Cloud Cost Management

Master Cloud Costs: Optimize Spend, Maximize Value

Through comprehensive IT financial management, companies gain in-depth insights into their cloud spend, optimize costs, and maximize business value. Is your enterprise's cloud investment delivering value for money?

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Tackle cloud cost challenges head on

While the cloud offers numerous benefits, it also presents a set of unique challenges, particularly in managing and controlling expenses.

Lack of visibility

Managing cloud costs in multi-cloud or hybrid environments is difficult without centralized visibility, often leading to unexpected spend and making financial planning harder.

Complex pricing models

Cloud service providers offer a wide range of services with different pricing and consumption models, making it difficult for CIOs to understand cost drivers, forecast spend, and identify optimization opportunities.

Inefficient resource allocation

Ongoing monitoring and optimization help reduce waste, improve utilization, and ensure cloud resources deliver the required value for each workload.

Balancing costs and performance

CIOs need to balance cloud costs, performance, and value to achieve efficient use without compromising service quality or business outcomes.

Cloud Cost Management and FinOps

Realize cloud cost savings up to 10% with Serviceware's ITFM solution that comes with cloud cost management. Gain a holistic and clear picture of cloud economics and how much money you're actually spending on cloud provisions. 

Seamlessly integrate the Serviceware ITFM and cloud cost management solution into your existing cost model. Or, with the Serviceware Digital Value Model approach, you can immediately generate insights and analyses of your cloud spend through an out-of-the-box integration into technology business management.

Seamless integration

  • Discover the true total cost of ownership (TCO) for your cloud services and downstream services, such as cloud-based applications.
  • Implement automated and cause-based billing that accurately reflects your cloud service usage.
  • Compare the performance of cloud and on-premises solutions, particularly in the infrastructure domain.

Cost transparency

  • Analyze plan, actual, forecast, and simulation values and perform deviation analysis to understand cost trends and anomalies.
  • Monitor cost developments, such as rising costs in the compute and storage sector, to ensure optimal resource allocation.

Automate cloud tasks

Develop personalized rules that automate everyday cloud tasks like billing for cloud services. Accelerate decision-making and lower potential risks.

Plan and forecast

  • Plan and forecast your cloud costs holistically as part of your overall IT budget.
  • Account for all value chain dependencies in your planning and forecasting, such as increased cloud usage driven by higher business demand for specific applications.

Hold teams accountable

Connect cloud costs with the teams driving consumption and strengthen financial accountability against budgets.
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„This FinOps Foundation certification confirms Serviceware is in a tier of technology providers that deliver a software product which enables FinOps practitioners to successfully adopt FinOps best practices.” (Vas Markanastasakis, Head of FinOps Practice Management, FinOps Foundation)

Cloud Cost Management

Best Practices

Fabian Mieloch shares how to get rising cloud costs under control:

  • Centrally analyze cloud costs across providers

  • Identify unused resources and overprovisioning

  • Plan and forecast cloud costs with  AI-assisted insights

Take a tour of the tool

See how it's done

Take a tour of our cloud cost management tool. Or book a live demo with our expert consultants today to discuss your business needs.

Cloud Cost Management Webinars

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On demand

Why FinOps Matter for IT Leaders

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On demand

AI in IT Finance

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On demand

Simulations and Scenarios in ITFM

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