November 22, 2024

ManageEngine Simplifies Cloud Cost Management For Enterprises

Facebook
Twitter
LinkedIn
ManageEngine, a division of Zoho Corp. and a leading provider of enterprise IT management solutions announced that CloudSpend, its cloud cost management tool, has extended its support to Google Cloud Platform (GCP).
IT Support Solutions By ManageEngine-Image Credit-ManageEngine

ManageEngine, a division of Zoho Corp. and a leading provider of enterprise IT management solutions announced that CloudSpend, its cloud cost management tool, has extended its support to Google Cloud Platform (GCP).

Industry sources added that by expansion of cost optimization services to GCP, following AWS and Microsoft Azure, CloudSpend now covers the three largest public cloud computing platforms worldwide by market share, enabling enterprises with a multi-cloud setup to streamline their operational expenses.

Furthermore, CloudSpend has been enhanced with a cost anomaly detection capability, which focuses on monitoring and managing cost blind spots across multiple cloud service providers.

Srinivasa Raghavan, Director of Product Management at ManageEngine

Srinivasa Raghavan, director of product management at ManageEngine stated “ManageEngine estimates that organizations operating in a multi-cloud environment often under-utilize their cloud resources, with their cloud usage topping at 55%. At ManageEngine, we believe that CloudSpend will help businesses rise above such challenges and advance in their cloud maturity journey by offering the visibility to stay on top of their investments. This multi-cloud cost intelligence platform follows FinOps best practices and is boosted with smart forecasting features that help reduce operational expenditure. It also bridges the gap between capacity planning and cost optimization for resources running in multi-cloud setups.”

Representational Image of ManageEngine Cloud Cost Management For Enterprises Across Multi-Cloud Environments. Image Credit-By ManageEngine

Industry sources confirmed that organizations are keen on embracing not just one but multiple cloud platforms to diversify their business operations, split workloads, ensure cost-cutting and eventually enjoy success.  Consequentially, investments into public cloud adoption are expected to reach $679 billion in 2024, entailing an efficient cloud cost observability and optimization platform to maintain cloud finances.

Industry sources further added that cost anomaly detection, the newest addition to CloudSpend’s wide range of features, acts upon any cost-related anomalies at the organizational level. It identifies unexpected cost increases or resource usage that deviates significantly from the norm. It also provides insights into opaque pricing, where costs may be hidden and potentially higher than expected.

Other Key Features of ManageEngine CloudSpend

  • Business Units and chargebacks: For greater accountability across departments, CloudSpend Business Units lets organizations carry out chargebacks and implement accountability within organizations.
  • Budgeting and forecasting: Create budgets in multiple currencies through budget policies and set budgetary alerts. Understand how the cost journey takes shape with usage-based, AI-driven forecasting models.
  • Resource Explorer: Drill down costs at the resource level for in-depth cost visibility with smart tagging and get insights about spinned-off resources.

Pricing and Availability

The pricing model for CloudSpend caters to businesses of all sizes, offering free tracking of costs up to $3,000 per month of spending on GCP, AWS, and Azure cloud. The paid version starts at 1% of monthly spending above $3,000 and is available to download on both iOS and Android.

Source

Share.

RELATED POSTS

du, the leading telecom and digital services provider, today announced an innovative connectivity portfolio designed to address the digital transformation needs of government and large organisations. Image courtesy: du
du Unveils Enterprise Plus Connectivity Platform To Boost Digital Transformation
Schonning Eysturoy, Senior Director of Innovation Ecosystems, Wazoku. Image courtesy: Wazoku
Wazoku Partners with FKRA to Boost AI Innovation in UAE and GCC
(Centre) Patrick Chalhoub, Group President of Chalhoub Group, Manos Raptopoulos, President of SAP EMEA, and Marwan Zeineddine, Managing Director, SAP UAE, were joined by executives from both organizations at the signing ceremony. Image courtesy: SAP
SAP And Chalhoub Group Alliance Adopts Rise With SAP Platform
  • Capital Securities Corp
  • Asialink Finance

LATEST POSTS

Iconomi Receives Leading Crypto Asset Management Platform in both the Netherlands and the UK by International Business Magazine
Mashreq, a leading financial institution in the MENA region, proudly announces the appointment of Philip Philippides as the new CEO of Mashreq Capital. Image courtesy Mashreq
Mastercard and Fundbot, a UAE-based fintech firm specializing in supply chain financing, have announced a collaboration to accelerate business-to-business (B2B) payment flows across all industries. Image courtesy: Mastercard
Bank NXT signed a cooperation protocol with the Urban Development Fund (UDF). Image courtesy: Bank NXT