Increase cloud efficiency by understanding the essential equation that drives cloud cost
UNDERSTAND CLOUD TCO
There are many different factors that drive the total cost of ownership (TCO) of your cloud. It’s critical to analyze and optimize each: speed, agility, flexibility, resource availability, risk management, etc. By optimizing cost, you lay the groundwork for a successful cloud deployment that will accelerate your business, not inhibit it.
ANALYZE SPEND BY DEPARTMENT, TEAM, APPLICATION, OR BUSINESS GROUP
Know which departments, teams, owners, or applications are driving cloud spend. Hold them accountable using dashboards and reports. CloudHealth enables you to break down cloud costs, allocate to business groups across the organization, validate the charges, and then forecast monthly spend.
Fig. 1 | CloudHealth Cost History Report
ALLOCATE AND AMORTIZE COSTS, DRIVE STAKEHOLDER ACCOUNTABILITY
CloudHealth makes it easy to allocate cloud costs by the business groupings that make sense for your organization, via Perspectives. This includes assets, services, and service items across AWS, Azure, Google Cloud, and the data center.
CloudHealth’s enhanced amortization reports also let you account for Reserved Instance amortization by either the purchasing account or the account that receives the benefit.
Bottom line: you want to see your cloud costs accurately allocated and amortized across your organization, in order to meet business reporting requirements. CloudHealth meets the needs of even the most complex environment.
MENTOR GRAPHICS MANAGES SPEND AND ALLOCATES COST WITH CLOUDHEALTH
With always on support, being able to audit spend and break down every paid-for service has made a considerable impact on cost management at Mentor Graphics. Product marketing easily breaks down spend and trending—enabling the company to see how it’s benefiting from cloud spend on a project by project basis.
MAXIMIZE RETURN ON YOUR AWS RESERVED INSTANCES INVESTMENT
Fully leveraging Amazon Reserved Instances (RIs) can yield up to 60% savings on compute costs. However, purchasing and managing RIs can generate many questions and significant administrative overhead.
CloudHealth takes the guesswork out of RI management and simplifies the process to help you maximize the return on your investment.
CloudHealth gives you everything you need to manage the full life cycle of RIs -- from analysis, RI optimization, modifications, purchases, to automated policies for ongoing management. This holistic approach simplifies even the most complex environments.
Fig. 6 | CloudHealth daily instance usage history report
ACHIEVE FINANCIAL GOVERNANCE WITH BUDGETS, CHARGE BACK, AND COST ALLOCATION
As your cloud environment grows, you need an easy, effective way to centralize financial governance and implement best practices.
With CloudHealth you can define cloud operating budgets by business Perspectives, notify key stakeholders when they are at risk of exceeding their budgets, and charge back or allocate costs to business groups.