Financial Management
At Pump, we are a cloud management platform and our tools are designed to improve how startups and other businesses approach and manage their costs of the cloud on AWS. By leveraging direct integration with the AWS Cost and Usage Report (CUR), support for cost allocation tags, and advanced processing of resource-level information, Pump provides an unparalleled level of visibility and control over cloud spending.
Our team of AWS solutions architects, (consists of 16 AWS certifications including 5 professional / specialty certifications, 8 associate certifications, and 3 foundational certifications) offers more than just a set of tools. We provide profound industry insights bringing experience from AWS Glue and best practices concerning tagging and cost allocation. This expertise empowers our clients to gain a comprehensive understanding of their cloud expenses, meticulously dissecting them by business functions, distinguishing between testing and production environments, and even segregating team-specific costs from shared overheads.
The strategic application of tagging not only facilitates detailed cost tracking but also bridges the crucial divide between engineering activities and financial planning. Through precise cost definition and categorization, businesses can establish clear “North Star Metrics”, aligning cloud spending with key business indicators to strengthen unit economics.
A common challenge faced by many companies is the tendency to base reservation purchases solely on overall daily cost and usage figures. This approach, particularly in environments with fluctuating workloads and peak usage times, often results in inefficient spending and less-than-optimal resource allocation. Pump confronts this issue directly by analyzing cost and usage data on an hourly basis. This level of detail guarantees that reservation choices are guided by real usage patterns, reducing the risk of overcommitment and facilitating more efficient cost management. The Pump platform empowers businesses to fully leverage AWS's capabilities through advanced cost management features. Proper tagging and cost allocation practices enable precise tracking of cloud expenses, critical for informed decision-making and effective budgeting. Additionally, Pump offers detailed insights into resource utilization, highlighting opportunities for optimization and identifying areas of potential waste, thus enhancing overall cost-effectiveness and maximizing ROI. Beyond mere cost tracking, Pump facilitates a holistic understanding of cloud spend, blending it with business performance metrics to drive strategic investment and operational efficiency.
In summary, Pump represents more than just a platform—it stands as a comprehensive solution uniting cutting-edge technology with seasoned guidance. Whether your aim is to streamline cloud costs, adopt top-tier tagging practices, or navigate the intricacies of cloud reservations, Pump and our team of specialists are poised to assist you at every turn. Unleash the complete potential of your cloud investment with Pump, ensuring your cloud strategy harmonizes with your business goals for optimal efficiency and expansion.