Potential Savings for Commitments based on payment types now available

Note:This enhancement is available with Cloud Cost Optimization.

Understanding your spend recommendations is the key to optimizing your cloud spend. Using this enhancement, FinOps teams can now view potential savings for commitments based on payment types, helping you make more informed purchasing decisions.

On the Optimization page (Cloud > Cost Optimization > Optimization), the Rate Reduction Savings card now includes additional filters, enabling you to see what you might save per month by using a discount program (such as Reserved Instances or Savings Plans) from a cloud vendor:

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Commitment type—Reserved Instance or Savings Plan.

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Commitment term—1 year or 3 years.

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Payment type—No Upfront, All Upfront, or Partial Upfront.

Previously, the Rate Reduction Savings card showed the potential savings and the number of recommendations, but did not allow filtering by commitment type, commitment term, or payment type.

By applying these filters, you can now focus on the various payment types and purchase options that are important to your organization. This enhancement ensures that you see an accurate sum of potential savings tailored to your business needs.

For more information, see Total Potential Savings in the Flexera One Help.