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AWS Cost Management OverviewUNIXBusinessApplication

AWS Cost Management is #8 ranked solution in top Cloud Cost Management tools. PeerSpot users give AWS Cost Management an average rating of 8 out of 10. AWS Cost Management is most commonly compared to Nutanix Xi Beam: AWS Cost Management vs Nutanix Xi Beam. The top industry researching this solution are professionals from a computer software company, accounting for 33% of all views.
What is AWS Cost Management?

AWS Cost Management tools give you visibility into your AWS costs and usage. There are a range of AWS Cost Management tools to help you access, organize, understand, control, and optimize your costs.

AWS Cost Management was previously known as Amazon Cost Management.

Buyer's Guide

Download the Cloud Cost Management Buyer's Guide including reviews and more. Updated: January 2022

AWS Cost Management Customers
Hess, Expedia, Kelloggs, Philips, HyperTrack
AWS Cost Management Video

AWS Cost Management Reviews

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Clement Hussenot
Site Reliability Engineer at Manomano
Real User
Top 5
Good reporting helps us to budget properly, but it needs to be simpler for non-technical users
Pros and Cons
  • "All of the reporting features are very good, as they allow us to track monthly expenses and send relevant emails."
  • "We need finer-grained control over the roles and policies for users, specifying their permissions as to what they can look at."

What is our primary use case?

We have all of our virtual machines on AWS, so we use the AWS Cost Management tool to track our spending. It helps us to understand our bill.

How has it helped my organization?

This solution did not allow us to design the budget for each project internally. In any case, we have gained an understanding of the cost of common resources for each of our projects. But we are looking at different market solutions such as CloudHealth or Cloudability.

What is most valuable?

All of the reporting features are good, as they allow us to track monthly expenses.

What needs improvement?

This solution needs to be easier for non-technical people to understand their budget. Some people from Business or from Finance do not find the tool easy enough to use. By comparison, there are other tools that make it easier to involve the entire team because they are dedicated solely to the financial aspect. Essentially, I want a platform that is easily accessible by everybody in the company and that is not the case with the tools from AWS.

I would like to have a better and easier accessibility using SSO.

We need finer-grained control over the roles and policies for users, specifying their permissions as to what they can look at.

For how long have I used the solution?

We have been using the AWS Cost Management tool for two months.
It is this solution that give us trusted data.

What do I think about the stability of the solution?

This is a stable solution. It has been in development for a number of years and has matured.

What do I think about the scalability of the solution?

This is a SaaS solution and it is scalable.

How are customer service and technical support?

I have not been in touch with technical support. Instead, we rely on our in-house expertise.

Which solution did I use previously and why did I switch?

We did not use a similar solution prior to this one.

How was the initial setup?

The initial setup is time-consuming. For external Tier of solutions, we have to configure roles and policies, an s3 bucket with Costs Usage and Report (CUR) for handling all of the resources that we manage. These include read-only permission for some users and roles. In our company, we have a lot of accounts. I use Terraform to assist with this process instead of doing it all manually.

What about the implementation team?

We have three people in my team, but there is a group of up to ten people who will have to deal with FinOps issues.

What's my experience with pricing, setup cost, and licensing?

One last thing without good AWS resource tagging and compliance, It will be impossible for you to have a detailed view on costs

Which other solutions did I evaluate?

This is the de facto solution, so we did not evaluate other products before choosing it. However, we are currently searching for another solution because there are a lot of missing things that we need. For example, we want something simple that has one single point for login. We would also like something that is easier for non-technical people to use.

It would be helpful to have a feature that helps to write a budget. For example, you supply a budget of $10,000 and it will show you what you can do with that over a period of time. It would allow you to find cost-savings based on the resources that you need.

What other advice do I have?

I would rate this solution a seven out of ten.

Which deployment model are you using for this solution?

Public Cloud

If public cloud, private cloud, or hybrid cloud, which cloud provider do you use?

Amazon Web Services (AWS)
Disclosure: I am a real user, and this review is based on my own experience and opinions.
AnoopSingh
DevOps Engineer at playgmaes 24x7 pvt ltd
Real User
Top 20
Good stability and scalability but needs better cost management
Pros and Cons
  • "The stability and scalability are good."
  • "The solution needs to have its own dashboard for seeing details on it. It should be customizable as well so I have the ability to pull up the information I need to see and have it in one place for my reference. I should just be able to click and see everything I need in one step."

