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Cloud Cost Optimization Cloud FinOps

List of Best Cloud Cost Optimization Tools 2023

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.

                    Cloud Cost Optimization

                    Cloud Cost Optimization – Steps to make note of – Part 2

                    Cloud resource provisioning took a paradigm shift from what it was before 10 years. It is now rapid and agile. Solutions like serverless cloud computing, and Infrastructure as a Code further simplify the scenario. Heavily consumed manual efforts are now redirected to core tasks. Cloud resource provisioning is no more a daunting task, but cloud cost optimization is.

                    We have discussed cloud cost optimization best practices – Part 1 before, let’s continue with the further steps in this article.

                    Step 6: Narrow down

                    Enterprises use multiple tools for cloud cost optimization. They prefer to stick with native cloud service provider tools for better reliability. 

                    Example: Businesses using AWS cloud, can make use of,

                    • AWS Cost Explorer – for managing and visualizing the cloud usage
                    • AWS Cost Anomaly Detection – for detecting cloud spending abnormalities. This utilizes machine learning and statistical algorithms for accurate cost overage detection.
                    • AWS Trusted Advisor- for recommendations on reducing costs, improving security, performance, etc. 

                    Many other native tools are also available like AWS CloudWatch, and AWS Budgets that aid cloud cost optimization. Hovering over multiple tabs for information can complicate cloud practitioners’ decision-making. 

                    Adopt a single solution that can unify all the results under one pane like CloudCADI that helps you to track, monitor, and restructure based on intelligent recommendations.

                    Step 7: Chargeback

                    Cost overages can occur from various sources. Overview of the cloud expenditure can only tell us how much we are wasting. Identifying the root cause requires enormous effort.

                    Example: In Microsoft Azure, when we create a VM, a public IP address, network security group, and regular network interface is also created. When this VM is found to be unused for a longer period, the team decommission it to save the cloud costs. But if they miss decommissioning the other components (Public IP, Network interface, NSG) it still accounts for the monthly cloud bills.

                    Cost optimization reports should help us to filter it down and identify the lowest individual unit, the source of unintended spending. 

                    CloudCADI can show you pod level details of cost anomalies.

                    Step 8: Map them 

                    Every cloud cost optimization activity is directly coupled with the business benefits. List your business KPIs and benchmarks. Involve a stakeholder from every team like engineering, management, finance, and operations while figuring out KPIs. It’s crucial to map cloud spending with the business value it adds. 

                    Example: Cloud spend per customer, cloud spend per application

                    This exercise will help you to deeply associate engineering activities with cost and make every stakeholder’s decision financially accountable. 

                    Step 9: Keep in store

                    When you are aware of the roadmap and confident with the computing demand for the coming days, it’s safe to procure cloud resources well before. Bulk procurement in advance helps management on opting for better offers or discounts from service providers. 

                    Example: Reserved Instances. AWS’ RI can provide up to 72% discount compared to “On-Demand” pricing. It also offers the flexibility to alter families, OS types, and tenancies when Convertible RIs are chosen.

                    Related reading: Reserved Instances 

                    Step 10: Go with the same 

                    Before choosing the cloud service provider audit the internal environment thoroughly. If you have multiple Microsoft applications, it is good to go with Azure which saves integration costs. If there is a need for a short-term compute resource, go with a “pay-as-you-go” pricing model that allows increasing or decreasing compute capacity on-demand and pay for minutes (VMs) or seconds (Container instances). Whereas, for low latency microservices, and big data processing, GCP is a better option. 

                    Final thoughts

                    The steps stated above are just a few. It is not the end of the cost optimization setup. As we discussed earlier, it is an iterative process that is to be carried out each day. 

                    Does the entire process sound so complicated? It is not when you choose CloudCADI. If you would like to know how? allow us to explain more. 

                    Dial us today!

                    Cloud Cost Optimization Cloud FinOps Cloud Resources Management

                    Cloud cost optimization – Steps to make note of – Part 1

                    Cloud cost optimization is a practice any organization should adopt to ensure they spend right on the cloud. We have discussed what are the benefits of cloud cost optimization in the past. Let’s see how to plan the same.

                    Step 1:

                    Arm them

                    Every cloud stakeholder should be armed with documents, tutorials, training, guidance, and tools to effectively handle the cloud environment. FinOps products should have the ability to provide graphical representation and reports on cloud usage. Reports should facilitate the stakeholders to dive deep into granular pod level, node level, business unit level, tag level usage, associated cost details, etc. 

