CloudSpend Checks
Cloud cost management can be a headache for organizations leveraging AWS, Azure, GCP, or a combination of multiple cloud providers. The cloud’s flexibility and scalability come with a caveat—unpredictable and often with soaring expenses. From staying within budgets to detecting sudden spikes in costs, businesses face constant pressure to maintain financial control while enabling innovation.
The Checks feature in CloudSpend is a game-changer for organizations tackling these challenges. It simplifies cloud cost management by enabling proactive budgeting and anomaly detection across cloud accounts, business units, and reports. Let’s dive into the common cloud cost challenges and how the Checks feature resolves them with actionable insights and AI-driven optimization.
Challenges of cloud cost management
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Unpredictable cost spikes: Cloud spending often spirals out of control due to mismanaged resources, unplanned scaling, or unexpected usage spikes. Identifying these anomalies can be like finding a needle in a haystack, especially when you’re juggling multiple cloud accounts.
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Budget overruns: Without proper monitoring, businesses risk exceeding budgets before they realize it, leading to financial strain and misaligned forecasts.
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Complex multi-cloud environments: Businesses leveraging multiple cloud providers struggle to consolidate costs across AWS, Azure, and GCP accounts. This complexity makes it difficult to detect irregular spending patterns and assign accurate costs to various business units.
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Alert fatigue: While cost monitoring tools often send alerts, excessive notifications dilute their importance, leaving teams overwhelmed and unsure of what to prioritize.
How the Checks feature enhances cloud budgeting
Cloud cost monitoring made simple
The Checks feature empowers businesses to configure budget thresholds and track spending patterns across accounts, business units, and reports. You can proactively manage costs before they spiral out of control by keeping a vigilant eye on these thresholds.
Imagine setting a specific budget for your marketing cloud account. The Checks feature periodically evaluates your spending and alerts you the moment it exceeds the threshold, ensuring you’re always a step ahead in cloud cost analysis.
AI-Powered anomaly detection for smarter insights
One of Checks’s standout aspects is its ability to leverage AI for cloud cost optimization. It identifies unusual spending patterns and calculates permissible deviations for each anomaly. For instance, if your data processing costs on GCP spike unexpectedly, Checks not only alerts you, but also pinpoints the root cause and enables you to take corrective action swiftly.
Checks use case: Streamlining multi-cloud cost management
Suppose your organization uses AWS for hosting applications, Azure for database services, and GCP for analytics. Managing costs across these platforms can be overwhelming.
With the Checks feature in CloudSpend:
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Set thresholds for each account or business unit.
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Define anomaly deviation percentages to allow for minor fluctuations without triggering alerts.
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Receive targeted alerts only when spending crosses configured limits or unusual patterns emerge.
For example, if the marketing team exceeds its cloud budget by 10 percent due to an unplanned campaign, the Checks feature identifies this and notifies you while considering permissible deviation limits. This will ensure accurate chargebacks to departments and prevent future overspending.
Key benefits of the Checks
- Proactive cost management: CloudSpend’s Checks feature enables ongoing cloud cost monitoring, ensuring you stay within defined thresholds. This keeps financial surprises at bay and helps teams remain accountable.
- Enhanced cloud cost visibility: Consolidate data across multiple cloud accounts and gain deeper insights into where your money is going. This clarity is essential for accurate cloud cost analysis and decision-making.
- Minimized alert noise: Unlike traditional tools that bombard you with alerts, Checks reduces unnecessary notifications, providing only actionable insights tied to your configured budgets and anomalies.
- AI-driven optimization: Using AI to detect and analyze anomalies, Checks help you understand deviations better. This allows businesses to make informed decisions about cloud cost optimization, whether it’s reallocating resources or tightening budgets.
- Improved decision-making: Checks equip organizations with detailed insights into spending patterns. Whether investigating anomalies or realigning budgets, the actionable data makes decision-making quicker and more effective.
Checks feature for cloud cost optimisation?
The Checks feature in CloudSpend is not just a tool—it can be your assistant in maintaining financial control over cloud expenses. Combining proactive cloud cost management, AI-powered insights, and streamlined anomaly detection transforms the way businesses handle their cloud costs.
Say goodbye to budget overruns, undetected anomalies, and notification fatigue. With CloudSpend’s Checks feature, you can confidently manage cloud costs, ensure budget compliance, and focus on what truly matters—growing your business. 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.
