management, and Account Consoles under the service prefix aws-portal and two actions under purchase order namespace, purchase-orders:ViewPurchaseOrders, and purchase-orders:ModifyPurchaseOrders. We are replacing them with new fine-grained service specific permissions that give you more control. Read this blog and understand how you can perform updates to your permissions so you can maintain intentional access control to Billing, Cost Management, and Account services.
Cost Control Blog Series #2: Automate Cost Control using AWS Service Catalog and AWS Budgets
Customers let us know that they want native, automated spend management capability at the point of self-service resource provisioning. AWS Service Catalog allows you to pre-approve services for your users. With its integration with AWS Budgets, you can create and associate budgets with portfolios and products, and keep your developers informed the resource costs for them to run cost-aware workloads. In this blog post, we will walk you through how you can set up a serverless automated workflow to govern the cost for your AWS Service Catalog portfolio.
Take a sneak peek at AWS re:Invent 2020 Cloud Financial Management Sessions
What do you miss most about re:Invent? For those of you who haven’t been to one yet, re:Invent is a conference hosted by AWS for the global cloud computing community. Each year tens of thousands of customers and partners from around the globe gather in Las Vegas for a week of “jam packed” launch announcement, education, networking, and most importantly fun activities.
Cost Control Blog Series #1: Good intentions don’t work, but cost control mechanisms do!
Gartner estimates a 70% overspend on cloud resources by organizations who do not have a defined plan for cloud cost management. While cloud brings lower Total Cost of Ownership (TCO), an effective billing management and cost control mechanism is required to make sure you only pay for what you need, and it also empowers your […]
Launch: AWS Budgets Actions
Imagine you can put some real teeth to your AWS Budgets. Rather than warning you of a forecasted or actual cost overage, AWS can act on your behalf and stop the activities that caused the overage. We are pleased to announce that this came to a reality with the launch of AWS Budget Actions. Our […]
Cost Allocation Blog Series #3: Enforce and Validate AWS Resource Tags
Tagging is one of the most foundational steps that you need to take in order to establish a meaningful cost allocation model. Customers asked us how you can ensure teams consistently create and apply the resources tags based on the tagging strategy. In this blog, we will share recommendations on how your team, especially your AWS administrators, can enforce and validate your resource tags.
Cost Allocation Blog Series #1: Cost Allocation Basics That You Need to Know
If it’s Everyone’s job, it’s No One’s job. On our team, we take this lesson to heart and always make sure there is a clear owner for everything we do. This helps ensure everyone is responsible for specific tasks or goals, and will not be bystanders, assuming someone else will pick up the work. The […]