Sydney, AUSTRALIA โ April 11, 2024 โย ManageEngine, a division of Zoho Corp. and leading provider of enterprise IT management solutions, has announced that CloudSpend, its cloud cost management tool, has extended its support to Google Cloud Platform (GCP). By expanding its cost optimisation services to GCP, following AWS and Microsoft Azure, CloudSpend now covers the three largest public cloud computing platforms worldwide by market share, enabling enterprises with a multi-cloud setup to streamline their operational expenses.
Furthermore, CloudSpend has been enhanced with a cost anomaly detection capability, which helps monitor and manage cost blind spots across multiple cloud service providers.
Multi-cloud Is The Way Forward
Organisations are keen on embracing not just one but multiple cloud platforms to diversify their business operations, split workloads, ensure cost-cutting and eventually enjoy success.ย Consequentially, investments into public cloud adoption are expected to reach USD$679 billion in 2024, entailing an efficient cloud cost observability and optimisation platform to maintain cloud finances.
“ManageEngine estimates that organisations operating in a multi-cloud environment often under-utilise their cloud resources, with their cloud usage topping at 55 per cent. At ManageEngine, we believe that CloudSpend will help businesses rise above such challenges and advance in their cloud maturity journey by offering the visibility to stay on top of their investments. This multi-cloud cost intelligence platform follows FinOps best practices and is boosted with smart forecasting features that help reduce operational expenditure. It also bridges the gap between capacity planning and cost optimisation for resources running in multi-cloud setups,” said Srinivasa Raghavan, director of product management at ManageEngine.
Cost anomaly detection, the newest addition to CloudSpend’s wide range of features, acts upon any cost-related anomalies at the organisational level. It identifies unexpected cost increases or resource usage that deviates significantly from the norm. It also provides insights on opaque pricing, where costs may be hidden and potentially higher than expected.
Other Key Features of ManageEngine CloudSpend
- Business Units and chargebacks: For greater accountability across departments, CloudSpend Business Units lets organisations carry out chargebacks and implement accountability within organisations.
- Budgeting and forecasting: Create budgets in multiple currencies through budget policies and set budgetary alerts. Understand how the cost journey takes shape with usage-based, AI-driven forecasting models.
- Resource Explorer: Drill down costs at the resource level for in-depth cost visibility with smart tagging, and get insights about spinned-off resources.
Pricing and Availability
The pricing model for CloudSpend caters to businesses of all sizes, offering free tracking of costs up to $3,000 per month of spending on GCP, AWS and Azure cloud. The paid version starts at one per cent of monthly spend above $3,000 and is available to download on both iOS and Android.ย To learn more and sign up for a 30-day, free trial of CloudSpend, visit www.mnge.it/cdsd.
About ManageEngine
ManageEngine is a division of Zoho Corporation that offers comprehensive on-premises and cloud-native IT and security operations management solutions for global organisations and managed service providers. Established and emerging enterprisesโincluding nine of every 10 Fortune 100 organisationsโrely on ManageEngine’s real-time IT management tools to ensure the optimal performance of their IT infrastructure, including networks, servers, applications, endpoints and more. ManageEngine has 18 data centres, 20 offices and 200+ channel partners worldwide to help organisations tightly align their business to IT.ย ย For more information, please visit the company site, follow the company blog and get connected on LinkedIn, Facebook, Instagram and X (formerly Twitter).
