Your savings autopilot to identify cost savings and lower your AWS EC2 bill
RI Maximizer™ decreases your IT spending as you maintain the best technology. Do you really need the best technology? Can you really decrease spending? Using RI Maximizer™ means maximizing ROI, and that means maintaining the latest cloud technology appropriate for your corporate needs, and minimizing waste within the scope of your IT strategy.
Cash under your mattress is uninvested and not growing, but at least it’s cash you can spend. Stop throwing your cash-stuffed mattress into the dumpster. Keep your IT infrastructure modernized to your needs for much less than you spend now.
It’s easy to fall into the trap of optimizing for utilization.
RI Maximizer™ focuses on your ROI by automatically finding under-utilized or obsolete Convertible Reserved Instances and exchanging them for new RIs that are appropriate for your needs. Technology and utilization factor into the decisions, but ROI satisfies your operational needs while spending less.If your AWS instances are not Reserved Instances, you are probably paying the full on-demand retail price. RI Maximizer™ enables you to increase your RI coverage without increasing your liability. It does this by exchanging your Convertible RIs during their contract term for the RIs you need. The new contract term allows you to reset the clock with new Convertible RIs that fit your current needs.
Doesn’t exchanging Convertible RIs come with a cost?
Not really. Exchanging Convertible RIs is free, retaining the same start and end dates, but you must convert RIs as whole units. So, you pay true-up cost if the value of the new RIs is more than the remaining value of your current RIs. However, you can trade a larger Convertible RI for a greater number of smaller instances to minimize additional cost. For example, an intermediate conversion to t3.nano instances has a maximum $21-per-year increase. Using the t3.nano as a smaller unit of currency enables you to use almost all the value of your current instances, or you can use all the value by reserving additional instances with minimal true-up cost. Plus, you get closer to your actual operational needs instead of being stuck with larger resources.
Isn’t it time-consuming to monitor all these Convertible RIs?
For maximum time savings, use RI Maximizer™ as your savings autopilot to allow the Cloudwiry team to curate and execute the RI conversions found by RI Maximizer™ based on your corporate strategy and policies. If you prefer more control, you can also use this solution to monitor and approve transaction lists before they are made.