Cloud cost management services
Overview
Cloud Financial Operations, or FinOps, is a set of processes and practices aimed at enabling organisations to understand and take control of their cloud billing. FinOps combines finance, business and technology in order to allow cross-functional teams to balance delivery speed, cost, and quality, ultimately creating business advantage for the entire organisation.
FinOps is inherently a cultural practice, where everyone takes the responsibility for their cloud usage and becomes empowered to make informed business decisions. With the right cloud cost management in place, you’ll gain the most value for the money you spend in the cloud.
The benefits of cloud financial management
Why introduce FinOps in your organisation
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Transparency and predictability
In a mature FinOps practice, the forecast spend to actual spend accuracy variance is only 12%. This means you’ll have clear visibility of your cloud cost allocation, which will lead to better control over what you’re spending your money on. Moreover, the transparency of your cloud spend will help you anticipate your future needs and plan your actions accordingly, which will simplify the management of your cloud budget.
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Cost optimisation
The cloud billing formula is simple: Spend = Usage x Cost. FinOps will enable you to decentralise your cloud usage optimisation (avoiding costs) and centralise your cloud payments (reducing rates). With that, you’ll be able to harmonise the cloud spend with your business goals. A FinOps practice at a high maturity level can help you allocate over 90% of your spend and achieve a cost reduction of up to 60%.
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Strategic unit economics
Unit economics is the direct revenue and cost associated with a particular business model that is specifically expressed on a per-unit basis. Looking at the cloud from this perspective will allow you to reveal the true business value of your cloud spend. Using this and other metrics will help you focus on your long-term growth instead of short-term influences.
FinOps implementation phases
Objectivity’s FinOps services
Our FinOps expertise
End-to-end cloud cost management and governance
Objectivity is a mature technology partner offering end-to-end services tailored to the needs of our customers. The breadth of our IT consulting expertise allows us to accurately assess your situation and propose a solution that addresses your exact needs.
We’re technology experts specialising in cloud services and delivering bespoke solutions to a range of clients from various industries. Therefore, not only can we provide you with FinOps recommendations and plans, but also address their technical execution. As an experienced cloud partner, we provide services to clients with cloud consumption of over $1 million per year. For your company, we’ll design and develop a tailor-made solution that will help you manage your cloud cost in the most efficient way.
Our success stories
Optimising cloud costs for a large professional services organisation
A global professional services organisation needed a way to reduce cloud expenses. Objectivity’s team used a combination of cloud expertise, FinOps know-how, and modern optimisation tools to significantly lower costs.
Cloud migration for improved infrastructure maintenance
![Case Study Cloud Migration White 500X250[20040]](https://cdn.objectivity.co.uk/media/inejsqgr/case_study_cloud_migration_white_500x250-20040.png)
The Client, an international professional services network, was looking to improve the efficiency of their infrastructure maintenance. Objectivity assessed the existing solution as well as defined and delivered a cloud migration strategy that optimised maintenance costs and accelerated software development.
Time and cost savings through the implementation of self-service analytics
The Client was able to gain an improved business intelligence tool that supports their production lines’ stoppage and loss data analysis. The new Power BI solution enables users to access critical reports quickly and easily thanks to an automatic daily import of data which takes place without the need for manual intervention.
Group Finance Director
Michał Piskozub
At Objectivity, we understand the importance of efficient cloud cost management and employ the latest technologies to help our clients optimise their operations. We draw from our vast experience in delivering end-to-end cloud services to ensure you get the best value for your money.
