FinOps – Cloud Cost Optimisation
Delivering Cloud Consumption Optimisation to Reduce Costs & Avoid Unnecessary Spend
What is FinOps?
FinOps (Cloud Financial Management) is a growing professional discipline within large enterprises that 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.
FinOps Resources - Version 1 has a wide range of resources on FinOps to help you get started on your pathway to cloud optimisation as a practise.
Version 1 - 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.
The Version 1 has a dedicated team specialise in the ongoing optimisation of enterprise licensing and cloud consumption and can help you with the following:
- Advise and guide with creating your own internal FinOps discipline to fit into your business’s overall processes and procedures.
- Validate/verify your current FinOps practice and make appropriate recommendations.
- Outsource some or all your FinOps discipline to Version 1 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 & cost through improved cloud procurement strategy.
Avoid Unnecessary Spend
Take advantage of competitive pricing & avoid expensive last-minute spending.
Accurate Cost Allocation
Spread the cost of cloud accurately across the appropriate business units.
Accurate Spend Forecasting
Predict peaks & troughs of cloud resource & therefore spend. Take advantage of competitive pricing by resource reserving.
Data & Insights
Make informed decisions through the availability of data & insights on your cloud consumption.
Fireside Chat
The Importance of FinOps for Cloud Cost Optimisation
News & Insights
Downloadable Content, News, Whitepaper: August 21, 2023
Level Up Your Team with a Software Asset Management Partner
