Guide to Commitment Management

This section provides a comprehensive guide to managing cloud commitments effectively using Cloudability’s bespoke commitment functionality. From aligning cross-functional teams on commitment strategy to monitoring performance and configuring alerts, Cloudability empowers FinOps, finance, and engineering teams to make informed, collaborative decisions. Together with native reporting, FinOps and IT Finance professionals should have everything they need to take full advantage of commitment-based discounts.

In this guide, you will learn how to interpret key metrics, navigate the commitment pages, Manager, Portfolio, Recommendations, and Preferences, while leveraging automated alerts to stay ahead of expiration dates and underutilization risk. Additionally, Cloudability’s recommendation engine, which supports preference configuration to surface target recommendations based on known business constraints, helps organizations build tailored financial plans. Finally, with this baseline knowledge, we will explore how our dynamic recommendation algorithm can be leveraged to perform what-if and sensitivity analysis to model a business case and execute on a holistic rate optimization strategy.