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Managing cloud costs can be a headache. You’re juggling budgets, resources, and trying to keep your team on track while maintaining cost efficiency. Cloud cost management tools can help you get a handle on spending and make sure you’re not overspending on resources you don't need.

In my experience, these tools are a lifesaver. They offer insights that let you see where your money's going and how to save it.

In this listicle, I’ll share my top picks for the best cloud cost management tools on the market. You’ll get an unbiased look at each tool's features and benefits, so you can decide which one fits your needs.

Best Cloud Cost Management Tools Summary

This comparison chart summarizes pricing details for my top cloud cost management tool selections to help you find the best one for your budget and business needs.

Best Cloud Cost Management Tool Reviews

Below are my detailed summaries of the best cloud cost management tools that made it onto my shortlist. My reviews offer a detailed look at the key features, pros & cons, integrations, and ideal use cases of each tool to help you find the best one for you.

Best for DevOps integration

  • Free plan available
  • Pricing upon request
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Rating: 4.8/5

Harness is an AI-powered cloud cost management solution tailored for DevOps teams and engineers. It helps organizations optimize cloud spending while seamlessly integrating with DevOps workflows to automate processes.

Why I picked Harness: It focuses on DevOps integration, offering features that align closely with continuous delivery and deployment practices. You can automate cloud cost management tasks, reducing manual intervention and errors. The platform provides real-time cost insights, helping your team make data-driven decisions. It also offers customizable dashboards that provide visibility into cloud spending, making it ideal for teams wanting to incorporate cost management into their DevOps processes.

Standout features & integrations:

Features include real-time cost insights that help you stay informed about your spending. The platform offers customizable dashboards to visualize cost data in a way that suits your team's needs. You can also automate routine cost management tasks, reducing the workload on your team.

Integrations include AWS, Google Cloud Platform, Microsoft Azure, Kubernetes, Terraform, and more.

Pros and cons

Pros:

  • Aligns with continuous delivery
  • Automates routine tasks
  • Real-time cost insights

Cons:

  • Can be resource-intensive
  • Limited cost-to-feature mapping

Best for detailed cost insights

  • Free 14-day trial + free plan available
  • From $15/user/month (billed annually)
Visit Website
Rating: 4.3/5

Datadog is a cloud cost management tool aimed at providing detailed insights into cloud spending for IT teams and developers. It helps businesses monitor cloud expenses and optimize resource allocation to remain cost-effective.

Why I picked Datadog: It offers detailed cost insights, allowing your team to break down expenses by service and usage. You can set up custom dashboards to visualize spending patterns and identify cost-saving opportunities. The platform provides real-time alerts to notify you of any unexpected expenses, keeping your budget on track. In my experience, its granular reporting features are invaluable for teams needing in-depth analysis.

Standout features & integrations:

Features include customizable, cloud-native dashboards that help your team visualize cloud spend in a way that supports ongoing cloud optimization efforts. Real-time alerts surface unexpected cost changes, allowing teams to maintain budget control during and after cloud migration initiatives. Granular reporting provides deep insight into usage and spending patterns, helping organizations optimize resources and make informed decisions across complex cloud environments.

Integrations include AWS, Microsoft Azure, Google Cloud Platform, Kubernetes, Docker, Slack, and more.

Pros and cons

Pros:

  • Ideal for in-depth insights
  • Supports detailed reporting
  • Real-time spending alerts

Cons:

  • Basic predictive forecasts
  • Requires strong tagging discipline

Best for real-time monitoring

  • Free plan available
  • Pricing upon request

CloudWatch is a monitoring and management service for AWS, used primarily by IT teams and developers. It provides real-time data and insights into application performance and cloud resource utilization.

Why I picked CloudWatch: It excels in real-time monitoring, offering quick insights into system performance and operational health. You can collect and track metrics, set alarms, and automatically react to changes in your AWS resources. Its dashboard provides a unified view of operational data, helping you make informed decisions. The ability to monitor logs in near real-time sets it apart for those needing immediate insights.

Standout features & integrations:

Features include metric collection, which helps you gather and analyze operational data efficiently. Alarm functionality lets you set thresholds and receive notifications when metrics fall out of expected ranges. The service also provides log analytics to help you understand system performance and troubleshoot issues quickly.

Integrations include Amazon EC2, Amazon RDS, AWS Lambda, Amazon S3, Amazon DynamoDB, and more.

