What is Cloud Cost Management?
Cloud cost management is the practice of monitoring, analyzing, and optimizing cloud spending to maximize value while minimizing waste. As organizations scale their AWS infrastructure and adopt multi-cloud strategies, uncontrolled cloud costs can quickly spiral out of control, with studies showing that 30-35% of cloud spend is wasted.
Effective cloud cost management combines real-time visibility, automated governance, and strategic optimization. This includes monitoring resource utilization, implementing rightsizing recommendations, optimizing reserved instance coverage, and establishing cost allocation practices. When combined with SRE practices, organizations achieve both cost efficiency and reliability.
SquareOps delivers comprehensive cloud cost management services using industry-leading FinOps methodologies. Our approach has helped organizations reduce their AWS and multi-cloud costs by 30-50%, translating to hundreds of thousands in annual savings for mid-size enterprises.
Cloud Cost Management Services
End-to-end cloud cost optimization services from visibility to governance, powered by our Atmosly FinOps platform.
Cost Analysis & Visibility
Real-time dashboards showing costs by service, team, project, and environment. Deep-dive analysis using AWS Cost Explorer and custom reporting.
Resource Rightsizing
Identify oversized EC2, RDS, and container resources. Implement rightsizing recommendations based on actual utilization patterns for up to 40% savings.
Reserved Instance Strategy
Optimize mix of Reserved Instances, Savings Plans, and Spot Instances. Analyze workload patterns to maximize coverage for predictable workloads.
Cost Governance & Policies
Implement budgets, alerts, tagging strategies, and automated actions using AWS Budgets and Cost Anomaly Detection to prevent overspending.
Automated Optimization
Auto-stop idle resources, schedule non-production environments, and implement demand-based scaling. Eliminate waste 24/7 without manual intervention.
Multi-Cloud Cost Management
Unified cost management across AWS, Azure, and GCP with consolidated reporting, cross-cloud recommendations, and vendor comparison analysis.
AWS Cost Optimization Focus Areas
Deep expertise in optimizing costs across the entire AWS service portfolio, from compute to storage to data transfer.
Compute & Containers
EC2 rightsizing, Savings Plans optimization, Spot Instance automation, EKS cluster optimization, Fargate vs EC2 analysis, and Graviton migration for 20-40% compute savings.
Database & Storage
RDS Reserved Instance optimization, Aurora Serverless v2 evaluation, S3 storage class optimization, lifecycle policies, and data archival strategies for storage cost reduction.
Networking & Data Transfer
NAT Gateway optimization, VPC endpoint implementation, CloudFront CDN strategy, cross-region transfer reduction, and PrivateLink configuration for network cost savings.
Cloud Cost Optimization Process
Our structured 5-phase approach delivers quick wins while building long-term FinOps maturity and sustainable savings.
Discovery & Baseline
Connect your AWS accounts to our Atmosly platform. Establish cost baselines, identify top spending areas, and surface immediate optimization opportunities.
Quick Wins (Week 1-4)
Eliminate obvious waste: unused EBS volumes, idle load balancers, unattached elastic IPs, oversized instances. Typically saves 15-25% in the first month.
Reserved Capacity Planning
Analyze 3-6 months of usage patterns. Implement Reserved Instances and Savings Plans strategy for predictable workloads. Target 70%+ coverage.
Governance & Automation
Implement cost policies, budgets, tagging standards, and automated optimization rules. Set up scheduled scaling and idle resource cleanup with DevOps automation.
Continuous Optimization
Ongoing monitoring, monthly reviews, and continuous improvement. Leverage Atmosly dashboards for real-time visibility and proactive optimization recommendations.
Atmosly FinOps Platform
Our proprietary FinOps platform provides real-time visibility, AI-powered recommendations, and automated cost optimization.
Atmosly consolidates your cloud inventory, tracks spending in real-time, and delivers intelligent recommendations to optimize costs across AWS, Azure, and GCP.
Unified Cloud Inventory
Complete visibility into all cloud resources across multiple accounts and regions. Track EC2, RDS, S3, Lambda, and 100+ services in one dashboard.
Real-Time Cost Dashboard
Live cost tracking with granular breakdowns by service, team, project, or environment. Custom views and alerts for budget management.
AI-Powered Recommendations
Intelligent suggestions for rightsizing, reserved instances, spot usage, and idle resource cleanup based on actual utilization patterns.
Cost Allocation & Tagging
Automated tag compliance checking, missing tag detection, and cost allocation by business unit, project, or cost center.
Budget Alerts & Anomaly Detection
Instant notifications for cost spikes, budget overruns, and unusual spending patterns. Slack, email, and webhook integrations.
Executive Cost Reports
Automated weekly and monthly reports for finance teams and executives. Trend analysis, variance reporting, and ROI tracking.
Ready to Reduce Your Cloud Costs?
Get a free cloud cost assessment and discover how much you can save with SquareOps cloud cost management services.
Cloud Cost Optimization Use Cases
Cloud cost management delivers value across industries and business models. Here's how different organizations benefit.
SaaS Companies
Optimize per-customer infrastructure costs, implement tenant-based cost allocation, rightsize resources for predictable margins, and scale efficiently as customer base grows.
E-Commerce & Retail
Handle seasonal traffic spikes cost-effectively, optimize CDN and data transfer costs, implement demand-based scaling, and reduce infrastructure costs during off-peak periods.
FinTech & Banking
Balance security compliance with cost efficiency, optimize database costs while maintaining performance SLAs, and implement cost governance across business units.
Healthcare & Life Sciences
Manage compute-intensive research workloads cost-effectively, optimize storage for large datasets, and balance HIPAA compliance requirements with cloud cost optimization.
Media & Entertainment
Optimize video transcoding and streaming costs, manage CDN spending for global content delivery, and implement cost-effective storage tiers for media assets.
