Introduction

In recent years, cloud migration has become a necessity for digital transformation. More and more enterprises are migrating their services to the cloud, which they use to provision services in a more efficient, agile, and flexible manner than is possible when using a traditional IT infrastructure. But enterprises are still facing huge challenges in terms of financial management with variable cloud expenditures, including but not limited to:

• Allocating cloud expenditures to identify cost sources and track cost changes
• Accurately forecasting costs and planning budgeting
• Tracking and controlling expenditures more effectively to keep projects within their budgets
• Identifying things that are over budget and optimizing cloud costs

To address these challenges, Huawei Cloud offers a set of solutions to help enterprises manage and optimize costs accurately and effectively. These financial management solutions help cultivate a cost-effective corporate culture, a culture of accountability, and they let you leverage the cloud more efficiently. By doing this, you can better deliver services on cloud and innovate business with expected investments but without letting your expenditures spiral out of control.