ManageEngine Extends Support to Google Cloud Platform, Monitors Cloud Cost Management

ManageEngine, a division of Zoho Corp. and leading provider of enterprise IT management solutions, is extending support for CloudSpend, its cloud cost management tool, has extended to Google Cloud Platform (GCP)—now covering the three largest public cloud computing platforms worldwide by market share, enabling enterprises with a multi-cloud setup to streamline their operational expenses.

Additionally, CloudSpend has been enhanced with a cost anomaly detection capability, which helps monitor and manage cost blind spots across multiple cloud service providers, according to the company.

"ManageEngine estimates that organizations operating in a multi-cloud environment often under-utilize their cloud resources, with their cloud usage topping at 55%. At ManageEngine, we believe that CloudSpend will help businesses rise above such challenges and advance in their cloud maturity journey by offering the visibility to stay on top of their investments. This multi-cloud cost intelligence platform follows FinOps best practices and is boosted with smart forecasting features that help reduce operational expenditure. It also bridges the gap between capacity planning and cost optimization for resources running in multi-cloud setups," said Srinivasa Raghavan, director of product management at ManageEngine.

Cost anomaly detection, the newest addition to CloudSpend's wide range of features, acts upon any cost-related anomalies at the organizational level. It identifies unexpected cost increases or resource usage that deviates significantly from the norm. It also provides insights on opaque pricing, where costs may be hidden and potentially higher than expected, according to the company.

Other key features include:

  • Business Units and chargebacks: For greater accountability across departments, CloudSpend Business Units lets organizations carry out chargebacks and implement accountability within organizations.
  • Budgeting and forecasting: Create budgets in multiple currencies through budget policies and set budgetary alerts. Understand how the cost journey takes shape with usage-based, AI-driven forecasting models.
  • Resource Explorer: Drill down costs at the resource level for in-depth cost visibility with smart tagging, and get insights about spinned-off resources.

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