Cloud FinOps
According to the FinOps Foundation, the terms Cloud Optimization, Cloud FinOps, Cloud Cost Management, and Cloud Financial Management often refer to the same thing:
Whatever you call it, adopting FinOps fundamentals is an effective way for organizations to better see and manage their organizational cloud usage and costs. FinOps teams are typically supported by a central best-practices group, often housed within a Cloud Center of Excellence (CCoE) or Cloud Business Office (CBO).
Explore our cloud optimization capabilities.
Cloud Strategy
Cloud Marketplace
Cloud Cost Management
DevOps
Benefits of cloud optimization
Managing cloud costs requires constant attention to a variety of factors. By taking the time to understand and implement a combination of finance and DevOps best practices, organizations can save money while capitalizing on the benefits of their particular cloud architecture and operating model:
- Control cloud costs and spend while maximizing value and ROI
- Enhance the performance of workloads and applications through automation
- Achieve full visibility into cloud consumption while driving compliance
- Optimize infrastructure to support business and IT goals
- Consolidate cloud subscription management and billing
- Manage cloud consumption across the enterprise
- Establish reliable metrics for measuring what cloud success looks like
- Enhance reporting, forecasting, insights and savings opportunities
- Visualize real-time cloud consumption metrics
- Optimize the structure of cloud subscription accounts
- Maximize negotiation leverage with public cloud hyperscalers
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WWT Cloud FinOps program
We've developed a series of services to support your Cloud FinOps adoption journey. No matter what stage you're at today, from initial strategic planning through implementing best practices to drive ongoing operational excellence, we can help:
- Cloud maturity: Identify pain points in your current cloud state around costs and consumption visibility.
- FinOps team: Identify and establish the core group of stakeholders to lead the FinOps charge.
- KPIs: Establish a roadmap and goals around cloud usage, spend and business drivers.
- Data: Review cloud governance, tagging and tooling requirements.
- Cost optimization: Establish plan to review optimization recommendations with stakeholders.
- Operations: Ongoing optimization review and recommendations across all cloud users.
- Operational excellence: Iterate to improve forecasting, optimization and usage metrics.
It's important to understand that the journey to FinOps maturity is never really complete — it's an iterative process that evolves as organizations grow in confidence and capabilities.
Core service offerings
Our cloud concierge services help organizations manage the financial health of their public cloud accounts across the leading hyperscalers and ISVs. We will help you rein in cloud spend while optimizing IT environments to deliver the outcomes that move your business forward.
FinOps Strategy & Assessment
A rapid assessment of seven core areas of Cloud FinOps, including integration with your existing operating model.
Outcomes include:
- Recommendations for FinOps operating model and implementation roadmap
- Alignment of cloud activity with business goals
- Improve cloud operational efficiency to immediately drive cost savings
Cost Optimization Services
Highlights your current-state cloud optimization opportunities from both business and operational perspectives.
Outcomes include:
- Cloud optimization recommendations around provisioning, reserved instances, savings plans, budgeting and forecast modeling.
- Business optimizations for cloud commitments and WWT resell programs (if applicable)
FinOps Process Improvement
Create automation policies, cost models and standard tagging taxonomy for your multicloud environment.
Outcomes include:
- Allocation model for cloud costing and standard taxonomy for a multicloud environment.
- Improve cost management allocation and showback/chargeback modeling capabilities.
- If desired, WWT can implement an automation policy.
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