Cloud Cost Management Software

Best Cloud Cost Management Software include:

Apptio Cloudability.

Cloud Cost Management Software Overview

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.


Cloud Cost Management Products

(1-24 of 24) Sorted by Most Reviews

CenturyLink Cloud Application Manager (formerly AppFog)
1 ratings
2 reviews
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 scaling and transpa…
Densify
Densify is a cloud optimization and control product. It balances infrastructure supply and application demand to maximize efficiency and cost savings.
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 utilization and …
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.
Cloudyn
Cloudyn is the cloud analytics platform from the Israeli company of the same name.
Apptio Cloudability
Cloudability is a cloud analytics platform for cloud cost control developed the company of the same name in Portland, acquired and now supported by Apptio (May 2019).
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 meaningful cloud co…
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.
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.
CloudZero
CloudZero is a cost tool that pulls in both billing and resource data from across an AWS account, then runs it through a data normalization and machine learning engine to automatically group costs and surface insights. Instead of spending time building dashboards and setting budget thresholds, Cloud…
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 establishing ne…
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 can lead to p…
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 ground up by Zoho, C…
StratoZone, on Google Cloud
StratoZone is a modular suite of cloud computing analytics and migration support technologies, including StratoProbe analytics, StratoBeam migration management tool, the StratoGuard security module, StratoBase cloud management and monitoring solution, and the StratoBazaar cloud marketplace for cloud…
Binadox
Binadox headquartered in Seattle provides combined SaaS and cloud (IAAS) spend optimimization, web usage activity to identify shadow IT, reduce spend on SaaS subscriptions and drive user application adoption.
Matrix42 Software Asset Management
Matrix42 Software Asset Management provides total license, and contract management for software assets and vendors.
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 for Cloud’s eleven m…
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 for Amazon Web S…
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 states users receive…
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 budgeting, forecast…
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, provisioning across mu…
ServiceNow IT Operations Management
Built on the Now Platform, the ServiceNow IT Operations Management bundle is designed to help users gain visibility across infrastructure and apps, maintain service health, and optimize cloud delivery and spend.
Flexera Cloud Management (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 in Santa Clara…
Flexera Optima
Flexera’s Optima offers cloud cost management and optimization with tools to enable cloud governance teams to work collaboratively with business units and cloud resource owners to reduce wasted spend. The vendor states that when it is paired with their Cloud Management Platform, Optima provides a ro…

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.