Hey, this is AmBlue. How can I help you today?

Cloud Cost Optimization Tools 2023

List of Best Cloud Cost Optimization Tools 2023

Cloud FinOps Enthusiast

Enterprises globally prefer to use cloud cost optimization tools to maximize their cloud investments. While certain organizations use native tools provided by AWS, GCP, and Azure others tend to opt for homegrown tools or third-party tools. Few even mix up to reduce cloud spending. According to “The State of the FinOps 2022” report of the FinOps Foundation, enterprises use an average of 3.7 tools for their cloud cost optimization process. Let’s see in this article a few of the best cloud cost optimization tools in 2023.

1. CloudCADI

CloudCADI is a one suite cloud cost optimization tool offered by Amadis Technologies Inc., USA. It got you covered for all your cloud FinOps needs. It makes the day of cloud practitioners easy with an effective dashboard, and precise reports with which you can charge back to the lowest possible unit and start restructuring almost immediately. This tool comes with need-of-the-hour features like,

Cloud Native – It leverages the power of cloud features like scalability, elasticity, etc. facilitating faster deployment

Externalized Business Rule Engine – It allows the user to play around with multiple cloud assets recommendations, so the user has the flexibility to choose as per their infrastructure and project needs.

Non-intrusive nature – It stays within your cloud environment eliminating the need to worry about the security breach and third-party intrusion

Role-based data access – Customizing the cost optimization data visibility based on roles (Engineering team, Finance team, etc.) is simple with Cloud CADI.

Clients – Johnson & Johnson, Unisys, GSM Outdoors, Exafluence, DigiKey

Founded – 2019

HQ: New Jersey, USA

2. Cloud Health

Cloud Health is a product of VMWare, which delivers intelligent insights that help you optimize costs, improve governance, and strengthen your cloud security posture. Some of its few key capabilities are,

      • Resource organization & management – Cloud Health FlexOrgs helps in aligning cloud data with the business offering greater control of user access, sharing, etc.

      • Reporting & Dashboards- Filter and refine out-of-the-box graphical and tabular reports to correlate datasets for analysis against your business objectives.

      • Budget management and forecasting – Configure budgets to visualize your expected costs for the year in advance and compare it with actual spending as the year progresses.

    Few Clients – Experian, Salesforce, Harman, Scholastic

    Founded – 2012

    HQ: Boston, Massachusetts, United States

    3. Cloudability (Apptio)

    Cloudability, a product of Apptio, ingests, normalizes, and structures cloud billing and usage data from across your public cloud ecosystem to actively manage spending and consumption to continuously improve the unit economics of cloud service. Few key features are,

        • Budgets & forecasting – Establish team budgets, accurately forecast, and track cloud spend

        • Cloud cost summary Dashboard – Correlate cloud spend to business value to make cloud investment decisions with confidence

        • Rightsizing recommendations- Stay informed of costs and act on anomalies and rightsizing opportunities by team, service, or project

        • True Cost Explorer – Accurately allocate all costs, including containers and support charges, to ensure a full chargeback of cloud costs to the business

      Few Clients: ibotta, Agero, OLX Group, seek

      Founded: 2011

      HQ: Portland, Oregon, United States

      Subsidiaries: Datahero, Inc., Digtal Mines Ltd., RipFrog, Inc.

      4. AWS Cost Explorer

      A native product of AWS cloud service provider helps to visualize, understand, and manage your AWS costs and usage over time. Few key features are,

          • Monthly costs report – AWS Cost Explorer includes a default report that helps you visualize the costs and usage associated with your top five cost-accruing AWS services and gives you a detailed breakdown of all services in the table view.

          • Hourly & resource level granularity – AWS Cost Explorer helps you visualize, understand, and manage your AWS costs and usage over a daily or monthly granularity.

          • Savings plan reports – It provides you with two reports to help analyse your Savings Plans purchases and saving opportunities – Savings Plans utilization report and Savings Plans coverage report.

          • Reservation reports – The reservation utilization report visualizes your aggregate reservation utilization and allows you to set a custom reservation utilization target. The reservation coverage report visualizes your overall reservation coverage and allows you to set a custom reservation coverage target.

        Few Clients – Verisk, Airbnb, Arista

        Founded – 2014

        HQ: Seattle, Washington, United States.

        5. Azure Cost Management

        Azure Cost Management is a native tool from Microsoft Azure cloud service helps to leverage the cloud environment and implement financial governance in your organization. Few key features are,

            • Cost analysis – Track resource usage and manage cloud costs across all your clouds with a single, unified view while accessing rich operational and financial insights to make informed decisions.

            • Drive organizational accountability – Implement governance policies for effective enterprise cloud cost management and increase accountability with cost allocation and chargebacks.

            • Optimise cloud efficiency – Improve the return on your cloud investment by using continuous cost optimization and industry best practices.

            • Manage Azure and AWS together – Manage costs across Azure and AWS from a single location. Get insights based on data from both clouds to simplify your cost management processes.

