Updated on 2023-12-26 GMT+08:00

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

Enterprises' costs and reports

Cost analysis

Presents your cost data in graphs and tables. You can view your cloud costs and usage of different billing cycles and dive deeper by service type, region, linked account, billing mode, and cost tag.

Viewing Cost Analyses

Analysis reports

Allows you to save the cost analyses as reports so that you can share with the various member accounts under your master account. On the Reports > Analysis Reports page, you can use some commonly used analysis reports preconfigured in Cost Center.

Analysis Reports

Cost details

Allows you to export the details of monthly amortized costs.

Exporting Cost Details

Cost tags

Identifies your cloud resources. You can use the cost tags to manage your resources and activate them to track your costs. Cost tags can be used for cost analysis and budget management.

Overview of a Cost Tag and Activating Cost Tags

Cost categories

Automatically groups your costs based on the rules you configure, such as linked account, service type, bill type, cost tag, and enterprise project, or even the custom rules configured for other cost categories.

Overview of a Cost Category

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

Purchasing savings plans

Provides you with custom savings plan recommendations based on your historical pay-per-use expenditures to help you save money.

Purchasing savings plans

Reserved Instances

Allows you to view your RI utilization, RI coverage, net savings, and potential savings.

Reserved Instances