AWS Billing and Cost Management
AWS Billing and Cost Management provides a suite of tools to simplify cloud spending and billing. It’s organized into three main areas: billing, cost management, and Savings.
AWS Billing focuses on payment automation, making it easier to manage invoices and streamline payment processes. Meanwhile, AWS Cost Management helps optimize resource allocation, aiming to maximize the value of your cloud investment by minimizing unnecessary expenses. Usage reports enhance visibility, offering detailed insights into your cloud resource consumption.
Together, these features help you control and optimize AWS spending effectively.
line
What is the AWS Billing Console?
The AWS Billing Console is a feature within the AWS Billing and Cost Management console that enables users to view monthly charges, manage invoices, and customize billing preferences for tax and payment options.
- Bills: Download invoices and detailed billing data to understand charges.
- Purchase Orders: Create and manage orders to align with organizational procurement.
- Payments: Track outstanding balances and payment history.
- Payment Profiles: Set up different payment methods for various AWS providers or departments.
- Credits: Monitor balances and select where to apply for credits.
- Billing Preferences: Opt for emailed invoices, and manage credit sharing, alerts, and discounts.
AWS Cost Management
Features of AWS Cost Management
- AWS Cost Explorer: Analyze your cloud spending with detailed dashboards and reports, including Reserved Instances and historical trends for future forecasts.
- AWS Cost Anomaly Detection: Detect unusual cloud usage early with AI-powered monitoring that notifies you of potential overspending.
- AWS Budgets: Set and track cloud budgets, and get alerts or actions when thresholds are reached.
- AWS Savings Plans: Save up to 70% by committing to reserved compute capacity.
- Right-Sizing Recommendations: Optimize resources by identifying underused instances, reducing costs.
Savings and Commitments
AWS Billing and Cost Management also helps lower your AWS bill by optimizing resource use and applying flexible pricing models.
- AWS Cost Optimization Hub: Discover savings opportunities with custom recommendations, like deleting unused resources, rightsizing, and leveraging Savings Plans or reservations.
- Savings Plans: Access discounted rates over on-demand pricing through flexible plans. Manage inventory, review purchase suggestions, and monitor usage.
- Reservations: Reserve capacity for services like EC2, RDS, Redshift, and DynamoDB at reduced rates, ideal for predictable workloads.
How CloudKeeper can help in AWS Billing and Cost Management
CloudKeeper helps companies effectively manage AWS billing and cost management and optimize cloud costs by offering tools and services designed for cost efficiency.
As an AWS Billing Partner and AWS Premier Partner, CloudKeeper AZ offers cloud cost savings, visibility, and expert support - all in one place! We help you access best-in-market discounts at no cost, lock-in, or commitment by leveraging the power of group buying, the scale of spend aggregation, and volume-based discounts.
On top of it, we provide a comprehensive cloud cost visibility platform and proactive support acting as a cloud cost management vertical for your business.
CloudKeeper’s cloud cost visibility platform CloudKeeper Lens provides granular-level visibility into billing and cost utilization with features such as hourly dashboards, RI & Savings Plan Utilization, EC2 & S3 Breakup, EKS cost tracking, Daily Breakup Heatmap, anomaly detection, and more, making it easy for businesses to track spending, understand cost trends, and implement cost-saving commitments.
Our 24*7 Cloud Support and Expert Guidance can take care of all your cloud needs & challenges! With CloudKeeper, companies gain access to hidden savings insights & opportunities, automated rightsizing recommendations, removal of unused resources, and RI/Savings Plan management. This streamlined approach supports budget and cloud cost management, ensuring companies maximize value from their AWS investment.
Take the first step toward effortless AWS billing and cost management — book a call with us today.
