CloudZero Launches Budgets Feature To Improve Cost Predictability And Eliminate Surprises
CloudZero customers can now track spend against any custom grouping of cost — including products, customers, and development teams
CloudZero, the leading provider of cloud cost intelligence, announced CloudZero Budgets, a new feature enabling organizations to innovate quickly while controlling their cloud spend. This functionality provides real-time visibility into the cost of different business units (e.g., product features, development teams, customers, geographic zones) and tracks cost against budgetary forecasts. This adds to CloudZero’s existing capabilities, which provide all stakeholders with relevant cloud cost intelligence to make better decisions about building, operating, and packaging cloud-based products to improve unit economics.
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“At most cloud-driven organizations, engineering builds products, finance gets the bill, then they both have to figure out what they’re spending and why. That’s especially challenging because cost data is not written in the business language that finance understands,” said Phil Pergola, CEO of CloudZero. “CloudZero Budgets gives everyone continuous, granular visibility into exactly where their cloud spend stands. Rather than tracking budgets for cloud services, we’re showing them how much a single feature costs, which gives every team a shared language and understanding.”
CloudZero Budgets builds on top of Dimensions, CloudZero’s proprietary code-driven cost allocation method. With Dimensions, customers can organize spend according to business-specific metrics, then set a budget for any custom grouping. This gives teams unlimited budgetary flexibility. Additionally, engineering teams will receive regular Slack updates about how they’re performing against their budget, as well as cost anomaly alerts to let them know about unusual spikes and trends.
“One of our philosophies is: Act like the owner. You build it, you run it,” said Stuart Davidson, tribe engineering lead for Skyscanner’s production platform. “Our engineers therefore feel a sense of ownership over the infrastructure they build. So, allowing engineers to use cost metrics as a catalyst for meaningful changes made a lot of sense. We’re looking forward to this additional layer of context and visibility, so we can further drive accountability.”
Read More: CloudZero Launches First Code-Driven Approach To Organizing Cloud Spend
