List of the Top 12 Cloud Cost Management Software for New Relic in 2025

Datadog serves as a comprehensive monitoring, security, and analytics platform tailored for developers, IT operations, security professionals, and business stakeholders in the cloud era. Our Software as a Service (SaaS) solution merges infrastructure monitoring, application performance tracking, and log management to deliver a cohesive and immediate view of our clients' entire technology environments. Organizations across various sectors and sizes leverage Datadog to facilitate digital transformation, streamline cloud migration, enhance collaboration among development, operations, and security teams, and expedite application deployment. Additionally, the platform significantly reduces problem resolution times, secures both applications and infrastructure, and provides insights into user behavior to effectively monitor essential business metrics. Ultimately, Datadog empowers businesses to thrive in an increasingly digital landscape.

Cloudaware is a cloud management platform delivered as a SaaS solution, tailored for organizations that utilize workloads across various cloud environments and local servers. The platform encompasses a variety of modules, including CMDB, Change Management, Cost Management, Compliance Engine, Vulnerability Scanning, Intrusion Detection, Patching, Log Management, and Backup. Moreover, it connects seamlessly with a wide array of tools such as ServiceNow, New Relic, JIRA, Chef, Puppet, Ansible, and over 50 additional applications. Businesses implement Cloudaware to enhance their cloud-agnostic IT management operations, ensuring better control over spending, compliance, and security measures. This comprehensive approach not only simplifies the management process but also fosters a more efficient overall IT strategy for enterprises.

The Grumatic strategy for cutting down AWS costs is remarkably simple. With a single click, you can initiate actions that will significantly boost your cost efficiency without any hassle. This method epitomizes the easiest way to achieve automated savings in the cloud environment. Since each cloud setup has distinct features, Grumatic provides customized monitoring solutions along with instantaneous alerts. Grasping your spending habits is crucial for effective cost management. Streamlining cloud expenses is not overly complicated; it harnesses the capabilities of artificial intelligence. Our A.I. technology discovers potential savings opportunities and notifies you about areas where costs can be minimized. You can say goodbye to surprise bills forever. The Grumatic Anomaly Detection engine, powered by artificial intelligence, constantly monitors your cloud services in real-time. You will receive immediate notifications if any anomalies are detected, enabling swift corrective measures. The largest savings come from following proven best practices. Grumatic boasts the most comprehensive library of these best practices, featuring more than 80 practical use cases. By easily clicking on recommended actions, you can adjust your cloud configurations and start enjoying the financial benefits right away, making the management of costs more streamlined than ever. In today's digital landscape, taking charge of your cloud spending has never been so straightforward and efficient. Ultimately, the combination of real-time monitoring and intelligent insights empowers users to maintain control over their cloud expenses with confidence.

Sedai adeptly locates resources, assesses traffic trends, and understands metric performance, enabling continuous management of production environments without the need for manual thresholds or human involvement. Its Discovery engine adopts an agentless methodology to automatically recognize all components within your production settings while efficiently prioritizing monitoring data. Furthermore, all your cloud accounts are consolidated onto a single platform, allowing for a comprehensive view of your cloud resources in one centralized location. You can seamlessly integrate your APM tools, and Sedai will discern and highlight the most critical metrics for you. With the use of machine learning, it automatically establishes thresholds, providing insight into all modifications occurring within your environment. Users are empowered to monitor updates and alterations and dictate how the platform manages resources, while Sedai's Decision engine employs machine learning to analyze vast amounts of data, ultimately streamlining complexities and enhancing operational clarity. This innovative approach not only improves resource management but also fosters a more efficient response to changes in production environments.

Cost Reports provide intuitive dashboards that facilitate advanced reporting and filtering of accrued expenses. Users can implement filters to analyze daily spending trends by service, business unit, tag, or account. Moreover, you can incorporate complex logic to fulfill any specific reporting needs. The forecasts feature confidence intervals that refresh daily in accordance with your evolving infrastructure, enabling you to estimate future expenses effectively. You will receive updates concerning costs and trends via Slack, Teams, or email on a daily, weekly, or monthly basis. Additionally, alerts will notify you of any detected cost anomalies. Autopilot evaluates your EC2 workloads and acquires three-year, no-upfront reserved instances, aiding in cost reduction. You can designate which compute categories or regions Autopilot manages. In addition, overseeing commitments and making adjustments to your infrastructure is streamlined, helping you adhere to your budgetary targets. This comprehensive approach ensures you retain complete control over your cost management strategy while also maximizing resource efficiency, ultimately fostering a more strategic financial planning environment.

OpenCost represents a collaborative open-source project that remains impartial to vendors, aimed at tracking and distributing costs related to cloud infrastructure and containers in real time. Crafted by specialists in Kubernetes and supported by industry professionals, OpenCost sheds light on the frequently unclear expenditure patterns tied to Kubernetes usage. It provides various adaptable options for monitoring and allocating costs associated with cloud resources, thereby enabling precise showback, chargeback, and ongoing reporting capabilities. With its real-time cost allocation, users can trace expenses down to the level of individual containers, ensuring meticulous oversight of financial flows. The tool proficiently manages cost distribution for in-cluster resources, such as CPU, GPU, memory, load balancers, and persistent volumes, making it a versatile asset. OpenCost also incorporates dynamic asset pricing through integration with billing APIs from major cloud providers like AWS, Azure, and GCP, while offering customized pricing solutions for on-premises Kubernetes clusters. In addition to monitoring Kubernetes cluster expenditures, it has the capability to track costs from various cloud services related to object storage, databases, and other managed offerings. Moreover, it effortlessly works in conjunction with other open-source applications, facilitating the export of pricing data to systems such as Prometheus, which amplifies its effectiveness in cost management. As such, OpenCost emerges as an all-encompassing tool for organizations aiming to exercise robust oversight over their cloud expenditures while optimizing resource allocation strategies.

