Familiarizing Yourself with Basic Functions in Minutes
You can get started with various cost management tools to meet your financial management requirements. The following covers some basic functions of Cost Center to help you familiarize yourself with cloud financial management.
Overview
The following figure shows an example Overview page of Cost Center.
No. |
Description |
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1 |
The new navigation provides clear direction on where to go to find cost insights, cost organization, budget management, and cost optimization. |
2 |
The layout of Cost Management Overview has been optimized to give you a 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. |
3 |
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. |
4 |
You can view costs for the current month and the last month as well as forecasted costs. |
5 |
This area displays the top 5 costs by MoM growth ($). The data can be displayed by service type, enterprise project, cost tag, cost category, or linked account. |
6 |
This area displays the latest information about function releases and optimizations in Cost Center. |
7 |
Cost Assistant offers maturity scores and insight recommendations to help you manage costs better. |
8 |
Your cost allocation is analyzed by enterprise project, cost tag, and cost category, and rates the cost management maturity based on the optimal allocation method. |
Functions
The following table describes the tools offered by Cost Center.
Category |
Tool |
Description |
Function |
---|---|---|---|
Cost planning |
Cost and usage forecasting |
Forecasts your future costs and usage based on your historical costs and usage on Huawei Cloud. |
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Budgets |
Allows you to configure budgets and stay informed of how your costs and usage progress. |
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Budget reports |
Tracks your budgeting on a regular basis if you create budget reports on the Reports > Budget Reports page. |
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Cost management and control |
Budget alerts |
Sends you an alert by email or SMS when your actual cost or usage reaches the configured alert threshold. |
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Cost anomaly detection |
Monitors the costs of your pay-per-use resources to detect cost anomalies and reduce unnecessary expenditures. |
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Enterprises' costs and reports |
Cost analysis |
Presents your cost data visually, 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. |
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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. |
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Cost details |
Allows you to export the details of monthly amortized costs. |
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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. |
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Cost Categories |
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. |
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Cost optimization |
Pay-per-use to yearly/monthly |
Analyzes the expenditures of your pay-per-use resources. Based on the analyses, Cost Center provides optimization options of changing the billing mode from pay-per-use to yearly/monthly, helping identify places where you can save money. |
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Savings plans |
Provides you with custom savings plan recommendations based on your historical pay-per-use expenditures to help you save money. |
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Reserved instances |
Allows you to view your RI utilization, RI coverage, net savings, and potential savings. |
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