          Few Clients: Schneider Electric, over 70% of Azure’s enterprise clients use Azure Cost Management

          HQ: Redmond, United States

          Pricing: Free for Azure

          6. Google Cost Management

           A cloud-native tool from GCP aids in organizing cloud resources, taking control of your cloud costs, optimizing spending and savings. Key features go like this,

              • Resource hierarchy and access controls – Structure and organize your resource hierarchy for fine-grained management and cost allocation using organizations, folders, projects, and labels.

              • Reports, dashboards, budgets, and alerts – Get at-a-glance views of your current cost trends and forecasts with intuitive reports in the cloud console and set budgets to closely monitor your costs and alert stakeholders through email or Pub/Sub when exceeding defined budget thresholds.

              • Recommendations – View intelligent recommendations for optimizing your costs and usage.

            A few Clients – Etsy, Vendasta

            HQ: Mountain View, California, United States

            7. CloudChekr

            CloudCheckr is now part of Spot (by NetApp) brings visibility and intelligence to help you lower costs, maintain security and compliance, and optimize resources. Features are,

                • Cost visualization – Experience the power of the industry’s easiest-to-create reports and share dashboards to get insight into key trends and what’s driving spend.

                • True intelligence – Understand why companies save 30% or more with smarter purchase recommendations and with hundreds of best practice checks to identify specific savings opportunities.

                • Single view – Align SecOps, InfoSec, DevOps and FinOps by ensuring strong security posture in the same platform that cost, resources and services are managed.

                • Customizable tools – Its customizable tools help to differentiate your service offerings and improve profitability.

              A few Clients – Accenture, Logitech, Lumen

              HQ: Mountain View, California, United States

              Founded: 2011

              8. Cloud Custodian

              It is a opensource cloud security, governance and management platform from Capital One that allows user to easily define rules to enable a well-managed cloud infrastructure, that’s both secure and cost optimized. Custodian supports managing AWS, Azure, and GCP public cloud environments. Significant features are,

                  • Real-time compliance – Besides just providing reports of issues, Custodian can actively enforce the security policies you define.

                  • Cost Management – Setup off-hours to save you money, by turning-off resources when they’re not being used. Garbage collects unused resources by looking into utilization metrics.

                  • Run anywhere – Custodian can be run locally on an instance, or Serverless in AWS Lambda.

                  • Simple DSL – Use Custodian to build complex workflows or simple queries, millions of policies can be constructed using our easy-to-read DSL.

                HQ: Virginia United States

                Founded: 2016

                9. Pyracloud

                A product of SoftwareOne is a single platform to transact software licenses and cloud subscriptions, view your entire on-premises and cloud software estate, while leveraging a combined view of your technology platforms and commercial agreements to make informed business decisions. It offers benefits like,

                    • Visibility and accountability of software usage and spend

                    • Identify software cost saving opportunities

                    • Automation to drive operational efficiency

                    • Insights for rightsizing and reducing compliance risks

                  A few Clients: DreBler, PRMG

                  HQ: Stans, Switzerland

                  Founded: 2016

                  10. Flexera

                  With Flexera you can get visibility into cloud usage and costs for all your cloud accounts. You can evaluate and report on your most cost-effective regions and instance sizes, and dive deep into public and private cloud costs by application, category, business unit, cost center, department, or team. 


                      • Complete cost visibility – Get a complete picture of public and private cloud costs including compute, network, and storage with combined billing data and detailed usage information

                      • Cost allocation by center/team – Tag cloud resources to track cloud budget and spend and enable invoice reconciliation and allocation to cost centers/teams with specific markups and markdowns on cloud costs

                      • Cost anomalies alerting – Automatically calculated spend anomalies reporting gives you insight and the culprits behind spikes and reduction in cloud spending by a variety of variables

                      • Robust cost monitoring – Analyze, forecast, budget, and report on cloud infrastructure costs by an assortment of factors, including cloud provider, account, and region

                    A few Clients: Walmart, Toyota, Shell

                    HQ: Itasca, Ilinois, United States

                    Founded: 1988

                    Adopt the right cloud FinOps/cloud cost optimization tool and start leveraging your cloud environment now. If your organization needs are unique and looking for a customizable cloud cost optimization tool with complete control of data, try CloudCADI.

                    Share it with your network:

                    Subscribe to our Newsletter

                    Optimize your current cloud resources and have better control over cloud spend.
                    Download our

                    Individual privacy preferences

                    We use cookies and similar technologies on our website and process your personal data (e.g. IP address), for example, to personalize content and ads, to integrate media from third-party providers or to analyze traffic on our website. Data processing may also happen as a result of cookies being set. We share this data with third parties that we name in the privacy settings.

                    The data processing may take place with your consent or on the basis of a legitimate interest, which you can object to in the privacy settings. You have the right not to consent and to change or revoke your consent at a later time. For more information on the use of your data, please visit our privacy policy.

                    Below you will find an overview of all services used by this website. You can view detailed information about each service and agree to them individually or exercise your right to object.

                    Essential services are required for the basic functionality of the website. They only contain technically necessary services. These services cannot be objected to.  •  Show service information