Tag: Cloud Financial Management

Take a look at what AWS Cloud Financial Management team delivered in Q1, such as AWS Billing Conductor, Carbon Footprint Tool, Auto-adjusting budgets, etc. and see how these new capabilities can help solve your immediate and long-term financial needs.

Starting today, you can access AWS Billing Conductor (hereinafter referred to as “ABC”), a new service that enables AWS customers and reseller partners to customize billing data and reporting in a way that aligns with your unique business logic.

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. Here are our answers to the top 3 customer questions and the top 3 key takeaways to help you start transforming your business by managing and optimizing your spend.

As we start this cost allocation discussion with a customer they often ask: How do I allocate cloud costs to various company cost centers? Which of my lines of business, teams, or organizations drove increased spend and usage?
How can I make sure end users are accountable for their spend? How do I deal with shared cost resources?

Voiced by Amazon Polly As your business grows on AWS, so too does the need for cost and usage visibility and custom cost reporting tailored for your organization. Good Cloud Financial Management (CFM) targets for your AWS usage can include (but are not limited to) Reserved Instance and Savings Plans coverage, average hourly cost of […]

Each year, we share a preview of what Cloud Financial Management (CFM) themed sessions you can look for at AWS re:Invent, so you can pre-register and reserve your seats at the sessions you find interesting. This year marks the 10th anniversary of AWS re:Invent and we’re excited to celebrate with our customers back in Las […]

Voiced by Amazon Polly One of the biggest benefits of the cloud is the ability to scale dynamically and reduce costs by paying for only what you use, when you need it. However, when development teams aren’t prepared for this newfound flexibility, cost shock and unexpected cost spikes can occur. If you are new to […]

In this blog, we will share the benefits to upgrade your Amazon OpenSearch Service instances to the latest generations, how you can identify the instances of older generations and configure your Amazon OpenSearch Service domain changes to upgrade the instance types, and how you can receive recommendations and purchase your Amazon OpenSearch Service Reserved Instances.

One of the reasons Cloud Financial Management exists is to manage the changes to the process of procuring and consuming IT resources and the impact those changes have to accounting.  If you keep this perspective in mind, I think the job gets easier.

Voiced by Amazon Polly   After the blog series on Unit Metrics, the call was put out for future topics.  There were some excellent suggestions received from the community.  Three in particular struck a chord: Building strong links between technology and other business teams Projecting AWS cost.  The role of traditional FP&A in the FinOps […]