Whether you’re a new student, thriving startup, or the largest enterprise, you have financial constraints, and you need to know what you’re spending, where, and how to plan for the future. Nobody wants a surprise when it comes to the bill, and this is where Azure Cost Management + Billing comes in.
We’re always looking for ways to learn more about your challenges and how Azure Cost Management + Billing can help you better understand where you’re accruing costs in the cloud, identify and prevent bad spending patterns, and optimize costs to empower you to do more with less. Here are a few of the latest improvements and updates based on your feedback:
- Simplify financial reporting with cost allocation, now in preview.
- Connector for AWS is now generally available.
- Get pay-as-you-go rates for all Azure products and services.
- What’s new in Cost Management Labs.
- Expanded availability of resource tags in cost reporting.
- 15 ways to optimize your Azure costs.
- New ways to save money with Azure.
- Upcoming changes to Azure usage data.
- Documentation updates.
Let’s dig into the details.
Simplify financial reporting with cost allocation, now in preview
Managing cloud costs can be challenging, especially if your organization needs to break down costs for an internal chargeback. You might have separate business units, or you might need to facilitate external billing for distinct customer solutions. This becomes even more difficult when you employ shared services to reduce costs, since there may not be a clear way to break those shared services down by business unit or customer. This is where the Azure Cost Management + Billing cost allocation preview for Enterprise Agreement (EA) and Microsoft Customer Agreement (MCA) accounts comes in.
Cost allocation is the process of breaking down and distributing shared costs. A couple examples of this are networking infrastructure, shared by multiple virtual machines, or shared databases or storage accounts, used by different teams or customers. If you’re sharing services across business units or customers, take a look at how cost allocation can help you drive more accountability and streamline cost reporting within your organization.
Learn more about the cost allocation preview and let us know what you’d like to see next.
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