Pros and cons

Pros:

  • Detailed log analytics
  • Scalable with your needs
  • Supports AWS ecosystem

Cons:

  • Inflexible dashboard customization
  • Limited deep query power

Best for hybrid cloud management

  • Free demo available
  • Pricing upon request

Flexera is a cloud cost optimization tool tailored for businesses managing hybrid cloud environments. It serves IT teams and financial departments by providing insights into cloud spending and helping to optimize resource usage.

Why I picked Flexera: It excels at hybrid cloud management, offering features that help you monitor and manage costs across multiple cloud platforms. You can track usage and spending with detailed reports, ensuring you stay within budget. The tool provides visibility into both private and public clouds, making it easier to manage complex environments. It also offers optimization recommendations, helping you make informed decisions about resource allocation.

Standout features & integrations:

Features include spend tracking that helps you monitor expenses across different cloud services. The tool provides a detailed cost analysis, allowing you to dive deep into your spending patterns. It also offers resource optimization suggestions to help you get the most out of your cloud investments.

Integrations include AWS, Microsoft Azure, Google Cloud Platform, VMware, Slack, Dropbox, and more.

Pros and cons

Pros:

  • Visibility into multiple cloud platforms
  • Optimization recommendations
  • Detailed spend tracking

Cons:

  • Slow large dataset UI
  • Can be resource-intensive

Best for enterprise-level analytics

  • From $21/user/month

Apptio Cloudability is a cloud cost management platform designed for enterprises seeking to optimize their cloud expenditures. It serves large organizations by providing cost transparency and financial management solutions tailored to cloud computing environments.

Why I picked Apptio Cloudability: Its strength lies in enterprise-level analytics, offering detailed insights into cloud spending and resource utilization. You can connect usage and cost data to business benefits, enabling more strategic financial decisions. The platform supports IT Financial Management and Strategic Portfolio Management, improving financial accountability. It also provides tools for anomaly detection and cost optimization, making it ideal for large enterprises.

Standout features & integrations:

Features include cost transparency tools that give you a clear view of cloud expenses. Savings automation helps reduce costs by identifying unused and idle resources, and optimizing usage. The platform also offers strategic portfolio management to align cloud investments with business goals.

Integrations include Jira, Datadog, AWS, Microsoft Azure, and more.

Pros and cons

Pros:

  • Anomaly detection features
  • Supports large enterprises
  • Detailed cost analytics

Cons:

  • Can be data-intensive
  • Requires financial expertise

Best for multi-cloud environments

  • Free plan available
  • From $708.33/month (billed annually)

CloudBolt is a cloud management platform designed to assist organizations in managing multi-cloud environments. It caters to IT teams and cloud administrators by providing tools for cost management, automation, and governance across different cloud platforms.

Why I picked CloudBolt: It excels in managing multi-cloud environments by offering features that help you oversee and optimize resources across various clouds. You can automate provisioning and manage workloads with ease, ensuring efficient use of resources. The platform provides governance tools to maintain control over cloud operations. It also offers insights into cloud spending, helping you make informed decisions about your infrastructure.

Standout features & integrations:

Features include workload automation, which simplifies the process of managing applications and services across clouds. Governance tools help you enforce policies and maintain security standards. The platform also provides cost visibility, allowing you to track and analyze expenses effectively.

Integrations include AWS, Microsoft Azure, Google Cloud Platform, VMware, Kubernetes, and more.

Pros and cons

Pros:

  • Supports complex cloud setups
  • Detailed cost visibility
  • Automation of cloud operations

Cons:

  • Weak scheduling features
  • Resource-intensive operations

Best for security compliance

  • Free trial available
  • From $99/user/month (billed annually)

CloudCheckr is a cloud cost management tool designed for organizations that prioritize security compliance. It serves IT and security teams by providing tools to manage cloud costs while ensuring compliance with industry standards.

Why I picked CloudCheckr: CloudCheckr stands out for its on-demand security and compliance capabilities across complex cloud environments, including hybrid and on-premises deployments. It helps organizations enforce consistent compliance policies across multiple business units, ensuring configurations align with regulatory requirements and industry best practices. With detailed security reporting and automated compliance monitoring, CloudCheckr gives teams clear visibility into risk and helps them respond quickly to potential issues.

