Finout is revolutionizing cloud cost management with its innovative Enterprise Discount Program (EDP) feature, designed to empower users with maximum flexibility and accuracy. This feature allows businesses to seamlessly configure their discount agreements directly into Finout, providing a dynamic and self-service approach to monitoring cloud expenses.
This feature ensures meticulous accuracy in reflecting the true cost after discounts, beyond what’s provided in native billing statements from providers. With Finout, users can effortlessly adjust and apply these discounts to all MegaBill accounts, experiencing real-time visibility into their financial landscape without any limitations from Service Level Agreements (SLAs). This allows for more strategic, informed decision-making in managing cloud costs, ensuring that businesses are always ahead in their financial planning.
Finout’s EDP feature supports two configuration options:
Discount Percentage- Represents the percentage of the discount.
Discount Rate- Represents a change in the actual rate itself.
Note:
Only admins are granted access to configure EDP settings in Finout.
Users can define only a single EDP Tag for each account.
Who Can Benefit from Finout's EDP Feature?
Non-direct EDP users: Finout's EDP feature is especially useful for those who do not automatically receive Enterprise Discount Program (EDP) benefits in their Cloud Usage Report (CUR) from AWS. It enables these users to manually add and configure discounts within Finout for a more accurate representation of their post-discount cloud costs.
Versatile discount application: The EDP feature in Finout is versatile and can be used to apply discounts not just for Amazon Web Services, but across various services integrated into a user's MegaBill. This makes it a valuable tool for businesses managing a diversified cloud infrastructure.
For direct EDP recipients: Users who already receive their EDP discounts directly in their CUR from AWS (or any other cloud provider) might not need to use Finout's EDP feature, as their discounts are automatically applied and reflected in their billing data. However, they can still use Finout's EDP feature for any additional, non-AWS services they wish to apply discounts to, or for further customization and detailed monitoring of their cloud costs.
Set Up Your EDP
By selecting a specific cost filter and layering an EDP configuration over it, Finout creates an EDP Tag that includes the assigned rate or percentage.
Navigate to Settings and click EDP setup to set up your EDP.
Configure you EDP:
If this is your first time setting up an EDP in Finout, click Add new EDP.
To modify an existing EDP, click on the three dots beside the EDP and choose Edit EDP Tag.
The EDF Tag key pop-up appears.
Define EDP Rules:
1)Name: Enter a name for the EDP.
2)Add Category: Select a category for the EDP3)Where: Select relevant cost center filters for EDP application.
4)Then: Specify the applicable EDP discount rate or percentage.
- Percentage: This applies to the entire cloud bill. For example, a 50% discount on the AWS bill due to EDP.
- Rate: Represents a specific value. For example, a 1.5$ discount for AmazonEC2 due to EDP.
5)Timeframe settings: Optionally define a timeframe for EDP rules to apply.
6)Additional rules: Incorporate any other specific rules as needed. For instance, a 25% EDP discount on certain services (e.g., Datadog).
7)Set the percentage value for the untagged cost.
8)Receive notifications on any changes made to this virtual tag.
Click Apply EDP Tag.
After applying the EDP tags, you will see a preview of your configurations.
Note: Users can define only a single EDP Tag for each account.
Manage your EDP
Manage your EDP by enabling EDP adjustments and specific cost types.
Enable EDP Adjustments
Enable this EDP to allow all users to see the cost data with EDP adjustments on all Finout pages.
To enable EDP adjustments:
In Finout, navigate to Settings.
You are brought to the Account Settings tab.
In the Account settings tab, toggle-on Select Show cost with EDP adjustments to apply EDP changes across Finout pages.
EDP adjustments are enabled on all of Finout’s pages.
Enable EDP for specific cost types
Allow users to configure which cost type the EDP should be applied to. This functionality ensures consistent and accurate application of EDP across the platform for various cost types, including Net Amortized, Unblended, Amortized, Net Unblended, and Blended Cost. This customization gives users precise control over how EDP affects their cost management and visibility, providing more precise insights into both EDP-adjusted and non-adjusted costs.
To enable EDP for specific cost types:
In Settings, navigate to the Account Settings tab.
You are brought to the Account Settings tab.
Under Cost Types & EDP Configuration, toggle-on the cost types where you want EDP to be applied and click Save.
The Confirm Changes pop-up appears.
Click Apply.
EDP is applied to cost types as default to all views.
Incorporate EDP into MegaBill
After EDP Is set up, you can instantly see it in your MegaBill by toggling the Show cost with EDP.
Note: The Show cost with EDP toggle is only accessible to Admins.
Still need help? Please feel free to reach out to our team at [email protected].