The most certain way to drastically reduce cloud costs is undoubtedly introducing a commitment model like AWS's Savings Plans (SP) or Reserved Instances (RI). However, many companies fail to enjoy proper savings even after purchasing commitments.

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Why Tens of Thousands of Dollars in Commitments Are Hard to Manage Manually

"How much should we buy?", "Are we using 100% of our purchased commitments without waste?", "When will the commitments of which accounts expire?" It is nearly impossible to manage commitments manually with Excel, given the numerous variables such as various periods (1 year/3 years), payment methods (Upfront/Post-payment), and coverage. You might waste time on complex break-even point calculations, or experience a 'black hole of costs' where you pay for empty commitment costs every month despite reducing instances due to lack of monitoring. OpsNow's 'My Commitments' is a powerful integrated commitment management solution that solves these concerns at once. Transparently control everything from commitment purchase recommendations to usage status monitoring in a single menu.

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4 Key Views for Perfect Commitment Management

• Recommendations (Smart Purchase Recommendation): Analyzes current infrastructure usage to suggest the most efficient purchase options. You can make optimal decisions without complex calculations.
• Utilization (Usage Monitoring): Checks how much of the purchased commitments are actually applied to your workloads. It visualizes 'wasted commitment costs' that can occur when utilization drops.
• Coverage (Coverage Analysis): Tracks the percentage of total cloud usage that receives commitment discounts, accurately identifying when additional commitment purchases are needed.
• Inventory (Inventory and Expiration Management): Intuitively displays the list of commitment assets scattered across numerous accounts and their impending expiration status (within 30/60 days), helping you never miss the renewal timing.

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No More Complex Calculations with the At-a-Glance 'Commitment Purchase Simulator'

When you need to purchase additional commitments, you no longer need to struggle with complex Excel formulas. The simulation screen provided by My Commitments presents the estimated savings under various conditions in an intuitive matrix format.

• Compare Various Options at a Glance: You can immediately compare the estimated costs and savings based on 1-year and 3-year term options and No / Partial / All Upfront payment methods on a single screen.
• Customized Recommendation (Recommended): Analyzes infrastructure patterns and clearly highlights the safest and most efficient optimal commitment plan with a blue box.
• Maximum Discount (Lowest Cost): Highlights the economically most advantageous option with the largest monthly savings in red, allowing you to grasp the lowest price purchasing strategy at a glance.

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The Essence of Commitment Management Proven by Data

Commitments are a 'wonder drug' that can cut cloud costs in half if used well, but cause massive 'cost leakages' if not managed. Automate complex cloud commitment management right now through OpsNow My Commitments, and maximize cost savings with intuitive purchase recommendations.