Cloud Financial Management - Cost Management

Cloud Financial Management (CFM) provides a set of free solutions to help you manage cloud expenditures with dedicated tools. With CFM, cloud costs can be made more transparent and predictable. You can allocate costs more precisely, control costs more effectively, and optimize costs more conveniently.

Cloud Financial Management (CFM) provides a set of free solutions to help you manage cloud expenditures with dedicated tools. With CFM, cloud costs can be made more transparent and predictable. You can allocate costs more precisely, control costs more effectively, and optimize costs more conveniently.

Why CFM?

Transform Your Cloud Financial Management

Unlike traditional IT offerings, cloud expenditures are variable and cloud resources are scalable. Your enterprise may face great challenges, such as cost planning, accountability, cost tracking, cost optimization. To address these challenges, Huawei Cloud provides a comprehensive set of solutions to help you transform cloud financial management.

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Four Solutions to Track Expenditures and Optimize Costs

4种解决方案帮您监控费用和优化成本

Organization Planning

Leverage the Organizations service, multi-account management, enterprise project management, and tagging to efficiently plan cloud costs for E2E financial management.

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Cost Forecasting and Estimating

Use Huawei Cloud Price Calculator and cost forecasts to more accurately budget and estimate future expenditures.

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Refined Cost Tracking

Make a budget based on the cloud expenditures at whatever level of granularity you need, receive budget overrun notifications in a timely manner, and learn your latest expenditures.

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Bills and Reconciliation

Get a multi-dimensional bill overview and diverse billing reports to learn about the actual expenditures for each billing cycle in a timely manner, quickly understand bills, and perform accurate reconciliation.

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Resource Package Usage Alerts

Evaluate whether there has been any unexpected package usage to keep costs under control.

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Cost Anomaly Detection

Identify unexpected cost spikes and analyze potential causes to help you optimize costs and keep expenditures under control.

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Visualized Cost Analysis

Monitor the costs and usage of your organization through a unified view, learn cost distributions and trends, and explore the drivers of cost changes.

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Multi-Dimensional Cost Allocation

Use dedicated tools to allocate costs as planned and gain easy visibility into your costs.

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Shared Cost Splitting

Define cost categories to fairly allocate shared costs among teams or business departments so that they can be held accountable for their own expenditures, avoiding any waste.

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Selecting Appropriate Billing Mode

Choose the billing mode best suited to your enterprise needs. There are pay-per-use, yearly/monthly, resource packages, reserved instances, savings plans, and spot pricing options to choose from.

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Optimizing Your Billing Modes

Take advantages of recommendations pointing out where you can change billing modes from pay-per-use to yearly/monthly or Savings Plans to help you reduce costs.

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Identifying Idle Resources

Take advantage of recommendations to reduce costs by identifying and rightsizing idle resources, such as idle cloud servers.

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Tools for Cloud Financial Management

Solution 这是表头简介	Tool 这是表头简介	Application Scenario 这是表头简介3
Cost Planning	Price Calculator	Estimating the cost of migrating any combination of new services to the cloud
	Cost and usage forecasting	Forecasting the future expenditures of installed base services
	Multi-account management	Isolating resources and costs for accounts created by large enterprises and group companies
	Enterprise projects	Grouping costs based on the organizational structure of small- or medium-sized enterprises which may use individual accounts
	Cost tags	Grouping costs in a fine-grained, more flexible manner, with multiple dimensions supported
	Budget management (budget reports included)	Budgeting or tracking cloud expenditures at different granularities, receiving budget overrun notifications in a timely manner, and regularly learning your latest expenditures
Bill Management and Cost Control	Resource package management	Checking whether a resource package is about to be used up
	Bill management	Learning the actual expenditures for each billing cycle and performing multi-dimensional reconciliation
	Cost anomaly detection	Identifying unexpected cost spikes and reducing cost anomalies
Cost Allocation and Visualization	Cost analysis (analysis reports included)	Learning cost trends and distributions and gaining insight into the drivers of cost changes
	Cost categories	Allocating costs to meaningful categories and splitting shared costs based on your business needs
	Cost details	Learning cost allocation details
	Bill storage	Storing bill details in an OBS bucket
Cost Savings and Optimization	Optimization option of changing pay-per-use to yearly/monthly	Finding cost-savings opportunities for pay-per-use resources
	Savings Plans	Getting recommendations for purchasing savings plans
	Savings plan utilization and coverage analysis	Learning the usage of purchased savings plans
	RI utilization and coverage analysis	Learning the usage of purchased RIs
	Optimization Advisor	Identifying underutilized or idle cloud resources

Solution 这是表头简介	Tool 这是表头简介	Application Scenario 这是表头简介3
Cost Planning	Price Calculator	Estimating the cost of migrating any combination of new services to the cloud
	Cost and usage forecasting	Forecasting the future expenditures of installed base services
	Multi-account management	Isolating resources and costs for accounts created by large enterprises and group companies
	Enterprise projects	Grouping costs based on the organizational structure of small- or medium-sized enterprises which may use individual accounts
	Cost tags	Grouping costs in a fine-grained, more flexible manner, with multiple dimensions supported
	Budget management (budget reports included)	Budgeting or tracking cloud expenditures at different granularities, receiving budget overrun notifications in a timely manner, and regularly learning your latest expenditures
Bill Management and Cost Control	Resource package management	Checking whether a resource package is about to be used up
	Bill management	Learning the actual expenditures for each billing cycle and performing multi-dimensional reconciliation
	Cost anomaly detection	Identifying unexpected cost spikes and reducing cost anomalies
Cost Allocation and Visualization	Cost analysis (analysis reports included)	Learning cost trends and distributions and gaining insight into the drivers of cost changes
	Cost categories	Allocating costs to meaningful categories and splitting shared costs based on your business needs
	Cost details	Learning cost allocation details
	Bill storage	Storing bill details in an OBS bucket
Cost Savings and Optimization	Optimization option of changing pay-per-use to yearly/monthly	Finding cost-savings opportunities for pay-per-use resources
	Savings Plans	Getting recommendations for purchasing savings plans
	Savings plan utilization and coverage analysis	Learning the usage of purchased savings plans
	RI utilization and coverage analysis	Learning the usage of purchased RIs
	Optimization Advisor	Identifying underutilized or idle cloud resources

Recommended Consoles

Billing Center

Provides accounting information, invoices, contracts, renewals, unsubscriptions, and changes so you can understand your expenditures better.

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Cost Center

Provides cloud financial management so you can learn your cost trends and drivers, reduce expenditure spikes, and continuously optimize costs.

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Enterprise Center

Provides organization management so you can manage people, finance, and resources in a hierarchical organization for better IT governance.

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FAQs

Cloud Financial Management

Documentation