---
title: Exploring Cloud Cost Management
description: Learn more about Cloud Cost Management with a sample workflow and reviewing the benefits that it can provide for different users in your organization.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-asset-management/cloud-cost-management/exploring-cloud-insights.html
release: australia
product: Cloud Cost Management
classification: cloud-cost-management
topic_type: concept
last_updated: "2026-03-12"
reading_time_minutes: 3
breadcrumb: [Cloud Cost Management, IT Asset Management, Asset Management]
---

# Exploring Cloud Cost Management

Learn more about Cloud Cost Management with a sample workflow and reviewing the benefits that it can provide for different users in your organization.

## Cloud Cost Management overview

Cloud Cost Management helps you analyze the full range of costs related with cloud assets so you can identify and act on chances to save money and optimize operations.

## Cloud Cost Management workflow

Cloud Cost Management continuously monitors your cloud infrastructure to analyze costs so you can identify and act on resources to save money and optimize operations.

\[Omitted image "end-to-end-flow.png"\] Alt text: Monitoring the cloud infrastructure to analyze costs of your cloud assets.

## Cloud Cost Management benefits

|Benefit|Feature|Users|
|-------|-------|-----|
|Optimize cloud costs and usage by gaining complete visibility of your cloud spend and usage through an intuitive and streamlined user interface.|[Cloud Cost Management Workspace](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/cloud-cost-management/ci-workspace.md)|Executives/FinOps Practitioners/Cloud Managers/Cloud Administrators|
|Rightsize cloud resources by getting automated recommendations on how to reduce cloud costs by correctly dimensioning cloud resources to match usage.|[Rightsizing resources](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/cloud-cost-management/rs-cloudin.md)|Cloud Administrators/Application owners|
|Decrease costs by the conversion of on-demand payment plans to reservation plans for your cloud resources.|[Commitments](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/cloud-cost-management/ri-cloudin.md)|Cloud Administrators/Application owners|
|Identify cost optimizations targets by analyzing areas of high spend and stranded cloud assets.|[Unused resources](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/cloud-cost-management/ur-cloudin.md)|Cloud Administrators/Application owners|
|Turn off resources when not in use by identifying cloud resources that aren’t used outside normal working hours and automatically turn them off and on.|[Business hours](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/cloud-cost-management/bh-cloudin.md)|Cloud Administrators/Application owners|
|Allocate budgets|[Cloud budgets](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/cloud-cost-management/bf-cloudin.md)|FinOps Practitioners/Cloud Administrators|
|Automate optimization approvals by integrating cloud optimization tasks into your existing change management processes.|[Change Management](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/it-service-management/c_ITILChangeManagement.md)|FinOps Practitioners/Cloud Administrators|