It's critical for organizations to track spending, especially for services with consumption-based billing like Oracle Cloud Infrastructure. Today, we're announcing the release of Oracle Cloud Infrastructure Cost Analysis, Budgets, and Usage Reports. Over the last few weeks, we've rolled out this new suite of tools to help customers understand spending patterns, monitor consumption, analyze their bill, and, ultimately, reduce spending.
You need to know where your Oracle Cloud Credits are being spent and how your consumption compares to your commitment amount. Use the Cost Analysis dashboard to view your spending by service or by department (compartment or cost tracking tag). Use trend lines to understand how spending patterns are changing and where to focus cost reduction efforts. For more information, see the documentation.
You need to be proactive about your spending and get early warning if spending accelerates unexpectedly. Use budgets to track actual and forecasted spending for the entire tenancy or per compartment. Set up actionable email alerts at important thresholds to keep the right people informed and direct them to take action before overages are incurred. For more information, see the documentation.
If you want to get a granular view of spending or find ways to save, you need detailed information about your Oracle Cloud Infrastructure consumption. Usage reports enable you to get more insight on your bill or create custom billing applications. The reports contain one record per resource (for example, and instance, DB system, or Object Storage bucket) per hour with metadata and tags. When joined with your rate card, usage reports drive scenarios such as:
In addition to enabling new billing scenarios, usage reports provide transparency into how the billing system works. For example, you can now see how and where rounding occurs, and how resources that existed for less than an hour are billed.
You can download usage reports through the web-based console or by using APIs. For more information, see the documentation.
It's important to enable a new set of users—the cloud controller or accountant—to access billing information but not have the ability to manage or use cloud resources. For the new suite of billing features, access can be granted to nonadministrator users who need access only to billing features. Read more about access management for billing features in the documentation.
The new cost management features in Oracle Cloud Infrastructure build on fundamentals that have existed in our service for a while. Here are some best practices for managing costs: