Upgrade Description (New Edition)

The old edition of Cost Center will be taken offline at the end of November, 2024.
The new edition of Cost Center inherits all functions from the old edition and also provides more options to manage costs in much easier way.

Easier Navigation

Navigation menus have been reorganized to streamline your cloud cost management experience. The new navigation provides clear direction on where to go to find Cost Assistant, Cost Insights, Cost Organization, Budget Management, and Cost Optimization.

Comprehensive Cost Overview

The layout of Cost Management Overview has been optimized to give you quick convenient view of your costs, including month-to-date costs, forecasted month-end costs, actual budget overruns/forecasted budget overruns, cost anomalies from the last 30 days, and estimated monthly savings.
The breakdown of current month costs has been added. You can now view your current month costs in multiple dimensions, for example, by service type, enterprise project, cost tag, cost category, linked account, and region.
Cost Assistant, an all-new feature, has been rolled out. It offers maturity scores and insight recommendations to help you manage costs better.
Cost allocation details have been added. You can now choose a specific method to view cost allocation details from a particular service respective.

Scenario-specific Cost Analysis

You can now check a variety of reports recommended for typical cost analysis scenarios, and you can add reports to your favorites for faster cost analysis.
On cost analysis pages, browsing views are now distinguished from action views. Specifically, Cost and Usage Summary illustrates key cost data and breakdown, and available actions are sorted by operation type on the right, giving you a better experience.

Simpler Budget Creation

There are a wide range of budget templates available for common scenarios to make budget creation simpler.

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Diverse Functions

The following table describes major functions in the new edition of Cost Center. Getting Started aims to help you understand how to use the functions of Cost Center to achieve your work goals and effectively address business challenges. For details, see Getting Started.

**Table 1** Function description
Module			Function	Reference
	Overview		Gives you quick access to common functions in Cost Center.	Overview
	Cost Assistant		Offers maturity scores and insight recommendations to help you manage costs better.	Cost Assistant
	Getting Started		Presents best practices for cloud financial management in common scenarios.	Getting Started
Cost Insights	Cost Analysis		Analyzes costs with preconfigured or custom reports, shows cost breakdowns and trends, and forecasts your costs.	Cost Analysis
	Cost Anomaly Detection		Identifies any unexpected cost spikes and sends you alerts.	Cost Anomaly Detection
	Cost Details Export		Allows you to export original costs, amortized costs, and usage details to OBS (in OBT).	Cost Details Export
Cost Organization	Cost Tags		Identifies and manages your resources by tag. Tags can be activated to become cost tags. The cost tags can then be used to group costs for cost analysis and budget management.	Cost Tags Activating Cost Tags
Cost Organization	Cost Categories		Allows you to create custom rules to map costs to Huawei Cloud cost allocation methods (linked accounts, enterprise projects, cost tags, and cost categories), helping you manage costs from your own service perspective.	Cost Categories
Budget Management	Budgets		Enables you to quickly create budgets for service types or business units, zero spend budgets, or create custom budgets with parameters specific to your use case. You can configure alerts to warn you if your budget has been exceeded or is forecasted to be exceeded.	Budgets
Budget Management	Budget Reports		Allows you to create daily, weekly, and monthly budget reports so you can track the performance of your budgets.	Budget Reports
Cost Optimization	Summary		Identifies the opportunities for resource optimization, billing mode changing, and cost savings.	Cost Optimization
	Savings Plans	Summary	Helps you review savings plans-saved costs and optimization opportunities and view your inventory of all savings plans.	What Are Savings Plans?
		Utilization & Coverage Analysis	Analyzes how savings plans are applied to your usage to help you determine whether they are fully utilized. You can also check how much of your pay-per-use usage is covered by savings plans to determine whether they are enough.	Utilization & Coverage Analysis
		Purchase Recommendations	Generates recommendations for purchasing savings plans based on your historical pay-per-use usage.	Purchase Recommendations
	Reserved Instances	Utilization & Coverage Analysis	Analyzes how reserved instances are applied to your usage to help you determine whether they are fully utilized. You can also check how much of your pay-per-use usage is covered by reserved instances to determine whether they are enough.	Analyzing Reserved Instances
Preferences	Cost Amortization		Allows you to split some of CDN, WSA, and Live traffic costs by domain name.	Enabling Cost Splitting
	Pay-per-Use to Yearly/Monthly		Identifies cost optimization opportunities by analyzing your historical pay-per-use expenditures.	Changing Pay-per-Use to Yearly/Monthly
	Hourly Cost Analysis		Presents original costs by the hour from the last 14 days.	Viewing Cost Analyses
	Monthly Multi-Year Cost Analysis		Presents monthly analysis of cost data going back as far as the last 38 months.	Viewing Cost Analyses
Other	IAM		Implements fine-grained permissions management to isolate permissions of different employees.	Permissions
Other	Bill		Presents the overview or details of your Huawei Cloud expenditures. It records your expenditure history and can be used for reconciliation.	Bills

Next topic: About Cost Center

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