Send alerts when your month-to-date Amazon Web Services expenditure exceeds the custom threshold set for your monthly budget allocated to AWS in order to avoid unexpected charges on your bill. The monthly budget threshold can be defined for AWS services, tags or any combination of them, within the Cloud Conformity rule settings.
Send budget exceeding alerts to prevent unexpected expenditure within your AWS account(s)
Regular monitoring of AWS expenditure is essential. With the Budget Alerts feature you keep your AWS spending in line so that you (or your organization) can reach the desired savings goals.
Verifying your AWS expenses against a custom defined budget target will help you identify resource usage patterns that may require corrective actions. Cloud Conformity engine compares month-to-date AWS costs with your custom defined budgets and send alert notifications when these are exceeded. To enable Budget Alerts you must provide access to the S3 bucket containing your AWS Cost Allocation billing reports, which are essentially the monthly reports with your cost allocation tag sets included, i.e. CSV files that contain data about your AWS resources usage, filtered by the hour/day/month, by product and product resource, by each account within your organization or by tags that you create.
Once the billing data is analyzed by Cloud Conformity rules engine and your budgets are defined within Budget Settings page.
We will create a Billing and Cost Management dashboard for you within the Cloud Conformity account, which provides reporting, analytics, bill visualization, forecasting and other useful features so you can gain a lot of insights into your AWS account spending patterns and get all the necessary details about the opportunities that can be taken to optimise your AWS monthly costs. You can define a custom budget for the following categories: