AWS Cloud Financial Management
Category: Best Practices
New Cloud Financial Management Digital Training Courses
We’re excited to announce the release of AWS Cloud Financial Management digital training courses. These are four 1-hour courses that will get you familiarized with key AWS solutions to solve your daily FinOps needs, and equip you with cost optimization techniques for commonly used AWS services.
How and why you should move to Cost and Usage Report (CUR) 2.0?
We want to show you the benefits of CUR 2.0 and provide steps on how to migrate to CUR 2.0, so you don’t lose out! CUR 2.0 builds upon the Legacy CUR, while offering several key improvements for your cost tracking. Both 2.0 and Legacy allow you to analyze AWS costs in greater detail and accuracy, especially by including Resource IDs and hourly time granularity.
Automating tagging for resources created by AWS Service Catalog
This blog shows how you can automatically propagate account-level tags to AWS resources created by AWS Service Catalog. Service Catalog allows sharing of portfolios across AWS accounts and provides a TagOption library to manage tags on provisioned AWS resources. Resource tagging varies by account, so it is not part of the portfolio product configurations. We designed the solution to reduce the burden on users to a minimum, while also adopting cloud best practices such as infrastructure automation.
Integrate AWS Cost Anomaly Detection Notifications with IT Service Management Workflow – Part 2 ServiceNow
In part one of this blog series, we shared instructions on how you can integrate AWS Cost Anomaly Detection (CAD) notification with Atlassian Jira Service Management (read blog). In part two of the blog series, we will shed light on the integration of CAD with ServiceNow IT Service Management. ServiceNow IT Service Management offers a widely […]
How to gain executive sponsorship to drive FinOps success
Executive sponsors play a pivotal role in ensuring the success and effectiveness of a FinOps practice. In this blog, we outline a framework for your organization to gain executive sponsorship.
Aligning Cloud Costs with the General Ledger for Accurate Financial Analysis
Given cloud invoice timing and the corporate closing calendar, variances between the AWS CUR and the GL are common for many companies. Our recommendation is to document your financial closing process, and educate leadership on any identified variance drivers. Calculating the variance percentage between the finalized AWS CUR and your GL entry to use as a talking point can also enhance understanding of the financial process.
10 Ways to work WITH Developers to take action with FinOps/Cost Optimization
When FinOps Practitioners share recommendations for cost optimization, they can often be met with a “No”, a “I can’t right now”, or “It’s not my priority” from a Developers (Devs). According to the FinOps Foundation’s “State of FinOps 2023” report, the number one pain point was getting engineers to take action. But, I am here to say, “it’s not the Devs fault!” We spoke with customers who have overcome this roadblock and want to share the lessons learned with you! This blog will walk through 10 ways you can work with your engineers to establish a FinOps culture at your organization.
Establish a cloud financial management “flywheel” to continuously improve cost transparency, control, forecasting, and optimization
Read this blog and learn how you can establish effective cloud financial management (CFM) practices to continuously improve cost transparency, control, forecasting, and optimization.
Cost optimization flywheel
Cost transparencies and insights will help drive data-driven and informed decisions. This blog describes a flywheel approach that an enterprise can utilize to optimize their AWS spend and leverage those saving towards driving continuous innovation.
The Keys to AWS Optimization Season 6 highlights
That’s a wrap on Season 6 of the AWS cost Twitch show, ‘The Keys to AWS Optimization”. In case you missed it or are looking to explore a new cost optimization resource, we’re sharing the top 3 episodes of Season 6.