My Commitments is a unified management feature in OpsNow FinOps Plus that helps organizations maximize the value of their cloud commitments—such as Savings Plans, Reserved Instances (RIs), and Committed Use Discounts (CUDs)—while minimizing waste.
It solves key challenges faced by cloud finance and operations teams:
✅ What problems does it solve?
- "We’re not sure if our existing commitments are being fully utilized."
→ My Commitments provides real-time tracking of usage rates, savings amounts, and utilization ratios to identify underused or wasted commitments. - "We don’t know when or what kind of new commitment to purchase."
→ The Recommendations tab analyzes current usage patterns and suggests optimal commitment options (e.g., 1-year vs. 3-year, no upfront vs. partial upfront). - "We’re spending too much on On-Demand because coverage is low."
→ The Coverage tab visually highlights how much of your cloud usage is covered by existing commitments vs. On-Demand spend, helping identify savings opportunities. - "We missed a commitment renewal and incurred unexpected costs."
→ The Inventory tab displays start/end dates and remaining terms for each commitment, so you can plan renewals or trigger AutoSavings in time.
🔍 Key Features Summary
| Feature |
Description |
| Utilization |
Analyze usage rate, savings amount, and cost efficiency for each commitment |
| Coverage |
Visualize coverage ratio across all usage and detect On-Demand overages |
| Recommendations |
Receive intelligent suggestions for new commitments based on real-time usage |
| Inventory |
View all commitment details including type, term, scope, and payment structure |
📌 My Commitments supports AWS, Azure, and GCP, and helps organizations take control of their commitment strategy—ensuring efficient usage, timely renewals, and data-driven optimization.
