Archera is a cloud cost management and procurement platform designed to help organizations optimize and de-risk their cloud spending on AWS and Azure. By offering tools for automated savings plan and reserved instance management, as well as unique commitment insurance and financing products, Archera enables businesses to achieve significant cost savings while maintaining flexibility in their cloud resource commitments. Key Features and Functionality: - Free Cloud Management Platform: Provides comprehensive management for savings plans, reserved instances, and committed use discounts, along with cost and usage visibility, and long-term forecasting and assessments. - Insured Commitments: Offers flexible-term, insurance-backed commitments that deliver savings on short-term cloud usage, reducing the risk of overcommitment. - Automated Commitment Optimization: Continuously analyzes usage patterns and automatically adjusts commitments to maximize savings while minimizing the risk of over-commitment. - Cost and Resource Usage Visualization: Enables organizations to attribute, track, and display costs and savings from complex billing instruments, facilitating strategic decision-making. - Professional Services: Provides targeted professional service offerings, including managed setup services, expert reviews of commitment strategies, and assistance with long-term forecasting and budgeting. Primary Value and Problem Solved: Archera addresses the complexities and risks associated with cloud resource procurement by offering a platform that automates cost optimization and provides financial products to mitigate the uncertainties of long-term commitments. By enabling flexible, short-term commitments and offering tools for comprehensive cost management, Archera empowers organizations to reduce cloud spending, avoid overcommitment, and focus on innovation without the burden of complex financial planning.