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ManageEngine announced that CloudSpend

April 2024 by Marc Jacob

ManageEngine, a division of Zoho Corp. announced that CloudSpend, its cloud cost management tool, has extended its support to Google Cloud Platform (GCP). By expanding its cost optimization 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.

Organizations 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. Consequentially, investments into public cloud adoption are expected to reach $679 billion in 2024, entailing an efficient cloud cost observability and optimization platform to maintain cloud finances.

Cost anomaly detection, the newest addition to CloudSpend’s wide range of features, acts upon any cost-related anomalies at the organizational 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 organizations carry out chargebacks and implement accountability within organizations.
● 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 1% of monthly spend above $3,000 and is available to download on both iOS and Android.

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