NEW YORK--(BUSINESS WIRE)--Vantage, the leading cloud cost management platform that provides actionable insights for every engineer, today announced the availability of Autopilot for AWS Savings Plans to optimize spend for Amazon Elastic Compute Cloud (EC2), as well as AWS Lambda and AWS Fargate. The new feature continuously analyzes AWS workloads to provide automatic purchasing of Compute Savings Plans commitments and tailored recommendations based on usage insights. This allows businesses to achieve the optimal effective discount without manual effort and with less risk of overcommitment, with many customers realizing up to 70% savings.
AWS Savings Plans have been available since 2019, but are gaining in popularity due to recent policy changes from AWS regarding Reserved Instances (RIs). With the flexible discounts available, and the options for configuring lookback period, term length, and payment terms, AWS Savings Plans can offer tremendous savings. However, capturing the optimal savings opportunity requires an ongoing effort by infrastructure teams to stay on top of their changes in spend and purchase the right plans at the right time.
“AWS Savings Plans are a fantastic savings opportunity, yet many infrastructure teams struggle to stay on top of executing on the right plans at the right time with the right configuration,” said Ben Schaechter, co-founder and CEO of Vantage. “Autopilot makes it incredibly easy for engineers to turn on automatic savings, while simultaneously gaining more granular control over their cloud spend. When combined with our broader visibility and optimization features, Vantage is quickly becoming the go-to platform for modern cloud cost management.”
Vantage Autopilot for AWS Savings Plans is simple to set up for any Vantage customer that has connected AWS. With this existing integration, Vantage can now monitor cloud spend and automatically purchase Savings Plans based on preset business requirements for lookback period, term length, and payment terms. Businesses no longer need to worry about staying on top of cloud spend as their spend patterns change and purchasing the right Savings Plans. Vantage customers can use Autopilot for AWS Savings Plans to ensure they always have the right coverage, while also reducing complexity and maximizing savings.
Autopilot for AWS Savings Plans is now generally available, offering the lowest cost automated solution in the industry.
For more information about Autopilot for AWS Savings Plans, read the blog post, visit the Vantage documentation page, or request a demo.
About Vantage
Vantage is the leading cloud cost management platform that provides actionable insights for every engineer. While every business strives to save on cloud spend, most engineering teams lack the tools to gain granular visibility across siloed infrastructure. Vantage brings FinOps to every engineer, delivering actionable intelligence across cloud providers that enables organizations to achieve cost savings targets, increase efficiency, and scale their FinOps practice. Unlike traditional cloud cost management solutions, Vantage provides deep visibility into resources across all the major providers, including AWS, Microsoft Azure, Google Cloud, Snowflake, Datadog, MongoDB, and more. These out-of-the-box integrations allow engineers to get started with Vantage in minutes. The platform combines best-in-class cloud cost allocation, reporting, and forecasting with powerful features, like virtual tagging, network flow visibility, anomaly detection, and automated recommendations. This allows organizations to significantly improve efficiency and reduce cloud spend, with customers reporting savings of up to 50% on their cloud bill in the first 30 days. Trusted by hundreds of customers, including Aflac, Block, Compass, PBS, Barstool Sports, Rippling, and Vercel, Vantage is headquartered in New York City and backed by top-tier venture firms, including Andreessen Horowitz and Scale Venture Partners. Discover more at www.vantage.sh.
