Cloud Cost Management Services
Guaranteed 20% or more annual savings on your AWS or Azure Invoice.
No impact to your business. No sacrifice to your users. No changes to your service agreements.
Convergency’s Money-Back Guarantee
Convergency guarantees to save your organization 20% or more on your AWS or Azure invoice with no impact to your business, no sacrifice to your users and no changes to your AWS or Azure support agreement. If Convergency cannot lower your invoice, you will not incur any service fees.
Why a Cloud Cost Management Service?
Today’s organizations do not have enough time to be able to manage their cloud costs. In addition, there is no central role to make decisions. The Infrastructure Managers may not have visibility into consumption metrics or costs. The System Owner may not have enough knowledge of business usage patterns or cloud optimization techniques. And, the Infrastructure Support Team does not have information to be able to act. What’s worse is a shared responsibility – often leading to no action being taken. Meanwhile, costs continue to rise, inefficiencies proliferate, and profitability suffers.
Benefits of Convergency’s Cloud Cost Management Service
- 40% savings on Amazon S3 storage costs. A $157,000 savings per year.
- 22% savings on Amazon Workspaces. A $34,400 savings per year.
- 35% savings on Amazon EC2 instances (virtual machines). A $129,800 savings per year.
- 26% savings on Azure Virtual Machines. A $79,300 savings per year.
- 35% savings on Azure Storage. A $43,200 savings per year.
•A Planned Approach. Our team will assess your costs, identify opportunities, make informed decisions on where to reduce costs, take action to lower your costs and sustain those cost cuts.
• Knowledge. Convergency’s stays current with the latest AWS and Azure compute and storage offerings and feature sets as well as pricing models.
- Our team has implemented dozens of costs savings strategies in 2022. Convergency reduced costs on over 700 virtual machines, 1,100 storage accounts/buckets and 500 virtual desktops.
- Our clients span the Americas, Europe, and Asia. We are known for our ability to make good decisions and sustain lowered cloud costs.
Frequently Asked Questions
Have a question? Our team of experts has answers. If you don’t see what you’re looking for, reach out to us, and we’ll find you the information you need to move forward with confidence.
What is Cloud Cost Management?
Cloud cost management, also known as cloud cost optimization, is an organizational planning activity that includes assessing and managing cloud costs and the business needs associated with the cloud technology. Specifically, this means finding cost-effective ways to maximize cloud utilization and efficiency.
As cloud infrastructure pricing models become more complex, cloud costs become more difficult to assess. The “pay for what you provision” model used by AWS and Azure makes it more difficult. When usage is measured and managed appropriately, an effective cost management strategy will result in significant savings; without the right knowledge and oversight, costs will spiral out of control. This becomes more of an issue in organizations that decentralize decision making, often to the point where there is little or no accountability. It becomes difficult for organizations to keep their cloud costs down.
Not all cloud costs are obvious. Cloud costs can include:
- Network traffic
Cloud costs are affected by:
An effective cloud cost management strategy accounts for all these factors.
Why Cloud Cost Management?
There are 3 main factors to consider with cloud cost management. First, the information that is needed to make sound cost decisions is not easy to find and not well known. Cloud costs and pricing models are constantly changing. As cloud technology matures, cloud providers pass along savings, but do not always make this information readily available. Yet, this information is valuable to be able to make good cloud cost decisions.
Second, businesses are often highly decentralized with little to no direct decision-making and limited visibility into expenses. It is not uncommon for organizations to make cloud cost decisions once and to simply renew each year. Often, teams have little time to follow-up to evaluate earlier decisions and pivot accordingly. These decisions do not take into consideration newer technology, newer pricing models and cost optimization options.
Finally, for businesses that deploy multi-cloud environments, practicing effective cloud cost management activities takes the costs of each of the cloud providers into account. With a better understanding of costs and usage, a business can more effectively enforce accountability across the company and improve the performance and efficiency of its cloud technology.
What are the 4 Advantages of Cloud Cost Management?
- Cost Savings: This is the most obvious benefit of cloud cost management. Businesses that proactively plan for cloud costs avoid overspending on unused resources and take advantage of discounts through committed spend or advance payment.
- Predictability: A business that adequately forecasts its cloud computing needs will not be surprised by sudden cost increases.
- Effective Performance: Overprovisioning means overpaying; under provisioning can cause performance problems - but with proper planning, businesses ensure reliable performance at predictable costs.
- Visibility: Daily monitoring is essential to maintaining budget control. Configure budgets and alerts to monitor cloud costs.
Is Cloud Cost Management an issue for business?
In this economy, every dollar counts. Costs are being reviewed by every executive. As business look for opportunities to get things done, the first thing to change is to reduce costs. Cloud spending is no different. Any excess spend is considered waste. There is no opportunity for unexpected spike in costs, overpaying for unused resources, and inadequate performance.
Cloud Cost Management Strategies
There are several strategies businesses can use to manage cloud costs:
• Right-sizing: Ensure that the cloud instances you are the right fit for your organization’s needs.
• Scaling: Scale up resources when needed and scale down when not needed; avoid planning for maximum utilization at all times.
• Automated Startup/Shutdown: Not all instances need to run 24x7. Scheduling non-essential instances to shut down overnight or on weekends can be a very cost-effective approach.
• Remove unused instances: If you’re not using an instance, there’s no need to keep it around, let alone pay for it.
• Discount instances: For non-critical workloads, deploying discount instances can result in a significant cost savings.
• Organizational strategies: Configure budget alerts and controls to assess cloud cost management.
The Purpose of Cloud Cost Management
Cloud cost management helps businesses avoid wasting money, helps control their spending and maximizes their cloud resources. Cloud cost management is not just about saving money but spending money wisely. By making cloud cost management a priority, a business can control its costs and ensure it has the cloud resources it needs to stay competitive.
Cloud cost management practices support other business objectives, such as governance and security. By periodically terminating unused resources, businesses practice good security. By periodically measuring usage against business needs, businesses practice good governance. Cloud cost management helps businesses reduce waste and forecast both their costs and their resource needs.
Cloud Cost Management Next Steps
Learn more about how Convergency’s Cloud Cost Management Solution can help your business save 20% or more on your cloud costs, above and beyond the discounts available from your cloud provider.
Compelling reasons why customers choose Convergency for Cloud Cost Management:
- Convergency's Cloud subject matter experts, such as Convergency, make it a practice to keep up with cloud costs.
- Convergency fills the gap by providing effective cloud cost decision-making, direction, and sustainment.