Introducing Cost Allocation
We’re excited to announce Cost Allocation, a new feature accessible under the “Cost Assist” heading in the side navigation. This feature allows users to create, update, and trigger cost reallocations. Cost allocation is an important FinOps capability for organizations that want to perform accurate chargeback or showback to their respective teams. It ensures that teams receive their "fully loaded" costs to run their applications, products, platforms etc.
Ternary Cost Allocation allows you to:
- Create rules to be executed immediately and rules that can be scheduled to run daily
- Restrict rules to a specified date range
- Filter rules to execute against a label such as a specific application, project, team etc.
- Choose to reallocate by fixed proportions (statically weighted) or in proportion to each target’s share (dynamically weighted)
Learn more about Cost Allocation in this support article.