Cloud Financial Management Capabilities Implementation (CFM and FinOps)

Starting with an assessment of

More specifically, it is the establishment of the people and processes, or Cloud Financial Operations, needed to create a proper FinOps / CFM practice, with an emphasis on allocation, measurement / accountability practices, forecasting abilities, cost optimization, controls for governance and socialization of best practices throughout the organization.

The implementation of these processes improves the customer's current cloud operations, their ability to scale and manage future cloud workloads and provides business agility while solving near-term cost management challenges.

Fullest solution.

The FinOptik CFM capabilities implementation service is the fullest FinOps implementation offering, implemented by FinOps framework founders and entirely focused on best practices.

The establishment of a cross-functional FinOps/ CFM team is the solution to challenges such as:

1. Inadequate reporting / an inability to understand the economics of AWS spend
2. A lack of real-time visibility into technical owners' AWS spend
3. A lack of governance & standardization
4. Excessive costs or waste

Examples of Activities:

• Evaluation of cost management tooling with corresponding recommendations for improvements.
• Expansion and improvement of cloud spend segmentation
• Application of frameworks to realize cost savings by improving pricing and operating efficiency of AWS workloads.
• Expansion of reporting capabilities to an expanded range of parties in the organization (senior management, technical leaders, Finance, etc).
• Socialization strategies for Executive Leadership
• Delivery of runbooks and live enablement sessions to ensure new FinOps personnel are fully equipped to assume best practices.

Approx 16-30 weeks to complete.