Cost Manager: A Comprehensive Tool for Managing Multi-Cloud Cost

Organizations are deploying various applications that run on separate cloud infrastructures, to avoid vendor lock-in for flexibility and spend optimization. Handling each cloud separately is not a better option for cloud resource management, specifically with Cloud cost management. These days, multi-cloud environments are inevitable.

Here are a few of the top challenges that enterprises experience when managing cloud costs in the multi-cloud platform:

Lack of Visibility – Many organizations are struggling due to a lack of visibility of cloud resource utilization. It’s difficult to know how much cloud resource is in use and its distribution model. When an enterprise doesn’t have a complete view of what they own, it’s nearly impossible to determine key performance metrics or understand how these tools contributed to the proper utilization of cloud resources.

Unpredictable Costs – Unpredictable cost is the biggest challenge that goes hand in hand with a lack of visibility. It’s very difficult to understand how much everything will cost monthly when your organization is not aware of how cloud-based costing is rising.

Many enterprises are facing these issues and hesitating to use the cloud. These problems can be solved with the help of Click2Cloud’s CloudBrain.

CloudBrain’s Cost Manager is an ideal cost management tool that helps enterprises to cut back on spending and simplifies the process to gain better visibility and efficiency.

Click2Cloud’s Cost Manager helps the organization to manage cloud costs depending on resource usage. It providers the facility of Billing and Optimization. Billing helps to know about the cost of Compute, Storage, Cost Trend for multi-cloud accounts, and gives the detailed invoice report of all services which includes price, usage, consumption, and amount.

Cloud cost optimization is helpful to provide the correct and efficient cloud resources to your applications. It helps with cost savings and productivity enhancement.

Cost Manager tools offer its customers with predictability, control, visibility, optimization, and the extensibility which need to maintain overall cloud costs.

An organization can easily manage the overall cloud cost depending upon the organization’s monthly and annual resource usage depending upon resource usability.

If any organization leverages budgets to ensure predictable cloud spending, then with this tool they can allocate budgets to different departments, forecast spending, and avoid leverages.

With Click2Cloud’s Cost Manager tool an organization can save overall cloud cost spends, optimization and budget management, automation, cost governance, cost visibility, cost ownership, budgets, and TCO (total cost of ownership).

Below is the illustrated diagram of the Cost Manager tool which shows a multi-cloud cost annual/ monthly spends with Overview, Details, Cost Trends, and Predictions.

This figure shows the usage budget, total budget, and estimated saving. Also, it gives an idea over expense vs budget and resource utilization.;

Fig: Click2Cloud’s Cost Manager Tool

Features of Cost Manager Tool

1. It helps users to manage and know the cost of different cloud providers depending on their resource usage.
2. It operates on cloud billing management, cloud cost information of all cloud providers and optimization, and budget management.
3. Generate detailed reports on cost trends, prediction, and cost analysis of all clouds.
4. A detailed report of multiple clouds spend helps in budget management.
5. It provides a detailed report of all the created instances on all the added cloud providers.

Advantages of Click2Cloud’s Cost Manager Tool

1. Predictability: The cost Manager tool helps businesses to properly forecast their cloud computing needs.
2. Cost Analytics: This gives a complete graphical representation over cloud spends with cloud analytics.
3. Optimize Cloud Efficiency: With the help of continuous optimization of cloud efficiency, this tool ensures the cloud investment with better decision making.
4. Cost Calculator: Provides a cost calculator for various services that can give an estimate as per business needs/budget.
5. Save Time: With predictive analysis, the cost manager saves the analysis time as it gives complete detailed reports about past usage.

Conclusion:

Click2Cloud’s Cost Manager tool with multiple features helps organizations to have a better report for their multi-cloud spending. With cost analytics, TCO, budget, and management, it provides an overall monthly and annual cloud that spends reports with simple ease. Organizations while using multi-cloud, the most important concern is cloud cost management, which is overcome by Click2Cloud’s Cost Manager Tool with its features like billing and optimization, predictive analysis, time savings, resource utilization analysis, etc.