Top 10 Cloud Cost Management Tools For 2021

Avoid orphaned EBS volumes by checking the Delete on Termination checkbox when creating EC2 instances. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Tracking cost anomalies—a task Densify automates—enables you to respond to cost challenges before they reek havoc on your budget. The capacity planning, forecasting, and Runways are worth their weight in gold. NCM has saved us time in IT, and that’s money.Using X-Play is simple.

This research is part of a series of Solution Comparisons that we published to assess tools in various areas of the Gartner cloud management wheel. Read the full research notes if you want to know the results of this comparative assessment. You can also schedule an inquiry call () with myself or my colleague Brian Adler if you want to have private conversations about our research findings.

This is especially true if decision-making is decentralized across an organization, with individuals having little or no accountability for the instances they create and the expenses they incur. As a result, it’s critical for businesses to use a cloud cost management approach to get the most out of their infrastructure while keeping prices low. Zesty provides several layers of cloud optimization in one consolidated solution. Leveraging commitments such as AWS Reserved Instances (RI’s) and savings plans (SP’s) is a great way to optimize cloud compute costs. Furthermore, it is required to continuously monitor and continuously optimize EC2 environments as they scale in order to maximize cloud savings, which is an overhead for engineering teams. Azure offers a good environment to grow, but with growth, costs can increase, and cost management becomes even more complex as startups grow.

How To Choose The Right Tool?

There are many procurement options for cloud compute, including On Demand, Scheduled, Reserved Instances, Savings Plans, and Spot. Cloud cost management by Densify, assists user’s in managing the cloud cost and optimizing the process. Not only is that a cost savings opportunity, it also reduces the amount of time your IT team has to spend managing a vast library of disparate tools.

cloud cost management tools

If you’re a smaller business that only needs a high-level overview of costs, this one should do nicely for you. This platform is very nimble and allows for a lot of different integrations. However, much like the other two, it still doesn’t offer a granular view of costs within your company. They also offer 500 out-of-the-box best practices to get users up and running in no time. This platform provides much more transparency than other platforms. It’s also a better pick for bigger businesses as it supports multi-cloud visibility.

And the longer you put them off, the more your costs will continue to pile up. You can identify and remove unattached volumes in the command line interfaces provided by both AWS and Azure. However, this can be a laborious undertaking if you have a large number of deployments across a multi-cloud environment.

Aws & Microsoft Azure Cloud Management Platform

With the thin provisioning, data compression, and deduplication storage efficiencies, companies can reduce storage footprint and costs on AWS by 70% and more. Do not spend money on undifferentiated heavy lifting – AWS is responsible for data center operations such as racking, powering servers, and stacking. Additionally, AWS offers managed services to help remove the operational burden of managing applications and operating systems. These services free you up from IT infrastructure tasks, helping you focus on customers and business projects.

Anomaly detection, budgeting, and forecasting features enable teams prevent or anticipate cloud spending shocks. The process of applying financial accountability to cloud spend is referred to as “FinOps”, short for Cloud Financial Management. This collaborative approach gives users visibility into the cloud, allowing them to make smarter decisions and have a greater understanding of how every dollar spent in the cloud affects the organization.

cloud cost management tools

Generally, traditional on-premises environments are more costly to implement and maintain, simply because you are 100% responsible for every aspect of it. Hardware, maintenance, upgrades… Unlike with SaaS solutions which can provide some load balancing, you don’t have a vendor who will take on the brunt of that upkeep and work. Here’s a look at each company featured in the Forrester report– sorted alphabetically — plus ChannelE2E’s perspectives. Geared towards IT executives and Cloud Stakeholders, learn the strategy and best practices to build a highly effective Cloud Financial Management Program. Or are you a long-time customer seeking guidance on FinOps best practices? Whether you need strategic advice, practical guidance or deep technical expertise, we ensure success at every step so you get maximum value faster.

When you discover an unused or underused reserved instance, you can use them for a new application, or an existing application running on more expensive on-demand instances. Otherwise, you can sell your RIs in the Reserved Instance Marketplace. Carefully select which workloads to run on reserved instances and which to run on on-demand instances. Use AWS Trusted Advisor to view cost estimates and unused resources.

CloudZero can also help you forecast future costs based on historical usage data to reduce monthly surprises. In the example below, we have a policy that controls instance sizes on non-prod environments to ensure lower costs in these less critical environments. Now we have a mechanism to control costs _before_ those resources are provisioned.

Simplifycloud cost managementacross multiple platforms and work collaboratively with cloud resource owners to report, manage and optimize cloud spend. Identifying opportunities for cloud costs savings is a powerful facet of your cost optimization journey. Automated actions paired with budget controls and cost policies help your organization avoid surprises and eliminate waste. Powerful functionality enables cloud governance teams to work collaboratively with business units and cloud resource owners to report, manage and optimize cloud spend.

Oneview Cloud Expense Management

The tool also supports reselling for companies that add their own layers to commodity cloud instances. A white label option makes it possible to pass through all the reporting and charts to help your customers understand their billing. There’s also a focus on supporting the public clouds used by governments. The tool also lets you manage billing data from Azure and AWS if you use both in combination.

Unitrends virtual appliance protects your data that lives in a public cloud like AWS and Azure. In addition, Unitrends offers its own purpose-built cloud service, the Unitrends Cloud. It’s a big waste for businesses to be billed 100% of an instance when they have hardly used it. Identify such instances and consolidate utilization onto fewer instances. Businesses can use autoscaling, load balancing and other on-demand capabilities to scale their computing power at any given time. Organizations can use rightsizing tactics like spot instances, reserve instances, saving plans, to implement better cloud optimization.

