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Cloud Expense Management Solutions:
6 Must-Have Capabilities

       

Are you being asked to control cloud spending? The cloud was once seen as a haven from rising infrastructure costs, but managing the cost of cloud services is now a major concern. Cloud Expense Management (CEM) solutions can help, and ZK Research has this guidance for identifying market-leading solutions

Cloud Growth = Expense Problems

Cloud services will grow to

$370 Billion

in five years

say it’s challenge to account for cloud spending and service usage

say cost savings is the biggest issue with existing cloud deployments

What is a Cloud Expense Management Solution?

CEM is the key technology platform helping companies develop cloud governance, execute cloud cost optimization programs, and build out a FinOps framework. Think of it as the machine behind the FinOps curtain.

CEM Solutions: 6 Must-Have Capabilities

Cost
Optimization

Money and productivity savings for IaaS, SaaS, UCaaS and more

Expense
Management

Financial administration for invoices, bill pay, and contracts

Analytics

AI-powered cost savings recommendations based on service usage data

Automation

Money and productivity savings for IaaS, SaaS, UCaaS and more

Integrations

Vast information gathering and solution customization options

Reporting

Real-time alerts, budget forecasting, and tracking capabilities

A well-implemented Cloud Expense Management solution can result in 20% to 40% savings and triple-digit ROI in the first year.

– Zeus Kerravala, Founder and Principal Analyst, ZK Research

Buyer’s Guide:

What to Look for in a Cloud Expense Management Solution