Cloudyn,
the leading solution for cloud monitoring and optimization, today announced the
general availability of Cost Allocation 360°, an industry-first tool that
offers enterprise customers complete management to track and allocate all cloud
costs. Cloudyn's Cost Allocation 360° is fully customizable, enabling
business unit and project leaders to make custom definitions of cost entities
(business units, sales regions, departments, etc.) coupled with the most
flexible and comprehensive cost category creation and tagging functionality for
effective measuring and reporting on the metrics that matter most to a
business.
Notably, Cloudyn's new tool integrates and analyzes all cloud cost information
and supports enterprise customers that maintain single, hybrid or multi-cloud
deployments running on different platforms such as AWS, Google's GCP or
Openstack environments.
Enterprises with large cloud deployments spanning multiple business units,
projects, regions, and groups are in dire need of an efficient, simple,
structured system to tag resources in order to allocate associated cloud costs.
Yet clarity into actual cloud usage continues to be a significant challenge.
Currently around 50% of cloud resources go uncategorized or are improperly
tagged or allocated.
"Here at Mi9, IT is responsible for fostering accountability among our
different teams using the AWS cloud," said Peter Du, Head of Technology
Operations & Infrastructure, Mi9. "As our reliance on the cloud increases,
so does the need for order; and we look forward to Cloudyn's Cost Allocation
360° tool to help us do just that while keeping our deployment as
cost-efficient as possible."
Key features and functionality of Cloudyn's Cost Allocation 360° include:
- Cost Modeling
- enables
easy, rapid cost allocation modeling for different views of cost
distribution, allowing enterprise customers to apply flexible business
rules to attribute costs of previously untaggable resources (i.e.:
DynamoDB, Data Transfer, Reserved Instances, Support, etc.) for comprehensive
chargebacks.
- Tag Auto Detection/Derived Tagging - automatically detects and attributes untagged resources
to the correct category, i.e. untagged EBS volumes will by tagged by their
EC2 instances. This relieves management from the cumbersome, time-intensive,
manual effort required with existing cloud analytic tools in order to
achieve accurate reporting.
- Tag Manager -
brings order to unorganized cloud resources by supporting the creation of
unique categories that better map to department nomenclature or numbering
for effective measuring and reporting. Further, with the ability to manage
and tag categories, across multiple cloud deployments, customers can
easily regulate and normalize inconsistent tagging.
- Rich, Multi-dimensional Reporting - provides Finance and IT managers with unprecedented
insights into cloud costs, so they can easily associate deployment
expenses with business units, departments, and regions. Business leaders
can easily add categories and flexibly customize reports to garner
meaningful information for improved decision-making.
Cloudyn's Cost Allocation 360° tracks all
cloud-related costs and enables easy re-tagging, category consolidation and
creation of business rules for precise handling of shared resources and any
uncategorized cloud consumption. For example, many enterprises have different
policies for handling reserved instances (RIs). Cloudyn's tool provides an
option to specify how each RI's upfront cost as well as cost-savings should be
distributed among various business units, projects and locations.
"We're thrilled to provide our customers with an invaluable tool that delivers
cloud veterans greater time-savings and control over their cloud deployments
and, as a complement to our flagship optimization tool, brings significant
cost-savings to the table. This industry-first tool we've introduced
underscores our commitment to supporting our customers' needs and reflects our
leadership in continually raising the industry standard around cloud
optimization," stated Sharon Wagner, CEO of Cloudyn.
Free, Limited Time-Based Trial
Available immediately, Cloudyn's Cost Allocation 360° is available for a
limited time, free trial. Interested parties can sign up here:
http://www.cloudyn.com/cost-allocation-360/.