Currency Support
Cloud Cost Optimization is truly multicloud and multicurrency. Organizations who are billed for their cloud services in multiple countries (and hence multiple currencies) can use Flexera One to convert their cloud usage bills to a single base currency.
Customers would need to define the base currency within Flexera One, that is, the currency in which reporting is desired. Flexera One will convert bills in any other currencies into this base currency for standardized reporting. Flexera One can use foreign exchange rates that is either provided by Flexera One or alternatively connect to a finance application to source the exchange rate.
Since each cloud provider has their unique billing currencies and usage content definitions, Cloud Cost Optimization provides the ability for viewing these in a single normalized manner at the base currency defined by the customer.
The following topics describe how currency is handled in Cloud Cost Optimization billing information:
| • | Base Currency |
| • | Cloud Bills in Multiple Currencies |
| • | Currency Situations and Use Cases |
| • | Number Formatting |
The base currency is the currency to report your cloud costs. The default base currency for Flexera One is USD and the default currency symbol is $. However, based on your individual requirements, this might need to be changed to other currencies depending your business. Flexera One supports the ISO currency symbol set throughout the user interface.
Cloud Bills in Multiple Currencies
Flexera One also provides the ability to adjust costs at ingestion to standardize these for consistency across cloud providers. Customers who receive cloud bills in multiple currencies can use the Bill Adjustments feature to convert these bills to the single base currency by automatically applying the desired currency exchange rate.
Currency Situations and Use Cases
We have illustrated your options with Cloud Cost Optimization if you use multiple currencies in the following table.
|
Situation |
Solution |
|
All cloud provider bills are provided in USD. |
No action needed. Cloud Cost Optimization shows USD $ as the default currency symbol. |
|
All cloud provider bills are provided in non-USD currency and are all the same currency. |
To change to your default currency symbol, refer to currency_setting in the Bill Analysis API. |
|
Cloud provider bills are provided in differing currencies. |
Consider using Bill Adjustments to convert to a single base currency. Refer to currency_setting in the Bill Analysis API to change the default currency symbol to the required single currency. |
Number and currency values are shown in a two decimal format within Cloud Cost Optimization pages in Flexera One.
For example, 23.000001 shows as 23.00.
To see more granularity of the values relating to number and currency, you can export your data to CSV by clicking the Export button or directly pulling data from the API. Hover over the button icon to view the button name. Hover over the button icon to view the button name. For additional information about exporting data, see Exporting Tabular View Data.