Cost Management and Governance
Oracle Cloud Infrastructure (OCI) Cost Management and Governance services help monitor cloud spending, increase accountability, and optimize cloud efficiency. These services empower financial leaders establish guardrails, ensuring cost and governance control without impeding growth. Start using the cost and governance suite of products to control, scale, and report on your cloud usage.
Learn how to leverage OCI's various cost management tools to aid the FinOps practices in your cloud implementation. Visualize consumption information, dive deeper into resource-level granular reports, and create accountability against targets for your IaaS/PaaS or SaaS.
OCI helps you enforce your budget so that your cloud costs don't spiral out of control. With services such as functions and quotas, you can satisfy both your budgetary and innovation needs.
Ensure that you're making the most of your cloud resources and rely on OCI to automatically identify and eliminate inefficiencies. Build the most performant environment for your budget.
Introductions to cost management services
This video introduces you to the tools you can use to manage your service costs and track billing and spending.
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Cost Management and Governance services
Organize
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Organization Management
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Organization Management enables you to build, scale, and govern your multi-tenancy environment.
- Create new or link existing tenancies to the organization for centralized management
- Share subscriptions across tenancies
- Manage service restrictions, allowable regions, and tags across the Organization
- Centrally manage cost and governance as the parent tenancy
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Architecture Essentials
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A family of tools consisting of tagging, tenancy explorer and domain management that helps you govern your footprint on OCI.
- Create, manage, and attach tag namespaces, tag keys, and default tags
- Get a comprehensive view of your resources with Tenancy Explorer
- Add your own domain names with Domain Management
Report and Analyze
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Cost Analysis and Reports
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Cost Analysis can help you visualize and track your spending based on your preferred parameters. Cost reports give you a breakdown of your invoice line items at resource-level granularity. This allows you to make better-informed cloud spending decisions. Usage reports provide a detailed breakdown of resources in Oracle Cloud Infrastructure for audits or invoice reconciliation.
- Cost reports are generated every six hours
- Daily usage reports are automatically generated
- Generate custom cost analysis reports and save them
- Estimate future usage based on past usage data
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License Manager
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License Manager helps you audit your bring-your-own-license (BYOL) usage on OCI.
- Automatically attribute your on-premises licenses to cloud resources
- Track your usage of all Oracle and third-party licenses in OCI
- Get notified about oversubscription and license expirations
Governance and control
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Quotas
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Use Quotas in OCI to control and enforce a limit on your resource consumption within your tenancy for a specific compartment.
- Stay in control of your budget by setting up service quotas
- Set a policy with simple declarative language that’s similar to the identity and access management policy language
- Allocate resources with a high level of flexibility to optimize your budget
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Payment and Subscriptions
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Subscriptions lets you view your subscriptions to applications and services as well as related usage details such as billing schedules and rate card information. Invoices and Payment History allow you to view, pay, track and monitor your invoices. With Payment and Subscriptions, track the following:
- Usage information
- Billing schedule
- Rate card
- SaaS Application Usage
- Payment and billing data
Budget and Forecast
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Budgets
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Budgets allows you to set thresholds for your spending on OCI. You'll get notifications if you approach a spending threshold.
- Customize notifications and get alerts on your actual or forecasted spending
- Set your Budgets on meaningful dimensions such as Tags, Compartments, or Tenancies
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Cost Estimator
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OCI Cost Estimator helps you estimate your monthly usage and costs for OCI services before you commit.
- Easy-to-use evaluation
- Bookmarking and sharing capabilities
- Compare cloud services
Optimize and Reduce Cost
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Cloud Advisor
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Cloud Advisor enables you to identify underutilized resources, quickly rightsize your resources, and surface recommendations to improve high availability and security to help you use your cloud resources more efficiently.
- View recommendations for cost optimization, performance, high availability, and security
- Easily implement recommendations to optimize cloud environments
- Report on Oracle Cloud Infrastructure Compute, Database, Storage, Load Balancer, and more
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Oracle Support Rewards
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Accrue rewards based on your OCI usage and decrease your Oracle support cost with Oracle Support Rewards.
- Track accrued rewards
- Dive deep into the usage that earned the rewards
- View redemption codes associated with a subscription
OCI Cloud Advisor: Recommendation logic explained plus new cost savings recommendation
Dipti Ranjan Sahoo , Principal Product Manager, Oracle
We’re happy to announce that Cloud Advisor users can now see new types of compute recommendations, called change to burstable recommendations, in the cost management category. When Cloud Advisor determines that E3 compute instances are consistently underutilized with occasional spikes in usage, it recommends that you convert the compute instance to a burstable instance.
Read the complete postFeatured blogs
- May 26, 2022Announcing License Manager for Oracle Cloud Infrastructure
- May 17, 2022ServiceNow and Oracle Cloud Infrastructure integration for Cloud Provisioning and Governance
- April 26, 2022OCI Tagging Enhances Cloud Governance
- April 25, 2022Introducing cost management widget for the Oracle Cloud Dashboard
See how enterprises are scaling their deployments with OCI for greater cost effectiveness
“We migrated a global inventory management system that tracks thousands of automotive repair parts and accessories from an on-premises system to Oracle Cloud Infrastructure.”
—Masahiko Tamura, General Manager, Supply Chain Systems Department, Mazda Motor Corporation
“Adopting Oracle Cloud Infrastructure as our preferred platform empowers us to speed innovation and transform customer experiences. No other cloud provider delivers the cost and performance benefits we require.”
—Chris Cabrera, Founder and CEO, Xactly
One of the best things about Oracle Cloud Infrastructure is that we can run all of our VMware workloads and other mission-critical applications for two companies, in two regions, on one cloud infrastructure.
“We already have lower costs and a much better analysis of what we consume in terms of hardware resources. It’s also easy to scale the solution up and down.”
—Johan Holmström, IT Operations Manager, NilsonGroup
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Explore how to migrate Tomcat to Oracle Cloud Infrastructure and connect to an Autonomous Database.
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