AWS
AWS Cost Explorer: Basics, Use Cases, and Best Practices
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Reduce costs for EC2, Lambda, and Fargate
Continuously optimize rates with automated Savings Plan and Reserved Instance management without impacting engineering
Hundreds of the world’s largest SaaS companies and service providers trust ProsperOps.
~1/4 of cloud spend is estimated to be waste.
Cost visibility tools, while beneficial, do not take action to reduce waste. Optimizing usage requires engineering effort. Optimizing rates with commitments drives costs down quickly without engineering dependencies.
Usage is elastic, but commitments are not…
Optimizing a portfolio of commitments is complicated.
Commit conservatively, and miss out on cost savings. Commit aggressively, and risk paying for unutilized, full-term commitments if future usage drops or changes dynamically.
(drag the slider to see the difference before and after using ProsperOps)
"ProsperOps puts machines to good use. It tracks our AWS compute usage and adapts Reserved Instances to usage changes, increasing our Effective Savings Rate to the absolute maximum possible and reducing financial liability."
VP of Infrastructure Engineering
CleverTap
Overcoming these challenges requires a new solution - sophisticated automation that adapts to changes in usage…
Why ProsperOps
Reduce costs and mitigate risk
ProsperOps continuously optimizes a customized portfolio of Savings Plans and Reserved Instances for EC2, Lambda, and Fargate while taking into account pricing programs you leverage (e.g. PPA, EDP). ProsperOps sophisticated algorithms adjust commitments to match your dynamic compute usage patterns in real-time, safely increasing coverage while minimizing overcommitment risk.
Offload SP & RI management
ProsperOps automates commitment management with multiple strategies, such as Savings Plan Adaptive Laddering™ for heavy Lambda/ Fargate users and Convertible Reserved Instances for EC2. Our intelligent algorithms continuously optimize, so you can focus on higher-order FinOps initiatives.
Customize settings
ProsperOps automation operates within the constraints you establish and AWS terms of service. Set commitment terms (1-year or 3-year), budget, and payment preference (e.g. all upfront, partial, no upfront). Configure the amount of flexibility you need in your commitments to align with anticipated infrastructure changes, and sync commitment expirations with your EDP terms to further reduce lock-in risk.
Understand your outcomes
The ProsperOps Console highlights optimization KPIs and trends including Effective Savings Rate, spend coverage, savings, commitment burn down schedules, and Commitment Lock-In Risk™ (CLR). Easily audit savings outcomes with deep links to AWS Cost Explorer from the Savings Dashboard in our console.
Intuitive reporting for finance
Close the books with precision and speed. If you have All Upfront and/or Partial Upfront payment plans, ProsperOps automatically tracks amortization schedules of prepaid commitments to help you achieve accurate accounting of AWS spend.
We do the work. You get the savings.
How It Works
Data Ingestion
Usage and cost telemetry is passively & securely collected from your cloud environment.
Optimization Algorithms
ProsperBot identifies opportunities to optimally reduce cost and mitigate risk while detecting changes to usage.
FinOps Insights
Built-in visualization helps you easily understand optimization KPIs, such as Effective Savings Rate and Commitment Lock-In Risk, for simplified reporting.
Execution Engine
Multiple commands are prepared and executed automatically via API.
Data Ingestion
Usage and cost telemetry is passively & securely collected from your cloud environment.
Optimization Algorithms
ProsperBot identifies opportunities to optimally reduce cost and mitigate risk while detecting changes to usage.
FinOps Insights
Built-in visualization helps you easily understand optimization KPIs, such as Effective Savings Rate and Commitment Lock-In Risk, for simplified reporting.
Execution Engine
Multiple commands are prepared and executed automatically via API.
Automatically reduce costs for Lambda, EC2, and Fargate.
Platform Essentials
Multi-cloud Optimization
- AWS Compute: Lambda, EC2, Fargate
- AWS RDS, ElastiCache, MemoryDB, Redshift, OpenSearch
- Google Cloud Compute: Compute Engine, GKE, Cloud Run
- Azure Compute: Virtual Machines, App Service, AKS and more
Secure Technology
- Our system does not access your data or impact engineering
- Lightweight, agentless deployment
- Identity federation (SSO)
- Role-based Access Control (RBAC) and granular custom roles
Results-based
- You don’t pay ProsperOps if we don’t save you money (see Pricing)
- Effective Savings Rate that places you in the top 1-2% of FinOps teams
- Less Commitment Lock-In Risk automatically
Enterprise scale for sophisticated cloud optimizers.
ProsperOps manages commitment-based discounts for DevOps and FinOps teams from startups to enterprises and cloud resellers across the globe. Our algorithms deliver results, even at massive scale, across any dynamic workload pattern. We are there to support you with live access to FinOps specialists.
$3.1 Billion+
Annual Spend Under Management
$1.8 Billion+
Lifetime Savings Generated
491 Million+
Resource State Changes Processed
18.4 Million+
Discount Instruments Managed
Frequently Asked Questions
Related Content
Request a Free Savings Analysis
3 out of 4 customers see at least a 50% increase in savings.
Get a deeper understanding of your current cloud spend and savings, and find out how much more you can save with ProsperOps!
- Visualize your savings potential
- Benchmark performance vs. peers
- 10-minute setup, no strings attached
Submit the form to request your free cloud savings analysis.
