Nothing is more disappointing than getting less than what you expected when investing your resources. Having holes in your business functions can drain your resources and cause underwhelming results. That said, ensure efficiency while steering away from the possibility of paying unnecessary fees for services you do not need with robust cloud cost management software.
12+ Cloud cost management software
1. Amazon CloudWatch
2. ParkMyCloud
3. Zesty
4. Nutanix Beam
5. AWS Budgets
6. Turbonomic
7. CloudZero
8. AWS Cost Explorer
9. Spot Cloud Analyzer
10. AWS Cost and Usage Report
11. Flexera One
12. Azure Cost Management
13. Cloudability
What Is Cloud Cost Management Software?
Cloud cost management software is a modern technology designed to help the users of cloud computing solutions keep track of and monitor cloud spending. It presents the progress of tasks and integrates data analytics across platforms under one roof, making it more convenient to track and control them. This software gives better insights into where you are allocating cloud resources and measures the performance of your operations. Also, with this, you can customize cost policies and set them to send automated alerts when your cloud processes do not adhere to your set budget.
Benefits
This software solution offers workflow automation capabilities eliminating the need for repeating workflows to complete menial tasks. That said, it saves you more time and money to spare for more high-priority cloud management processes. Also, it cuts down your workload and increases visibility over cost management processes for more informed decisions and strategy development.
Features
Getting the right software requires competent decision-making skills and involves analyzing current trends in the software market to maintain competitiveness in the industry. That said, ensure to single the software that fits your organization and matches your needs while aligning with your demands by paying attention to the essential aspects. Their pricing plans, interface designs, and software packages are examples of the items belonging to the checklist for the elements to study. The following are features that top-performing digital solutions in this software category pride themselves in:
- Budgeting and tracking capabilities
- Subscription analytics tools
- Usage tracking features
- Expense tracking functionality
- Application performance monitoring tools
- Artificial intelligence capabilities
- Cost reporting tools
- Third-party applications integration
Top 10 Cloud Cost Management Software
1. Azure Cost Management
Functionalities for configuration management and load balancing are accessible in this IaaS software. Its software company, Microsoft, has 184 billion dollars in revenue and has 181,000 people in its team.
2. Amazon CloudWatch
This cloud management software has resource management and performance analysis functionalities. Amazon Web Services has a revenue of 62 billion dollars and has 40,000 employees.
3. Spot Cloud Analyzer
Spot Cloud Analyzer provides users with capacity analytics and cloud infrastructure monitoring functionalities. Its developer, NetApp, has 6 billion dollars in generated revenue and has 11,000 people in its team.
4. Nutanix Beam
With this cloud management solution, you can use features for improving your cloud consumption analytics and cost optimization practices. They have 6,100 people working for them and have a revenue of 1.394 billion dollars.
5. Flexera One
Flexera One is a SaaS management software with subscription management and license management features. They have 1,300 employees working for them and have a generated revenue of 333 million dollars.
6. Cloudability
Multi-cloud management and usage analytics tools are features you can use in this digital solution. Its developer, Apptio, has a generated revenue of 210 million dollars and has employed 1,000 people.
7. Turbonomic
With Turbnomic, you can simplify the complexities involved in application performance management and virtualization. They have 105 million dollars in revenue and have 500 employees in their team.
8. Zesty
With this content management software, you can streamline processes for improving digital asset management and content management. They have 3.3 million dollars in generated revenue and have 17 employees working for them.
9. ParkMyCloud
This digital solution offers credential management and server management tools to users. They have four people in their team and have 2.6 million dollars in generated revenue.
10. CloudZero
CloudZero is a digital solution with cost management and machine learning capabilities. They have employed 38 people and have a revenue of 2 million dollars.
FAQs
Why is cloud cost management essential?
As more and more businesses have taken to the cloud to improve and make their operations more efficient, planning and tracking your resource management processes becomes more of a need to ensure you get the most out of your money without incurring losses. Also, it improves your digital adoption processes.
What is cloud cost optimization?
Cloud cost optimization is the practice of unlocking the potential of your cloud infrastructure with the lowest cost possible. It involves eliminating waste and utilizing discount programs to reduce cloud spending. Also, this financial management practice is an effective way to provide value to the organization, increasing business profitability and workforce productivity.
How is a cloud cost management solution different from a cloud management platform?
Cloud cost management solutions differ from cloud management platforms because they focus on the specific aspect of increasing visibility and improving governance over cloud costs to ensure that you are only paying for the services you are using and raking in maximum results. On the other hand, cloud management platforms cover the end-to-end processes of orchestrating data management, access control, spend management, and compliance management for cloud infrastructures.
Keep your cloud usage in check and optimize cloud costs to ensure you get back what you paid for and even more with the best cloud cost management software. Take significant steps in your digital transformation journey without expending too much of your resources and provide quality results in the essential business angles to stand out in this competitive landscape.
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