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About
**Cloud Cost Management (CCM)** is a comprehensive solution designed to help organizations take control of their Cloud+ spending. Built with FinOps best practices at its core, CCM empowers IT, finance, and business teams to collaborate on cost management, optimization and budgeting.
**Visibility That Drives Action**
CCM provides deep insights into cloud usage and costs, enabling teams to:
- Identify waste across infrastructure and platform services by analyzing usage patterns and inefficiencies.
- Recommendations for reserved instance, savings plan, and committed use discounts.
- Pinpoint ownership of cloud resources using metadata like tags and account owners, ensuring accountability.
- Act through automated workflows that implement optimization recommendations directly into IT operations.
**Unified Dashboards**
With a unified dashboard experience, CCM delivers:
- Visualize and drill into cloud-agnostic billing data and view forecasted cloud spend.
- Apply business filters and cloud filters to all reports and dashboards.
- Understand and act on the AI spend by various business dimensions.
- Allocate costs to consuming teams with granular showback/chargeback models.
- Manage and track spend on AI services across teams, projects, and business units.
**Automation & Governance **
CCM integrates seamlessly with ServiceNow workflows to:
- Automate rightsizing, shutdowns, and policy enforcement.
- Supports budget setup, cost tracking against budgets, forecasting, anomaly detection, and spend alerts.
- Enable policy-driven governance with customizable thresholds and usage policies.
- Apply native Change Management to all optimizations, ensuring controlled and auditable actions.
- Model on-prem to cloud migrations and evaluate cost differences across providers to guide strategic decisions.
**Enterprise-Grade Compliance**
- FedRAMP-certified for public sector use.
- Built-in change management and audit trails.
- Premier member of the FinOps Foundation, aligning with industry standards.
Key Features
Cost Analytics features:
- See and drill into cloud-agnostic cost and usage data
- Apply business filters and cloud filters to all reports and dashboards
- View forecasted cloud spend
- See spend reports based on amortized spend or actual spend
Cost Optimization features:
- Rightsizing recommendations and automated actions
- Unused resources recommendations and automated actions
- Policy-based business hour scheduling with recommendations
- Recommendations on reserved instances/committed use discounts
- Native integration with change control
- Report on status of recommendations
- See who is implementing recommendations and who is not
Budgets:
- Setup budgets
- Track actual spend vs budget
- Forecasted spend vs budget
- Alerts and notifications for budgets