AWS Cost Management

Category: AWS Budgets

Update: Amazon ECS Product Name Change in the AWS Billing and Cost Management

Voiced by Amazon Polly   If you are currently using Amazon ECS and have set up your cost reporting with specific service filters to track your Amazon ECS cost and usage, please read this blog post. February 16, 2021, the product name of Amazon Elastic Container Service (Amazon ECS) was changed from “EC2 Container Service” to […]

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Unit Metric – The Touchstone of your IT Planning and Evaluation

Voiced by Amazon Polly   Throughout your IT planning and evaluation cycle, you will have questions about how much you should budget for your IT projects and how well your IT investments perform and contribute to your businesses.  AWS provides you with tools and resources, such as AWS Pricing Calculator, AWS Budgets, AWS Cost Explorer, […]

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We want to hear from you!

This year, as the world is still coping with the post-vaccine new normal, cloud cost efficiency and optimization will remain at the top of the agenda. As we are improving our product capabilities, your user experience is at the center of everything we build. We invite you to share your feedback with us, come meet your peers, and share your success stories.

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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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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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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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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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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 […]

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Cloud Financial Management services available in China

Launch: Cloud Financial Management services available in China

We are pleased to announce the AWS Cost Management suite of products is now available in AWS China (Ningxia) Region, operated by NWCD, and in AWS China (Beijing) Region, operated by Sinnet.  The services and features include AWS Cost Explorer, AWS Budgets, AWS Cost and Usage Report (CUR), Reserved Instances Recommendation and Reporting, and EC2 […]

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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 […]

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