2.8.1 Cloud Billing Mechanics

Cloud Billing Mechanics describes how organizations incur charges for using their cloud services, reconcile those charges with their cloud usage, pay their suppliers and use the billing data to optimize the business value of cloud.

At the end of this module you will be able to: 

• List the key elements of the billing relationship between customer and supplier
• Explain why an understanding of cloud billing mechanics is important for FinOps
• Describe how cloud billing differs from traditional IT billing
• List the different levels of billing data available for cloud usage
• Identify the FinOps best practices for managing and using cloud billing data.