---
sourceDocument: Xanadu IT Asset Management
sourceDocumentLink: https://www.servicenow.com/docs/r/xanadu/it-asset-management

 Release :

    - xanadu

ft:locale :

    - en-US

ft:publication_title :

    - Xanadu IT Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Cloud budgets

# Cloud budgets {#bf-cloudin__title-budget-overview}

* Release version: Xanadu
* 
* Updated August 1, 2024
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

To manage your cloud spend, you can define and monitor custom budget plans. The system compares the plans with billing data to calculate and report on how well budgets are being met. Understanding budget compliance by groups
and service accounts can significantly improve oversight and reduce cloud spend.

## How budget analysis works {#bf-cloudin__section_qrv_1k5_phb}

Each successful Billing download triggers budget refresh automatically. Budget refresh is also triggered manually when a new Budget policy is created.  
Budget Forecast jobs use the cost forecast data from the providers and follow this process:

1. Apply each budget plan to billing data. For more information about plans, see are described in [Create or update a budget policy](https://www.servicenow.com/docs/U_TDbyrhoWOTWRcB4qCQhg#create-budget-policy "Create budget policy to specify a budgeted amount, cost type, reset period, and other aspects of the budget. In addition, specify who can view budget data and who is notified of variances from the budgeted amount.").
2. Update all Budget Forecast reports.
3. Repeat the process whenever billing data is updated or a user requests budget reanalysis.
{#bf-cloudin__ol_qlr_1x2_4jb}  
Note:  
If there's a large number of users, the users may not load correctly or may fail to load to the [Budget view](https://www.servicenow.com/docs/oogXyNiMHR6x98tWiH5gdw "Understand budget compliance by groups and service accounts can significantly improve oversight and reduce cloud spend."). See the Knowledge article for more information [KB0866547](https://support.servicenow.com/kb_view.do?sysparm_article=KB0866547).