Standout features & integrations: 

Features include on-demand compliance assessments that continuously evaluate cloud and on-premises configurations against established standards. Its reporting tools deliver actionable insights into security gaps across different business units, while automated alerts flag compliance violations in real time so teams can take corrective action without delay.

Integrations include AWS, Microsoft Azure, Google Cloud Platform, VMware, ServiceNow, Slack, Jira, and more.

Pros and cons

Pros:

  • Ideal for security-focused teams
  • Detailed security reports
  • Strong security compliance features

Cons:

  • Slow large report loads
  • Clunky UI/UX navigation

Best for compliance management

  • Free demo available
  • Pricing upon request

VMWare Tanzu CloudHealth is a cloud cost management platform used by enterprises to manage compliance, optimize costs, and gain insights into multi-cloud environments. It serves IT and compliance teams by providing governance and cost management tools.

Why I picked VMWare Tanzu CloudHealth: It specializes in compliance management, offering features to ensure adherence to industry standards and regulations. You can use policy-driven governance to maintain control over cloud environments, reducing compliance risks. The platform provides reporting tools to audit and ensure regulatory alignment. 

Standout features & integrations:

Features include policy-driven governance that helps you enforce compliance across cloud environments. Cost optimization insights allow you to manage expenses effectively while maintaining compliance standards.

Integrations include AWS, Microsoft Azure, Google Cloud Platform, VMware, IBM Cloud, Oracle Cloud, and more.

Pros and cons

Pros:

  • Supports multi-cloud environments
  • Detailed reporting capabilities
  • Strong compliance management

Cons:

  • Basic Kubernetes visibility
  • Weak showback/chargeback models

Best for financial planning

  • Free demo available
  • Pricing upon request

Finout is a cloud cost management tool designed for businesses focusing on financial planning and cost optimization. It primarily serves finance teams and decision-makers by providing detailed cost analysis and budget management features.

Why I picked Finout: It focuses on financial planning, offering features that allow you to track and manage cloud expenses effectively. You can create detailed financial reports that break down costs by service and department, helping you allocate resources efficiently. The platform provides tools for budget forecasting, enabling you to predict future expenses accurately. It also includes customizable dashboards that let you visualize financial data in a way that suits your team's needs.

Standout features & integrations:

Features include anomaly detection that alerts you to irregular spending patterns. Cost allocation tools help you distribute expenses across different departments or projects. The platform also offers scenario analysis, allowing you to explore various financial outcomes based on different spending patterns.

Integrations include AWS, Google Cloud Platform, Datadog, Salesforce, Slack, and more.

Pros and cons

Pros:

  • Anomaly detection alerts
  • Scenario analysis capabilities
  • Customizable dashboards

Cons:

  • Can be data-intensive
  • Missing visualization options

Best for Google Cloud users

  • Free plan available
  • Pricing upon request

Google Cloud Cost Management is a cost management solution tailored for organizations using Google Cloud Platform (GCP). It is designed for IT teams and financial managers who need to monitor and control cloud spending effectively.

Why I picked Google Cloud Cost Management: It is specifically tailored for Google Cloud users, offering features that integrate seamlessly with GCP services. You can access detailed cost breakdowns to understand your spending patterns better. The tool provides budget alerts to help you manage costs proactively. Its predictive cost forecasting helps you anticipate future expenses, ensuring you stay within budget.

Standout features & integrations:

Features include cost breakdowns that allow you to analyze spending by service and project. Budget alerts notify you when you approach your spending limits, helping you manage expenses effectively. 

Integrations include Google Kubernetes Engine, Google Compute Engine, Google Cloud Storage, Google BigQuery, and more.

Pros and cons

Pros:

  • Seamless GCP integration
  • Predictive cost forecasting
  • Detailed cost breakdowns

Cons:

  • No multi-cloud support
  • Requires GCP expertise

Other Cloud Cost Management Tools

Here are some additional cloud cost management tools options that didn’t make it onto my shortlist, but are still worth checking out:

  1. Kion

    For government compliance

  2. nOps

    For AWS cloud users

  3. Ternary

    For budget tracking

  4. Vantage

    For SMB cost control

  5. Pelanor

    For predictive cost analytics

  6. CAST AI

    For Kubernetes cost control

  7. ProsperOps

    For automated savings plans

  8. CloudZero

    For cost anomaly detection

Cloud Cost Management Tool Selection Criteria

When selecting the best cloud cost management tools to include in this list, I considered common buyer needs and pain points like budget overruns and resource wastage. I also used the following framework to keep my evaluation structured and fair:

