A company is moving some of its on-premises IT services to the AWS Cloud.

AWS Budgets allows organizations to set custom cost and usage budgets and receive notifications when they exceed predefined thresholds. This feature helps the finance department monitor spending and manage budget forecasts effectively. AWS Cost and Usage Reports and Cost Explorer provide detailed billing data but do not include budget notifications. Consolidated billing in AWS Organizations is useful for aggregating billing across accounts but does not provide budget alerts.