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.

    Beam is a multi-cloud governance service that provides organizations with deep visibility and rich analytics detailing cloud consumption patterns, along with one-click fixes for cost optimization and security compliance across their cloud environments. Beam proactively identifies idle and underutilized resources, and delivers specific recommendations to right-size infrastructure services to ensure optimal cloud consumption. Beam’s machine intelligence driven reserved instance purchase recommendations help to drive deep cost savings. Beam also automates cloud security compliance using 250+ audit checks that identify security vulnerabilities in real-time, and uses policy based automation to resolve potential threats before they become concerns. Beam helps you certify and maintain compliance with regulatory policies such as HIPAA, ISO, PCI-DSS, CIS, NiST and SOC-2. With Beam you gain complete visibility, optimization and control over your cloud consumption to ensure cost governance and security compliance.

    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.

    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.

    The AWS Cost & Usage Report lists AWS usage for each service category used by an account and its IAM users in hourly or daily line items, as well as any tags that you have activated for cost allocation purposes. You can also customize the AWS Cost & Usage Report to aggregate your usage data to the daily or monthly level.

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    Launched in 2009, Turbonomic is one of the fastest-growing technology companies in the virtualization and cloud management space, trusted by thousands of enterprise organizations to maximize the value of their IT investments. Turbonomic workload automation for hybrid cloud environments delivers enterprise organizations with automation that enables on-premises and public cloud to self-manage in real-time, thereby assuring application performance while lowering cost and maintaining compliance with business policies. The platform matches workload demand to infrastructure supply, helping customers maintain a continuous state of application health. Customers such as AT&T, Travelport and Thomson Reuters, use Turbonomic to automatically assure that their applications always get the resources they need to operate reliably, while utilizing their most valuable infrastructure and human resources most efficiently.

    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.

    CenturyLink® Cloud Application Manager is a cloud-agnostic application and infrastructure management platform with integrated Managed Services delivered anywhere via automation. The centralized platform enables IT organizations to optimize infrastructure and costs for anticipated business requirements by efficiently managing workloads and some networking options across infrastructure environments. CenturyLink Cloud Application Manager i infrastructure management platform with integrated Managed Services delivered anywhere via automation enables IT organizations to optimize infrastructure and costs for anticipated business requirements by efficiently managing workloads across any infrastructure environment — on-premises, colocated, and third-party cloud environments. This means organizations can more easily govern and scale the application and infrastructure needs of the business more easily with improved transparency of assets and cost. This means one click, deploy and charge back cost reporting to business units on cloud consumption.

    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.

    ParkMyCloud provides an easy-to-use platform that helps enterprises automatically identify and eliminate wasted cloud spend. More than 800 enterprises around the world - including Unilever, Sysco, Hitachi ID Systems, Papa John’s, and National Geographic - trust ParkMyCloud to cut their cloud spend by millions of dollars annually. ParkMyCloud’s SaaS offering allows enterprises to easily manage, govern, and optimize their spend across multiple public clouds. For more information, visit

    CloudHealth is the trusted cloud management software platform used to accelerate business transformation in the cloud. CloudHealth solutions and services help organizations drive efficiency through a cohesive cloud strategy based on integrated reporting, active policy management and strategic recommendations. The platform’s insightful analytics empower operational and technical teams to have more meaningful cloud conversations that simplify the way business gets done. CloudHealth helps customers such as Amtrak, Cox Automotive, News Corp, Zendesk, Suncorp and Sumo Logic harness the full power of their cloud environments. With offices around the globe, the company is backed by Kleiner Perkins, Meritech, Sapphire Ventures, Scale Venture Partners, .406 Ventures and Sigma Prime Ventures. For more information, visit us at or follow us @cloudhealthtech.

    Multi-cloud management platform that helps IT development, operations, and management efficiently manage cloud infrastructure and applications.

    Abiquo is a software helps enterprises manage private and public clouds alongside docker hosts, unifying security, control, and reporting.

    Azure Costs is cloud cost and spending manager software featuring tracking spends, mail reports and alerts, reporting for operations, trend analytics, resource tagging and spending breakdowns.

    The CloudCheckr Cloud Management Platform (CMP) offers a single pane of glass view to help modern enterprises manage and optimize their public cloud. DevOps, SecOps, and FinOps teams from hundreds of global enterprises and service providers rely on CloudCheckr to manage their Azure, AWS, and Google Cloud investments so they can quickly optimize spend, eliminate waste, and improve security and compliance throughout their cloud journey. CloudCheckr enables users to save money, time, and effort to increase operational efficiencies with automated actions for your cloud. Manage your expenses with cost allocation, spend optimization, invoicing and chargebacks. Use custom reports and alerts ensure governance and accountability as your environments scale. The CloudCheckr CMP provides total visibility across your cloud infrastructure and enables protection for state and activity monitoring, turning insight to action while meeting compliance demands. Manage your assets with cross-account dashboards that provide sophisticated reporting for enterprise-wide inventory based on tags, geography, function and more to proactively optimize workloads. Review summary and detailed usage statistics for resources across AWS, Azure, and Google Cloud, offering actionable intelligence to right-size and scale services efficiently.

    IBM Storage Insights provides an unparalleled level of visibility across your storage environment to help you manage complex storage infrastructures and make cost-saving decisions. It combines proven IBM data management leadership with proprietary analytics from IBM Research.

    Easily deploy applications at any scale A Distributed, Highly Available, Datacenter-Aware Scheduler

    ShareGate Overcast give you visibility on your Azure usage, helps you understand how your resources are being used, and allows you to track and tame your cloud costs, in one simple-to-use interface.

