AWS Cloud Financial Management

Effective cost tracking and allocation is crucial to operating in the cloud. With the right strategies and AWS tools, you can access and provide cost and usage data that aligns with your business objectives, helping you manage and optimize your cloud spend with increased understanding and accountability across your AWS bill. Learn about and see cost allocation strategies in action to help you understand your AWS bill.

Life sciences organizations are grappling with increased competition and the need to maintain profitability, while navigating a complex regulatory environment. To tackle these challenges, many are migrating to the cloud to accelerate innovation and enhance productivity. The Hackett Group evaluated the business benefits and trends of cloud adoption for life sciences organizations. 

We’re excited to announce that the cost data for Amazon Elastic Container Service (Amazon ECS) tasks and AWS Batch jobs is now available in the AWS Cost and Usage Reports (CUR). With AWS Split Cost Allocation Data, you can easily understand and optimize cost and usage of your containerized applications, and allocate application costs back to individual business entities based on how shared compute and memory resources are consumed by your containerized applications. Learn how to opt into and view your Split Cost Allocation Data.

The uncertainty of the world economy has once again emphasized the importance of resource efficiency. Take a look at the latest enhancements of the AWS Cloud Financial Management suite of products and learn how you can incorporate these in your daily CFM process.

Today, we are excited to update everyone on the new pricing model for AWS Billing Conductor (ABC). The new pricing applies an account-based, volume tiering for all accounts assigned to ABC billing groups. The new pricing is effective starting June 1, 2023. To ensure existing ABC customers have sufficient time to experiment with this new pricing model, ABC will be free of charge to existing ABC users for 2 months (April and May, 2023). For new ABC customers, there will be a free trial of 2 months. The free tier begins when you assign an account to any billing group.

Check out these resources to learn how you can optimize cloud costs, increase cost visibility, establish your organizational CFM framework, implement automation, and understand what strategies contribute to the success of cloud-mature enterprises.

In some cases, users can be hindered with access to all available cost data for an organization. With Row Level Security (RLS), you can restrict the data a user can see to a subset of the business most relevant to them. In this blog, we’re going to walk you through how Telenor implemented RLS on its Multi-Payer Cost Dashboards, and how you can, too.

Starting today, AWS Cost Anomaly Detection will be automatically enabled for all new AWS Cost Explorer customers by default to help save time and increase cost control. This means that if you own a standalone account or management account and enable AWS Cost Explorer, on or after March 27, 2023, you will automatically have a default configuration of AWS Cost Anomaly Detection that monitors your spend by AWS service and emails you a daily summary when a cost anomaly above a certain threshold is detected.

How can you build a “team” that understands, executes, and optimizes CFM strategies that maximize business value from the cloud? We share ways you can accelerate your stakeholders’ optimization efforts, and establish and encourage cross-team communication to learn from each other, share what’s worked well, and accelerate best practice adoption. 

No matter where your company is in its cloud journey, moving to the cloud impacts employees on every level, even if they don’t work with cloud every day. Here are some tips and tricks to help you educate non-technical audiences on cloud costs essentials. Establishing this knowledge throughout your organization can support more informed decision-making and efficient resource allocation, increase understanding of overall cloud benefits, and ultimately drive business success.