During your annual audits, look for unused licenses and monitor the usage of your cloud services. Different teams will have varying priorities when using cloud services, but every team has to be aware of their stake in your business’s cloud financial management strategy. It might help to send financial updates and budget progress notifications around the business to keep everyone informed and on the same page.

  • Unlock all the possibilities to improve engineering efficiency and optimize every resource to gain maximum ROI.
  • Discover all the opportunities to optimize resources without compromising with performance.
  • You can order new infrastructure at the click of a button, slashing weeks or months off the time it takes to get new IT projects off the ground.
  • Costs are tracked as Kubernetes adjusts to handle loads and are presented in a unified set of reports.
  • Join Kubernetes costs with any external cloud services or infrastructure spend to have a complete picture.

While the platform provides on-premises resource optimization through vRealize, the two products have separate identity management, data models, and UIs. Enable your cloud governance teams to manage and control hybrid cloud use to automate governance of costs, operations, security and compliance. If you pick out the wrong tool for the job, you might as well just not have gotten a cloud optimization platform in the first place. Users will be surprised at the lack of a learning curve with this software. This allows teams to come in and start optimizing their cloud usage right away. In the aws-global/limit-cost-by-workspace-type policy defined for this workspace I’ve applied monthly spending limits and an enforcement level.

Cost Accuracy

Azure users can also set notifications alerting them whenever they exhaust allocated resources. Customers may use Densify to manage VMware, cloud, and container infrastructure while maintaining performance. Through machine-learning recommendations and automation, this solution allows you to take control of cost and performance. With insightful guidance, risk assessment, and extensive reporting tools, Densify can help you save money.

The cloud has enabled smooth business operations by providing flexibility and scalability in running applications as compared to traditional processes. However, accurately scoping these instances is paramount to controlling costs. Reserved instances enable commitment from organizations to cloud resources for a long period . The more the organization is prepared to pre-pay at the beginning of the period, the greater the discount. Reserved instances work well for steady-state loads for core systems with a long-term run. However, do not fall into the trap of using reserved instances for peak loads since it will lead to wastage of cloud resources.

cloud cost management tools

CloudCheckr has a lot of features to help you manage your reservation portfolio. The platform offers practical suggestions for adjusting existing bookings to maximize coverage and reduce waste. A utilization heatmap and visualization panel are also included in the toolbox, which may be used to determine usage patterns and organize planned shutdowns. CloudCheckr is a suitable solution for firms using the cloud in high-risk industries that want to keep the number of management tools short due to the link between cost efficiency and security. CloudCheckr has as many of the financial tracking metrics as any of the other cloud cost optimization tools.

They have an option to first pass the optimization recommendation to be approved in one of these external systems and then pass an approval flag in as a variable to ensure that it is an approved change. File Workflow — Create a mechanism where optimization recommendations are imported into a local repository via a scheduled process . Bring your cloud accounts with access to bare metal instances and create your hybrid multicloud in less than one hour. “Cost Governance has paid for itself by providing the insight we need to control costs…saving thousands of dollars per month.” Run apps and workloads on a single platform with unparalleled availability, performance, and simplicity. Effortlessly move apps and data between public, private, and edge clouds for a true hybrid multicloud experience.

Measuring Success With Cloud Cost Optimization Tools

The above-mentioned tool will assist users in better management of cloud bills. However, which tool is better for your business will completely depend on the nature of the business one is using. If your organization’s overall cloud spend is a major concern, you may consider a chargeback model where you’d bill the cost of software to your internal teams who use those cloud services. That means the budget for that tool comes out of that particular business unit or department and they have to account for it in their quarterly or annual spend. CloudHealth helps Azure users lower cloud bills through automation. You can create custom rules which automate how you use your cloud spend.

Corz Cloud

Users can find it easy to use because of its Intuitive user interface. Users have to pay $199 per month which will include Unlimited clusters monitored, 30-day metric retention, Saved reports, Team updates & notifications. Save resources by automatically turning off the resources that are not in use. For many of the entrepreneurs, the heavy costs disrupt the planning.

Peyton Casper, a HashiCorp senior solutions engineer has built a simple open source tool that can give you that higher level, cross-workspace view. The tool is called Tint and you can visit this blog post and its GitHub repository to learn how to use it. As you can see, engineering has a higher level of responsibility in today’s infrastructure operations, Cloud Cost Management and the Frequency and Workflow columns will likely denote significant changes for many organizations. I’ve built a RASCI model that can be used as a baseline of expectations for this team. This is a model I have used, along with similar models, to define the roles and responsibilities of the Cloud Center of Excellence for many organizations.

Build A Culture Of Cost Awareness

I have had this conversation with many organizations that have done optimization exercises only to have their costs shoot back up because they didn’t put preventative controls in place from the start. Using cloud cost optimization, you reduce the overall cost of your cloud computing services by finding mismanaged resources, reducing waste, reserving capacity for higher discounts, and right-sizing them. Can immediately reduce your bill if you choose to purchase them without any upfront payment. More advanced cost optimization tools provide support for discount mechanisms, such as Reserved Instances. For example, they can offer exchange suggestions for those Reserved Instances with built-in flexibility. This ensures reservations are better aligned to the resource consumption patterns of your applications.

Technical teams will be able to manage cloud costs by application, microservices, cluster, etc. Cloud cost management by Flexera assists users in managing cloud costs across multiple platforms. NOps is ideal for businesses looking for more versatile ways of operating in the cloud.

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