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Economize

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Company health

Employee growth
16% decrease in the last year
Web traffic
12% decrease in the last quarter
Financing
August 2022 - $620K

Ratings

G2
4.8/5
(36)
TrustPilot
3.7/5
(1)

Economize description

Economize is a cloud cost management software designed for engineering teams at companies of all sizes. It helps you understand, manage, and reduce your cloud expenses. Economize connects to your cloud provider accounts (like AWS, GCP, or Azure) and analyzes your spending patterns. It then provides you with detailed reports, alerts you to unusual cost spikes, and suggests ways to optimize your cloud resources. Economize aims to give you a clear picture of your cloud costs so you can make informed decisions and avoid overspending.


What companies are using Economize?

BiteSpeed is using Economize
BiteSpeed
Infra.Market is using Economize
Infra.Market
DeepSource is using Economize
DeepSource
Amplemarket is using Economize
Amplemarket
Capchase is using Economize
Capchase
ShopUp is using Economize
ShopUp
NEo is using Economize
NEo
NEvaya is using Economize
NEvaya
marketfeed. is using Economize
marketfeed.
Tecton is using Economize
Tecton
Pacific Northwest National Laboratory is using Economize
Pacific Northwest National Laboratory
Crayon is using Economize
Crayon
Zapier is used by BiteSpeed, Infra.Market, DeepSource, Amplemarket, Capchase, ShopUp, NEo, NEvaya, marketfeed., Tecton, Pacific Northwest National Laboratory, Crayon.

Who is Economize best for

Economize is a cloud cost management solution designed for engineering teams. It helps companies understand, manage, and reduce cloud expenses through real-time cost monitoring, automated optimization recommendations, and clear cost breakdowns. Users praise its intuitive dashboards and proactive alerts, while some note a need for expanded cloud provider support. Economize integrates with AWS and GCP, offering a 14-day free trial.

  • Ideal for small to large businesses seeking efficient cloud cost management.

  • Especially beneficial for software, IT, and telecommunications companies.


Economize features

Supported

Economize provides comprehensive cost reports that offer a detailed overview of cloud spending, breaking down costs by service, resource, and other relevant dimensions. This allows users to easily understand their spending patterns and identify areas where they can potentially reduce costs.

Supported

Economize's recommendations engine analyzes cloud usage and suggests specific optimization opportunities. This helps users uncover hidden costs and potential areas for savings, allowing them to make data-driven decisions to improve their cloud spending efficiency.

Supported

Economize sends notifications and alerts to users regarding their cloud costs. This helps users stay informed about their spending and enables them to proactively address any potential cost overruns or unexpected expenses.

Supported

Economize offers real-time cost monitoring capabilities, alerting users to any anomalies or cost spikes. This enables users to take immediate action to address any cost-related issues, preventing unexpected expenses and maintaining better control over their cloud spending.

Supported

Economize allows users to connect their cloud accounts (such as AWS, GCP, or Azure) quickly and easily. This enables seamless integration with existing cloud infrastructure, making it easier for users to manage and track their cloud costs across different platforms.

Supported

Economize automatically scans connected cloud accounts to identify potential cost-saving opportunities. This feature provides users with actionable insights on how to optimize their cloud spending and reduce costs.


Economize reviews

We've summarised 37 Economize reviews (Economize TrustPilot reviews and Economize G2 reviews) and summarised the main points below.

Pros of Economize
  • Real-time cost monitoring and anomaly alerts are highly praised.
  • Clear cost breakdowns and visualizations are appreciated.
  • Automated cost optimization recommendations are valuable.
  • Excellent customer support and onboarding experience.
  • Easy integration with existing cloud providers (AWS, GCP).
Cons of Economize
  • Lack of Azure support is a common complaint.
  • Some users find the application slow or unresponsive.
  • Limited customization options and integrations are mentioned.
  • UI/UX issues on smaller screens have been reported.

Economize pricing

The commentary is based on 20 reviews from Economize G2 reviews.

Economize helps control and optimize cloud costs, offering valuable insights and recommendations for maximizing savings. Users appreciate its cost analysis features and reporting capabilities, leading to significant cost reductions in cloud spending. Some users mention minor bugs, but overall the pricing sentiment is positive regarding value.

See the Economize pricing page.

  • Economize has a free plan.

  • Economize has a free trial.

Plus
99

Essentials to start your cloud cost optimization journey. Best suited for organizations with $50k monthly cloud spend.

Premium
499

Packs everything, best suited for fast-growing companies having $50k to $100k monthly cloud spend.

Professional
999

Spending a lot on cloud? Multiple accounts? Best suited for $100k+ monthly cloud spend.

Enterprise
Custom

Custom pricing for organizations and cloud partners to manage cloud costs across large environments and multiple billing accounts.


Economize alternatives

  • Logo of CloudForecast
    CloudForecast
    Painless cloud cost monitoring with clear reports and smart alerts.
    Read more
  • Logo of AWS Budgets
    AWS Budgets
    Plan, track, and control your AWS cloud costs.
    Read more
  • Logo of Yotascale
    Yotascale
    Cloud cost control, insights, and optimization across providers.
    Read more
  • Logo of AWS Trusted Advisor
    AWS Trusted Advisor
    Optimizes AWS performance, security, and cost with tailored advice.
    Read more
  • Logo of Vantage
    Vantage
    Cloud cost clarity and control, optimizing for savings.
    Read more
  • Logo of Caliper
    Caliper
    Cloud cost insights for smarter spending and saving.
    Read more

Economize FAQ

  • What is Economize and what does Economize do?

    Economize is cloud cost management software for engineering teams. It helps companies understand, manage, and reduce cloud expenses through cost reporting, optimization recommendations, alerts, real-time monitoring, and cloud account integration. It supports AWS and GCP, offering detailed cost analysis and automated savings opportunities.

  • How does Economize integrate with other tools?

    Economize integrates with major cloud providers like AWS and GCP, enabling direct access to cost and usage data. It lacks Azure support, which is a notable limitation for users of that platform. Integration with other tools is not detailed in the provided information.

  • What the main competitors of Economize?

    Alternatives to Economize include cloud cost management tools like OpsLyft and Caliper. Other options, depending on your needs, are JumpCloud, 4me, Microsoft Intune, and Jira Service Management. These competitors offer various features like IT management, device security, and service desk capabilities.

  • Is Economize legit?

    Economize appears legitimate, offering cloud cost management solutions and positive user reviews regarding cost monitoring and optimization. However, some users mention a lack of Azure support and UI/UX issues. Consider exploring alternatives if these are critical for your needs.

  • How much does Economize cost?

    Economize offers a free trial and a free plan. Paid plans are Plus ($99), Premium ($499), and Professional ($999). Enterprise pricing is custom. Is Economize worth it? It depends on your cloud spend and optimization needs, but the tiered pricing model offers flexibility.

  • Is Economize customer service good?

    Customers consistently praise Economize's excellent customer support, highlighting their fast response times and helpfulness in resolving issues and even implementing feature requests. Some users mention minor bugs, but emphasize the support team's effectiveness in addressing them.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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