Cost Management
Cost Management Overview
Cost management is a financial process used to determine the gaps between the exact cost of any asset and ongoing cost attached with the same asset for its operational working and maintenance. This also includes the TCO calculations and the pricing plans for the subscription based services. Cloud technology is a huge platform where a buyer should know the expense knowledge for any operational cost applicable with the purchasing cost of any service to balance the budget of a business. Customers can utilize and consume the overall services without any loss in financial measurements and can analyze the long-term price for the complete operational value for any resource.
Cloud cost estimation
These tools will help the consumer identify the exact cloud service they are paying for, and consumer has to be specific while choosing the best options available as SaaS, IaaS or PaaS. Consumer in pay-as-you-use service has to give the cost for the exact services consumed by the business and the operational phases, while the Iaas differs with the expansion and contraction of the service. Saas provides a structure for contract-based services to the customers to get the maximum benefits of compound cloud services. Consumer can analyze the cost for the purchased license and the consumed license and look for the scenarios where the consumption of services had been reduced by the organization, which might affect the ROI measurements.
Cloud cost monitoring
CloudAtlas can help you to save the cost for your on-premise application, you can check and monitor cloud resource utilization. CloudAtlas will help you to recommendation for the resource utilization.
Capabilities
Know your resource worth with effective cost management to increase the revenue and track and balance the expenditures for the service utilization in the cloud.
Optimize Cost
CloudSupervisor® will guide you for the workable estimates, costing for rightsizing of virtual environments and cost optimization for the underutilized resources to analyze the exact consumption of services and to optimize the cost for each subscription.
Operational Costing
CloudRecon® will provide the consumer, a base to analyze the best suitable recommendation to use the services and pay for the purchase and operational cost of each service as per the business execution requirements.
Costing for underutilized resource
Visibility for the consumed licenses and the licenses that are free to allocate, to organize the expense management.
Consolidated Billing Summary
This will drill down the services by category and provides a detailed cost information for each service used in your cloud subscription.
These tools will help the consumer identify the exact cloud service they are paying for, and consumer has tobe specific while choosing the best options available as SaaS, IaaS, or PaaS. Consumer in pay-as-you-use service has to give the cost for the exact services consumed by the business and the operational phases, while the Iaas differs with the expansion and contraction of the service. Saas provides a structure for contract-based services to the customers to get the maximum benefits of compound cloud services. Consumer can analyze the cost for the purchased license and the consumed license and look for the scenarios where the consumption of services had been reduced by the organization, which might affect the ROI measurements.