Top 10 Cloud Cost Management Solution Companies - 2021

Cloud cost management is increasingly focusing on architectural optimization today as companies are evolving to adopt next-generation cloud services. Applications can be built through this lens, making the infrastructure highly flexible that enterprises pay only what they and their customers use.

Cloud cost management plans, forecasts, and creates a budget on the company’s spent cloud with greater accuracy and empowers engineers to see the cost impact of their work. Also, while most Software as a service (SaaS) companies are reporting lower gross margins, cloud cost management discovers company areas that can be rearchitected for increased profitability. Additionally, could cost management identifies the company’s least profitable technologies, customers, and projects within the cloud. At a financial level, it decides on adjusting the pricing structure of a company, also decommissioning some features to cut operational costs and making room for more profitable projects. Furthermore, cloud cost management calculates the effectiveness of load balancing, auto-scaling, volume discounts, and capacity reservation.

As such, the technological progressions in the arena are opening up a universe of new possibilities for cloud cost management solution providers. This implies that enterprises looking for companies providing robust cloud cost management solution providers have to choose from a plethora of options.

To make this task easier and assist industry leaders in identifying the right companies providing cloud cost management solution, CIOReview presents to you “10 Most Promising Cloud Cost Management Solution Providers - 2021.” A distinguished panel comprising CEOs, CIOs, VCs, Analysts, and the CIOReview editorial board has selected the top 10 Most Promising Cloud Cost Management Solution Providers - 2021. In our selection process, we looked at the company’s offerings, core competency, news/press releases, client testimonials, milestones, and other recognition.

    Top Cloud Cost Management Solution Companies

  • 1

    Exotanium helps enterprise companies achieve cloud optimizations and cost reductions without service interruptions. The company is dedicated to developing affordable cloud computing technology that empowers enterprises with a finer level of control over their cloud computing resources while enhancing both operational security and performance. The company's product features a combination of application containers and virtual machines with portable architecture and live migration of stateful workloads, enabling businesses to reduce cloud computing costs and increase reliability and performance

  • 2

    VAST is an Illinois-based firm that provides extensive leading-edge enterprise-level IT services and IT infrastructure and cloud management services. In the cloud space, VAST puts forth a comprehensive range of services and a platform to support enterprises on their cloud journey from end-to-end, right from the assessment and planning to migration and management. Today, VAST’s 360-degree approach to cloud migration is enabling enterprises to migrate to the cloud seamlessly. On that front, VAST’s approach starts with discovery and assessment that gathers in-depth data from the existing infrastructure of an enterprise. Leaning on that data, VAST provides a cloud readiness report to the enterprises, which guides the cloud model selection and evaluates its financial benefits, be it infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), or software-as-a-service (SaaS). Further, VAST provides an all-inclusive roadmap as well that aids in choosing the cloud environment (public, private, and/or hybrid) that best suits their business needs

  • 3

    Amazon

    Amazon

    Amazon.com, Inc. is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. AWS has a set of solutions to help you with cost management and optimization. This includes services, tools, and resources to organize and track cost and usage data, enhance control through consolidated billing and access permission, enable better planning through budgeting and forecasts, and further lower costs with resources and pricing optimizations. With AWS, customers can take control of their costs and continuously optimize their spending. AWS offers resources optimization recommendations to simplify the evaluation process so the customers can efficiently select the cost-optimized resources

  • 4

    Cloudability

    Cloudability

    Cloudability is a software vendor that offers financial management tools for monitoring and analyzing cloud computing costs. It is the pioneer and leader of the emerging FinOps market, a new practice area that brings financial accountability to the variable spend model of the cloud. With more than $9 billion in cloud spend under management, Cloudability helps hundreds of customers make timely decisions about cloud usage and master the unit economics of cloud. Venture-backed Cloudability is based in Portland, Oregon, and is a member of the FinOps Foundation

  • 5

    CloudAtlas

    CloudAtlas

    CloudAtlas accelerates application migration to Azure while maintaining Cost Control, Compliance, and Cybersecurity. CloudAtlas gives its customers the insights to make data-driven decisions, achieve their optimal cloud environment, and maximize the value of their cloud investments. CloudAtlas's cost estimation tools help the consumer identify the exact cloud service they are paying for, and the consumer has to be specific while choosing the best options available as SaaS, IaaS, or PaaS. CloudSupervisor® will guide consumers for the workable estimates, costing for rightsizing of virtual environments, and cost optimization for the underutilized resources to analyze the exact consumption of services and to optimize the cost for each subscription

  • 6

    Flexera

    Flexera

    Flexera One is a SaaS-based IT management solution designed with and for organizations with highly complex hybrid environments. It enables the identification of cloud cost savings and provides tools to automate these cost savings opportunities and helps in cloud cost optimization. Flexera One also offers a unique approach to customer's FinOps journey that enables cloud governance teams to work collaboratively with business units and cloud resource owners to identify areas of potential savings (Inform), take action on these identified areas (Optimize), and implement processes to automate these optimizations (Operate). With Flexera One, customers get a comprehensive set of cloud management capabilities designed to implement FinOps processes across their customer's entire cloud environment

  • 7

    Google

    Google

    Google LLC is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, a search engine, cloud computing, software, and hardware. Google Cloud cost management software automates the scheduling process for non-production instances. With the Google Cloud Billing block, customers can see how different teams at their organization are spending across projects, teams, and resources. It also enables the customers to understand where, when, and why teams are spending inside Google Cloud, see where credits and promotional discounts are being applied, and analyze recommendations for cutting costs

  • 8

    Harness

    Harness

    Harness Cloud Cost Management provides its clients the ability to interact and seamlessly make cloud management decisions together for everything from purchasing RIs or savings plans to assessing the impact of new policies on application performance, to tracking and eliminating unused resources. Harness Cloud Cost Management delivers intelligent cloud cost management, providing complete cost transparency across engineering and finance with robust business intelligence (BI), and the ability to reduce wasted cloud costs by up to 75% with Intelligent Cloud AutoStopping and ML-based recommendations

  • 9

    Turbonomic

    Turbonomic

    Turbonomic automatically determines the correct VM instance type for your cloud application workloads. It offers the only cloud compute optimization with IOPs-, reservation-, and discount-aware scaling. The ability to scale databases, oftentimes with zero downtime, allows the firm to take advantage of PaaS more completely. Turbonomic provides specific and automatable RI-aware compute scaling actions to increase existing RI inventory utilization. Turbonomic RI purchasing actions, which are based on observed utilization, maximize reservation-to-VM coverage to minimize costs and increase overall savings. Turbonomic AI-powered Application Resource Management simultaneously optimizes performance, compliance, and cost in real time

  • 10

    Unify Cloud

    Unify Cloud

    UnifyCloud is a cloud solution provider and managed cloud services company based in North America, focused on cloud modernization, cybersecurity, compliance, and cost control. CloudSupervisor Azure developed by this firm provides comprehensive operational cost reports and suggestions on rightsizing, VM consolidation, and recommendations in the use of resources to ensure optimal operational cost control. The Costing Dashboard helps users to know the current expenses of their subscriptions and minimizes the subscriptions cost for the better utilization of the expenses. It also provides recommendations on how to utilize the cost effectively by giving recommendations as per Azure standards