FinOps Center Spend Cards are a Critical Capability to drive accountability in month. As opposed to reconciling your bill at the end of the month, Spend Cards require Product Owners to Approve or Dispute their Spending with a Period.
- Periods are defined as the 1st of Each month through the Saturday at 11:59
- Standard Periods are from 12:00AM Sunday through Saturday at 11:59
- The Final Period of Each Month ends at 11:59 of last day of the month but can be later into the following month if your bill has adjustments. CCoE runs the Final Cards once they receive their bills.
Note: The CUR can be update for the previous Month till the 8th of the following month
Spend Cards Amounts have conditional rendering to provide users context of how the spending in the periods aligns to the monthly budget that has been approved.
- Spend Red if (Monthly Planned Budget / 30 = Daily Budget) > Time Card Total / Days) by greater than 10%
- Spend Green - if (Monthly Planned Budget / 30 = Daily Budget) < Time Card Total / Days)
- Spend Orange if (Monthly Planned Budget / 30 = Daily Budget) > Time Card Total / Days) by less than 10%
- Spend Black if (Monthly Planned Budget / 30 = Daily Budget) Time Card Total / Days) is + or - 2%
In FinOps Center, Period Cards are available for the Current and Previous Month. As Spend Cards are used to drive accountability to ultimately resulting in confidently paying your AWS Bill, Spend Cards are made available in the Application UI for the Past and Current Month. Customers will receive their AWS Bill for the Prior Month during the first week of the Current Month. Once the Prior Month's Cards have been Approved, they will generate invoices and their Use will be complete. They will then be available in the Database via BI Tooling