AWS Cloud Financial Management
Category: Uncategorized
Launch: Daily Cost and Usage Budgets
AWS Budgets allows you to stay informed of your cost and usage based on the custom budget limits. You will receive alerts if your cost and usage exceed or are forecasted to exceed these monthly, quarterly, and/or annual budget thresholds you set yourselves. The best way to leverage AWS Budgets is to set your expected […]
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 #2: AWS-Generated vs. User-Defined Cost Allocation Tag
Tagging, as a great way to define the ownership and usage purpose of your resources in the format of metadata, allows you to quickly manage and filter your resources and trace costs back to the right entities. In this blog post, we will share his advice on how you use the two types of cost allocation tags: AWS-generated and User-defined.
Leveraging the CFM lever to move your business world
“Give me a lever long enough and a fulcrum on which to place it, and I shall move the world” – Archimedes. 451 Research’s recent whitepaper “Cloud Financial Management, Small Changes Can Make Big Impacts” (April 2020) highlights how organizations who are able to embrace the CFM lever correctly are able to accelerate both top […]
Getting Started with AWS Budgets
In the cloud world, cost management is quickly becoming an aspect of everyone’s job. AWS Budgets lets you set custom budgets that alert you when you exceed (or are forecasted to exceed) the thresholds that you set. In this post, we be covering how you can use AWS Budgets to set a custom cost budget […]
Launch: Reservation Expiration Alerts
September 7, 2021: Amazon Elasticsearch Service has been renamed to Amazon OpenSearch Service. See details. Reservations, sometimes referred to as Reserved Instances, allow you to achieve significant savings (sometimes up to 75%) as compared to On-Demand Instance usage costs. The savings is in exchange for committing to a 1- or 3-year term of usage. Reservation […]