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FinOps – cloud cost optimisation

Delivering cloud consumption optimisation to reduce costs and avoid unnecessary spend.

 

Exploring FinOps

FinOps (cloud financial management) is a growing professional discipline within large enterprises. It aims to control ongoing cloud spend by working with financial, IT and DevOps stakeholders across the business.

FinOps as a practice seeks to do the following:

  • Manage ongoing cloud costs by avoiding unnecessary spend through over specified resources
  • Prevent last-minute overspend through accurate forecasting and reservation of cloud requirements at an optimal price
  • Optimise ongoing costs and take advantage of cost reduction opportunities through detailed insights and data
  • Accurately allocate cloud costs across the business

Our FinOps resources

We have a wide range of resources on FinOps to help you get started on your pathway to cloud optimisation as a practice:

FinOps whitepaper

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FinOps case study

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FinOps datasheet

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Our cloud consumption optimisation expertise

The more complex the organisation and cloud usage, the greater the need for FinOps.  However, many organisations are still struggling with where to start.

We have a dedicated team that specialise in the ongoing optimisation of enterprise licensing and cloud consumption, and can help you with the following:

  • Advice and guidance to create your own internal FinOps discipline, to fit into your organisation’s processes and procedures
  • Validation and verification for your current FinOps practice, making appropriate recommendations where necessary
  • Outsourcing some or all your FinOps discipline to us, whilst adhering to any specific in-house processes

Benefits of cloud financial management

Cloud cost optimisation

Take advantage of cloud cost optimisation techniques for improved cloud ROI.

Cloud cost reduction

Reduce ongoing spend and cost through improved cloud procurement strategy.

Avoid unnecessary spend

Take advantage of competitive pricing and avoid expensive last-minute spending.

Accurate cost allocation

Spread the cost of cloud accurately across the appropriate business units.

Accurate spend forecasting

Predict peaks and troughs of cloud resource and therefore spend. Take advantage of competitive pricing by resource reserving.

Data and insights

Make informed decisions through the availability of data and insights on your cloud consumption.

The importance of FinOps for cloud cost optimisation

With the growth in cloud adoption comes the inevitable growth in associated consumption costs. So how do you monitor, control, and optimise those elements ongoing?
Watch our fireside chat with Jason Pepper, Head of SAM Practice, as he discusses the cross-functional practice of FinOps to create enhanced cloud cost management. He also shares his tips on how to kick start your own FinOps practice.
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FinOps – cloud cost optimisation

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