                    For example, our product CloudCADI offers reports and trend charts covering parameters like

                    • CPU utilization
                    • Memory
                    • Disk Read
                    • Disk Write
                    • Storage Disk Read
                    • Storage Disk Write
                    • Network Received
                    • Network Sent
                    • Storage 

                    These reports should equip the cloud practitioners with the necessary cost information for effective decisions.

                    Step 2:

                    Herd them

                    One of the major challenges the enterprises face is cross-functional transparency. There may be two app development teams developing two different cloud-native applications without knowing that they both use different monitoring tools that satisfy the same purpose. Procurement teams go with a vendor based on the options provided by the cloud teams and better negotiation with the vendor. They have little or no interest in the usage of the tools by diverse teams.

                    It is crucial to identify these common requirements and consolidate the resources accordingly. 

                    Step 3:

                    Pivot on center

                    Cloud management is a tricky process. Cloud involves the operations team, finance team, cloud engineers, cloud architects, the procurement team, LoB managers, C-suite executives, etc. conveying a different message. Requirements vary from time to time. Organizations should have a centralized cloud cost optimization/FinOps team to mitigate the differences. Any cloud financial decision like buying new licenses, renewal, going hybrid cloud, etc., before reaching the CXO’s office should pass through the FinOps team’s scan.

                    After a thorough scanning of real needs and expectations, costs and business value mapping should be carried out. Once it is acknowledged, it should reach the decision maker’s table for approval. 

                    Related Reading: FinOps principles

                    Step 4:

                    Retire the unused

                    There are resources that secretly weigh the cloud bills. Cloud practitioners set up auto-scaling to ensure enough capacity to face the traffic demands and improved cost management. Let’s consider Azure GPU machines. For high-end remote visualization, ML, and deep learning, GPU category, N-series virtual machines are ideal.

                    They accommodate low latency, high-throughput network interface for graphics or video-intensive workloads. When the engineers miss out on calculating the right number of nodes and configure in excess, the organization ends up paying for these zombie nodes.

                    For example,

                    Azure Instance NC12 with 1XK80 GPU offering 12 vCPUs costs $1.8 per hour. Consider 10 such instances counting 120 vCPUs configured but 5 left unused. At the end of the month, you need to pay $13140 instead of $6570 to Azure midst of no accountable benefits. 

                    It is hard to identify these nodes until you address these in the line items of lengthy cloud bills. For larger organizations handling several applications, identification and mitigation go out of manual efforts. Options left with us are to manually plan and closely watch the configuration process, identify the unclaimed assets, and retire (which is not always feasible) or to go with cloud cost optimization products.  

                    Step 5:

                    Don’t let it rest

                    Cloud cost optimization is not a one-time setup to build and leave aside. It is an ongoing process that is closely associated with business productivity and growth. When the organization scale, cloud dependency increases piling up the cloud resource volume to meet the growing demands. The need for faster delivery, customer experience, rapid innovations, and competition foster organizations to less worry about the selection, allocation, tracking, and costs of the cloud workloads. Generally, they lock in with the existing cloud vendors for easier procurement and support.

                    Organizations tend to lose millions when they miss out on optimizing their new workloads along with the previous. Select a FinOps solution that runs along with your vision, each day dragging everything under one umbrella.

                    Let’s catch up with Part 2 soon. Keep optimizing. CloudCADI is with you!

                    Cloud Cost Optimization Cloud Resources Management

                    Benefits of Cloud FinOps: Top 5 Reasons Why Should You Implement Now

                     “95% of new digital workload deployment will be cloud-native by 2025 – Gartner”

                    Cloud FinOps and its benefits ahs become a recent buzz in the cloud industry. Pandemic, scalability, flexibility, and gaining a competitive edge are a few reasons which fostered the businesses to lift and shift their infrastructure to the cloud at the earliest.

                    The Cloud migration team considers various factors while planning the roadmap for the whole migration process. They invest ample time and effort in assessing all the applications, selecting the cloud providers (GCP/Azure/AWS/etc.), checking their security frameworks, compliance, and planning the cloud talent, maintenance, and support.

                    One key factor that they to miss notice is, if the bills they pay the Cloud Service Providers are only for the cloud assets the business intended and adding value.

                    Cloud FinOps is a practice that brings financial intelligence and realization of an organization’s cloud spending. This article covers the benefits of Cloud Finops and top reasons why is it quintessential.

                    What are the benefits of Cloud FinOps?

                    1. Alleviates uninformed Decisions

                    “You may be overspending on your cloud!”

