Feature spotlight: multi-currency price management

In this series of posts, sometimes including video, we put the spotlight on existing and new features.

The challenge

Setting proper pricing for your customers inside the VCO portal .

The solution

Using the flexibility of location pricing and custom account pricing in multiple currencies.

Update

We recently (01/04/2022) introduced multi currency support for our price management. This blogpost covers this new feature too.

How does our pricing system work?

Our pricing management system has four major features:

  • Purchase (buying) price per location
  • Selling price per location
  • Default currency for usage and billing per customer
  • Custom pricing per customer

These different pricing features guarantee you a lot of account based flexibility. 

Purchase (buying) prices overview

Before setting the prices you’ll be charging your customers, you’ll probably want to know your purchase price. 

In the left navigation menu, as a submenu of Cloud admin, you can choose the Locations option to show an overview of the location prices. A location is the physical location of the data centre that hosts our hard- and software.

The following will appear.

The prices you see here are the prices we currently charge per service. Here’s an overview of our abbreviations: 

  • MU: memory unit
  • NU: network unit
  • OU: object unit
  • PIU: public IP address
  • SU: storage unit
  • TU: transaction unit
  • VCU: virtual CPU unit
  • WU: Windows unit


Memory Unit (MU)

Type : Allocation
Definition: 1 MU equals to 1GiB of allocated memory
Examples for CU/VCU/MU

Resource typeMemoryvCPUsCUsMUsVCUs
VM4 GB1141
VM3 GB2132
VM4 GB2142
VM5 GB21.2552
VM4 GB31.543
CS with 3 VMs3 x 5 GB84158

Network Unit (NU)

Type: Consumption
Definition: 1 TB consumed traffic from & towards the virtual firewall or external IP address on a VM

Public IP Address Units (PIU)

Type: Allocation
Definition: 1 assigned public IP address equals to 1 PIU

Storage Unit (SU)

Type: Allocation
Definition: 1 TB of allocated vdisk capacity
Example: Calculate number of SUs for a VM with 1 boot disk and 1 datadisk

bootdisk sizedatadisk sizeSU
12 GB512 GB(12+512)/1024 = 0.52 SU

Transaction Unit (TU)

Example: Calculate SU for a VM with 1 boot disk and 1 datadisk

bootdisk limitdatadisk sizeTU
2000 IOPS10000 IOPS(2000+12000)/400 = 35 TU

Virtual CPU Unit (VCU)

Type : Allocation
Definition: 1 virtual cpu in a VM equals to 1 VCU

Windows Units (WU)

Type: Allocation
Definition: for each deployed VM with a Windows OS image its CU counts as WU.

Future update:  the Microsoft SPLA usage will be billed based on the reports by the Octopus.cloud agent running mandatory on all Windows VM’s.

Selling prices overview

When we select the selling tab in the price management overview screen, we will see an overview of the selling prices that are currently set. 

The selling prices that we see here are the default prices for a location. If you sign up a new customer in the VCO portal the default prices will apply.

Prices can be set up per currency. Through the dropdown menu you can switch between currencies.

If you select a currency it will ask you if you want to convert prices from the currency that was selected to the currency you picked.

Basically you have two options in this screen (three if we include cancel):

  • Proceed without converting
  • Convert


If we click Proceed without converting the prices will be ono-on-one the same. So if we take the NU, which is 39€ in this case, and pick USD it will then be 39$.

When we choose to select convert the price will be calculated based on the conversion rate. In this case the conversion rate is a value that tells us how much USD 1 EUR is.

If the convert button is clicked the conversion between prices will take place and the pricing table for USD is filled.

The currency selected will be used as default for new customers.

There is always the option to edit every individual unit price by using the Edit button.

Changes can be undone by using the Discard changes button.

Custom customer pricing

Out of the box all new customers get the default pricing set by the VCO. However, it is possible to pick a client and set custom prices based on the default prices.

To enable custom customer pricing pick Customers in the left menu.

The following screen wil show.

This list shows all available customers for this VCO portal. We pick an available customer in the list.

A screen with basis info about the customer will appear.

To be able to set custom pricing we need to select the Locations tab. The locations tab will shows use the pricing setup per location for this customer.

Here we can see the same locations overview as described before. There is a difference, we are free to assign locations to a customer too, so sometimes this overview features less locations.

After the currency selector there is a remark which says what kind of pricing we have set for this customer. Either the standard prices or custom prices.

The procedure with multiple currencies works the same as described before except this time it is only on the customer specific level.

By clicking Edit is is possible to overrule every individual unit pricing.

On this page you can execute three main actions depending on the situation:

  • Save: save all the changes
  • Discard changes: cancel the changes
  • Reset to standard prices: revert back to the location prices.

In this post we explained in detail how our pricing works. If things are still unclear please don’t hesitate to ask, we are there to help!

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