Shared Cost Attribution and BudgetingUnit economics and rate cards help to manage shared cost

In today's business environment, accurately attributing shared costs like cloud and vendor expenses is crucial for companies to maintain accountability and gain a comprehensive understanding of their product costs. Unit economics and internal rate cards are effective tools in managing these shared costs by creating contracts among teams providing services to each other. Companies often adopt OpenMeter usage metering and unit cost features to attribute shared costs between customers. Establishing unit economics involves calculating the unit cost and metering the consumption of each consumer to accurately attribute spending. Rate cards are an internal static price list of shared resources that can serve as a contract between teams building on top of each other's services and business planning with cost. These tools enable businesses to budget, forecast, and make strategic decisions based on cost implications.