# CloudSpend commitment reports

Gain clear insights into your cloud discounts and track your savings over time. Monitor utilization and coverage across every Savings Plan, Reserved Instance, and negotiated discount so none of the commitments you have already paid for go to waste.

## What are Commitment Reports?

Commitment Reports provide clear insight into your cloud commitments—Savings Plans, Reserved Instances, Spot usage, and other pre-paid discounts. They show utilization and coverage metrics across services, regions, accounts, and tags. By tracking effective savings rates over time, you can assess how well your commitments are performing and whether you're maximizing value. The reports also help with showback and internal chargebacks, enabling cost accountability across departments. This feature empowers teams to optimize cloud commitments, avoid underutilization, and make data-driven decisions on renewing or adjusting long-term contracts.

### See also

[View Blog](https://blogs.manageengine.com/itom/cloudspend)

[View Pricing](https://www.manageengine.com/cloudspend/pricing.html)

### Explore CloudSpend

[Cost Reporting](https://www.manageengine.com/cloudspend/features/cost-reports.html)

[Cloud cost recommendations](https://www.manageengine.com/cloudspend/features/cost-recommendations.html)

[Resource reports](https://www.manageengine.com/cloudspend/features/resource-reports.html)

## Key benefits of commitment reports

### Unlock maximum AWS discounts

AWS discounts

Keep a close eye on all your AWS savings mechanisms-Savings Plans, Reserved Instances (RIs), Spot Instances, and Enterprise Discount Programs (EDP). Easily track changes in coverage and discover opportunities to increase your savings.

![AWS discounts](https://cdn.manageengine.com/sites/meweb/images/cloudspend/cs-commitment-discounts.svg)

### Utilize your savings plan efficiently

Increase savings rate

Use detailed metrics like the effective savings rate to guide your FinOps strategy. Demonstrate how your cloud optimization efforts drive down costs and improve financial efficiency over time.

![Increase savings rate](https://cdn.manageengine.com/sites/meweb/images/cloudspend/cs-commitment-savings-rate.svg)

### Granular showback for business units

Resource showback

Generate custom reports that break down your AWS commitments by account, tag, region, and more. Quickly identify and respond to shifts in coverage with in-depth, filtered views of your cloud costs.

![Resource show-back](https://cdn.manageengine.com/sites/meweb/images/cloudspend/cs-commitment-showback.svg)

## Featured resources

### How CloudSpend reduces your AWS Spot Instance costs

Blog

Spot Instances offer some of the steepest discounts on AWS, and CloudSpend shows you where that spare capacity is already paying off.

[Read more](https://blogs.manageengine.com/cloudspend/2023/12/19/how-cloudspend-helps-reduce-the-costs-associated-with-your-aws-spot-instances.html)

### In-depth guides to FinOps

Articles

Go deep on cost optimization, tagging, governance, AI spend, and more, with practical guidance you can act on.

[Read articles](https://www.manageengine.com/cloudspend/articles/)

### Cloud cost terms, made clear

FinOps Glossary

Look up the FinOps, cloud cost, and AI spend terms your team keeps running into, explained in plain language.

[Browse the glossary](https://www.manageengine.com/cloudspend/finops-glossary/)

### Help and documentation

User Guide

Get set up quickly and learn how to use every CloudSpend feature, step by step.

[Read more](https://www.manageengine.com/cloudspend/help/savings-report.html)