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

    vCloud Usage Meter 3.6.1 leverages granular, minute-by-minute metering at the VM level instead of the cluster level, so you can easily break out product usage per end customer and bill accordingly.

    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.

    Advanced Analytics Engine (CiRBA) analyzes technical, business and resource constraints to determine optimal workload placements and resource allocations.

    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.

    Bitcanopy is a data-driven intelligent cloud management system for Amazon web services (AWS), providing cost optimization of AWS inventory, resource management, intelligent alerts and enterprise consultation for cloud management.

    Cloud Automator is the tool to automate Amazon Web Services such as EBS backup, start and stop EC2 instances.

    Cloud Compare is a unique cloud matching engine that maps your existing server assets to leading cloud providers globally. It matches each existing asset to the nearest IaaS machine for each cloud provider. Enabling you to generate a bill of materials and detailed costs in seconds. It allows you to match a single cloud provider or compare prices and create bills of materials across many providers simultaneously. We support AWS, Azure, Rackspace and Google, with many more providers coming. Cloud Compare saves many hours of complex mapping between existing services and different cloud providers. Whether you’re migrating your existing services or want to compare current prices to other providers, Cloud Compare can help you operate at speed and scale. Try for free now.

    Cloud Conformity is a cloud infrastructure governance system designed to help you prevent, detect, and correct critical threats to your AWS environments. The Cost Management product gives deep access into the cost structure of your environments, providing full featured reporting and visibility, paired with easy to follow steps to optimize your services, minimizing wasted costs. Through a simplified view of your entire AWS bill, you'll see detailed breakdowns and evolutions of your costs, forecasting and budget trends, and can setup budget and cost fluctuation alerts that integrate directly into your current systems and workflows you use today.

    Cloud Cruiser delivers cloud cost management and cloud spending management for AWS, Azure, and Google Cloud Platform.

    Cloudforecast helps developers/devops monitor and optimize their cloud spend. We provide a daily email report that breaks down AWS cost and provides visibility to avoid and catch naive mistakes.

    With the Cloud Monitoring service, it is possible to monitor all your websites, Cloud Servers, dedicates servers whether they are hosted in the Aruba Cloud data centers or with other providers.

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

    CoreStack offers orchestration solution that accelerates multi-cloud adoption, optimizes consumption and enforces governance for businesses to maximize business agility and deliver predictable outcomes

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

    We are the next generation cloud optimization service that perfectly and automatically matches the optimal cloud resources to your applications.

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

    Dripstat is monitoring for cloud infrastructure. Users can view live metrics and application performance.

    The Scalr Enterprise-Grade Cloud Management Platform enables today’s enterprises to achieve cost-effective, automated and standardized application deployments across multi-cloud environments.Scalr utilizes a hierarchical, top-down approach to policy enforcement that empowers organizations to find the balance between the needs of finance, security, IT and development teams.

    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.

    The HyperCloud™ Portal is a complete multi-cloud management platform which simplifies and supports workloads deployed on containers, VMs, or bare-metal, on any infrastructure or cloud and across clouds. Security, governance, and control, is delivered consistently, across 18 public and private clouds. It includes self-service resource provisioning, application automation and orchestration, and DevOps management with pay-as-you-use pricing. Finally, if resources are needed, HyperGrid offers computer, storage and networking, delivered as a service, on-premises.

    IBM Spectrum Symphony software delivers powerful enterprise-class management for running compute- and data-intensive distributed applications on a scalable, shared grid. It accelerates dozens of parallel applications for faster results and better utilization of all available resources. With Spectrum Symphony, you can improve IT performance, reduce infrastructure costs and expenses, and quickly meet business demands.

    Krystallizes monthly CloudQoS CSP Index rates and ranks the top four CSPs for service capability and price/performance. This unique insight into baseline performance gives you the confidence to transition and manage applications within your cloud services.

    Coming from both Cloud and Agile backgrounds we brought the two together to create a company focused on taking advantage of the Cloud in the most lean and efficient way.

    The tool offers you end-to-end views of your server environment and can save you significant money in operation monitoring and by predicting utilization bottlenecks in your virtualized environment.

    Netuitive provides an adaptive monitoring and analytics platform for cloud infrastructure and web applications.

    Actoncloud is a cloud management software that helps to manage and optimize multi-cloud including spending.

    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.

    PyraCloud is a solution that helps to manage better the budget and spend for all cloud resources used in the company.

    Snoozit is an autopilot for your Azure virtual machines' start-stop schedules. Snoozit helps you save time, optimize VM availability, and maximize savings on all of your virtual machines. Your virtual machines in the cloud are typically not always in use. Even when all of the workloads that depend on a given VM are idle, that VM will continue to run and accrue costs unnecessarily unless they’re specifically turned off. A lot of these idle usage periods are recurring and predictable. It is common practice to turn those workloads off automatically. As such, many companies use runbooks and scripts to schedule their virtual machine uptime, but these methods are time-consuming to implement, prone to human error, and unable to adapt to changes in usage patterns. The attention of your cloud experts is already divided between a plethora of operations-critical issues. While saving money is important, many organizations struggle to find the resources needed to properly address the issue of poorly optimized VM spending. To make it easy for you to choose which machines to optimize, Snoozit ranks your virtual machines according to their potential as a candidate for automated scheduling. This list is generated according to each machine’s forecasted potential for cost reduction over the next 30 days with Autopilot enabled. You can then activate the Autopilot function on these candidate virtual machines. 

    Teevity provides a cloud costs analytics and management service to help companies deal with pay-per-use IT services.