Tackling Rapid Expansion with Cloud Financial Management:
A Case Study of Managing Unknown Services on AWS
As businesses rapidly expand, managing their cloud expenses becomes increasingly complex.
Introduction:
As businesses rapidly expand, managing their cloud expenses becomes increasingly complex. Our client, a fast-growing software development company, faced a similar challenge. They were struggling to keep track of their cloud expenses as they rapidly expanded their operations and services on AWS. They needed a solution that would help them manage their cloud expenses effectively and efficiently. To tackle this challenge, we recommended using AWS Cloud Financial Management services.
Solution:
The solution we proposed for our client consisted of several AWS services, including AWS Cost Explorer, AWS Budgets, AWS Trusted Advisor, and AWS Organizations.
Cost Management:
The first step was to gain visibility into the client’s cloud costs. We used AWS Cost Explorer to analyze the client’s AWS spending and identify areas where costs could be reduced. AWS Cost Explorer is a cost management tool that allows users to view, analyze, and manage their AWS costs.
Budget Management:
Once we had visibility into the client’s cloud costs, we used AWS Budgets to set budgets and alerts to monitor spending. AWS Budgets is a cost management tool that allows users to set custom budgets and receive alerts when their spending exceeds predefined thresholds.
Trusted Advisor:
To ensure that the client was utilizing AWS services in the most cost-effective way possible, we used AWS Trusted Advisor. AWS Trusted Advisor is a cloud optimization tool that provides recommendations on cost optimization, security, and performance.
Organization Management:
As the client rapidly expanded their operations, managing their AWS accounts became increasingly complex. We used AWS Organizations to manage the client’s AWS accounts centrally. AWS Organizations is a management tool that allows users to consolidate multiple AWS accounts into a single organization, providing central governance and management.
Results:
The solution we implemented for our client has resulted in several benefits, including:
- Improved Cost Management: The platform has provided the client with a clear view of their AWS spending, allowing them to identify areas where costs could be reduced.
- Enhanced Cost Optimization: The platform has enabled the client to optimize their AWS usage and reduce costs, resulting in significant savings.
- Scalability: The platform is scalable, which has allowed the client to easily add new services and applications as their business grows.
- Improved Governance and Management: The platform has provided the client with central governance and management, allowing them to manage their AWS accounts more efficiently and effectively.
Conclusion:
AWS Cloud Financial Management services have provided our client with a scalable, efficient, and effective platform for managing their cloud expenses. The platform has enabled the client to optimize their AWS usage, reduce costs, and manage their accounts more efficiently. The use of AWS services has also allowed the client to focus on their core business functions while leaving the technical details to us. Overall, the platform has been a success, and we are proud to have helped our client achieve their business objectives.
