The correct answer is B: Aws Organization
AWS Cost Explorer: While this service assists with analyzing and visualizing costs across accounts, it doesn't offer central management or consolidated billing.
AWS Billing and Cost Management: This suite includes various tools for cost optimization, but it doesn't directly manage multiple accounts or consolidate billing.
AWS Budgets: This service sets spending limits for individual accounts but doesn't handle multi-account management or consolidated billing.
AWS Organizations: This service excels at centrally managing multiple AWS accounts under one organizational structure. It also offers the consolidated billing feature, allowing the company to receive a single bill for all accounts within the organization. This simplifies tracking and managing expenses for the entire organization.
B. AWS Organizations
"AWS Organizations is an account management service that enables you to consolidate multiple AWS accounts into an organization that you create and centrally manage. AWS Organizations includes account management and consolidated billing capabilities that enable you to better meet the budgetary, security, and compliance needs of your business. As an administrator of an organization, you can create accounts in your organization and invite existing accounts to join the organization."
https://docs.aws.amazon.com/organizations/latest/userguide/orgs_introduction.html
AWS Organizations includes account management and consolidated billing capabilities that enable you to better meet the budgetary, security, and compliance needs of your business. As an administrator of an organization, you can create accounts in your organization and invite existing accounts to join the organization.
AWS Organizations is the AWS service specifically designed for centrally managing multiple AWS accounts. It allows you to create an organization that can contain multiple AWS accounts and provides consolidated billing, along with other management features. By using AWS Organizations, the financial company can have a central management structure for its AWS accounts and enable consolidated billing to simplify the billing process.
AWS Cost Explorer (A), AWS Billing and Cost Management (C), and AWS Budgets (D) are related to cost management and monitoring, they do not provide the centralized management and consolidated billing features offered by AWS Organizations.
B is the answer -> https://docs.aws.amazon.com/awsaccountbilling/latest/aboutv2/consolidated-billing.html#:~:text=You%20can%20use%20the%20consolidated,of%20all%20the%20member%20accounts.
B. AWS Organizations
AWS Organizations is a service that allows you to centrally manage multiple AWS accounts as a single entity, known as an organization. It enables you to create and manage AWS accounts in a hierarchical structure, set up policies to apply to all accounts, and enable consolidated billing across all accounts in the organization. This allows the financial company to manage all its accounts in a centralized way and pay for all accounts under a single payment method.
https://docs.aws.amazon.com/awsaccountbilling/latest/aboutv2/consolidated-billing.html
You can use the consolidated billing feature in AWS Organizations to consolidate billing and payment for multiple AWS accounts or multiple Amazon Web Services India Private Limited (AWS India) accounts.
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