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Wave – Feature Overview

A guide to Wave's cloud cost visibility and management features.

Written by Yo Fukuda

Overview

Wave is a cloud cost visibility and management platform for Ripple users. You can issue Wave login credentials for your own organisation or for your customers, and view real-time daily and monthly cost data across multiple accounts and cloud providers.

By setting budgets and thresholds, Wave can notify you when costs approach or exceed configured limits — helping you stay on top of cloud spend at all times.


Features

Daily and Monthly Graphs

Wave's graph view gives you a precise picture of your cost trends across any date range.

Setting

Options

Period

Up to the past 1 year — specify any custom date range

Type

Daily, monthly

Style

Line, bar, stacked — with additional colour and style customisation

Data export

CSV, SVG

By selecting a date range in the calendar, filtering by service, and switching between daily and monthly views, you can monitor cost trends with precision. The selected period and filters can be exported as data or as an image.

Display specifications:

  • Transfer fees for services such as EC2 (Amazon Elastic Compute Cloud) and RDS (Amazon Relational Database Service) are displayed as a separate AWS Data Transfer line item

  • EBS (Amazon Elastic Block Store) charges are included within the EC2 line item


Reports

At the start of each month, the previous month's cost report is displayed below the graph, showing usage and cost details at the individual service level.

Displayed information:

  • Service name

  • Description — region and service details

  • Usage amount

  • Usage fee


Billing Statement

The billing statement displays the total charges per account, including service totals and items such as support charges.


Reserved Instances and Savings Plans

  • Purchased — A list of purchased RIs, including service, purchasing account, instance type, and other details

  • Utilisation Rate — Displays the utilisation rate of purchased RIs

  • Recommendations — Taking into account already purchased RIs, recommends RI purchases for instances currently running on-demand


Invoice Details

Invoice details display the total service cost per account, including items such as support fees.


Cost Forecast and Budget Notifications

Configure budgets based on actuals and forecasted costs:

Setting

Options

Start month

Any month of your choice

Period

3 months, 6 months, or 12 months

Budget notification settings:

Setting

Options

Threshold

Enter any value as a percentage

Notification method

Email, Slack, MS Teams

You can also drill down into the current month's actuals on a daily basis, with a graph showing cost by service compared to the previous month.


Need More Help?

If any errors occur during the process or if you have any questions, please reach out to us:

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