AWS Cost Management

Echoing Andy’s AWS re:Invent 2020 Keynote for Technology Financial Management Success

Andy Jassy shared 8 core reinvention guidelines in his 2020 AWS re:Invent keynote. These guidelines are key to keep organizations stay successful and translate well into IT Financial Management. Learn from his speech and our recently published “AWS Cloud Financial Management Guide” about how you can establish effective technology financial management in order to fully realize the value of your investment.

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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.

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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.

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Launch: Savings Plans Expiration and Queued Alerts now available in AWS Cost Management

“The faintest ink is better than the best memory”, as the idiom goes. This is so true in my life.  My credit scores and the longevity of my relationships rely heavily on these reminders for payments, anniversaries, and meetings. Our Cloud Financial Management solution team is constantly looking for ways to give you peace of […]

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Launch: AWS Marketplace Vendor Metered Tagging

Customers want to view all AWS related costs via one single pane of glass, whether it be AWS service charges, or third party tools and software licenses purchased through AWS Marketplace. Read this blog “Monitoring your AWS Marketplace Costs and Usage” to learn how you can use AWS Cost Management tools to monitor your software […]

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Adapting procurement to payment (P2P) with AWS Purchase Order Management

Procurement and Account Payable (AP) teams are critical players in the IT Financial Management process.  They ensure the accurate and punctual purchase and payment of technology resources that organizations need. From the “traditional technology consumption” era, when organizations had a more structured approval and procurement cycle to acquire and stand up physical infrastructures, to the […]

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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 […]

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AWS Well-Architected Cost Optimization Labs Updated

AWS’s breadth of resource options and purchase models allow you to design your infrastructure in a most cost-efficient way possible.  You can start by identifying idle and underutilized resources with services such as AWS Cost Explorer Recommendations, matching your resource capacity with business demand using services such as Instance Scheduler, and taking advantage of discounted […]

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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 […]

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Cost Allocation Blog Series #5: Building an AWS cost allocation strategy with Apptio Cloudability

As you establish and implement your cost allocation model, AWS equips you with tools and resources to organize accounts and resources (e.g. AWS Organizations), improve visibility into detailed cost and usage data (e.g. AWS Cost and Usage Reports), and group cost and usage information into meaningful groups by your own rule (e.g. AWS Cost Categories).  For customers who want to understand what premium 3rd party solutions are available to help you better organize and report your cost in preparation for chargeback or showback in your organizations, AWS Partner Network has verified partners that can offer cloud management solutions to help customers manage and optimize AWS environments.   In this blog post, we will share how you can leverage Apptio Cloudability to build your cost allocation strategy.

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