AWS and Azure native savings plans (SPs) and reserved instances (RIs) require a one or three-year commitment to deliver significant savings over on-demand rates. Archera Insured Commitments can be purchased within your own payer account to deliver savings similar to native SPs and RIs, but cut the commitment term down to as few as 30 days.
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Archera GSP and GRI Insured Commitments augment the utility of standard commitments with flexible terms that enable you to:
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Hundreds of organizations rely on Archera’s unique commitment insurance to deliver ongoing savings and flexibility using techniques that are approved by your cloud service provider. Your organization’s Insured Commitments are guaranteed and reinsured by third-party policies, providing additional layers of protection.
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Use Archera’s free platform to build customizable purchasing plans that utilize only native CSP commitments — or choose to include GSPs and GRIs, each showing the total savings of the commitment with Archera’s insurance premium included. When you purchase a GSP or GRI, Archera transforms an underlying native commitment into a short-term Insured Commitment. You will only be assessed a GSP or GRI insurance premium if the commitment generates savings.
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After holding an Insured Commitment for its 30-day or one-year term, Archera’s Moneyback Guarantee automatically reimburses you for losses in the event you no longer fully use the underlying CSP commitment. Archera doesn’t just credit you against future costs — you are immediately made financially whole.
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“I think Reserved Instances or general bulk discounts on Amazon are fairly challenging … our volumes and our loads change fairly significantly … for us to go out and buy a one-year subscription for a Reserved Instance is something that we had never really considered because, what we thought was overloaded six months ago is now extremely underutilized today, and we would have just been stuck with that commitment for a year.”
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