This is where an efficient and reliable cloud cost optimization service steps in. They help streamline your cloud costs and ensure that your core cloud operations are going smoothly and are within the budget scope.
Why is Cloud Billing So Complex?
The complexity of cloud billing originates from the varying cost structures of the cloud services used. Such differences are likely to happen due to the resource utilization metrics, which are different across several cloud providers like AWS, Azure, and GCP.
The interpretation of cloud billing is, thus, an extensive task that requires effort, which downsides operational timings. AWS billing might include everything in a very detailed format and present all the key information easily.
However, for Azure, the billing is calculated on the basis of virtual machines, databases, and additional services. On the other hand, a GCP billing system provides the information in a pay-as-you-go model. Such a model fluctuates from one month to another. Therefore, the stable way to manage and interpret such bills is extremely time-consuming.
As a business, you cannot lose both time and money at the same time. This is where a cloud cost optimization service helps manage billing and enables your business to do what it does best!
Common Challenges of Cloud Billing
In this section, we will discuss the primary problems or rather challenges that clients face while processing cloud bills. Some key challenges reported are:
- Department-wise Cost Allocation and Budgeting
It is very difficult for a person to understand raw billing data and allocate costs to departments. The system becomes even more challenging when the costs are project-specific, and multiple projects are running.
- Multi-Cloud Management
If your organization is using multiple cloud platforms, then cloud billing becomes even more complex. It is necessary to segment the cloud usage data and understand cloud billing. However, with a cloud bill, you cannot efficiently verify the cloud resources used by a system.
- Errors in Billings and Usage Discrepancies
With huge cloud costs, there are options for multiple discounts, but applying the wrong discount might hamper cost allocation. Additionally, if the billing shows wrong tracking data or consumption information, it will bleed out more funds from the company.
- Manual Billing Efforts
Manually calculating and allocating costs is one of the most time-consuming methods of operation. It is expected that automated cloud cost-tracking efforts will seem reliable. This will provide them with greater cloud cost savings and help automate the bill generation process.
Are you looking to address these issues promptly and ensure greater cloud savings? Kindly read through the below section to gather insights.
How CloudPi Simplifies Your Billing?
CloudPi is a comprehensive billing solution that offers automated cloud cost tracking and analysis. It eliminates the need for manual work associated with billing calculations, starting from AWS, Azure, and GCP. Some ways the CloudPi helps in simplifying your cloud billing are as follows:
1. Unified Dashboard for Cloud Billing Management
CloudPi (Billing Platform) provides a single and unified dashboard that helps you view all your cloud costs in a single place. Apart from that, it also helps in cloud billing simplification and allows cost comparison and better visibility into your cloud bills. Additionally, the dashboard also helps you in:
- Check real-time usage and monitor cloud costs
- Provide a detailed breakdown of the cloud costs
- Enable a detailed insight into the cross-cloud allocation.
It will allow multiple users and systems to combine and perform the tasks.
2. Automated Cost Tracking
Cloud billing was never so easy with the automated cost tracking feature, thanks to CloudPi. With CloudPi (Billing Platform), you can remove the hassle of automatically gathering and consolidating data from your AWS, Azure, and GCP billing statements. This enables your business to get detailed cost tracking and make sure to track their spending. Besides, with CloudPi, you can also get the following: n
- Custom Alerts
- Cost forecasting
- Usage Optimizations and suggestions
- Chargebacks (ideal for multi-cloud companies to notify excessive usage of cloud by a particular department)
No matter if you have trouble with Azure billing or AWS-related cost problems, CloudPi is always available!
3. AWS, Azure and GCP Billing Made Simpler
Here are some of the key ways in which CloudPi helps in streamlining the billing process:
Conclusion
As businesses rely mostly on cloud platforms for their business, it is essential to understand cloud billing. With CloudPi, you can ensure that you are efficiently managing cloud costs, regardless of the platform’s complexity.
Ideally, with CloudPi, you can automate cloud cost management and focus on business growth, whereas we enable cloud cost monitoring.
