Cloud Financial Management Tools Reviews and Ratings

What are Cloud Financial Management Tools?

Gartner defines cloud financial management (CFM) tools as tooling that provides the ability to collect, organize, display, optimize and manage the investments in cloud computing infrastructure as a service (IaaS) and platform as a service (PaaS). They leverage algorithms, statistical models and/or AI/machine learning (ML) in support of cost reports, dashboards and/or other mechanisms/interfaces that provide capabilities to monitor cost, utilization and value indicators. This allows users to identify trends, anomalies, misaligned expectations, as well as opportunities to increase the efficiency of cloud configurations, architecture and contracts. CFM tools enable enterprises to collect and analyze public cloud cost and usage information, and apply controls to define budget and cost policies to optimize spending on a continuous basis.

Products In Cloud Financial Management Tools Market

"Exploring Cost Savings Opportunities with Anodot"

We love that Anodot gives you so many ways to slice and dice your data to uncover trends and find cost savings opportunities

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"Making a Complex Environment Manageable and Efficient"

We have been able to use this product to keep our virtual clusters balanced and to find waste. Densify was able to find many virtual machines sitting idle and we were either able to reclaim them or right size them.

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"Datadog's Cloud Cost Management is a critical tool for teams of all sizes."

Datadog Cloud Cost Management has been incredibly helpful at nailing down our cloud costs across various providers. I'm very pleased with the product and the team's continued efforts to improve it.

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"Finout: Bridging the Cross-Cloud Information Gap for Businesses"

Finout allows clear visibility into cross-cloud costs from different vendors, allowing the team to analyze and identify trends in projects or areas of the product that use resources from different vendors. There are multiple features that support this analysis (such as virtual tagging) that are easy to use and makes the time to value fast. It's also being used on a daily basis for alerting at different levels of granularity and for cross-cloud views that are relevant and cannot be achieved easily using native tools. The support/success team has been very responsive and has helped us a lot along the way.

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"A great tool to complement any sized cloud infrastructure."

Cloudwisdom is feature rich and easy to implement. Personally I required a product that would provide a platform to easily create billing reports and recommendations to clients and Cloudwisdom provided exactly that along with more.

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"ServiceNow Cost Management: Seamless Integration with Powerful Cost Insights "

User Interface: Easy to navigate with clear dashboard for cloud spending visibility Cost Optimization: Provide actionable insights for Cost saving such as Right sizing or under utilization Budgeting and Forcasting: Helps setting up target and monitor spending Reporting: Reports are customizable. Integration: As we are using ServiceNow ticketing tool it integrates it well with that tool helping us to track the recommended action.

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"Exploring the Extensive Tooling of Notable Tech"

Its quite extensive tooling and a lot of options but overall it is great tool

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"Innovative FinOps Solution with Excellent Customer Service"

Great solution for FinOps and stellar customer service team

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"Software Management and Licensing Compliance Streamlined with Flexera"

I have been using this product for the past 10 years, its a great solution for managing software assets and licensing compliance.

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"Ternary is an Excellent App for Tracking your Spend in the Cloud"

Overall, the ternary app is extremely useful and beneficial to our company. It provides valuable insight on our spend and makes tracking all three clouds very easy.

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"Aquila Cloud BillOps Simplifies Cloud Services Billing for FXi"

Aquila Cloud BillOps has greatly contributed to FXi in simplifying & optimizing its cloud services billing process to customers at month end (savings of 6/days/month). This Aquila Clouds module notably allows standerdizing the detailed information send to customers and accounting, regardless of the cloud provider. It allows invoice historization, produces trend analysis to share with customers and meets the different charge back needs; which allows invoicing to be industrialized and positions FXi to achieve strong growth in cloud service resale.

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"CAST AI: Simplified Management and Cost Savings"

We had a small team managing multiple clusters in different environments, Struggling to do so in a cost-effective way. CAST AI makes it much easier by automating infrastructure management and allowing us to focus on development. If significantly reduced cloud cost, especially for AKS in Azure. and simplified cluster autoscaling and node optimization. The platform's ease of installation, cost tracking, security scanning, and Kubernetes upgrades are invaluable. CAST AI also listens to feature requests and provides exceptional support.

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"Cloud Integrations: Balancing Cost Views and Data Security"

A good product offering, works well across multi-cloud offering. One of the key winner features for me was the 'Security and Governance' template, in which the resources across the board where evaluated against key data governance (ISO/GDPR) and likes and provided suggestions. Cost Comparison and Recommendations are okay, but lacks flexibility in views

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"CloudHealth: A Decade of Experience Reveals Limitations"

I've been using CloudHealth for over 10 years. I would say that it's okay while you're getting to cloud, but once your organization hits a certain level of maturity, it's just lacking in essential reporting capabilities.

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