CloudFix RightSpend offers an innovative solution by enabling businesses to reduce their convertible Reserved Instances (cRIs) commitments at any time. This flexibility is especially valuable when overcommitted on an AWS Enterprise Discount Program (EDP) and facing potential shortfall payments, which would otherwise be wasteful. With RightSpend, you can avoid EDP shortfalls by making a lump sum payment for 3-year all-upfront Savings Plans (SPs) (e.g., a $100/hour SP costs $2.6 million upfront) just before the cutoff date. RightSpend will automatically shrink cRIs to ensure full utilization.
While some may argue that this approach merely postpones the challenge and complicates meeting EDP commitments in the next period, it is still a preferable alternative to a complete loss from shortfall payments.