Category: Announcements

AWS Cloud Financial Management Technical Implementation Playbooks (CFM TIPs) – The complete playbook for implementing and improving effective Cloud Financial Management capabilities in your organization. Utilizing the Cloud Financial Management framework and the Cost Optimization pillar in the AWS Well-Architected Framework, we have built an accessible step-by-step playbook to help you to implement a specific set of capabilities in your organization. This results in mechanisms that ensure ongoing, self-sufficient cost optimization and governance.

If you’re scratching your head and trying to catch up with all the re:Invent launch announcements from the AWS Cloud Financial Management team, let me walk you through how your FinOps experience may be improved for better with the latest capabilities that were just released last week at AWS re:Invent 2023. I’ve also included recordings of these launch announcements, so you can watch these at your own pace.

We have extended the history and improved the granularity of data available in AWS Cost Explorer. Cost Explorer by default now supports 14 months of cost and usage data at daily granularity. In addition, customers have the option to enable up to 38 months of history at a monthly granularity, and they have the option to enable 14 days of resource level data for any AWS service at daily granularity. Each of these features is offered for free.

Today, AWS launched a unified Billing and Cost Management console to help you manage your AWS cloud finances more easily and efficiently. The unified console includes a new home page with insights and recommendations to help you make faster, better-informed decisions, more intuitive navigation to streamline your workflows, and improved resources to help you learn and implement Cloud Financial Management best practices. This post explains how you can use the unified Billing and Cost Management console to manage your AWS cloud finances and answers frequently asked questions.

Today, we announced the general availability of Data Exports, a new AWS Billing and Cost Management feature that enables you to create exports of your billing and cost management data using SQL column selections and row filters. As part of AWS Data Exports, you can now also deploy a Cost and Usage Dashboard powered by Amazon QuickSight directly from the AWS Billing and Cost Management console. The Cost and Usage Dashboard uses a summary view of the AWS Cost and Usage Report 2.0 (CUR 2.0) and provides pre-built visuals to facilitate interactive analysis and sharing of cost insights with a broader stakeholder group who may not have access to AWS console.

Today, we announced the general availability of Data Exports, a new Billing and Cost Management feature that enables you to create exports of your billing and cost management data using SQL column selections and row filters to select the data you want to receive. Exports are delivered on a recurring basis to an Amazon S3 bucket for use with business intelligence or data analytics solutions.

Rightsizing recommendation preferences allows you to adjust both CPU headroom and thresholds, configure a new 32-day lookback period option, and set instance family preferences at the organization, account, or regional level. With this feature, Compute Optimizer provides greater transparency on how the recommendations are generated and the ability for you to configure EC2 rightsizing recommendations for higher savings and performance sensitivity, aligning recommendations with your business needs. Let’s explore what you can achieve through this new feature.

Thanks to our product and engineering teams’ tireless efforts in building new capabilities for AWS Cloud Financial Management portfolio, I get to talk about these amazing features. Let’s take a look at what we’ve made available for you in the last quarter.

Customers have always been interested in understanding their cloud costs, and in today’s economic times, cost efficiency is a top priority for most organizations. The demand for cost management competency has resulted in the growth of FinOps teams across every major industry segment. AWS provides AWS Cloud Financial Management (CFM) Services, a set of industry-leading solutions […]

To provide the ability for end users of our resellers and large organizations to understand and analyze cost at their negotiated rates, we enabled proforma cost support in Cost Explorer.