Can I identify areas with high On-Demand usage and find opportunities to switch to commitment plans?
OpsNow FinOps Plus offers a powerful feature within the My Commitments menu that identifies services or accounts with high On-Demand usage and provides data-driven recommendations on how switching to commitment plans (e.g., Savings Plans, Reserved Instances) could reduce your cloud spending.
🔍 What insights are provided?
- Breakdown of On-Demand usage by service and account
- e.g., EC2, RDS, Aurora, GCP Cloud SQL, Azure VM
- Current On-Demand spend per resource
- Estimated cost savings and ROI if converted to a commitment plan
- Recommended commitment types (1-Year vs. 3-Year, No Upfront vs. All Upfront)
💡 How does this help?
- Enables strategic decision-making for timing and scale of commitment purchases
- Helps finance teams evaluate ROI and optimize budgets
- Supports operations teams in reducing unnecessary On-Demand costs
- Can be used alongside AutoSavings to enhance optimization coverage
📌 This feature is especially valuable when On-Demand costs are steadily rising.
It clearly answers:
“How much could we save right now by switching to a commitment?”