Managing Cloud Costs with Octo’s Cost Group
Octo’s Cost Group feature lets you combine CSP accounts, tags, regions, and services into customizable groupings for personalized cost management.
These groupings can be tailored to match specific criteria, giving you detailed views and granular insights into your cloud spending. By breaking down expenses across multiple dimensions, Octo helps you uncover hidden costs, identify inefficiencies, and optimize resources—driving more effective cost management.
With the ability to customize and filter data, Cost Groups make it easier to recognize spending patterns and make informed, data-driven decisions.
💡Note: The foundation of all granular (slice-and-dice) data displayed in Octo comes from the Cost Groups you create.
📝To begin, refer to Getting Started with Octo: Create Cost Groups and follow the outlined steps. Note that only Admin accounts have the ability to create, edit, or delete cost groups. This restriction ensures that sensitive financial information is managed exclusively by authorized personnel, safeguarding both data integrity and organizational security.
Combinations in Cost Group
Another key element in building a Cost Group is the concept of Combinations.
📖 What are Combinations?
Combinations are the core building blocks of Cost Groups in Octo. They allow users to define exactly which accounts, services, regions, usage types, instances, availability zones, API operations, invoices, tags, and resources should be included in a cost group. By setting precise filtering criteria, Combinations act like an advanced filter—giving you the flexibility to break down and analyze cloud costs across multiple dimensions and providers with greater clarity and control.
To dive deeper into how Combinations work and how to create them, see Understanding Combinations in Cost Groups.
Managing Your Cost Groups
After creating and understanding the concept of cost groups, the next step is learning how to manage them effectively. This includes knowing how to view, edit, and delete your cost groups as needed.
📝 Follow these steps to proceed: