Cloud Bills: A Billion-dollar Puzzle
Transitioning to the cloud, be it private, public, hybrid or multi-cloud, without a planned strategy often exposes enterprises to higher spending. To realize greater benefits and avoid vexatious budget surprises, CFOs and CDOs must view clouds from the perspective of cost vs long-term value.
While choosing a suitable pricing model or gaining cost transparency are some of the standard cloud cost management measures, having robust financial governance is the need of the hour to connect the cost of cloud workloads to business value, higher ROI, and zero impact performance. This gap is driving the rise of a new service model—FinOps as a Service.
Can FinOps as a Service Solve the Puzzle?
FinOps connects the cost of workloads to its business value. It positions you to manage cost overruns caused by suboptimal workloads or misaligned pricing models.
FinOps is the portmanteau of ‘Finance’ and ‘(Dev)Ops’. FinOps as a Service is designed to simplify the complex process of cloud financial management by bringing together people, processes and technology. It helps businesses mitigate the financial risk of managing cloud finance by providing knowledge, tools, and strategies.
The Real Benefits of FinOps as a Service
Minimizes financial risk
Leverages diverse innovation
Offers faster impact
Provides access to rich experience
Helps optimize the entire ecosystem
Makes cloud bills predictable
Creates financial accountability
Ensures higher cost visibility
Prevents cloud sprawl
Enables trust across organization
Accelerates agility
Refines cloud management process
Unlock Maximum Business Value & Growth with CloudEngin FinOps as a Service
A Step-by-Step Approach to Achieve Greater Financial Governance
Every business is unique, and so is the cloud financial objective. CloudEngin cloud financial consulting experts run a thorough assessment of your workloads, usage and billings to realize your exact FinOps needs. Following the initial assessment, fail-proof performance tracking and benchmarking plans are drafted to support real-time decision-making. To achieve long-term financial governance, our experts also help clients in planning and implementing cloud rate optimization and usage optimization, as well as establishing a cost-conscious culture.
Cloud Usage And Cost Understanding
Performance Tracking And Benchmarking
Real-Time Decision-Making
Cloud Rate Optimization
Cloud Usage Optimization
Organizational Alignment
Get Tailored Cloud Financial Management Solutions
for Your Exact Business Needs
What’s in the offering?
CloudEngin FinOps
Lifecycle and Services
Phase 1
Discover
Budgeting
- Visibility into IT spend
- Granular cost allocation
- Cost governance configuration
- Spend analysis
- Budget forecasts
- Team bench-marking
Phase 2
Innovate
Optimize
- Visibility into IT spend
- Granular cost allocation
- Cost governance configuration
- Cost analysis and reporting
- Anomaly detection
- Rightsizing recom-mendations
Phase 3
Operate
Govern
- Find and remove unused resources
- Security posture guidance
- Industry peer-level benchmarking
- Integration with ITSM tool
- Real-time decision-making
When FinOps Meets Security Monitoring
Workload misconfiguration, frauds and breaches are major contributors to unpleasant cloud bills. That’s why it’s essential to make cloud security the base of your FinOps strategy. We combine FinOps with our Security Monitoring services to create a shared business-driven strategy for your finance and engineering teams in order to reduce risks while optimizing costs. Our seasoned experts are here to help you reimagine cloud security measures from the ground up, integrating them with our financial analysis model and your ITSM tools to provide granular visibility into cost and compliance scenarios.
Benefits of CloudEngin FinOps + SecMon Service
FinOps Module of our SHOP (Self Healing Operations Platform) based resource utilization monitoring for:
- Action-oriented multi-cloud / multi-dimensional reports through the FinOps tool
- Visibility into compliance and security controls to take proactive steps to avoid any financial & brand impact
- Granular visibility and insights into resources utilization and cost
- Integration with customer ITSM tools
Better financial prediction and bringing the accuracy of forecasts to avoid cost leakages & budget overruns
Tool + experience consultant to drive data-driven business decision
Ready To Drive Financial Accountability And Maximize Business Value From Cloud? Welcome to CloudEngin
Schedule a consultation with our Cloud experts and get answers for any specific queries you may have. You can also schedule a visit to our Datacenters, or share feedback on our website and services.