Cloud Cost Management overview
Summarize
Summary of Cloud Cost Management overview
The Cloud Cost Management overview provides a modernized, simplified interface to help you effectively monitor and optimize your cloud spending. It offers insights into your cloud resource costs over the past 30 days, highlighting key metrics such as total budget, potential savings, and a detailed spend breakdown. The overview reduces complexity and is tailored to your assigned accounts if you have the insightsowner role.
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Key Features
- Spend Analysis: Understand actual and forecasted spend, compare with previous months, and analyze spend across providers, service categories, accounts, cloud services, and purchase options.
- Budget Tracking: View total budgets relevant to your service accounts or cloud assets, including forecasted budget variance.
- Savings Insights: Identify total potential savings from unacted recommendations and actual savings from implemented optimizations.
- Spend Breakdown and Trends: Analyze monthly spend grouped by various dimensions and review top spend trends by service category, business service, cost center, and provider.
- Alerts and Recommendations: Receive actionable alerts related to billing data jobs, price sheet downloads, and failed automated jobs, as well as recommendations for cost optimization such as business hour management, reservation/saving plans, rightsizing, and identifying unused resources.
Practical Use for ServiceNow Customers
ServiceNow customers can leverage this overview to gain a clear understanding of their cloud expenditure patterns, identify cost-saving opportunities, and monitor budget adherence efficiently. The ability to drill down into monthly costs and savings by multiple categories enables informed decision-making and resource optimization.
Alerts help proactively manage billing and data integration issues, while recommendations offer concrete actions to reduce waste and improve cloud cost efficiency. Tagging environments as Production or Non Production further refines savings analysis.
What to Expect
- A user-friendly dashboard summarizing critical cloud cost metrics for the last 30 days and forecasted months.
- Customizable spend breakdowns and sorting options to focus on relevant time frames, cost types, or cloud providers.
- Insightful reports showing actual vs. potential savings to prioritize optimization efforts.
- Timely alerts to address billing or job failures that could impact cost tracking accuracy.
- Actionable recommendations enabling you to reduce costs by managing business hours, reservations, rightsizing, and eliminating unused resources.
Enhance your experience by using the modernized and user-friendly Cloud Cost Management overview. This simplified overview page helps you use the Cloud Cost Management application more effectively by reducing complexity.
- Understand how you currently spend on cloud resources or service accounts for the last 30 days.
- Gain insights into key metrics such as the total budget and potential savings for your cloud resources.
- Analyze your spend breakdown and group your results by provider, service category, service account, cloud service, or purchase option. You can also sort your results by months past such as 3, 6, 9, or 12 months, actual cost or
amortized cost, and by hiding or showing the future cost.Note:You can view the forecast grouped only by provider or service account.
- View cloud spending analytics based on provider, service category, and cloud service.
- Get information about the top spend trends that are grouped by service category, cloud service, cost center, business service, and provider.
- Understand your savings breakdown by viewing your potential and actual saving.
- Get actionable insights into your cloud resources through alerts and recommendations.
| Report | Description |
|---|---|
| Total spend this month | Actual spend on your service accounts or cloud resources for the last 30 days. The Forecasted spend this month amount displays the total future spends for all your cloud assets. The Compared to last month percentage amount shows the spend difference of the current month and last month. |
| Total budget | Total budget of your service accounts or cloud assets where the current date falls between the start date and end date of the budget. For a budget owner, the budget for only the created policies is displayed. The
Forecasted variance amount shows the budget amount based on the spend on your cloud resources, which is |
| Total potential saving | Total saving for your cloud assets based on all the recommendations that you haven't acted on. |
| Monthly spend breakdown | Monthly spend breakdown grouped by provider, service category, service account, cloud service, or purchase option. The results can be sorted by time range and cost type. Use the Show forecast toggle
switch for hiding or showing the future cost. Selecting a monthly spend breakdown bar navigates you to the Spend analytics page. For more information, see Spend analytics. |
| Report | Description |
|---|---|
| Top spend trend | Spend trend or actual cost grouped by service category, cloud service, cost center, business service, and provider. |
| Report | Description |
|---|---|
| Actual vs potential savings grouped by provider, service category, and environment | Actual vs potential savings grouped by provider, service category, and environment. Note: To view the Actual vs potential savings grouped by environment chart, you must create tag categories as Production and Non Production. For
more information about creating a tag category, see Create and update a tag category. Potential saving indicates the total spend on your cloud resources that could be optimized by the recommendations. Actual saving indicates the total savings achieved by following the recommendations to optimize your cloud resources. |
| Alert | Description |
|---|---|
| Last <provider> billing download job failed | The billing download job that downloads organizes, and stores billing data for your payer account has failed. |
| Last <provider> price sheet download job failed | The price sheet download job that download and stores price sheet data for your cloud provider has failed. |
| Scheduled jobs failed | One or more scheduled jobs, which automate processes for cloud providers have failed. |
| <Number> declined recommendations | Number of recommendations that you’ve declined, which indicates potential savings. |
| <Number> failed recommendations | Number of recommendations that have failed, which indicates potential savings for your cloud resources. |
| Recommendation | Description |
|---|---|
| All | Displays all the recommendations that Cloud Cost Management provides for your cloud assets. |
| Business hour | The Business hour recommendation helps you identify resources that are running when they should be powered off. |
| Reservation/Saving plans | The reservation and saving recommendation helps you identify resources that would save you money with reservation plans or saving plans. You can accept or decline the reservation and saving recommendation. |
| Rightsizing | The Rightsizing recommendation helps you identify the users, user groups, or locations that are wasting money by running over-provisioned or underused resources. You can schedule the rightsizing processes and specify the amount of potential rightsizing savings that triggers notifications. |
| Unused | The Unused recommendation helps you identify the unused resources. You can schedule unused machines to be powered off or terminated. |