Cloud Cost Management Software

Cloud Cost Management Software Overview

Cloud cost management software increases an organization's insight and management capabilities over cloud resource usage, and budgets allocated to cloud services. As IT and cloud service infrastructures become more complex, governance and optimization of spending become more difficult. Cloud cost management software is dedicated to solving this problem by providing clarity into costs and resource usage so those in charge of a company's finances can make informed decisions.

Cloud cost management software often overlaps with cloud management systems, which facilitate cloud infrastructure’s management and operations. Systems that include both capabilities can enable organizations to automate some cost optimization processes.

As cloud infrastructures grow, businesses need to pull in data from multiple different sources and analyze their entire infrastructure. Cloud cost management software can provide a central console for viewing the ongoing spending on cloud infrastructure, as well as how efficiently the purchased infrastructure is being used. The more cloud products a business uses, the more they can benefit from the cohesion a cloud cost management platform can bring.

Cloud cost management software can save organizations money in a few different ways. The primary method is by identifying and mitigating over-resourcing or inefficient resource usage. This includes costs like over-provisioning, giving instances or applications unnecessary capacity, or continuing to pay for unused or legacy licenses or instances. These platforms can also save organizations time managing all these resources, especially when the business uses multiple cloud environments.

Cloud Cost Management Products

(1-25 of 35) Sorted by Most Reviews

Azure Cost Management

Microsoft's Azure Cost Management tracks resource usage and manages costs across all your clouds with a single, unified view, and access rich operational and financial insights to make informed decisions.

CloudWisdom, by Virtana (formerly Metricly)

CloudWisdom, formerly known as Metricly and before that Netuitive, acquired by Virtana in late 2019, is a cost, performance, and resource monitoring tool. Deployed as SaaS, CloudWisdom / Metricly integrates primarily with AWS, and specializes in monitoring and managing cloud-based…

OpsCompass

OpsCompass is an enterprise-ready cloud security management software that drives multi-cloud operational control, visibility, and security to Microsoft Azure, AWS, and Google Cloud Platform. Its UI is designed to provide clear data visualization for resource management, remediation,…

CenturyLink Cloud Application Manager (formerly AppFog)

CenturyLink® Cloud Application Manager (formerly AppFog) is a cloud-agnostic application and infrastructure management platform with integrated Managed Services. The centralized platform manages workloads across on-premises and third-party cloud environments, allowing for greater…

ShareGate

ShareGate headquartered in Montreal offers a suite of Sharepoint, Microsoft Office 365, and Azure adoption, administration, and cost management solutions.

Apptio Cloudability

Cloudability is a cloud cost management platform for cloud cost control developed the company of the same name in Portland, acquired and now supported by Apptio (May 2019). The Cloudability also includes additional products, Cloudability Shift to support migration to cloud, and the…

Virtana Platform

The Virtana Platform, from Virtana (formerly Virtual Instruments) is presented as a unified observability platform, that enables users to migrate and optimize across hybrid, public, and private cloud environments. A modular hybrid-cloud infrastructure optimization platform, it collects…

AWS Compute Optimizer

AWS Compute Optimizer recommends optimal AWS Compute resources for workloads to reduce costs and improve performance by using machine learning to analyze historical utilization metrics. Over-provisioning compute can lead to unnecessary infrastructure cost and under-provisioning compute…

Cloudyn

Cloudyn is the cloud analytics platform from the Israeli company of the same name.

Certero for Cloud

Certero for Cloud is a cloud asset management application providing full visibility of cloud applications and designed to optimize cloud asset usage and reduce wasted spend. Certero for Cloud has two modules to manage the major Cloud IaaS / PaaS vendors in Azure and AWS. Certero…

Matrix42 Software Asset Management

Matrix42 Software Asset Management provides total license, and contract management for software assets and vendors.

Jamcracker Cloud Analytics

Jamcracker Cloud Analytics provides visibility into your cloud costs across your organization for a better cloud cost management. By providing a multi-dimensional view of cloud usage and expenses, it helps you take prompt and efficient decisions about your cloud cost. It provides…

Snow for SaaS

Snow for SaaS provides Snow Software's discovery, inventory and consumption tracking for detailed insight into SaaS application usage and spend, alongside on-premises technologies. It is designed to bring IT and financial leaders reliable data, providing the insight they need for…

Site24x7 CloudSpend

Site24x7 CloudSpend is a cost management solution for public clouds aiming to provide advanced analytics for IT and enable businesses to visualize runaway expenditure and implement budget controls in clouds. Being a SaaS-based cloud cost management software, and built from the…

NetApp Cloud Manager (formerly OnCommand Cloud Manager)

NetApp Cloud Manager (formerly OnCommand Cloud Manager) delivers a central point of control for Data Fabric endpoints—on-premises and in the cloud. It can be used to monitor the cost of ONTAP-based storage in the cloud, and to deliver configuration and deployment of both ONTAP Cloud…

Pileus

Pileus Cloud Cost Management platform allows users to manage their cloud estate through a single pane of glass, supporting AWS, Azure and GCP. The vendor states that by utilizing AI based ML algorithms, Pileus allows companies to reduce their cloud waste by up to 40% by providing…

Hybr® SDX Datacenter

Hybr is a Hybrid Cloud Management Platform that automates cross-cloud integration with a multi-tenant portal experience that enables users to provision and manage IaaS VMs across VMware vCenter, System Center/Hyper-V, Microsoft Azure, Azure Stack, AWS, etc. Automate workloads,…

