AWS Cloud Financial Management

Category: AWS Identity and Access Management (IAM)

Changes to AWS Billing, Cost Management, and Account Consoles Permissions

AWS will be retiring AWS Identity and Access Management (IAM) actions for the Billing, Cost Management, and Account Consoles under the service prefix aws-portal and two actions under purchase order namespace, purchase-orders:ViewPurchaseOrders, and purchase-orders:ModifyPurchaseOrders. We are replacing them with new fine-grained service specific permissions that give you more control. Read this blog and understand how you can perform updates to your permissions so you can maintain intentional access control to Billing, Cost Management, and Account services.

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.

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.

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 […]

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 […]

Enforce and Validate AWS Resource Tags

Cost Allocation Blog Series #3: Enforce and Validate AWS Resource Tags

Tagging is one of the most foundational steps that you need to take in order to establish a meaningful cost allocation model. Customers asked us how you can ensure teams consistently create and apply the resources tags based on the tagging strategy. In this blog, we will share recommendations on how your team, especially your AWS administrators, can enforce and validate your resource tags.

Cost Allocation Blog Series #1: Cost Allocation Basics That You Need to Know

If it’s Everyone’s job, it’s No One’s job. On our team, we take this lesson to heart and always make sure there is a clear owner for everything we do.  This helps ensure everyone is responsible for specific tasks or goals, and will not be bystanders, assuming someone else will pick up the work. The […]