AWS Cloud Financial Management

ICYMI: Managing cloud costs, supercharging your financial performance, and getting started with CFM

The AWS Cloud gives you the ability to increase speed, agility, and innovation, all while scaling costs based on only what you need. Yet, with this increased speed, you’ll need to adopt agile and dynamic planning techniques to match your agile and dynamic usage. The question is: do you know how to accurately plan and evaluate for your cloud costs to meet business objectives without unnecessary expense? And… without sacrificing your ability to innovate and scale? These are good questions—ones that we hear frequently from our customers. To help answer them, we’re sharing this month’s top 3 AWS resources related to planning and evaluating your IT spend.

Top 3 cloud cost planning and evaluation resources on AWS

[AWS Cloud Enterprise Strategy Blog]

1. Strategy for efficient cloud cost management

One of the most common questions customers ask is how they can effectively manage their cloud costs. As a former CIO, AWS Enterprise Strategist and Evangelist Tom Godden says that effective management of cloud costs is more about the mechanisms you use to manage these costs on a regular basis rather than any one-time event. He shares six ways you can build capability and processes to help manage your cloud costs.

🚀 Explore the six ways to manage your cloud costs

[AWS Cloud Economics: The Hackett Group whitepaper]

2. Supercharge financial performance with Amazon Web Services

A recent study analysis conducted by The Hackett Group showed that organizations with workloads on AWS achieved an annualized average of 4.2X better financial performance than comparable organizations. The analysis further showed the number of workloads migrated to the cloud and the amount of time on the cloud have a strong relationship with financial performance.

🔎 Dive into the study analysis

[AWS Cloud Financial Management Blog]

3. Top 3 things to know about getting started with Cloud Financial Management

Do you want to transform your business with cost transparency, control, forecasting, and optimization, but don’t know where to start? You’re not alone. Our AWS experts share their advice related to the top three most frequently asked customer questions: where should they begin the CFM journey, what are the core elements of CFM success, and which tools can help implement them.

💡 Check it out and get started

What’s next?

For more information about AWS services and resources that can help you understand and evaluate your IT spending in concert with your business priorities, visit our CFM solutions page.

Gena Chung

Gena Chung

Gena is a Digital Campaigns Manager for AWS Billing and Cost Management services. She focuses on helping customers understand and adopt cloud financial management solutions to harness the value of the AWS cloud, and transform their business through cost transparency, control, forecasting, and optimization.