Pricing Review & Optimization
Most organizations after migrating to cloud, expect consistent savings across years due to the shift of CAPEX to OPEX, this may be true during initial years. However, in most case companies find themselves unpleasantly surprised by the monthly bills, this is mainly due to lack of cost management and optimization techniques in Cloud Environment. For example, very few organizations adopt few of the these strategies on their cloud investment to leverage & maximize the cost savings:
Reserved Instances
Spot Pricing or Pre-emptible Instances
Hybrid Cloud
Price Matching
Cost Management tools
Tiered pricing and volume discounts
Adopting the above strategies would significantly require resource investment from technical and procurement teams, furthermore most of the companies end up compromising on the advantage of their initial deal with their cloud providers.
Our expert team at Tryamb would engage with you to review your business objectives, provide a list of cost optimization options and consult with you on the right strategy. Our team can also conduct industry benchmarking on prices and recommended a cloud vendor that is best suited to your requirements.
Billing reports that you receive from your cloud vendors have different formats. Therefore, bringing these various forms together to one invoice for each of your customers is a monthly obstacle for many hybrid cloud users. We often see billing snafu by even large cloud providers, leaving customers drastically overcharged for their cloud usage. Combine that with the resource-tag-based pricing schemes that most hybrid cloud resellers want to utilize and the complexity increases manifold. As a result many hybrid cloud resellers send multiple invoices with more cost items appearing. Furthermore customers never get a drill down summary of their consumption information as in general it's been a complex in nature to decode the actual vs billed.
Tryamb offers a service to cloud clients to review their billing through audits to ensure agreed discounts and incentives are implemented appropriately. In addition to catching itemized errors we also provide detailed insights on the cost breakdown along with potential areas to optimize your cloud costs.
Billing Audits
Cloud providers offer variety of computing services to end users. These services are offered at different prices using various pricing schemes and techniques. Cloud pricing models are complicated, which makes purchasing decisions for consumers difficult, with multitude of providers's price lists to compare. Tryamb offers recommendations to clients to choose the appropriate pricing model for their needs such as simply sticking to a pay-as-you-go price or choosing an elaborate negotiated offline price.
Negotiation models can definitely have an impact on the cloud computing business. It can maximize the profit as well the utilization of resources. Market leaders use a very simple negotiation protocol, in which the customer is presented some offers from which companies can either choose to accept or reject them or send back a new proposal. However there are also few of various negotiation strategies adopted in general are: Contract Net, Auction Model, Game Theory Based and Discrete Optimal Control Model, etc. These strategies are selected based on the type of business each provider is running.
Deal Negotiations
What we offer.
Maximize savings with custom insights, trend analysis, and negotiation services for your cloud expenses.