Whether you’re a new student, a thriving startup, or the largest company, you are financially constrained and need to know what to spend, where, and how to plan for the future. Nobody wants a surprise on the bill, and this is where it comes down to Azure expense management and billing come inside.
We’re always looking for ways to learn more about your challenges and how Azure Cost Management and Billing can help you better understand where costs are incurred in the cloud, identify and prevent bad spending patterns, and optimize costs. so you can do more with less. Here are some of the latest improvements and updates based on your feedback:
Let’s go into the details.
Show amortized costs in the cost analysis preview
The cost analysis preview introduced a new reservation view when it was first announced in November 2020. The Reservations view shows the total continuing cost for each reservation with a breakdown by resource to facilitate chargeback. Now the same option has been extended to other previews so you can see the amortized cost of your resources, resource groups, or subscriptions. Just open the view you want and then select To adjust and switch from Actual costs to Amortized cost.
If you’re unfamiliar, amortization breaks the purchase price of your reservations into daily chunks and distributes them across the resources that received the benefit. For example, suppose you purchased a $ 365 VM reservation on Jan 1st. When you turn on amortization, you will see $ 1 per day all year round. If your VM has been running all day, it will receive the full $ 1 for that day. If you only ran it for 12 hours in a day it would show $ 0.50 for the VM and $ 0.50 for the VM unused reservation. These are lost savings from your prepaid, reserved capacity that you should keep an eye on. This is exactly where the Reservations view helps you. And beyond that, what you can use the amortized cost for.
Keep using the preview and let us know what you’d like to see next.
Reminder: Cloudyn will retire on June 30th
Microsoft acquired Cloudyn in July 2017 to bring a wealth of expense management experience and skills to the wider Azure community. Many companies know and love the skills that Cloudyn has brought to the table, and now that many of them have been (or will be) integrated with Azure Cost Management, Cloudyn will retire on June 30, 2021. Whether you counted on it Cross-cloud cost governance or Cost allocation and chargeback, or maybe you just need basic Cost reporting, accountability and optimization, Azure Cost Management has you covered. And that’s not all. There are even more in the roadmap for this year, So stay tuned.
If you’re a cloud solution provider still using Cloudyn, we’ve already got in touch, but as a reminder, you (and your customers) can view, manage and optimize costs using Azure Cost Management as soon as you get there Transition to a Microsoft customer contract and an Azure plan. Again, Cloudyn will retire on June 30, 2021, and will no longer be accessible. Thank you for your patronage and look forward to supporting you and your financial goals with Azure Cost Management.
What’s new in Cost Management Labs
With Cost management laboratories, get a taste of what’s new in Azure Cost Management and get in touch with us directly to provide feedback and help us better understand how you’re using the service so we can deliver a more coordinated and streamlined experience. Here are some features you can see in Cost Management Labs:
- Make a note of the last used area – Now available on the public portal
Azure Cost Management now remembers the last used range, making it easier than ever to pick up where you left off. You can see the preview in Cost management laboratories.
- New: Confirm the status of the billing policy in the configuration
Updated configuration screen separating scope and expense management settings, showing whether expense management, reservations, and Azure Marketplace are enabled for your Enterprise Agreement billing account or Microsoft Customer Agreement billing profile.
- View the cost of your resources
The costs for your resources are just one click away from the resource overview in Preview portal. Just click View costs to quickly jump to the cost of that particular resource.
- Change the scope via the menu
Change the scope via the menu for faster navigation. You can register via Try Preview. Provide feedback on this preview.
- Open configuration items in the main menu
This is an experimental option to display the selected configuration screen as a nested menu item under the Charge Management menu. You can sign in by testing preview of Cost management laboratories. Provide feedback on this preview.
- Optimized cost management menu
Only show settings in configuration. Remove Cloudyn, Exports and Connectors for AWS from the Cost Management menu. You can sign in by testing preview of Cost management laboratories. Provide feedback on this preview.
Of course that’s not all. Any change in Azure Cost Management is in Cost Management Labs one week before it is available in the full Azure portal. We look forward to hearing your thoughts and understanding what you’d like to see next. What are you waiting for? To attempt Cost management laboratories today.
New ways to save money with Azure
This month was packed with 16 new and upcoming ways to optimize your costs:
- General availability: Certificates managed by App Service.
- General Availability: Cosmos DB Extended Free Tier.
- General availability: Cosmos DB Serverless.
- General availability: 5 new regions for Azure Stream Analytics – Australia Central, Germany West Central, Norway East, South India, UAE North.
- General availability: 8 new regions for Azure Health Bot – Australia East, East USA 2, India Central, Northern Europe, South Central USA, Southeast Asia, UK South, West USA 2.
- Lower price: Azure Sentinel and Azure Monitor.
- Lower price: ExpressRoute Global Reach.
- Lower price: API Management Premium.
- Extended Free Trial: Azure Stack Hyperconverged Infrastructure (HCI).
- Preview: Azure SQL Database Ledger.
- Preview: Cosmos DB cost-optimized diagnosis.
- Preview: Cosmos DB Linux Emulator.
- Preview: Cosmos DB Integrated Cache.
- Preview: Event Hubs Premium.
- Coming soon: Azure Database for PostgreSQL free offer.
- Coming soon: Azure Database for MySQL free offer.
Here are some documentation updates that might interest you:
Do you want to keep track of all documentation updates? Try this out Change history for cost management and invoicing by doing azur-docs Repository on GitHub. If something is missing, choose To edit at the top of the document and send a quick pull request.
These are just a few of the big updates from last month. Don’t forget that previous updates to Azure Cost Management and Billing. We’re always listening and constantly improving based on your feedback. Please keep the feedback going.
consequences @AzureCostMgmt on Twitter and subscribe to the Youtube channel for updates, tips and tricks. You can also exchange ideas and communicate with others in the. vote Expense Management Feedback Forum or join the research body Participate in a future study and help shape the future of Azure Cost Management and Billing.
We know these are difficult times for everyone. Best regards from the Azure Cost Management and Billing team. Stay safe and stay healthy.