AWS Cost Management OverviewUNIXBusinessApplication

AWS Cost Management is the #9 ranked solution in top Cloud Cost Management tools. PeerSpot users give AWS Cost Management an average rating of 8.4 out of 10. AWS Cost Management is most commonly compared to IBM Turbonomic: AWS Cost Management vs IBM Turbonomic. AWS Cost Management is popular among the large enterprise segment, accounting for 61% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a manufacturing company, accounting for 16% of all views.
Buyer's Guide

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

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.

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

Archived AWS Cost Management Reviews (more than two years old)

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Clement Hussenot - PeerSpot reviewer
Site Reliability Engineer at Manomano
Real User
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.

Buyer's Guide
Cloud Cost Management
November 2022
Find out what your peers are saying about Amazon, IBM, Nutanix and others in Cloud Cost Management. Updated: November 2022.
655,994 professionals have used our research since 2012.

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 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.
PeerSpot user
DevOps Engineer at a computer software company with 201-500 employees
Real User
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.
PeerSpot user
Buyer's Guide
Cloud Cost Management
November 2022
Find out what your peers are saying about Amazon, IBM, Nutanix and others in Cloud Cost Management. Updated: November 2022.
655,994 professionals have used our research since 2012.
Solutions Architect at a tech services company with 1,001-5,000 employees
Real User
Well organized, stable, and easy to set up
Pros and Cons
  • "The initial setup was straightforward. It's not complex at all."
  • "The solution needs to improve the communication mechanism available to the stakeholders."

What is most valuable?

The solution gives access to retail information about the AWS Cost and view stages and their organization of the information is great. The tutorials on the owning of the SaaS approach are very good; they understand the underlying approach, costs, and trends. 

The solution is really organized. It's one thing I really like about it.

What needs improvement?

The cost of the solution could be improved.

The solution needs to improve the communication mechanism available to the stakeholders. 

They could expand a little in places that check on the cost explorer. Virtualization and other similar features should be more flexible on the dashboard. 

The dashboard could use improvement. It would be better if there was color coding that you can adjust, for example.

For how long have I used the solution?

I've been using the solution for two years.

What do I think about the stability of the solution?

The stability of the solution is good. I've never had issues with it.

What do I think about the scalability of the solution?

The scalability of the solution depends on the load. It allows for horizontal and vertical scaling. All non-partial requirements are pretty broad for the solution. Right now, eight people are on it. They're all directors.

How are customer service and technical support?

Technical support for AWS is perfect.

How was the initial setup?

The initial setup was straightforward. It's not complex at all.

What other advice do I have?

We largely work with the cloud deployment model.

I'd recommend the solution and I'd encourage others to go for it. You don't need to do planning. They're very helpful.

I'd rate the solution nine out of ten.

Disclosure: I am a real user, and this review is based on my own experience and opinions.
PeerSpot user
Head of Strategy and Architecture at RedM Professional Services
Real User
It helps us to manage our costs, but in the future I would like to see more automization
Pros and Cons
  • "The initial setup wasn't complex at all."
  • "This program is not very scalable."

What is our primary use case?

Our primary use case for AWS Cost Management is to manage costs. One of the financial institutes that we assisted once, incurred a 40-45 million dollar pay quarter on data center costs and moving into Azure. AWS Cost Management brought that down to $45 million for an entire year. 

What is most valuable?

It is one of the oldest templates on cloud. They shape it to fit any implementation requirement, so you could almost have a template for absolutely anything that you have on-premises that you want to move into the cloud.

Our specialization is optimization. So we optimize the infrastructure before it moves into the cloud so that the deployment in the cloud is okay. If you use the wrong template, AWS will charge you more, or for a bigger workload than it does for on-premises. And that's why we use it on-premises.

What needs improvement?

What Amazon is trying to do, is to put everything into their cloud and show the customer costs. I suppose that's a good sales pitch, but I don't believe that a single cloud provider can do it for every customer. I think that, with Microsoft being so prevalent in the market, they have a space and their cost management model is much more effective.

For example, I don't believe Amazon's version of SQL is very efficient. So they can definitely beef up.

For how long have I used the solution?

I have been using AWS Cost Management for two years now.

What do I think about the scalability of the solution?

This program is not very scalable.

How are customer service and technical support?

We do our own technical support, because we've got all the skills. All our guys are certified technicians. 

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

We've used a solution called vROps. We used it for determining what our workloads were and so on. But the problem with vROps is that, when you start using it in an enterprise mode, it becomes hellishly expensive to run in major enterprises. That is why we changed over to AWS Cost Management.

How was the initial setup?

The initial setup wasn't complex at all. They make the ability to show the cost on cloud solutions very, very easy. They use a tool that I don't believe is very effective because what they do, is to do a workload analysis of the on-prem cloud solutions. And then this tool is meant to determine what workloads are running where and if they're running efficiently and so on. I don't believe that to be very efficient. But that's what they do.

What other advice do I have?

Cloud solutions exist because of costs and efficiency optimization. Those are the key parameters for going to the top, otherwise you just have it on-premises and carry on running it the way you are.

Being able to do absolutely every part of the technology from your disaster recovery solution to your backup, to your cloud adoption, the cloud integration, your application integration is a service. So everything is done as a service. It's a more cost effective way of informing and telling the business how they manage their costs or their money.

My advice to others looking into implementing this solution, would be to go for it. They should bite the bullet at the beginning and spend the money, because it will help the organization in managing that cost for adoption for the entire lifetime of that cloud solution.

An additional feature that I would you like to see included in the next release, is automation. Part of what cost management is to determine the best way to use a solution, a cloud or a workload. Those workloads have the storage association. They have CPU association and they have computer association. What AWS Cost Management needs, is a backend into an optimization tool that can automatically manage your resources so that you don't over-spend on resources.

My rating for this solution would be a six out of ten.

Which deployment model are you using for this solution?

On-premises

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.
PeerSpot user
Buyer's Guide
Download our free Cloud Cost Management Report and find out what your peers are saying about Amazon, IBM, Nutanix, and more!
Updated: November 2022
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Cloud Cost Management
Buyer's Guide
Download our free Cloud Cost Management Report and find out what your peers are saying about Amazon, IBM, Nutanix, and more!