AWS Cloud Financial Management

Category: AWS Cloud Financial Management

Understand your AWS bill with the right cost allocation strategy

Effective cost tracking and allocation is crucial to operating in the cloud. With the right strategies and AWS tools, you can access and provide cost and usage data that aligns with your business objectives, helping you manage and optimize your cloud spend with increased understanding and accountability across your AWS bill. Learn about and see cost allocation strategies in action to help you understand your AWS bill.

The benefits of cloud adoption in the life sciences industry

Life sciences organizations are grappling with increased competition and the need to maintain profitability, while navigating a complex regulatory environment. To tackle these challenges, many are migrating to the cloud to accelerate innovation and enhance productivity. The Hackett Group evaluated the business benefits and trends of cloud adoption for life sciences organizations. 

Improve cost visibility of Amazon ECS and AWS Batch with AWS Split Cost Allocation Data

We’re excited to announce that the cost data for Amazon Elastic Container Service (Amazon ECS) tasks and AWS Batch jobs is now available in the AWS Cost and Usage Reports (CUR). With AWS Split Cost Allocation Data, you can easily understand and optimize cost and usage of your containerized applications, and allocate application costs back to individual business entities based on how shared compute and memory resources are consumed by your containerized applications. Learn how to opt into and view your Split Cost Allocation Data.

Everything you need to know about AWS Billing Conductor’s new pricing model

Today, we are excited to update everyone on the new pricing model for AWS Billing Conductor (ABC). The new pricing applies an account-based, volume tiering for all accounts assigned to ABC billing groups. The new pricing is effective starting June 1, 2023. To ensure existing ABC customers have sufficient time to experiment with this new pricing model, ABC will be free of charge to existing ABC users for 2 months (April and May, 2023). For new ABC customers, there will be a free trial of 2 months. The free tier begins when you assign an account to any billing group.

Telenor simplifies data access and control with Row Level Security

In some cases, users can be hindered with access to all available cost data for an organization. With Row Level Security (RLS), you can restrict the data a user can see to a subset of the business most relevant to them. In this blog, we’re going to walk you through how Telenor implemented RLS on its Multi-Payer Cost Dashboards, and how you can, too.

New Cost Explorer users now get Cost Anomaly Detection by default

Starting today, AWS Cost Anomaly Detection will be automatically enabled for all new AWS Cost Explorer customers by default to help save time and increase cost control. This means that if you own a standalone account or management account and enable AWS Cost Explorer, on or after March 27, 2023, you will automatically have a default configuration of AWS Cost Anomaly Detection that monitors your spend by AWS service and emails you a daily summary when a cost anomaly above a certain threshold is detected.

Kickstart your cost optimization efforts with confidence

How can you build a “team” that understands, executes, and optimizes CFM strategies that maximize business value from the cloud? We share ways you can accelerate your stakeholders’ optimization efforts, and establish and encourage cross-team communication to learn from each other, share what’s worked well, and accelerate best practice adoption. 

Talk about cloud with a non-cloud audience

No matter where your company is in its cloud journey, moving to the cloud impacts employees on every level, even if they don’t work with cloud every day. Here are some tips and tricks to help you educate non-technical audiences on cloud costs essentials. Establishing this knowledge throughout your organization can support more informed decision-making and efficient resource allocation, increase understanding of overall cloud benefits, and ultimately drive business success.