Core Functionality (25% of total score)
To be considered for inclusion in this list, each solution had to fulfill these common use cases:

  • Monitor cloud spending
  • Provide budget alerts
  • Offer cost optimization insights
  • Generate detailed cost reports
  • Support multi-cloud environments

Additional Standout Features (25% of total score)
To help further narrow down the competition, I also looked for unique features, such as:

  • Predictive cost analytics
  • AI-driven insights
  • Automated savings plans
  • Real-time anomaly detection
  • Customizable dashboards

Usability (10% of total score)
To get a sense of the usability of each system, I considered the following:

  • Intuitive interface design
  • Ease of navigation
  • Minimal learning curve
  • Accessibility of key features
  • Customization options for users

Onboarding (10% of total score)
To evaluate the onboarding experience for each platform, I considered the following:

  • Availability of training videos
  • Interactive product tours
  • Access to templates and guides
  • Supportive chatbots
  • Webinars for new users

Customer Support (10% of total score)
To assess each software provider’s customer support services, I considered the following:

  • Availability of live chat support
  • Responsiveness to inquiries
  • Quality of knowledge base articles
  • Access to phone support
  • Availability of dedicated account managers

Value For Money (10% of total score)
To evaluate the value for money of each platform, I considered the following:

  • Competitive pricing against peers
  • Flexibility in pricing plans
  • Transparency in cost structure
  • Features included in basic plans
  • Discounts for long-term commitments

Customer Reviews (10% of total score)
To get a sense of overall customer satisfaction, I considered the following when reading customer reviews:

  • Consistency in positive feedback
  • Commonly reported issues
  • Frequency of updates and improvements
  • Customer loyalty and retention
  • Overall satisfaction ratings

How to Choose Cloud Cost Management Tools

It’s easy to get bogged down in long feature lists and complex pricing structures. To help you stay focused as you work through your unique software selection process, here’s a checklist of factors to keep in mind:

FactorWhat to Consider
ScalabilityCan the tool grow with your company? Consider future needs and whether the tool can handle increased data and users without significant additional costs.
IntegrationsDoes it integrate with your existing systems? Check for compatibility with platforms like AWS, Azure, or Google Cloud, and ensure smooth data flow.
CustomizabilityCan you tailor the tool to fit your workflows? Look for options to customize dashboards, reports, and alerts to match your team's specific needs.
Ease of useIs the tool intuitive and user-friendly? Test the interface to ensure your team can navigate it easily without extensive training or a steep learning curve.
Implementation and onboardingHow quickly can you start using the tool? Evaluate the availability of resources like training videos, product tours, and support to ease the transition.
CostDoes the pricing fit your budget? Compare costs with competitors, consider long-term value, and watch for hidden fees in pricing plans.
Security safeguardsAre data protection measures adequate? Ensure the tool complies with industry standards and offers features like encryption and access controls to protect data.
Compliance requirementsDoes the tool meet your regulatory needs? Verify if it supports compliance with standards relevant to your industry, like GDPR or HIPAA, to avoid legal issues.

What Are Cloud Cost Management Tools?

Cloud cost management tools are software solutions designed to help organizations monitor, analyze, and optimize their cloud spending. IT professionals, financial managers, and DevOps teams generally use these tools to control costs and allocate resources efficiently. 

Budget alerts, cost optimization insights, and detailed reports help with tracking expenses and making informed financial decisions. Overall, these tools provide organizations with the ability to manage cloud expenditures effectively, ensuring resources are used wisely.

Features

When selecting cloud cost management tools, keep an eye out for the following key features:

  • Budget alerts: Notify users when spending approaches or exceeds predefined limits, helping prevent budget overruns.
  • Cost optimization insights: Provide recommendations for reducing expenses by identifying unused resources and suggesting cost-saving measures.
  • Detailed reporting: Offers reports on cloud spending, enabling users to analyze expenses by service or department.
  • Predictive cost analytics: Forecast future expenses based on current usage patterns, helping teams plan and manage budgets effectively.
  • Real-time monitoring: Tracks cloud spending in real-time, allowing users to make timely adjustments and avoid unexpected costs.
  • Policy-driven governance: Enforces compliance with industry standards by automatically applying policies across cloud environments.
  • Customizable dashboards: Allow users to tailor the interface to display the most relevant data for their specific needs and workflows.
  • Integration capabilities: Connect seamlessly with existing systems and platforms, ensuring smooth data flow and visibility.
  • Security safeguards: Protect sensitive data with features like encryption and access controls, ensuring compliance with security standards.
  • Anomaly detection: Identifies unusual spending patterns or spikes, enabling users to investigate and address potential issues promptly.

