FinOps

FinOps enables organizations to maximize business value by enabling technology, finance and business teams to collaborate on data-driven spending decisions.

DevOps & Cloud

DevOps & cloud have disrupted traditional procurement

DevOps enables organizations to accelerate the delivery of technology to meet customer demand using the cloud. This shift has handed purchasing power to developers, significantly weakening traditional procurement processes. DevOps and cloud have removed existing and meaningful constraints, and immediately, necessitating the implementation of a new operating model. This new model empowers collaborative decision making and gives companies the opportunity to continue to maximize the value of their IT investments. This is why FinOps was developed.

DevOps & Cloud make it possible to allocate all costs to the owners

The cost of goods sold for our IT-enabled products and the cost per user for support systems have always been based on data centers and infrastructure whose costs cannot be changed. Product owners now have the ability to use IT services in the exact mix and at the exact time they are needed. Product owners can consider all costs, pricing, support and the agile development process when creating the solution. The cloud makes it possible to develop applications on architectures that scale according to demand, thus better aligning IT supply and demand than is possible in traditional data centers.

At the same time, this improves the ability to deploy and scale small systems incrementally.

DevOps & Cloud offer unprecedented opportunities

Procurement and Finance now have the ability to monitor spend in real time, granularity and attribution. Technology leaders who previously had to deal with product demand, changes in technology trends and data center infrastructure sizing and capacity planning challenges can now evolve incrementally. Limiting DevOps engineers to the limited building blocks provided by data center infrastructure teams can now consider a wide - and ever-growing - range of technologies to find solutions. They have the right to buy and use only what they need at any given time, eliminating the traditional model's constant provisioning of excess capacity.

FinOps

The new operating model for the cloud

Many companies see FinOps as their new cloud operating model. It represents the practical approach of coupling technology, business needs and finance to ensure control of cloud economics and achieve a measurable competitive advantage. It brings clear economic accountability to the cloud's flexible spending model.

A new culture of accountability

FinOps creates a culture of accountability by helping product, finance and business teams collaborate and make clear and accountable decisions in real time about necessary trade-offs in cost, speed and quality. This drives decisions that increase business value, improve efficiency, better allocate costs to specific business needs and improve the quality of forecasting future cloud cost development.

There are many reasons why companies decide to use cloud services.

The introduction of FinOps to optimize cloud cost management brings a number of advantages, challenges and limitations for companies.

ADVANTAGES

Cost
transparency

FinOps improves visibility of cloud costs by providing detailed insight into spending. This helps companies understand where and how their resources are being used.

Budgeting and forecasting

Companies can create more accurate budgets and better predict future spending by analyzing consumption patterns and trends.

Cost
optimization

By applying best practices and continuous monitoring, organizations can identify and correct inefficient resource usage, resulting in significant cost savings.

Adaptability

FinOps enables faster adaptation to business changes through flexible management of cloud resources and costs.

Improved
collaboration

FinOps promotes collaboration between finance, operations and development teams by creating a shared understanding of the costs and benefits of cloud services.

LIMITS & CHALLENGES

Complexity of cloud pricing models

The variety and complexity of pricing models from different cloud providers can make it difficult to effectively manage and optimize costs.

Data integration and quality

Consolidating and analyzing data from different sources is a challenge, especially when data is incomplete or of poor quality.

Fast-moving cloud environments

The rapid evolution of cloud services can make it difficult to keep up with the latest best practices and cost-saving opportunities.

Resistance
to change

Moving to a FinOps culture requires changes in processes and mindsets, which can be met with resistance from employees.

Resource
requirements

Implementing and maintaining FinOps can require significant resources, both in terms of time and personnel.

Lack of
expertise

Successful implementation of FinOps requires specific knowledge and skills that may not be available internally.

Technological
limitations

Reliance on tools and platforms for data collection and analysis can have limitations, especially if they are not fully integrated with the organization's cloud infrastructure.

To overcome these challenges and limitations, it is important that organizations invest in the right technology, training and development of a cross-cultural FinOps strategy that involves all relevant stakeholders.

How we support you in the implementation and further development of FinOps

Strategic planning and implementation

Needs analysis

First, we conduct a detailed analysis to understand your company's specific cloud cost management needs.

Strategy development

Based on the needs analysis, we work with you to develop a customized FinOps strategy that is aligned with your company's business objectives and cloud usage.

Implementation planning

We work with you to create a detailed plan for the phased implementation of FinOps practices, including timeline, resource allocation and milestones.

Training and cultural change

Training

Through training programs and workshops, we strengthen the awareness and skills of your employees with regard to FinOps principles and practices.

Fostering collaboration

We support the development of a culture that fosters collaboration between finance, IT and business teams to achieve cost optimization goals together.

Technical support and tool integration

Selection and implementation of tools

We evaluate, recommend and support the implementation of specialized tools and platforms to monitor, manage and optimize cloud costs.

Automation

We help automate cost monitoring and analysis processes to increase efficiency and accuracy.

Continuous optimization and reporting

Cost analysis and optimization

We carry out regular cost analyses, identify potential savings and recommend optimization measures.

Reporting and insights

We provide comprehensive reports and dashboards that offer detailed insights into cloud spending and support decision-making processes.

Governance and compliance

Governance structures

We support you in developing governance structures that ensure that cloud usage complies with company guidelines and standards.

Compliance and security

We help to understand, assess and implement compliance requirements to minimize risks associated with cloud usage.

By combining strategic advice, technical expertise and ongoing support, as a FinOps certified and experienced digital consultancy, we can help your business effectively manage and optimize your cloud costs to ensure improved financial performance and competitiveness.