How Pump works
How can Pump help me Save?
Pump primarily saves through three major mechanisms
Group Buying (we have such a high spend underneath our billing umbrella that we are able to unlock volume discounts). This is because we pay 1 bill to AWS with all of our customers under that billing umbrella. For group buying, we can save on S3, EC2-other, EBS, DynamoDB, and a few other services. The specific amount we can save depends on the usage type, and the AWS/Pump organization you currently are in. The amount of group buying savings can be seen on the group buying tab on the Pump Dashboard.
Our Model (our model scans your usage and optimizes by buying Reserved Instances & Saving Plans). Depending on your infrastructure needs, we buy a 1 or 3 year RI or Savings Plan, which helps customers get discount rates on your AWS usage, all the way up to 72% for certain instance types. We can optimize for over a dozen AWS services, including EC2, RDS, Redshift, OpenSearch, ElastiCache, and MemoryDB.
Waterfall Coverage (If a company isn't using an RI or SP, we can help apply this to other organizations). This means that if a customer comes with an unused RI or SP, they can apply to other members of an organization. Since we transfer the costs associated with existing RIs or SPs, these instances with better rates and lower commitments mean that both parties benefit.
Reselling RIs & SPs (If you previously committed to an EC2 Reserved Instance, whether in another organization or independently), you can register to become an AWS re-seller and we can sell the instance based on certain parameters.
How Does Pump Work
We are a licensed AWS & GCP reseller, and AWS incentivizes long term commitments with high discounts. Our AWS page can be found here. AWS benefits from the phenomenon of consolidated billing, where they receive one bill from us, rather than hundreds of smaller bills.
How Much Can We Save?
Depending on your instance type, commitment length, region, and infrastructure usage, we can save you up to 72% for a 3-year reserved instance. The majority of our customers will receive savings between 20-40% off their bill, all for free.
Pump's Model
Our model forecasts your individual spend (based on past data, a risk score, and a survey).
We automatically purchase commitments (with our autopilot model on your behalf (Reserved Instances/Savings plans) so you get the maximum discounts.
Last updated