CloudSpend Wrapped 2024
As the holiday spirit fills the air, it’s time to look back at a truly transformative year for ManageEngine CloudSpend. With a suite of groundbreaking features, 2024 saw CloudSpend evolve into a powerful tool for managing multi-cloud costs effectively. Let’s revisit the key milestones and share some exciting glimpses of what lies ahead.
Highlights of CloudSpend
GCP Integration: A full multi-cloud view
A big win for multi-cloud users this year was the inclusion of Google Cloud Platform (GCP) integration. Organizations can now seamlessly track and optimize spending across AWS, Azure, and GCP to gain a consolidated view of cloud expenses. This integration enables smarter budgeting, helping businesses avoid surprises in their billing cycles.
Anomaly Detection: Prevent costly surprises
Our Anomaly Detection feature brings machine learning into the fold, identifying unexpected spikes in cloud spending. This proactive feature ensures that teams can address irregularities before they escalate into budgetary concerns, saving money and ensuring operational stability.
Enhanced reporting capabilities
Custom Report: This year, we launched Custom Reports, a feature designed to let users tailor their cloud spending data. With the ability to slice and dice information based on specific business needs, Custom Reports empower teams to make more informed, data-driven decisions. This tool ensures you have the flexibility to visualize exactly what you need, from granular billing details to high-level trends across AWS, Azure, and GCP.
Recommendations Report:Introduced advanced insights to optimize costs, improve availability, and strengthen security. This report helps users identify idle resources and adopt efficient resource allocation strategies.
Resource Inventory Report: Delivered comprehensive visibility into cloud resources, helping organizations identify and manage underutilized assets.
Kubernetes Cost Report: Provided specialized insights into containerized environments, allowing teams to manage the costs of Kubernetes clusters better.
Summary Report: Tailored for executive decision-makers, this report aggregates key metrics, ensuring high-level visibility into overall cloud spending trends.
Advanced user management
CloudSpend offers robust role-based access controls (RBAC) to ensure users have the right permissions for their responsibilities. By assigning specific roles, administrators can enhance security and streamline account management.
What’s coming in 2025?
Cost governance
Cost Governance tools are set to redefine cloud financial management by empowering organizations to enforce budgets, ensure compliance, and establish cost-control policies effortlessly.
Custom dashboards
Elevate your reporting experience with Custom Dashboards. This upcoming feature will allow users to visualize their preferred metrics, creating a personalized command center for all cloud financial operations.
Reservations and Savings plan reports
Customers overcome challenges by knowing the amount they are able to save through Reservations and Savings plans across all multi-cloud platforms.
Closing 2024 with gratitude : Celebrating our growth
This year, hundreds of organizations worldwide trusted CloudSpend to optimize their cloud costs and improve operational efficiency. From startups to global enterprises, we’re proud to have been your partner in cloud financial management.
As we wrap up another successful year, we want to thank our community for their unwavering support and feedback. Your insights have been instrumental in driving these innovations, and we’re excited to continue building on this momentum in 2025.
From all of us at ManageEngine CloudSpend, we wish you a joyful holiday season and a prosperous New Year! Stay tuned for more updates and start exploring the latest features by visiting our features pages. To learn more, refer to our documentation and schedule a demo of CloudSpend.
This year may be ending, but the journey of cloud cost efficiency continues. Here’s to smarter cloud cost management in 2025!
