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CloudHealth has announced a significant expansion of its AWS Savings Plan capabilities with the general release of several new tools that help drive better business outcomes through the entire lifecycle of Savings Plans management.
AWS launched Savings Plans in late 2019 to give businesses an alternative to Reserved Instances to save money on their AWS spending. CloudHealth incorporated Savings Plans into its cloud cost optimization and governance platform, initially providing customers with Cost History Reports to provide information on costs as they are incurred or over the life of the Savings Plan. Usage Reports gave customers insights into where Savings Plans had been applied to show how much compute usage was covered by the Savings Plan discounts.
Convertible Reservation Exchanger was introduced to allow businesses to get the most out of their existing Reserved Instances before taking advantage of Savings Plans, and the company established a Strategic Savings Desk staffed by AWS experts to help customers with Savings Plans and discount management.
Now new tools have been released to help companies determine which of the six Compute Savings Plan purchase options is best option for their business, along with the different trade offs with each of the 6 options. Those trade-offs can be quickly and easily compared on a single screen.
It is now possible to set specific KPIs for savings, spend, or coverage, and view which of the recommendations best meets those requirements, and analyses can be exported into a CSV output for further evaluation.
After comparing the various options, Savings Plans can now be purchased directly through the CloudHealth platform, without having to go to AWS.
Cost, usage and performance data can be presented in various groupings to show the units, teams, and projects that have received the benefit of the Savings Plan and the impact of Savings Plan discounts on KPIs can be easily evaluated. The new tools make it much easier to plan and forecast future purchases of Savings Plans.
Data can also be easily shared with relevant stakeholders, with customizable reports generated for each individual stakeholder showing the data they need. The reports show how Savings Plans have impacted business goals, custom dashboards can be easily built, and it is possible to subscribe to regular updates and receive new reports via email.