Latest OnSpend Updates Customize Cloud Billing Management

Posted by Ken Pascoe, Product Dev Technical Lead, - Oct 15, 2020

Cloud billing and budget management in a pay-as-you-go digital world is a must. You need tools to keep track of cloud usage and to provide granular details of how your cloud infrastructure is being utilized, especially because no one has the exact same environment or budget.

That’s why OnSpend by Onix™ recently underwent a major update. While OnSpend undergoes regular monthly updates to address issues, improvements, and new features, the latest release (v2.13.56.0), takes cloud billing management to a new level.

This release introduces two new features that address some of the most common pain points that users of Google Cloud Platform and Google Maps experience as it pertains to managing costs in their projects and applications.

broken piggy bankWe’ve updated the OnSpend dashboard with a new clean look and the ability to create custom visualizations of your key performance indicators. We’re also introducing a new way to alert you of unexpected costs with cost anomaly detection.

Let’s take a look at these changes and how they can enhance your budget monitoring and cloud billing management strategy.

Anomaly Detection Alerts Users to Unusual Activity

This latest version of OnSpend gives users even greater alert functionality with the addition of anomaly detection. This feature alerts you to unexpected costs and irregular spending trends by utilizing machine learning with cost trend algorithms.

It’s a new addition to the existing list of notifications that are available, including budget expirations, budget milestones, invoices and other events relating to the billing status of your accounts and projects. 

Anomalies in spend data can occur for several different reasons, but no matter what, they can derail even the most carefully crafted budget plan. Using this new feature, OnSpend will notify you when anomalies in spend have occurred, such as unusually high spend on a given day.

Dashboard

The OnSpend anomaly models are also trained to not only detect daily trends but weekly and monthly trends as well. This gives you the chance to identify the reason behind the anomaly and take corrective action if needed to avoid cloud billing surprises.

OnSpend uses machine learning to automatically determine an expected cost range based on historical spend patterns. When a cost exceeds this predicted range, OnSpend can notify you of the anomaly in cost, so you can identify potential runaway spend. It’s continuously learning new trends and insight to become even more effective at detecting anomalies in your usage and spend patterns.

Sometimes, you might expect an increase in spend, but the anomaly alerts are a friendly reminder that OnSpend is monitoring spend around the clock to help prevent overspend. In other cases, the increase is unexpected and could be a sign of an internal issue. In these cases, the anomaly alerts add significant value in bringing these issues to light.

The new anomaly detection feature has already proven its value with a handful of customers that took part in the early testing stages. The anomaly alerts raised awareness of potential budget overages and internal issues that were resolved sooner than they otherwise would have been.

The anomaly alerts raised awareness of potential budget overages and internal issues that were resolved sooner than they otherwise would have been.

Dashboard Customization Delivers the Reports You Need

With this new OnSpend update, we’ve also made some changes to the OnSpend dashboard. We’ve simplified the layout to make the dashboard more intuitive and informative.

As part of these changes, we’ve also given you the ability to control the specific charts and visualizations that you need to understand how your costs are allocated. While we’ve always provided you with default, out-of-the-box visualizations, you couldn’t customize them in any way or any form.

That’s changed. Now you create custom charts of your key performance indicator metrics for a countless number of possible configurations. There’s no limit, so you can fill your dashboard with as many visualizations you need.

ReportingThe new custom charts allow you to choose from four standard KPI metrics: Cumulative Spend, Daily Spend, Monthly Spend, and Top Spend and configure your visualization using one of five different chart types: Line, Area, Bar, Pie, and Table.

We’ll be offering more fully customizable charts options in the future, but this is a great start to help you make the most of your OnSpend experience and maximize your cloud billing management and budget strategy.

But Wait: There’s More to this OnSpend Update!

While the anomaly detection and customized charts in the revamped dashboard are the most notable changes to OnSpend, our development team spent time improving other features and also ironing out some pesky bugs.

Other improvements to the platform include:

  • Adding the Resource Label grouping option to invoice reporting.
  • Adding invoice date type for billing reports and exports.
  • Improving the date range picker in reporting by offering predefined date range options.
  • Resolving an issue with Cloud Storage exports and reports that caused potential overwriting of previous reports.
  • Fixing a bug that caused weekly reports to show more than a week’s worth of data.
  • Remedying problem with batch deleting of alerts when those alerts were inactive or disabled.
  • Displaying alert names with special characters correctly.
  • Ensuring credits on GCP billing accounts display correctly.
  • Disabling milestone fields for users with view permission.

This new OnSpend release is one of the most challenging, important and meaningful ones we’ve offered to date. It gives you a wider range of customized options for better cloud billing management and more detailed ways for you to keep track of usage and spend in GMP and GCP.

This new OnSpend release gives you a wider range of customized options for better cloud billing management and more detailed ways for you to keep track of usage and spend in GMP and GCP.

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MEET THE AUTHOR

Ken Pascoe, Product Dev Technical Lead

Ken Pascoe, Product Dev Technical Lead

Ken is responsible for building and developing the company's OnSpend cloud billing and budget management solution. He has nearly 10 years of full-stack software development experience and enjoys learning and applying new technologies.

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