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 configured, 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 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.	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