What are the benefits of consolidated billing for AWS Cloud services?

Explanations:

Consolidated billing allows organizations to aggregate usage across multiple AWS accounts, which can lead to volume discounts based on the total usage. This helps in reducing overall costs.

Consolidated billing does not incur a minimal additional fee for use; it is a billing structure that helps manage multiple accounts under a single bill without extra fees.

One of the primary benefits of consolidated billing is that it provides a single bill for multiple accounts, simplifying the billing process and making it easier to manage expenses across an organization.

Consolidated billing does not provide installment payment options. Payments are typically made in full based on the aggregated usage of all accounts.

While AWS allows for the creation of budgets and cost management tools, consolidated billing itself does not directly facilitate custom cost and usage budget creation. Budgets are managed separately.