                    Without proper monitoring of cloud resources spending, costly business decisions are less clear and can have negative or suboptimal business impacts. Real-time data insights and granular reports from Cloud FinOps products allow business leaders to

                    • Compare the enterprise cloud resource utilization by time
                    • Understand business units that require more resources
                    • Get service level cloud utilization
                    • Monitor resources that are left idle or underused.

                    This accommodates LOB managers to optimize their cloud utilization with a clear understanding of the financial implications of their decisions. They take ownership of their cloud usage.

                    2. Bring Cultural Shift

                    Every cloud consumer should be able to easily obtain and understand cloud usage and spending data. Unaggregated data can make it extremely difficult for teams to clarify and implement cloud-consuming best practices. 

                    Businesses today are increasingly migrating and spending on cloud resources. While many firms may feel that they are taking the necessary precautions to understand and handle this growth, they may be doing only the bare minimum, leaving resource management teams frustrated.

                    With the adoption of Cloud FinOps, firms can now optimize their cloud consumption environment in the best conceivable way and create a culture that benefits all cloud-consuming parties.  

                    Suggested reading: How to plan an effective cloud cost optimization plan? – Explained Step by Step

                    3. Bring a unified ecosystem

                    cloud finops benefits
                    Image Source: igrandbp

                    There is an invisible complex and frustrating culture split between DevOps, IT, and Finance teams in every enterprise. Request, approval, and intimation processes differ from each other even though they all work towards a common business goal. Certain terms and jargons make no sense to the other team (ex: containers allocation, VMs count). Moreover, the finance team loses its guardrails on cloud infrastructure procurement as the cloud engineering team step into the process.

                    Cloud FinOps products aid them to stay updated on their cloud cost optimization based on their roles and responsibilities.

                    Example: Finance team can view the cost data and reports of the resources while the engineering team can view the processer utilization details.

                    This ensures smooth operations by transforming into a unified, effective, efficient ecosystem.

                    4. Empower cloud engineers

                    Engineers prefer cloud to traditional on-premise data centers as it accommodates scalable architecture, flexible design, as and when required storage allocation, etc. Applications that involve complex calculations demand more storage space. They focus more on agile, faster deployment, and bug-free delivery rather than worrying about storage space availability, computing power, and cloud resource availability.

                    This may lead to unnecessary conflicts between the engineers and the cloud management team. It has the potential to restrict the liberty of engineers to explore and innovate while the cloud management team spends on resources that add no value addition to businesses. Bringing Cloud FinOps into the operations empowers both by having clear visibility and control over the resource utilization.

                    This may lead to unnecessary conflicts between the engineers and the cloud management team. It has the potential to restrict the liberty of engineers to explore and innovate while the cloud management team spends on resources that add no value addition to businesses. Bringing Cloud FinOps into the operations empowers both by having clear visibility and control over the resource utilization.

                    5. Ensure streamlined process

                    cloud finops benefits
                    Image source: asaecenter

                    Every business has its own mission and vision. Strategies may change as per the demands and challenges we come across, but the goal is to progress in the right direction amidst all odds. Cloud adoption indeed aids businesses to stay abreast of their competitors. Neglecting the fact of cost-benefit analysis after the migration process, will let the business stay where they are and pay the same bills or more. 

                    Cloud FinOps introduce financial prudence among
                    the teams. Beyond, Cloud FinOps products like CloudCADI provide intelligent recommendations on how the cloud engineers can alter; rearrange; rebuild their resources/tools for an optimized cloud environment. This ensures streamlined business progress with contribution from everyone. 

                    Whom can you trust for your Cloud FinOps?

                    “Newfound Understanding and Growth Through CloudCADI”

                    Experience the benefits of Cloud FinOps with CloudCADI, a cloud financial management solution by Amadis Technologies, to partner with you and take hold of your cloud consumption habits while optimizing for future business growth!


                    CloudCADI’s single pane view offers simple, yet information-dense charts and graphs detailing cost, performance, and utilization of all enterprise cloud resources consumed via IaaS / SaaS / PaaS models

                    Actionable Insights

                    CloudCADI offers complete analysis and recommendations for Azure services. Recommendations are made through the analysis of multiple parameters. An average of 6% – 12% monthly savings has been achieved by our clients who have adopted and utilized CloudCADI’s features.

                    CloudCADI enables cloud consumers to be the best they can be

                    • Cloud Optimization 
                    • Performance Efficiency  
                    • Operational Excellence  
                    • Actionable Insights 
                    • Intelligent recommendations

                    Book a demo to know more about CloudCADI features and call our experts for pricing. We will show you how one solution can enable you to leverage your entire cloud resources.

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