• Cloud FinOps

  • What is FinOps?

  • Why FinOps
    is needed

  • cloudandthings.io
    FinOps Services

  • Managed
    FinOps Services

  • Managed FinOps is a service provided by cloudandthings.io that helps organisations manage their cloud spending more effectively. The cloudandthings.io Managed FinOps services typically involve a combination of cloud cost management tools, analytics, and consulting services to help organisations optimise their cloud usage and reduce costs.

    cloudandthings.io builds customised tools and services for managing cloud costs.

  • Reporting

    Reporting on the financial performance of cloud infrastructure is a complex problem. Traditional methods of tracking and reporting on IT assets and expenditure does not apply to the cloud. The elastic nature of the cloud and the distributed way in which it is consumed require a new set of tools and techniques to make sense of and manage expenditure.

    Over and above the rich dashboarding that can be used for reporting we will also assist with multiple reports.

    Metadata Updates and Exception Management

    • Cost and Usage report does not contain any business logic or context. With organisational Metadata, we can ensure better insights into the data and make more accurate and appropriate cost-based decisions.
    • We assist with updating new accounts and subscriptions added to your cloud environment, to ensure that they have the correct metadata for reporting and tracking purposes.
    • We also assist with organisational structure changes and updating the grouping of accounts and subscriptions so that they are aligned with the business structure.
    • We will continue to review and expand on the metadata available to ensure we can enrich our insights and understanding.

    Tagging Compliance

    • We report on the Tagging Compliance within your cloud environment and where possible we assist with effectively managing your resource tagging initiatives.
    • We will also investigate an effective way of using Cost Allocation Tags to ensure we can get accurate views of the cost of a product/service across different accounts and subscriptions, especially when resources are deployed into multi-tenanted accounts or subscriptions.

    Saving Plans and Reservation Reviews

    • Together with the client we review RI and SP commitments and investigate where we can make adjustments according to usage data.
    • We will consistently seek the most efficient method to acquire savings plans while minimising the risk of over-purchasing.

    Cost Optimisation Assignments

    • We review cost optimisation recommendations and assist with the assignment of these recommendations to the correct owners for remediation.
    • Cost optimisation assignments are done via the Foundation Zero Platform, as it provides a single place to report, assign, and track all recommendations and savings.

    Cost Optimisation Tracking

    • We report and track the assigned cost optimisation recommendations via Foundation Zero to ensure they are resolved promptly.
    • We also provide a cost optimisation tracking dashboard via the main overview page in Foundation Zero, where the client can see open, assigned, unassigned, and overdue recommendations.

    Analytics and Trends

    • We use AWS Cost Insights and Azure Cost Management for analytical reviews and the trending of data across multiple accounts, subscriptions, and cloud services.
    • Analytics and Trends help identify top accounts and services, as well as their growth over the months.

    Recommendations and Insight

    Based on the analytics and trends, we provide context and recommendations on where inefficiencies exist and where potential optimisations can occur.

    Anomaly Management

    We review Foundation Zero’s monthly spending trend for any anomalies. if we detect any anomalies we review the analytics and trends to link this back to the services and accounts responsible for these anomalies.

    FinOps Platform – Foundation Zero

    • cloudandthings.io partners with Foundation Zero – www.foundationzero.io
    • Foundation Zero provides a robust cloud FinOps solution to help organisations gain control, optimise costs, and maximise the value of their cloud investments.
  • FinOps, short for financial operations, is a management practice that promotes shared responsibility for an organisation’s cloud computing infrastructure and costs. FinOps provides the up-to-date data that all stakeholders use to conduct proper financial planning and analysis.

    The goal of FinOps is to ensure that an organisation’s cloud spending aligns with its business objectives and that cross-functional teams work harmoniously to gain more financial control and predictability.

  • Managing Cloud spend is key to realising the value associated with transitioning workloads and organisations to the cloud. The importance of FinOps lies in its ability to help organisations optimise their cloud spending, which can lead to significant cost savings.

    The cloudandthings.io team has experience in managing FinOps for large AWS and Azure environments, with some environments containing more than 300+ AWS accounts and 100+ Azure Subscriptions.

