Overview
Cloud Financial Management is no longer the responsibility of a few SMEs but a Business Function. As customers decentralize the responsibility for AWS spending to the individual product teams and their management, core processes must be in place which FinOps Center provides. At month close, FinOps Center generates files for integration to Core Financial and FP&A Systems.
Deployed with the Amazon Q in QuickSight FinOps Center Framework, all users can better understand their allocated spending from the core application by Asking any question to Amazon Q in QuickSight to get a personalized embedded multi-visual response.
AWS Cloud Financial Management Core Processes provided by FinOps Center:
- AWS Account Vending Onboarding & Mapping/Remapping to Finance Chart of Account
- User to Spending Scope Onboarding with Rollup/Hierarchy
- Workload Estimates to Budget Alignment
- Workload Resource Claiming for 100% Allocation
- Monthly Spend Scheduling with Approval/Validation
- Period/Weekly Spend Cards to Approve/Dispute Spending to Enforce in Billing Cycle Management
- AWS Credit Alignment to Financial Scope
- AWS Spending Program Management (Migration Acceleration Program / Private Pricing Agreement) for Vendor Management and Product Owners
AWS Cloud Financial Management Integrations
- “Bring Forward” of Approved Annual Budgets for AWS Spending from Enterprise Budgeting System
- FP&A Integration for Business KPI
- Integrate Spending to Account Payable- Procure to Pay”
- Amazon Q/QuickSight Row Level Security & Dashboard/Topic Management
- Cost Optimization Accountability leveraging Cloud Optimization Hub Recommendations
FinOps Center Roles & Responsibilities Roles have Daily/Weekly Tasks with some Roles having Admin tasks. All Roles are dependent on their individual Financial Scope. CCoE Daily/Weekly Tasks
- View of Spending & Workload Estimates across the Organization
- Configure Alignment of Users to Budgets Scope
- Onboard AWS Accounts to Initial Financial Budgets
- Remap Allocation
- Confirm AR Invoices match Cloud Bill
- Download File and Upload to Core Financials
- Validate that FP&A is Accurate
- Download File and Upload to Core Financials
- Monitor Program Participation ()MAP and Cost Optimizations) Admin Tasks
- Map Users to Budgets Scope
- Map AWS Accounts to Budgets
- Close Month and Run Final Cards
Business Unit Executive Daily/Weekly Tasks
- View of Spending & Workload Estimates within their Business Unit
- Monitor Program Participation (MAP and Cost Optimizations)
- Validate that FP&A is Accurate and Download/Upload to Business Unit Core Financial (Optional)
Department Manager Daily/Weekly Tasks
- Monitor Program Participation ()MAP and Cost Optimizations)
- View of Spending & Workload Estimates within their Department
Portfolio Owner Daily/Weekly Tasks
- View of Spending & Workload Estimates within their Portfolio
- View/Recommend Resource Claiming/Tagging
- Approval/Rejection of Portfolio Products Monthly Budgets Planned Spend and Rescheduling
- Monitor Program Participation (MAP and Cost Optimizations)
- Approval/Rejection/Resolution of Product Spend Cards
Product Owner Daily/Weekly Tasks
- View of spending within their Product(s)
- Approval/Rejection of Products Spend Cards
- Create/Rescheduling of Planned Monthly Budget Spend
- Monitor Program Participation (MAP and Cost Optimizations)
- Add Tags for Programs Participation
- Create Workload Estimates with AWS Calculators
- Claim/Release Resource to Workload
Cloud Engineer Daily Weekly Tasks
- Monitor Program Participation (MAP and Cost Optimizations)
- Execute Cost Optimization
- Add Users
- Review Workload Estimates
- Claim/Release Resource to Workload
- Add Tags for Program Participation Admin Tasks
- Deploy/Update FinOps Center
- Add Users
- Vend new AWS Account and Initial Mapping (optional)
- Add/Modify Amazon QuickSight Dashboard/Topics Alignment
- Add Budget Files
Vendor Management Daily Weekly Tasks
- View of Spending & Workload Estimates across the Organization
- Monitor Program Participation (MAP and Cost Optimizations) Admin Tasks
- Setup Pricebook and Pricing Agreements
- Onboard MAP Contracts
Highlights
- AWS Cloud Financial Management is everybody responsibility requiring business processes for management. FinOps Center with Amazon Q in QuickSight provides customers business, product, finance, and engineering teams their processes to increase accountability and decrease costs.
- AWS Cloud-Native Application that is installed inside customers AWS Estate. FinOps Center Integrates to AWS Organizations APIs for Account Onboarding, Cost Optimization Hub exports for Saving Recommendations and Systems Manager for Tag Management.
- Amazon Q in QuickSight provide Q&A for Business Users to assist with their AWS Spend awareness and decisions including MAP progress and AWS Credits. CUDOS Framework dashboards are also available for select Roles.
Details
Features and programs
Financing for AWS Marketplace purchases
Pricing
Dimension | Description | Cost/12 months |
|---|---|---|
Annual | FinOps Center FinOps-In-a-Box Annual Term License | $25,000.00 |
Type | Cost |
|---|---|
EBS General Purpose SSD (gp2) volumes | $0.10/per GB/month of provisioned storage |
Vendor refund policy
No Refunds
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Delivery details
64-bit (x86) Amazon Machine Image (AMI)
Amazon Machine Image (AMI)
An AMI is a virtual image that provides the information required to launch an instance. Amazon EC2 (Elastic Compute Cloud) instances are virtual servers on which you can run your applications and workloads, offering varying combinations of CPU, memory, storage, and networking resources. You can launch as many instances from as many different AMIs as you need.
Version release notes
Additional details
Usage instructions
Installation of FinOps Center has 3 steps. • Step 1 is the configurations of services in customers’ AWS Estate and the setup of the “CloudOps” account as documented in https://docs.finopscenter.com/en_US/installation . Once these pre-requisites are complete, customers will install their FinOps Center subscription from the Marketplace. • Step 2 is subscripting to the software, Customers will select Configure the software from Amazon Machine Image in the drops down and continue through the following page selecting the version and region which you would like to install. On the Launch this Software screen, Select Launch through EC2. Prior to Launching AMI we recommend navigating to IAM in the account and create the IAM role documented on https://docs.finopscenter.com/en_US/aws-marketplace-installation/ami-configuration-and-stack-launch to be used when launching the instance. As the EC2 instance comes online, navigate to S3 and wait for the bucket – cdk – hnb659fds-assets--us-east-1 to appear. • Step 3 is Launching the Cloud Formation Template and Completing the Parameters. From the cdk S3 navigate to the FinOpsCenterStack.template.json and copy the Object URL. Navigate back to Subscription Management Screen and launch the CloudFormation Script (Object URL) to configure your FinOps Center with the Parameters for your environment following the instructions at https://docs.finopscenter.com/en_US/aws-marketplace-installation/stack-configuration .
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AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
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