One of the most complex issues in the Cloud computing industry is chargeback, i.e. marking prices of consumed resources on a granular basis. Amazon posts its prices publicly for all to see, for example it lists the amount spent on compute, or charges per gigabyte sent over the network, etc. Chargeback in Cloud computing arena is the same kind of highly granular pricing assigned to use of internal resources.
IT chargeback is an accounting strategy that bills the costs of IT hardware, software, Cloud services or shared services to the business unit wherein they are used. IT showback is similar to IT chargeback, but the prices are for informational purposes only and no one is billed.
The reason that makes chargeback complex is perhaps not what you would expect. You might think that the reason that resource users prefer to avoid chargeback is because they currently get the same resources for free, and implementing chargeback would result in higher budgetary outflow.
Chargeback-as-a-Service prevents every cost discrepancy
CaaS develops a Total Cost of Ownership (TCO) model for your Cloud assets, and in addition to the acquisition costs, it also incorporates lifecycle management as well as maintenance and support costs. It is the internal IT “cost of service” that often trips up those embarking on the Cloud journey and this can be handled efficiently with CaaS.
The key factor to maintain the TCO is accurate tagging. Centilytics’ CaaS platform ensures that every resource is tagged, leading to better resource management and 100% resource allocation. Centilytics empowers users to achieve tagging through four steps:
Step 1: Visualize tags
Instead of traversing multiple Clouds, accounts, or services, comprehend all your tags on a single dashboard.
Step 2: Define tagging nomenclatures
Avoid mismanagement of your tags by setting up rules defining key value pairs that are mandatory for your entire organizations.
Step 3: Identify incorrect tags
Tags are case sensitive and allow special characters that leads to common mistakes such as spelling errors, extra spaces, letter-casing etc. Identify such errors or others tags which go against your preset conventions.
Step 4: Auto-correct tags
Post visualization, nomenclature setting, and identification, Centilytics empowers you to add, update or delete tags for multiple Clouds, accounts, services, and resources with a single click.
Users can also look at tagging as a way to not leave any resource ignored. Keeping a check on every resource is what end-users look for while managing Cloud infrastructure. Why? The control over resources ensures granular level control. The platform also showcases metadata associated with every resource to make chargeback a smooth process.