Best Cloud Cost Management Software

Cloud cost management software helps companies control their cloud services-related spending by monitoring a company’s resource usage and computing demands. These tools are typically paired with an infrastructure as a service (IaaS) software offering to minimize the costs of their pay-as-you-go model. Cloud cost management software helps companies reduce waste by alerting users of lowered demand or automatically scaling usage to optimal rates. Companies also use these tools to increase the efficiency of their cloud service usage; cloud cost management solutions often provide reporting features to outline waste and redundancies. Cloud cost management software has some overlap with SaaS spend management software, but the latter is used to monitor and manage spending on cloud applications rather than cloud infrastructure.

To qualify for inclusion in the Cloud Cost Management category, a product must:

  • Monitor cloud infrastructure usage
  • Track spending as it relates to resource usage
  • Identify areas to save by reducing resource usage
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    Amazon CloudWatch is a monitoring service for AWS cloud resources and the applications you run on AWS.


    AWS Cost Explorer lets you dive deeper into your cost and usage data to identify trends, pinpoint cost drivers, and detect anomalies, completely free of charge.


    AWS Budgets gives you the ability to set custom budgets that alert you when your costs or usage exceed (or are forecasted to exceed) your budgeted amount.


    Azure Cost Management is a multi-cloud cost management solution that helps you best utilize and manage Azure and other cloud resources. It allows you to track cloud usage and expenditures for your Azure resources and other cloud providers including AWS and Google.


    Cloudability offers cloud cost managment, optimization and efficiency tools. It is designed to collect and store all user's cloud bills and AWS usage data, then organizes it into simple, customizable reports users can share.


    Beam is a multi-cloud optimization service delivered alongside Nutanix Enterprise Cloud OS, offering a unified, agile solution to the challenges of multi-cloud planning, resource management, and unexpected cloud cost leaks. Beam provides cloud cost analytics, centralized cost governance, intelligent consumption planning, and security compliance to automate cloud health checks and reduce the strain of time-consuming cloud management. By providing deep visibility and rich analytics into cloud spend patterns, companies are able to set policies to continuously maintain high levels of cloud cost efficiency. Beam utilizes machine intelligence to offer personalized purchase recommendations based on usage and growth patterns, resulting in improved cloud ROI. To ensure cloud compliance, Beam delivers 250+ security checks that identify security vulnerabilities in real-time, allowing businesses to resolve potential threats before they become concerns. With one-click remediation and round-the-clock security, Beam simplifies and reduces time spent overseeing the cloud, allowing users to prioritize innovation.


    ParkMyCloud is a simple, single-purpose SaaS tool that connects to AWS, Azure, Google Cloud Platform, and Alibaba Cloud and enables users to automatically schedule on/off times for their idle servers, saving 65% or more -- think “Nest for the Cloud”.


    VMware vRealize Business for Cloud automates cloud cost analysis, consumption metering, cloud comparison and planning, delivering the cost visibility and business insights you need to run your cloud more efficiently.


    BidElastic as a resource provisioning tool with two components: BidElastic BidServer cuts computational costs; BidElastic Intelligent Auto Scaler (IAS) streamlines management and monitoring of your cloud provider.


    Cloud monitoring & optimization SaaS for actionable business insights and recommendations including sizing, location, and pricing optimization capabilities.


    ServiceNow Financial Modeling maps actual business service, application, project, and infrastructure costs that are already managed within the Now Platform to their consumers.


    Densify is a predictive analytics service designed to optimize user's cloud in real-time.


    DivvyCloud is a leading developer of innovative technology to automate and optimize cloud infrastructure.


    FittedCloud's Dynamic Cloud Optimization solutions help customers reduce their public cloud infrastructure costs significantly by ensuring that resource provisioning matches application utilization. FittedCloud solutions achieve this transparently, automatically and without any user intervention or application disruption.


    GorillaStack is a cloud automation solution for DevOps teams that automates AWS environment to increase productivity and reduce costs.


    OpsRamp - View and control your entire IT infrastructure by automating management, optimizing availability, performance and capacity to drive unified IT operations from a single pane of glass.


    Skeddly is a leading SaaS solution for automated Amazon AWS control, including reducing costs, scheduling backups, eliminating waste, and automating IT tasks.


    TrueSight Cloud Cost Control provides visibility and control over multi-cloud costs including AWS, Azure, Google Cloud, and others.


    Manage AWS, Azure and Google clouds by eliminating complexities and unifying cloud management. Unigma makes cloud management easy, helping you control cloud spend and making your reseller cloud billing process easier.