Cloud Financial Management Tools
Rising cloud adoption and costs exert tremendous pressure for I&O leaders to manage and optimize cloud costs. Cloud financial management tools continue to evolve to meet this challenge. This research will help I&O teams navigate a continuously complex marketplace.
Market Definition
Gartner defines cloud financial management (CFM) tools as tooling that provides the ability to collect, organize, display, optimize and manage the investments in cloud computing infrastructure as a service (IaaS) and platform as a service (PaaS). They leverage algorithms, statistical models and/or AI/machine learning (ML) in support of cost reports, dashboards and/or other mechanisms/interfaces that provide capabilities to monitor cost, utilization and value indicators. This allows users to identify trends, anomalies and misaligned expectations, as well as opportunities to increase the efficiency of cloud configurations, architecture and contracts.
CFM tools enable enterprises to collect and analyze public cloud cost and usage information and apply controls to define budget and cost policies to optimize spending on a continuous basis.
Report 2025
Here is a summary of the vendors featured in the Gartner magic quadrant 2025 report.
For the full analysis and detailed insights, you can read the report
here
and view the magic quadrant graphic
here.
| Market Status | Market Vendor |
|---|---|
Leader |
IBM |
Leader |
Flexera |
Leader |
Broadcom (CloudHealth) |
Visionary |
DoiT International |
Visionary |
Anodot (Umbrella) |
Visionary |
CloudZero |
Visionary |
CloudBolt |
Niche Player |
ServiceNow |
Niche Player |
CoreStack |
Niche Player |
Finout |
Niche Player |
Zesty |
Challenger |
Datadog |
Challenger |
Harness |
Report 2024
Here is a summary of the vendors featured in the Gartner magic quadrant 2024 report.
For the full analysis and detailed insights, you can read the report
here
and view the magic quadrant graphic
here.
| Market Status | Market Vendor |
|---|---|
Leader |
IBM |
Leader |
Flexera |
Leader |
Broadcom (VMWare) |
Visionary |
Anodot |
Visionary |
CloudZero |
Visionary |
CloudBolt |
Niche Player |
ServiceNow |
Niche Player |
Harness |
Niche Player |
NetApp |
Niche Player |
CoreStack |
Challenger |
Datadog |