CloudSpend reduces redundant cloud resources and mitigates the risk of costly cloud sprawl.
ManageEngine’s cloud cost management tool, CloudSpend, now supports Google Cloud Platform (GCP). By expanding its cost optimization services to GCP, following AWS and Microsoft Azure, CloudSpehnd 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. The company will showcase CloudSpend’s GCP features at Google Next 2024 on April 9 at booth #1660.
“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 optimization for resources running in multi-cloud setups,” said Srinivasa Raghavan, Director of Product Management, ManageEngine.
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.
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.
