Sold by: Softchoice
Softchoice FinOps Foundations Consulting Engagement
Today, too many organizations have invested in the cloud as a foundational piece of their IT strategy but aren’t yet realizing the value they expected. Many struggle to control costs as they scale. In fact, 80 percent of enterprise IT leaders cite managing cloud spending as a serious challenge.
Most find themselves in this position because they haven’t recognized the importance of modern cloud economics as a practice. They still see the cloud as a cost center rather than an engine that drives value creation and makes innovation possible. As a result, they expose themselves to critical risks, including massive overspending compounded by poor visibility, missing accountability, and lagging innovation.
Sold by: Softchoice
Overview
The challenge: Stakeholders aren’t aligned to the realities of cloud economics
- Finance: Sporadic reporting and poor visibility into cost data leads to tunnel vision on cost takeout, making it harder to course correct.
- Procurement: Poor understanding of cloud SKUs and billing structures makes it difficult to interpret and manage billing and attribution.
- Engineering and application development: Unaware of the need for continuous optimization of utilization, engineers and developers consume excess cloud resources without accountability.
- Product and line of business teams: Without clear visibility into cloud usage and costs, it’s near impossible to extract or articulate the business value of cloud.
- C-suite: All these challenges make the strategic value of cloud less clear, resulting in reactive tactics rather than proactive innovation.
The solution: FinOps makes it possible to capture the total value of the cloud When enterprises bring a traditional sourcing and infrastructure consumption mindset to the cloud, they often don’t realize how much their operating models and culture need to change. Modern financial operations, or FinOps, introduces shared financial transparency, governance and processes across all stakeholders. In our experience, it takes a FinOps practice to capture the total value of cloud.
A FinOps practice brings together finance, technology and business stakeholders to establish: Cloud operating models: A working financial operating model for the cloud. Governance at scale: An effective way to introduce accountability for cloud spend. Real transformative change: A cultural practice for collaborative financial and operational control.
A typical Softchoice FinOps Engagement:
- Research and discovery: Deep dive into current FinOps maturity to root out and understand goals and obstacles.
- Workshops: Co-creation of solutions to advance maturity, including a detailed FinOps strategy and enablement plan.
- Documentation and executive summary: Packaged deliverable capturing engagement outcomes, value extracted and solution plan.
Highlights
- Inform: Communicating the business and technical drivers of cloud consumption to improve visibility and allow users to forecast, track and monitor cloud spend in real time with the help of analytics tools.
- Optimize: Gathering and interpreting cloud utilization and cost data to find and act on rate levers and opportunities to optimize costs, including automation, rightsizing, and committed consumption rates.
- Operate: Establishing continuous tracking and measurement to correlate cloud metrics to revenue generating activities (unit economics), often through a cloud center of excellence (CCOE).
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PROVEN EXPERIENCE: Our cloud experts have successfully completed 500+ cloud migrations on behalf of small, mid-market and enterprise organizations. DATA DRIVEN INSIGHTS: Optimizing investments in cloud, data center, and networking for 1,500+ clients/ year.
To start your journey, reach out to us at AWS@Softchoice.com for more information
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