In September 2023, Flexera introduced new metrics—List Price, Savings, and Savings Percent— to provide granular insights into cost savings and their percentages for commitment-based purchases, including Savings Plans, Spot Instances, and Reserved Instances. Initially exclusive to AWS, these metrics have now been extended for Azure Enterprise agreements, enabling users to effortlessly track Azure savings within Dashboards and Tabular views.
Below are outlined metrics:
List Price: This value reflects the provider-specific details furnished. List price adjustments are applicable, with options for both amortized and unamortized calculations. The breakdown is as follows:
- AWS List Price: The price paid to the cloud provider before any discounts, including those derived from commitments.
- Azure Enterprise Agreement List Price: The price paid post-application of enterprise discounts, yet prior to enjoying benefits from commitments such as Reservations, Savings Plans, and Spot Instances.
Savings: Representing the realized cost savings, this metric denotes the variance between the list price and the actual expenditure.
Savings Percent: An indicator of savings efficiency, this metric denotes the percentage of savings in comparison to the list price.
These new metrics can be seamlessly integrated into Flexera Cloud Dashboards - Rate Reduction, AWS Analyzer, and Azure Analyzer Dashboards, as well as Tabular Views. By harnessing these metrics, users can unlock powerful insights to maximize optimization from rate reduction strategies.
It's important to note that not all costs are subject to savings. Savings are exclusively applicable to spend associated with commitments, such as Savings Plans, Reserved Instances, and Spot Instances. Spend not covered within these commitments will not reflect any savings.
Supporting Documents :
Configuring Custom Dashboard Widgets (flexera.com)
Tabular View (flexera.com)
