By analyzing historical data, managing expenses, optimizing resources towards establishing cost governance across the cloud infrastructure, FinOps delivers visibility, control business aligned efficiency across your cloud environments.

Key Features

TechSaverFX Key Features 1

Cost Explorer, to provide complete visibility of Cloud costs

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Policies and Governance Tool to automate & regulate the FinOps processes

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Intelligent alerting for proactive cost monitoring and anomaly detection

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Comprehensive reporting to provide real time cost insights

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Cost recommendations that can be auto enforced or provided to the teams to take timely costs saving decisions

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Professional Services:
  • FinOps consulting
  • Spend analysis
  • Custom reporting
  • FinOps implementation

TechSaver Framework - FinOps

FinOps from Linux foundation is the operating model for the cloud – combining systems, best practices, and culture to increase an organization’s ability to understand cloud costs. It is the practice of bringing financial accountability to cloud spend – enabling global teams to make informed business decisions. FinOps empowers collaboration between IT, Engineering, Finance, Procurement, and the business. It enables IT to develop into a service organization that focuses on adding value to the business with cloud technology.

TechSaverFX-FinOps model- 3 phase Iterative models establish baselines, optimize rates and usage patterns and drive operations to the right balance of cost efficiency and business value.

Inform

  • Dashboards & Reporting
  • Direct Chargeback
  • Anomaly Alerts
  • Budgets & Forecasting

Optimize

  • Terminate Idle Resources
  • Schedule Server run times
  • Right size Resources based on utilisation
  • Use Serverless technologies

Operate

  • Continuous Imporovement
  • Align with Finance and Line of Business
  • Evaluate the value to the business

With commitment and regular measurement and transparency, manual execution can establish confidence and trust, and only then do you move toward automated optimization. The great thing about optimizing in the cloud is that wins can come fast and early with the right information, while investments in later stages toward the automation are really about ensuring that optimization just becomes part of the fabric and consumes far less of anyone’s time

Cloudfx TechSaverFX offers the following value, benefits, and business outcomes

  • Get real time visibility into cloud costs across the organization
  • Gain knowledge and expertise on how to save money on cloud workloads
  • Understand what resources and knowledge is required to keep risk low
  • Identify your actual saving potential
  • Manage optimization changes to realize the identified savings
  • Spend less time searching for savings
  • Avoid technical and licensing pitfalls related to the implementation of cost savings
  • Make quick informed decisions with visibility into potential savings and their impact
  • Avoid spending time on driving decisions to apply suggested optimization changes
  • Increase the likelihood of achieving business goals related to budget and services

TechSaverFX – Cloud Cost efficiency

A very simple efficiency score that is quite effective is calculated as follows:

cost efficiency = (current cost – potential savings)/current cost

This nets a low score if the unexecuted potential for savings is high relative to the current cost. As the gap narrows the score goes up. Enterprises should strive to keep their cloud cost efficiency score healthy at any given point in time.

Next Steps for Building an Effective FinOps Practice

CloudFX Cloud Advisor team has helped numerous large enterprises meet complex cloud financial management goals. Schedule a 1:1 consultation with our Advisors at www.cloudfx.com/demo to review your FinOps approach and get complimentary advice on how to make your strategy more automated and integrated.