Azure Cost Management – 3 Tools to Optimize Your Spending

As a company, there is a good chance that you don’t want to get a higher bill than you anticipate and billing you to get from Azure migration is no different. The good news is that Azure Cost Management gives you many tools that you can use to create a budget and keep an eye on your spending.

Whether daily, weekly, or monthly, the tools we’ll reveal here today will help you control your spending. These tools even give you alerts and notifications to help you determine whether you are going beyond the set budget or not.

The ability to keep an eye on your spending is crucial because if you are not keeping a close eye on the cost, the bill can quickly climb up. Part of the cost management involves dealing with issues of users creating Azure resources using other ways, but we’ll stick to Azure Cost Management for now.

The best part is that all tools are free to use and there are absolutely no hidden charges. And by using the tools, you will end up saving a lot of money by uncovering any ways that have you spend more than you should be.

Azure Price Calculator

  • The Azure Price Calculator, as its name suggests, is a calculator that helps you estimate the cost of Azure services. You can add the services and the resources that you need, choose the details of the services, and adjust settings. The tool automatically gives you a comprehensive cost breakdown depending on a number of factors.

The best part of the tool is that it allows companies to quickly fetch estimates for the products that they want to utilize within Azure. This way you’ll know exactly how much you’ll be spending before beginning the project.

  • If you are still operating on-premise but you want to migrate to Azure, then take a look at our Azure Migration services. It is a service designed to help you assess current workloads in on-premise datacenters.

Our team will run an Azure Migrate analysis on your on-premise machines and will tell you whether migration is a good option or not. Then we will recommend VM sizing in Azure to help maximize the performance.

Azure Cost Analysis

  • Another tool worth looking at is the Azure Cost Analysis tool. It helps you break down your Azure spending with an in-depth look at what exactly costs. This tool is ideal for you if you want to see the cost of a particular service or if you are trying to find out why your bill is becoming higher than you anticipated.

You can use filters such as Scope, Time, Granularity, and Group By to see your spend. The option of viewing cost by the resource is also available and is shown to you through an easy to understand graph that shows the most expensive resources, allowing you to quickly find out what is costing you the most.

  • The custom filters on the Azure Cost Analysis give you a lot of freedom over the information you want to see. So make sure to use it thoroughly before beginning any project.

Azure Cost Alerts

  • Azure Cost Alerts is a tool that alters you with credit alerts, budget alerts, and the department of spending quota alerts. Here are the details of each of the alerts.

Credit Alerts

  • The credit alerts immediately notify you when your Azure credit monetary commitments are all used up. The monetary commitments are typically very important for organizations with Enterprise Agreements. These alerts are generated automatically when you reach 90% or 100% of your balance.

Budget Alerts

  • Budget alerts notify you of your spending based on recourse consumption or all cost when it reaches or exceeds an amount set by you. You can create budgets using Azure Consumption APIs or Azure Portal.

The alerts are generated automatically when the budget alert conditions set by you are met.

Department Spending quota Alerts

  • These alerts will notify you of department spendings when they reach a threshold set by you. The spending quotas are usually configured via the Azure Enterprise Agreement portal. You can set the tool to notify you when you reach a certain percentage.

Cut Down Your Costs Further

If the tools are not enough to help you cut down the cost, then get in touch with Henson Group and avail our Azure Migration or Azure Optimization services. These services provide you with an in-depth analysis that helps you figure out exactly how much you will have to spend on Azure. We can also help you cut down on a lot of other costs and spendings after our team has completed the analysis.