Cloud cost management tools help businesses control spending on cloud services by monitoring resource usage and computing demands. These solutions are often integrated with infrastructure-as-a-service (IaaS) offerings to optimize costs within pay-as-you-go models. Cloud cost management software helps reduce waste by notifying users when demand decreases or by automatically adjusting usage to the most efficient levels. Additionally, these platforms enable businesses to improve cloud service efficiency, with many offering reporting features that highlight areas of waste and redundancy. While there is some overlap with SaaS spend management software, the latter focuses specifically on managing spending related to cloud applications, rather than cloud infrastructure.
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