XoSphere Instance Orchestrator

What is a Spot instance? Amazon sells EC2 virtual instances in three ways. On-Demand instances offer the greatest flexibility as they can be turned up and down at any moment and customers are billed for only what they use. While convenient, On-Demand is the most expensive option.…

Support My Cloud

Support My Cloud helps businesses to place their software on multiple clouds by scaling marketplace operations and provides a streamlined approach to sound listing and effective reporting. Its prime features include: Marketplace Insights: The solution enables users to take proper…

CloudKeeper

CloudKeeper is an AWS FinOps solution that aims to help businesses save anywhere between 5% to 15% on their monthly AWS spend. Key benefits, as provided by the vendor - Instant access to AWS volume pricing discounts No pre-payments, long-term revenue, or volume commitments neededInvolves…

SoftwareONE PyraCloud

SoftwareONE headquartered in Switzerland offers PyraCloud, their application for managing software licenses and renewals and cost associated to software, as well as perform cloud analytics to determine usage as well as optimal allocation and purchase of cloud resources.

CloudSphere

CloudSphere provides governance across migration planning, security posture, identity, compliance and cost management in the cloud. We are the only cloud management platform that collects the key data points that together define applications in cloud environments and correlates them…

Hyperglance

Hyperglance is an enterprise cloud architecture software solution designed to enable users to take control of the enterprise's cloud documentation, cost, security & compliance. Automatic diagrams, cost analysis, security, and compliance across AWS, Azure, and K8s.

Spot Cloud Analyzer

Spot's Cloud Analyzer is designed to allow users to gain comprehensive operational insights with cost and usage analysis into cloud deployments. With it, users can detect irregular cloud spend and identify the root cause for immediate remediation. With Cloud Analyzer, the vendor…

Flexera Cloud Management Platform (RightScale)

Flexera Cloud Management (formerly RightScale, acquired by Flexera in 2018) is a cloud governance, management, and cost optimization platform, featuring RightScale Optima for cloud cost control and optimization. The original RightScale Multi-Cloud Platform was developed by RightScale…

Learn More About Cloud Cost Management Software

What is Cloud Cost Management Software?

Cloud cost management software increases an organization's insight and management capabilities over cloud resource usage, and budgets allocated to cloud services. As IT and cloud service infrastructures become more complex, governance and optimization of spending become more difficult. Cloud cost management software is dedicated to solving this problem by providing clarity into costs and resource usage so those in charge of a company's finances can make informed decisions.

Cloud cost management software often overlaps with cloud management systems, which facilitate cloud infrastructure’s management and operations. Systems that include both capabilities can enable organizations to automate some cost optimization processes.

As cloud infrastructures grow, businesses need to pull in data from multiple different sources and analyze their entire infrastructure. Cloud cost management software can provide a central console for viewing the ongoing spending on cloud infrastructure, as well as how efficiently the purchased infrastructure is being used. The more cloud products a business uses, the more they can benefit from the cohesion a cloud cost management platform can bring.

Cloud cost management software can save organizations money in a few different ways. The primary method is by identifying and mitigating over-resourcing or inefficient resource usage. This includes costs like over-provisioning, giving instances or applications unnecessary capacity, or continuing to pay for unused or legacy licenses or instances. These platforms can also save organizations time managing all these resources, especially when the business uses multiple cloud environments.

Cloud Cost Management Features & Capabilities

Cloud cost management software includes a variety of features to help businesses analyze cloud platform costs and resource usage. Some of the most common features included in these platforms are listed below.
  • Cloud resource usage reporting
  • Data visualizations
  • Data import/export
  • Data storage
  • Spending and cost reporting
  • Cost reduction optimization
  • Dashboard creation

Cloud Cost Management Software Comparison

There are several common factors to consider when comparing cloud cost management solutions:


  1. Automated cost optimizations: Visibility into cloud resource usage and spending will only get the business so far. Administrators must then make adjustments to the cloud environment to actually save on costs. Fortunately, some cost management solutions have extended beyond tracking spend to automating cost optimization processes. Consider how much value the business would receive from automating those processes before considering it a “must-have” feature.

  2. Multi-cloud support: Some cloud cost management providers specialize in particular cloud environments, such as AWS or Azure. If the business only uses one cloud environment, a tailored solution may be more effective and cost efficient. However, if the business uses multiple cloud instances, particularly across vendors, buyers should heavily prioritize a vendor that can deliver robust multi-cloud support and visibility.

  3. Data visualization: Cloud cost management software will vary in the quality, customization, and ease of reporting and data visualization. Buyers should consider how much reporting to non-IT specialists will be necessary, and how impactful more robust data visualizations will be when communicating to budget holders and other financial stakeholders.


Start a cloud cost management software comparison

Pricing Information

Pricing for cloud cost management platforms depends on the size and complexity of the organizations cloud infrastructure, as well as the feature needs of the business. Most vendors require businesses to reach out for a quote, but offer a limited trial that businesses can use to test out the platform before making a purchasing decision.


Frequently Asked Questions

What’s the difference between cloud cost management and cloud management platforms?

Cloud cost management focuses on providing visibility into how a business spends on cloud infrastructure, while cloud management focuses on administering those cloud environments directly.

Who uses cloud cost management software?

Cloud cost management software is directly used by the cloud environment administrators, usually IT personnel.

What are the benefits of cloud cost management software?

Cloud cost management software helps save money by trimming unnecessary or inefficient cloud resource usage, and saves time when performing this process across multiple cloud environments.

What kinds of cloud cost management software are there?

There are cloud cost management tools that are either tailored to specific cloud environments, like AWS or Azure, while others are designed to be functional across multiple cloud environments, even simultaneously.