Contender Elevate Cloud Accelerate - Cloud Cost Management

Contender's Elevate Cloud Accelerate - Cloud Cost Management is a solution within the ServiceNow platform designed to help organizations gain control over their cloud spending, optimize resource usage, and improve financial visibility across cloud environments. Here’s a concise overview of its key features and benefits:

Key Features

• Cost Visibility and Tracking Function: Provides detailed insights into cloud expenditures within AWS. Features: Dashboards and reports that show spending patterns, cost breakdowns, and financial metrics.
• Budgeting and Forecasting Function: Helps organizations set and manage budgets for AWS. Features: Budget creation, expense forecasting, and alerts for budget deviations.
• Cost Allocation and Chargeback Function: Allocates cloud costs to specific departments, projects, or teams. Features: Detailed cost allocation, chargeback models, and usage tracking.
• Cost Optimization Function: Identifies opportunities to reduce cloud spending by optimizing resource usage. Features: Recommendations for rightsizing instances, identifying unused or underutilized resources, and leveraging cost-saving options like reserved instances.
• Reporting and Analytics Function: Provides comprehensive analytics and reporting on cloud costs. Features: Customizable reports, trend analysis, and insights into cost drivers.