With Microsoft Azure reserved instances (RIs), you can gain significant savings when you reserve a VM in advance. Azure RIs provide simplicity and flexibility in the following ways:
- Available for one or three-year reservation terms for better budget and forecasting.
- Easy to purchase in a few steps and setup completed is in seconds.
- Cancel or exchange reserved instances at any time for adjusted refund.
- Have automated management of Azure RIs with instance size flexibility.
- Manage reserved instances usage at the organizational or individual department level.