ManageEngine CloudSpend Launches Cloud Cost Management Capabilities for Microsoft Azure
Customers Can Now Measure, Manage and Optimize Both Cost and Resources in AWS and Azure From a Single Console
- Provides business intelligence and smart forecasting to reduce capital expenditure in AWS and Microsoft Azure for multiple accounts
- Compliments Site24x7’s AI-powered full-stack monitoring platform with cost analytics, deriving business value for every cloud computing dollar spent
- Company to showcase CloudSpend Azure at Microsoft Ignite 2022 on Oct. 12, 2022
INDIA, Chennai — October 12, 2022 — ManageEngine, the enterprise IT management division of Zoho Corpora tion, today announced the availability of CloudSpend, its cloud observability and cost optimization platform, for Microsoft Azure. Already available for AWS, the solution’s business intelligence and smart forecasting capabilit ies have evolved to address the gap between capacity planning and cost optimization for resources running in m ulti-cloud environments.
In recent years, public cloud adoption has seen exponential growth, with spending expected to reach $600 billi on in 2023. Public cloud offerings are flexible and easy to use, and with proper security, compliance and scalabil ity, businesses can achieve their goals quickly. However, cloud users often overestimate their cloud usage and provision higher thresholds for resources than needed. This leads to cloud resources being underutilized or, in some cases, never utilized.
CloudSpend targets the burgeoning costs of AWS and Azure adoption among public cloud providers. According to ManageEngine’s State of IT Management Survey Report, 35% of the businesses have adopted a multi-cloud environment, of which 63% use both AWS and Azure.
“The cloud was embraced with the primary notion of reducing capital expenditure, but it inadvertently is why or ganizations bleed cash systematically. In a cloud-native world where organizations rely on the public cloud for their digital transformation, observability and optimization are essential to streamline cloud operations and get the most of the money spent on cloud assets,” said Gibu Mathew, Vice President, Zoho Corporation.
Highlights of ManageEngine CloudSpend
CloudSpend’s notable features include:
Business units and chargebacks: With chargebacks, organizations can use native tags to make business units acc ountable and attribute tags to understand costs of different projects, departments, teams or cloud customers.
Budgets and forecasts: Businesses can define budget limits for AWS and Azure accounts and receive notificatio ns when spending exceeds the budget. CloudSpend can also give insightful forecasts based on historical data.
Resource Explorer with out-of-the-box visibility: CloudSpend has nine types of system-generated tags to slice and dice organizations’ AWS and Azure expenditures. Teams can schedule reports on different aspects, includi ng linked accounts, service types, regions and user-defined tags.
Multi-currency support: CloudSpend also supports multiple currencies, letting finance and IT teams view costs in currencies from 25 different geographic locations for various transactions.
IT automation: The solution can rightsize cloud resources via IT automation and integrate seamlessly with mult iple third-party providers to keep track of spending across vendors.
With these features and many more, CloudSpend provides financial planners, IT teams and cloud service provid ers with the key business intelligence they need to streamline their capital expenditure and scale their business es without wasting resources.
Pricing
ManageEngine CloudSpend is available for businesses of all sizes in any industry. An organization can track up to $3,000 of its monthly AWS and Azure spending for free. The paid version starts at 0.8% of an organization’s mon thly AWS and Azure bill between $3,000-$100,000 and 0.5% of its monthly spending over $100,000. To learn mo re about CloudSpend, a SaaS-based cloud cost management solution, visit https://www.manageengine.com/cloudspend/.
About ManageEngine
ManageEngine is the enterprise IT management division of Zoho Corporation. Established and emerging enterp rises—including 9 of every 10 Fortune 100 organizations—rely on ManageEngine’s real-time IT management too ls to ensure optimal performance of their IT infrastructure, including networks, servers, applications, endpoints and more. ManageEngine has offices worldwide, including the United States, the United Arab Emirates, the Neth erlands, India, Colombia, Mexico, Brazil, Singapore, Japan, China and Australia, as well as 200+ global partners to help organizations tightly align their business and IT. For more information, please visit manageengine.com, follo w the company blog and get connected on LinkedIn, Facebook and Twitter.