What is most valuable?

I think everything about the solution is fine. Overall, it's a good product.

The stability and scalability are good.

What needs improvement?

The cost management portion of the solution should be improved.

I'm not able to get the savings online and have already budgeted my current account. I need to see every single cost in a dynamic way. The main problem with the CUR is it's not able to provide me that many detailed tasks that I can provide it to my management when I am expanding the amount. That is my major problem.

The solution needs to have its own dashboard for seeing details on it. It should be customizable as well so I have the ability to pull up the information I need to see and have it in one place for my reference. I should just be able to click and see everything I need in one step.

It would be helpful if they categorized the data. The amount of data isn't small, so it would help if I could organize it to help me find the information I need.

With parenting accounts, the solution should offer the capability to enter RI.

For how long have I used the solution?

I've been working with the solution for about four years.

What do I think about the stability of the solution?

The stability of the solution is nice.

What do I think about the scalability of the solution?

The solution is very scalable. We have no problems handling that aspect of the solution.

There are about 100 people using the solution within our organization.

How are customer service and technical support?

We've had experience reaching out to technical support. They're quite fine. We haven't had any issues with them. We're happy with the level of service they provide.

Which solution did I use previously and why did I switch?

We didn't previously use any similar products. AWS Cost Management is the first solution of its kind that we are using.

How was the initial setup?

The initial setup is quite easy. It's not complex at all. Deployment is very fast. It only takes about five minutes.

I had to set up multi-accounts, however, both a parent account and then child accounts. That kind of thing was tough, to work through that part of the setup.

What other advice do I have?

Users should go for this solution if they don't need to have multi-account architecture. That's basically the only advice I have.

I'd rate the solution seven out of ten.

Which deployment model are you using for this solution?

Public Cloud
Disclosure: I am a real user, and this review is based on my own experience and opinions.
Find out what your peers are saying about Amazon, Flexera, Nutanix and others in Cloud Cost Management. Updated: January 2022.
564,599 professionals have used our research since 2012.
Central Public Administration Business Presale Manager at a comms service provider with 501-1,000 employees
Real User
Optimizing cost management with perfect technical support
Pros and Cons
  • "With the cost management tool, clients can optimize fine tuning their consumption."
  • "AWS could improve the compatibility with other products."

What is most valuable?

Normally, my customer has a solution with AWS and GCP, and they have to monitor and optimize their services. They need a cost management tool. With this tool, they can optimize their data services, so they spend less with the cloud data services. With the cost management tool, clients can optimize fine-tuning their consumption, and optimize what they spend for these services.

What needs improvement?

One area where AWS could improve is in the compatibility with other products like Cloud AD has. AWS has better documentation. Also, the user experience is very good.

For how long have I used the solution?

I've been familiar with this solution for the last year.

What do I think about the stability of the solution?

The solution is very stable.

What do I think about the scalability of the solution?

The solution is scalable, and it is usable with web browsing, so it's very simple to use.

How are customer service and support?

The technical support from AWS is perfect.

How was the initial setup?

The solution is very simple to adopt for my customers, because it is very simple. It is very useful and it is not complex to use.

What's my experience with pricing, setup cost, and licensing?

When you consider the pricing of AWS and compare the cost, you have to consider that with this tool, you can optimize your consumption. So, if you consider that minor cost of consumption, you can suggest the price of the cost management tool of the AWS or Cloud AD. During the time of the optimization, you can show the customer that is better to have it.

Which other solutions did I evaluate?

Normally, I also sell Cloud AD from VMware, and the same solution from Google Cloud, in addition to AWS. I prefer Cloud AD because it's a solution for a multi-cloud purpose, and it is transversal for different cloud solutions, and also for on-premise installation. Also, with Cloud AD, you can have a solution like Software as a Service with a management tool for every hybrid and multi-cloud installation. With Cloud AD, you can optimize and tune your consumption like AWS; but you can also optimize your on-premise installation very well, because it is natively integrated with VMware, and normally the customers have VMware installation on-premise.

What other advice do I have?

My advice is to use a solution like this because, with it, you can optimize during your consumption. You can optimize your solution and better spend your money.

I would rate AWS Cost Management an eight out of ten.

Disclosure: I am a real user, and this review is based on my own experience and opinions.
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