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.

Top Rated Cloud Cost Management Products

TrustRadius Top Rated for 2022

These products won a Top Rated award for having excellent customer satisfaction ratings. The list is based purely on reviews; there is no paid placement, and analyst opinions do not influence the rankings. Read more about the Top Rated criteria.

Videos for Cloud Cost Management Software

Cloud Adoption Essentials: Cloud Cost Fundamentals
11:55
A Senior Community Training Architect examines the economic aspects involved in migrating to the cloud. They explain total cost of ownership (TCO) and the difference between capital expenses (CapEx) and operational expenses (OpEx). They also explore the distinction between cos...
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Cloud Cost Management Products

(1-25 of 53) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.

ServiceNow IT Asset Management

ITSM / ITOM specialist ServiceNow launched its software asset management solution in 2017. Built on the Now Platform, the ServiceNow IT Asset Management bundle, which includes the CMDB module also as well as the relatively new SAM module, allows users to manage software licenses…

Key Features

  • Asset lifecycle monitoring (15)
    87%
    8.7
  • Software and hardware inventory tracking (16)
    86%
    8.6
  • Asset relationship management (15)
    83%
    8.3
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…

vRealize Operations

vRealize Operations provides simplified and automated IT Operations Management across private, hybrid, and multi-cloud environments. It provides visibility into the entire tech stack, including all physical, virtual, and cloud infrastructure components.

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.

Virtana Optimize

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

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,…

ShareGate

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

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…

Lumen Cloud Application Manager

Lumen Cloud Application Manager (formerly AppFog from CenturyLink) 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…

Micro Focus Hybrid Cloud Management X

Hybrid Cloud Management (formerly HP Cloud Service Automation or HP CSA) is an IT workload automation offering acquired by Micro Focus from Hewlett Packard Enterprise.

Zesty

Zesty is a first cloud management platform from the company of the same name in Giv'atayim, Israel, that leverages AI-driven automation to increase efficiency and reduce AWS spend, with the goal of reducing it by over 50%. The platform automatically adjusts compute and storage resources…

ProsperOps

ProsperOps is a fully autonomous cost optimization solution for Amazon Web Services (AWS) that helps organizations save money and manage risk. It aims to help customers increase their Effective Savings Rate by an average of 68%, returning material dollars back to their cloud budgets.…

vRealize & vCloud Suite

VMware vRealize Suite and vCloud Suite deliver a self-service consumption layer, an automation framework and self-driving Day 2 operations for VMware Cloud and beyond.

AWS Trusted Advisor

AWS Trusted Advisor is an online tool that provides users real time guidance to help provision resources following AWS best practices. Trusted Advisor checks help optimize AWS infrastructure, increase security and performance, reduce overall costs, and monitor service limits. Whether…

Harness

Harness, from the company of the same name in San Francisco, is a Continuous Delivery-as-a-Service platform designed to provide a simple, safe and secure way for engineering and DevOps teams to release applications into production. Founded in 2016, Harness uses machine learning…

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…

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.

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…

Centilytics

Centilytics, an Intelligent cloud management platform, serves as a governance, security & optimization tool to save unnecessary cloud spend with a 360-degree visibility. According to the vendor, it pinpoints loopholes in the cloud infrastructure to put the resources into optimum…

BMC Helix Cloud Cost

BMC Helix Cloud Cost is a cloud expense management solution that optimizes cloud resource costs, eliminating wasted spend and budget over-runs.

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…

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…

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

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…

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.

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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.