Rein in Cloud Cost: Nutanix Announces Multicurrency Support in Nutanix Cloud Manager - Cost Governance

By Tarun Girivaru

| min

The Nutanix Cloud Manager™ - Cost Governance (formerly Beam) solution has been helping enterprises track and save on cloud infrastructure costs. NCM Cost Governance currently helps customers from more than 50+ nations build accurate cost reports, and we have listened to customer feedback on local currency support. Financial administrators and cloud managers want to visualize cloud spend reports in their local currency for better understanding and familiar reports across organizations without converting them every time. In addition, a financial cost center within an organization could consume resources across multiple cloud providers who might report cloud costs in different currencies. This makes it very complex to get a cost center spend report in a single preferred currency.

NCM Cost Governance now supports multi-currency across public clouds and on-prem. Cloud managers and financial administrators can now visualize their multicloud costs in the preferred currency.

Multicloud reports in desired currency deliver seamless visualization across the platform

The Cost Governance feature offers a seamless multicloud experience for enterprises looking to simplify cost management. Cloud managers can now view multicloud reports in Cost Governance in their desired currency.

Once a currency is selected, all views and reports across spending analysis, Chargeback, Scope (custom resource group), Budget, Save (cost optimization), and the out-of-the-box reports will report spending in the chosen currency. Users can also choose to toggle across desired and source currencies with a simple click. The .CSV report downloads are dynamically adjusted to the currency the user selected.

More customization with simple controls means fewer manual calculations

Cost Governance will support over 170 forex currencies and cloud managers have the option to select from current market rates or enter their own static rates. This customization is to help cloud managers and financial administrators adhere to their organization's policies.

 

The multi-currency support will remove the complexity of manual calculations and let users build uniform cost reports across organizations. Click here to find out more about multi-currency support.

NCM Cost Governance helps customers track and manage cloud costs across AWS, Azure, GCP (public clouds), and on-prem costs. It offers in-depth multicloud chargeback reports to help solve the cost complexity in organizations. Sign up for a 90 day free trial period today.

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