AWS Cloud Financial Management
Category: Management Tools
How Infor saved $2 million with effective CFM strategies
As many organizations are looking to achieve financial success through effective Cloud Financial Management (CFM) strategies, Infor, the global leading software provider, has been experimenting with different practices, from cost reporting to optimization. In this blog post, we will share their success and learning that helped achieve over $2 million in savings through automation and modernization initiatives.
Automating tagging for resources created by AWS Service Catalog
This blog shows how you can automatically propagate account-level tags to AWS resources created by AWS Service Catalog. Service Catalog allows sharing of portfolios across AWS accounts and provides a TagOption library to manage tags on provisioned AWS resources. Resource tagging varies by account, so it is not part of the portfolio product configurations. We designed the solution to reduce the burden on users to a minimum, while also adopting cloud best practices such as infrastructure automation.
Integrate AWS Cost Anomaly Detection Notifications with IT Service Management Workflow – Part 2 ServiceNow
In part one of this blog series, we shared instructions on how you can integrate AWS Cost Anomaly Detection (CAD) notification with Atlassian Jira Service Management (read blog). In part two of the blog series, we will shed light on the integration of CAD with ServiceNow IT Service Management. ServiceNow IT Service Management offers a widely […]
New – Rightsizing Recommendations for Amazon RDS MySQL and RDS PostgreSQL in AWS Compute Optimizer
Starting today, AWS Compute Optimizer delivers new recommendations for Amazon Relational Database Service (RDS) MySQL and PostgreSQL databases. These recommendations help you detect idle RDS instances and identify the optimal instance types and provisioned IOPS settings for your existing RDS DB instances, so you can reduce costs for idle and over-provisioned RDS DB instances or increase the performance of under-provisioned workloads.
Improving your FinOps practice with real-time Slack notifications of AWS CFM announcements
AWS publishes more than 200 announcements per month to the “What’s New with AWS” website and RSS feed, so there’s a lot to get excited about. However, finding relevant announcements in these updates can be a challenge for engineers, finance professionals, or FinOps stakeholders. In this blog, we will deploy a solution to collect cost optimization related announcements from the “What’s New with AWS” feed and pass them into a dedicated Slack channel.
Improve cost visibility of Amazon EKS with AWS Split Cost Allocation Data
We’re excited to announce granular cost visibility for Amazon Elastic Kubernetes Service (Amazon EKS) in the AWS Cost and Usage Reports (CUR), enabling you to analyze, optimize, and chargeback cost and usage for your Kubernetes applications. With AWS Split Cost Allocation Data for Amazon EKS, customers can now allocate application costs to individual business units […]
Optimize costs by automating AWS Compute Optimizer recommendations
AWS Compute Optimizer is a powerful tool that offers recommendations to optimize your Amazon EC2 instances, helping you identify suitable instance types, reduce underutilized resources, and enhance performance. In this blog post, we will explore AWS Compute Optimizer and demonstrate how to automatically apply its recommendations, resulting in significant cost savings and improved resource efficiency.
Recap of AWS re:Invent 2023 Cloud Financial Management Product Launch Announcements
If you’re scratching your head and trying to catch up with all the re:Invent launch announcements from the AWS Cloud Financial Management team, let me walk you through how your FinOps experience may be improved for better with the latest capabilities that were just released last week at AWS re:Invent 2023. I’ve also included recordings of these launch announcements, so you can watch these at your own pace.
How to take advantage of Rightsizing recommendation preferences in Compute Optimizer
Rightsizing recommendation preferences allows you to adjust both CPU headroom and thresholds, configure a new 32-day lookback period option, and set instance family preferences at the organization, account, or regional level. With this feature, Compute Optimizer provides greater transparency on how the recommendations are generated and the ability for you to configure EC2 rightsizing recommendations for higher savings and performance sensitivity, aligning recommendations with your business needs. Let’s explore what you can achieve through this new feature.
AWS Cloud Financial Management 2023 Q3 Launch Recap
Thanks to our product and engineering teams’ tireless efforts in building new capabilities for AWS Cloud Financial Management portfolio, I get to talk about these amazing features. Let’s take a look at what we’ve made available for you in the last quarter.