AWS Cloud Financial Management

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?

Voiced by Amazon Polly As your business grows on AWS, so too does the need for cost and usage visibility and custom cost reporting tailored for your organization. Good Cloud Financial Management (CFM) targets for your AWS usage can include (but are not limited to) Reserved Instance and Savings Plans coverage, average hourly cost of […]

Each year, we share a preview of what Cloud Financial Management (CFM) themed sessions you can look for at AWS re:Invent, so you can pre-register and reserve your seats at the sessions you find interesting. This year marks the 10th anniversary of AWS re:Invent and we’re excited to celebrate with our customers back in Las […]

Voiced by Amazon Polly One of the biggest benefits of the cloud is the ability to scale dynamically and reduce costs by paying for only what you use, when you need it. However, when development teams aren’t prepared for this newfound flexibility, cost shock and unexpected cost spikes can occur. If you are new to […]

In this blog, we will share the benefits to upgrade your Amazon OpenSearch Service instances to the latest generations, how you can identify the instances of older generations and configure your Amazon OpenSearch Service domain changes to upgrade the instance types, and how you can receive recommendations and purchase your Amazon OpenSearch Service Reserved Instances.

In the month of August, AWS Cloud Financial Management (CFM) team has made several feature enhancements that can make your CFM journey a bit easier. AWS celebrated the 15 year anniversary of Amazon EC2. Another successful CFM peer connect event was concluded. New customer story and CFM content have been published. Learn more about these updates.

Voiced by Amazon Polly One of the most common questions we get from customers is how to manage compute costs for resources like Amazon EC2, AWS Lambda, and AWS Fargate.  Amazon Web Services (AWS) has many offerings to help you optimize spending, one of which is AWS Savings Plans. You can receive up to 72% […]

As we celebrate the upcoming 15 years birthday of Amazon EC2, we walked down memory lane and took a look at all the customer-centric cost optimization resources available for you.

One of the reasons Cloud Financial Management exists is to manage the changes to the process of procuring and consuming IT resources and the impact those changes have to accounting.  If you keep this perspective in mind, I think the job gets easier.

For those of you who don’t want to miss any news from AWS Cloud Financial Management (CFM) space in 2021, this blog post will provide a quick recap of this year’s updates: from category name updates, to CFM training for builders, to all the service and feature enhancement across CFM solution areas.