CloudCheckr brings together IT, security, and finance departments to collaborate effectively in the cloud ecosystem. It offers comprehensive visibility, insightful analytics, automation for cloud tasks, and robust governance policies. As a versatile cloud management solution, CloudCheckr aids organizations in overseeing their cloud infrastructures while safeguarding their expenditures. With recognition as an AWS Advanced Technology Partner possessing Security and Government competencies, along with being a certified Silver Partner for Azure, we are well-equipped to assist with both multi-cloud and hybrid-cloud strategies, ensuring optimal performance and security for diverse cloud environments.

Boost financial accountability by utilizing efficient resource allocation and thorough monitoring of cloud metering and chargeback through NCM Cost Governance, previously recognized as Beam. This system empowers organizations to enhance visibility, optimize performance, and retain control over public, private, and hybrid multi-cloud environments, ensuring that cloud spending remains within manageable limits. By comprehensively understanding expenditures across various cloud platforms, firms can simplify cost management and governance processes in multi-cloud landscapes. Organizations can achieve significant savings through task automation, appropriate adjustments in resource sizes, and informed choices regarding reserved instance acquisitions. Costs can be allocated based on actual consumption, and a robust chargeback strategy supports governance initiatives effectively. The total cost of ownership is accurately captured, reflecting the genuine expenses tied to private cloud operations and including all relevant IT administrative costs based on tailored industry standards. Moreover, businesses can automatically produce reports that detail cloud usage, allowing for the assignment of untagged costs to specific financial centers, and they can set budget alerts to ensure spending stays within established thresholds, ultimately cultivating a culture focused on financial responsibility. This proactive strategy for managing cloud expenditures not only enhances transparency but also promotes informed strategic decision-making across the entire organization, thereby strengthening overall financial health.

Effectively oversee your cloud environment using top-tier software crafted for automated governance in the cloud. By establishing cloud regulations, such as restricting the creation of public objects, just once, these rules will be automatically implemented for all subsequent accounts created. You can also easily monitor all your policies as they are presented on your organizational chart. This system allows for robust cloud boundaries while enabling self-service account creation, all while providing a thorough overview of your organization. As you approach your budget limits, you will receive alerts or have the option to halt spending, which could lead to a reduction in overall cloud costs by up to 30%. Design financial strategies that are in perfect harmony with your actual needs across various cloud service providers. Use our compliance checks to verify adherence to established standards like NIST and CIS or develop custom standards that meet your unique requirements. Compliance issues can then be resolved automatically or manually through the user-friendly dashboard. Begin today by provisioning auto-governed accounts, performing compliance checks, and gaining financial control in the cloud. We are so confident in the effectiveness of our solution that if you are not completely satisfied, we will eat our hat. By automating the process of setting up cloud accounts, we drastically reduce the time required for setup, leading to a more seamless transition into efficient cloud management, ultimately giving you peace of mind about your cloud operations.

Leverage the capabilities within your Azure subscription to fully harness the advantages of cloud technology while implementing strong financial governance in your business. Keep track of resource usage and manage costs across all cloud platforms from a unified viewpoint, allowing you to access comprehensive operational and financial information that aids in making well-informed decisions. Establish governance measures to ensure effective oversight of enterprise cloud expenditures, improving accountability through budgeting, cost allocation, and chargeback systems. Elevate the returns on your cloud investments by persistently refining costs and adopting leading industry practices. Effortlessly manage expenses from both Azure and AWS through a single dashboard, which provides insights that enhance your cost management processes across both platforms. This approach not only fosters a more efficient and responsible cloud financial strategy but also aligns with your organization's broader objectives, ultimately driving better performance and sustainability in your cloud operations.

Each module can function on its own or in combination to form a robust integrated pipeline that encompasses Continuous Integration (CI), Continuous Deployment (CD), and Feature Flags. All Harness modules leverage the capabilities of AI and machine learning to enhance their performance. Our algorithms are designed to verify deployments, pinpoint opportunities for test optimization, suggest recommendations for cloud cost savings, and restore the system to its previous state in the event of a rollback. They also play a crucial role in facilitating complex deployment patterns, identifying anomalies in cloud costs, and initiating a variety of other tasks. Staring at dashboards and logs post-deployment can be tedious; let us handle the monotonous tasks for you. Harness systematically evaluates the logs, metrics, traces, and other relevant data from your observability systems to assess the health and status of each deployment. If a problematic deployment is identified, Harness is capable of automatically reverting to the most recent stable version, ensuring a seamless experience for users. This automation not only saves time but also minimizes the risk of human error during critical deployment processes.

HCL MyXalytics FinOps is an integral component of the HCLSoftware AI & Intelligent Operation framework, specifically focusing on Intelligent Full Stack Observability. This AI-powered solution provides insights and visibility into cloud financial operations, enabling users to visualize, manage, and optimize their multicloud expenditures while enhancing governance and bolstering security measures. With MyXalytics FinOps, organizations can tailor their visibility settings and establish policies that ensure effective governance practices. This capability is crucial for application and business leaders to avoid excessive costs, compliance challenges, and potential security threats. Furthermore, it includes tools for task assignment and monitoring, allowing teams to address identified issues and track their resolution throughout the entire process, thereby promoting accountability and efficiency. Overall, MyXalytics FinOps is designed to empower organizations in navigating the complexities of multicloud environments effectively.