Key Takeaways What cloud cost management covers: Cloud cost management is the practice of tracking, allocating, and optimizing cloud spend, and with more than one provider it starts with getting every bill into one consistent dataset. Why multiple bills are hard: Each provider exports billing data in its own format, and AI and SaaS spend now add more bills on top of the clouds. What standardization fixes: FOCUS, the FinOps Foundation’s billing data specification, cuts normalization work, but provider versions and coverage still differ.