Functions

Cost Center is a free financial management service provided by Huawei Cloud. It offers a suite of tools to help you track, analyze, and explore your Huawei Cloud costs and usage. It also helps you detect cost anomalies to reduce unexpected expenditure spikes and find cost-saving opportunities.

Currently, the following tools are available:

Category	Tool	Function	When to Use
Cost planning	Cost and usage forecasting	Forecasts your future costs and usage based on your historical costs and usage on Huawei Cloud.	Forecasting
	Budgets	Allows you to configure budgets and stay informed of how your costs and usage progress.	Creating a Budget
	Budget reports	Tracks your budgeting on a regular basis if you create budget reports on the Reports > Budget Reports page.	Budget Reports
Cost management and control	Identity and Access Management (IAM)	Implements refined permission management to isolate permissions of different employees.	Permissions
	Bill	Presents the overview or details of your Huawei Cloud expenditures. It records your expenditure history and can be used for reconciliation.	Bills
	Budget alerts	Sends you an alert by email or SMS when your actual cost or usage reaches the configured alert threshold.	Creating a Budget
	Cost anomaly detection	Monitors the costs of your pay-per-use resources to detect cost anomalies and reduce unnecessary expenditures.	Cost Anomaly Detection
Cost optimization	Changing pay-per-use to yearly/monthly	Analyzes the usage of your pay-per-use ECS, EVS, RDS, ELB, and SFS Turbo resources. Cost Center provides optimization options based on these analyses, identifying places where you can save money by changing the billing mode from pay-per-use to yearly/monthly.	Changing Pay-per-Use to Yearly/Monthly