Cloud FinOps

Managing Cloud spend is key to realising the value associated with transitioning workloads and organisations to the cloud. The importance of FinOps lies in its ability to help organisations optimise their cloud spending, which can lead to significant cost savings.

The cloudandthings.io team has experience in managing FinOps for large AWS and Azure environments, with some environments containing more than 300+ AWS accounts and 100+ Azure Subscriptions.

What is FinOps?

FinOps, short for financial operations, is a management practice that promotes shared responsibility for an organisation’s cloud computing infrastructure and costs. FinOps provides the up-to-date data that all stakeholders use to conduct proper financial planning and analysis.

The goal of FinOps is to ensure that an organisation’s cloud spending aligns with its business objectives and that cross-functional teams work harmoniously to gain more financial control and predictability.

Why FinOps
is needed

cloudandthings.io
FinOps Services

Reporting

Reporting on the financial performance of cloud infrastructure is a complex problem. Traditional methods of tracking and reporting on IT assets and expenditure does not apply to the cloud. The elastic nature of the cloud and the distributed way in which it is consumed require a new set of tools and techniques to make sense of and manage expenditure.

Over and above the rich dashboarding that can be used for reporting we will also assist with multiple reports.

Metadata Updates and Exception Management

  • Cost and Usage report does not contain any business logic or context. With organisational Metadata, we can ensure better insights into the data and make more accurate and appropriate cost-based decisions.
  • We assist with updating new accounts and subscriptions added to your cloud environment, to ensure that they have the correct metadata for reporting and tracking purposes.
  • We also assist with organisational structure changes and updating the grouping of accounts and subscriptions so that they are aligned with the business structure.
  • We will continue to review and expand on the metadata available to ensure we can enrich our insights and understanding.

Tagging Compliance

  • We report on the Tagging Compliance within your cloud environment and where possible we assist with effectively managing your resource tagging initiatives.
  • We will also investigate an effective way of using Cost Allocation Tags to ensure we can get accurate views of the cost of a product/service across different accounts and subscriptions, especially when resources are deployed into multi-tenanted accounts or subscriptions.

Saving Plans and Reservation Reviews

  • Together with the client we review RI and SP commitments and investigate where we can make adjustments according to usage data.
  • We will consistently seek the most efficient method to acquire savings plans while minimising the risk of over-purchasing.

Cost Optimisation Assignments

  • We review cost optimisation recommendations and assist with the assignment of these recommendations to the correct owners for remediation.
  • Cost optimisation assignments are done via the Foundation Zero Platform, as it provides a single place to report, assign, and track all recommendations and savings.

Cost Optimisation Tracking

  • We report and track the assigned cost optimisation recommendations via Foundation Zero to ensure they are resolved promptly.
  • We also provide a cost optimisation tracking dashboard via the main overview page in Foundation Zero, where the client can see open, assigned, unassigned, and overdue recommendations.

Analytics and Trends

  • We use AWS Cost Insights and Azure Cost Management for analytical reviews and the trending of data across multiple accounts, subscriptions, and cloud services.
  • Analytics and Trends help identify top accounts and services, as well as their growth over the months.

Recommendations and Insight

Based on the analytics and trends, we provide context and recommendations on where inefficiencies exist and where potential optimisations can occur.

Anomaly Management

We review Foundation Zero’s monthly spending trend for any anomalies. if we detect any anomalies we review the analytics and trends to link this back to the services and accounts responsible for these anomalies.

FinOps Platform – Foundation Zero

  • cloudandthings.io partners with Foundation Zero – www.foundationzero.io
  • Foundation Zero provides a robust cloud FinOps solution to help organisations gain control, optimise costs, and maximise the value of their cloud investments.

Managed
FinOps Services

Managed FinOps is a service provided by cloudandthings.io that helps organisations manage their cloud spending more effectively. The cloudandthings.io Managed FinOps services typically involve a combination of cloud cost management tools, analytics, and consulting services to help organisations optimise their cloud usage and reduce costs.

cloudandthings.io builds customised tools and services for managing cloud costs.