Tag: Cost Allocation Tags

If you’re planning to attend the AWS re:Invent 2023 and wondering what Cloud Financial Management sessions and activities you should participate, look no further! In this blog post, we’ll take a sneak peek into these programs. Hope it can help you navigate re:Invent like a true CFM pro and learn and meet with like-minded FinOps professionals.

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.

AWS Cost Categories allows you to categorize your cost and usage information precisely to your organizational structure and cost allocation needs such as teams, cost centers, geography, applications, and more. Learn more!

As we start this cost allocation discussion with a customer they often ask: How do I allocate cloud costs to various company cost centers? Which of my lines of business, teams, or organizations drove increased spend and usage?
How can I make sure end users are accountable for their spend? How do I deal with shared cost resources?

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 […]

Tagging, as a great way to define the ownership and usage purpose of your resources in the format of metadata, allows you to quickly manage and filter your resources and trace costs back to the right entities. In this blog post, we will share his advice on how you use the two types of cost allocation tags: AWS-generated and User-defined.