Benefits

Implementing cloud cost management tools provides several benefits for your team and your business. Here are a few you can look forward to:

  • Cost savings: By optimizing resources and identifying savings opportunities, these tools help reduce unnecessary expenses.
  • Budget control: With budget alerts and real-time monitoring, you can prevent overspending and stay within financial limits.
  • Improved decision-making: Detailed reporting and predictive analytics provide the insights needed for informed financial planning.
  • Improved security compliance: Policy-driven governance ensures adherence to industry standards, reducing compliance risks.
  • Efficient resource allocation: Customizable dashboards and integration capabilities allow for better management of cloud resources.
  • Proactive issue resolution: Anomaly detection alerts you to unusual spending, enabling quick investigation and problem-solving.
  • Scalability: Tools can grow with your organization, supporting increased data and user needs without significant additional costs.

Costs and Pricing of Cloud Cost Management Tools

Selecting cloud cost management tools requires an understanding of the various pricing models and plans available. Costs vary based on features, team size, add-ons, and more. The table below summarizes common plans, their average prices, and typical features included in cloud cost management tools solutions:

Plan Comparison Table for Cloud Cost Management Tools

Plan TypeAverage PriceCommon Features
Free Plan$0Basic monitoring, limited reporting, and budget alerts.
Personal Plan$7+-$30/user/monthImproved monitoring, basic cost optimization insights, and customizable dashboards.
Business Plan$200+/user/monthAdvanced reporting, real-time alerts, integration capabilities, and predictive analytics.
Enterprise PlanCustom pricingFull set of compliance tools, detailed cost analysis, automated anomaly detection, and full customizability.

Cloud Cost Management Tools FAQs

Here are some answers to common questions about cloud cost management tools:

What types of businesses benefit most from cloud cost management tools?

Any business using cloud services can benefit, but those with large-scale cloud operations see the greatest impact. These tools help manage expenses and optimize resources, which is vital for tech companies, enterprises, and any organization heavily reliant on cloud infrastructure. They’re especially useful for businesses that need to monitor multiple cloud environments or have complex billing structures.

How do cloud cost management tools integrate with existing systems?

Most tools offer integrations with popular cloud platforms like AWS, Azure, and Google Cloud. They often provide APIs and connectors to sync with other software your team uses. Check if the tool supports your current tech stack to ensure seamless data flow and avoid manual data entry.

Can cloud cost management tools help with budgeting?

Yes, these tools can help you set and maintain budgets by providing real-time spending data and alerts. They let you track actual spending against budget forecasts and adjust allocations as needed. This proactive approach helps prevent overspending and aligns financial planning with business goals.

Are cloud cost management tools secure?

Yes, most tools prioritize security by offering encryption, access controls, and compliance with industry standards. When evaluating tools, ensure they meet your organization’s security requirements and check for certifications like ISO or SOC. It’s important to protect sensitive financial and operational data.

What’s Next:

If you're in the process of researching cloud cost management tools, connect with a SoftwareSelect advisor for free recommendations.

You fill out a form and have a quick chat where they get into the specifics of your needs. Then you'll get a shortlist of software to review. They'll even support you through the entire buying process, including price negotiations.

Paulo Gardini Miguel
By Paulo Gardini Miguel

Paulo is the Director of Technology at the rapidly growing media tech company BWZ. Prior to that, he worked as a Software Engineering Manager and then Head Of Technology at Navegg, Latin America’s largest data marketplace, and as Full Stack Engineer at MapLink, which provides geolocation APIs as a service. Paulo draws insight from years of experience serving as an infrastructure architect, team leader, and product developer in rapidly scaling web environments. He’s driven to share his expertise with other technology leaders to help them build great teams, improve performance, optimize resources, and create foundations for scalability.