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.
In 2022, multi-cloud witnessed a deliberate adoption among almost 75% of enterprise cloud IaaS users.
Rightsizing workloads can save up to 70% of cloud costs.
By 2026, augmented financial operations (FinOps) is expected to improve cloud cost optimization and reduce efforts that go into budget planning by up to 40%.
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.
Financial Operations or 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
Refines cloud management process
What’s Better: Traditional Cost Management Approach Vs Cloud FinOps
Visibility & Accessibility
Real-time Decision Making
Cost Management Process
Cloud4C FinOps as a Service
Cloud4C FinOps as a Service frees organizations from the burden of building and implementing complex cost management roadmaps, training teams, or hiring in-house cloud cost experts by offering the right governance and support to bring financial accountability, efficient cost optimization, greater cost visibility and resiliency across the organization. Designed to provide a holistic framework and a proven roadmap, the FinOps as a Service enables organizations to leverage Cloud4C’s existing capabilities to understand and manage cloud costs and plan tradeoffs.
A Step-by-Step Approach to Achieve Greater Financial Governance
Every business is unique, and so is the cloud financial objective. Cloud4C 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
Cloud Rate Optimization
Cloud Usage Optimization
Get Tailored Cloud Financial Management Solutions for Your Exact Business Needs
What’s in the offering?
Lifecycle and Services
- Visibility into IT spend
- Granular cost allocation
- Cost governance configuration
- Spend analysis
- Budget forecasts
- Team benchmarking
- Define and establish controls for cloud usage
- Visibility into budget and forecast
- Cost analysis and reporting
- Anomaly detection
- Rightsizing recommendations
- Find and remove unused resources
- Security posture guidance
- Industry peer-level benchmarking
- Integration with ITSM tool
- Real-time decision-making
FinOps Process Flow
- Cost Billing API
- Cost Billing API
- Cost Billing API
- Cloud4C SHOP
- Filter by
- Cloud Platform
- Security Assessments
- Data Prediction
- Cloud4C FinOps
- Cloud4C FinOps
When FinOps Meets Security Monitoring
Our Promise to End Misconfigurations and Breaches
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 Cloud4C 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
Proposed Operating Model
Sign up for a FinOps Assessment Workshop.
We will provide a documented overview of a financial governance framework that works for you, high-level recommendations and next steps in your financial performance journey.
Effective Cost Management: Success Stories
Why Trust Cloud4C: Our Key Differentiators
End outcome-level support for greater business impact
Single SLA offerings for greater value over cloud investments
Advanced cybersecurity and compliance capabilities to minimize risk impact
Ready To Drive Financial Accountability And Maximize Business Value From Cloud?
Talk to our experts