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Image: Flexera cited as a leader by independent research firm for cloud cost management and optimization

We’re proud to announce that Flexera has been positioned as a leader in The Forrester Wave™: Cloud Cost Management and Optimization, Q3 2022 report. In this wave report, Flexera’s cloud optimization solutions including Cloud Cost Optimization and Cloud Migration and Modernization were evaluated.

Cloud cost management has greatly increased in popularity over the past two years, due to the drastically accelerated public cloud adoption driven by the pandemic, as well as current economic conditions driving cloud budget consciousness. As practices like FinOps gain more and more traction, organizations are seeking solutions that can help them along that critical journey of cost visibility, allocation and improvement. To assist with this search, Forrester identified ten of the most significant CCMO providers and conducted a 26-criterion evaluation of their offerings to help technology professionals select the best tooling for their needs.

Forrester recommends that CCMO customers should look for providers that:

  • Provide the deepest set of optimization capabilities
  • Enable intelligent usage policy creation and enforcement
  • Offer a UX journey that’s compatible with your organization

Regarding Flexera’s cloud optimization solutions, Forrester stated that:

Cloud Management icon

Cloud Management

Take control of cloud use with out-of-the-box and customized policies to automate cost governance, operations, security and compliance.

Flexera excels in optimization recommendations. Flexera excels in access and permissions, optimization recommendations, and its overall platform experience and service-level agreement (SLA) guarantees. Customer references were positive about the customization and granular control in its role-based access; its large product portfolio, which includes license management; and its competitive pricing. Flexera is relevant for customers looking for a large portfolio that includes license management and leading-edge optimization recommendation capabilities.”

Flexera cloud optimization offers a unique approach to your organization’s FinOps journey that enables cloud governance teams to work collaboratively with business units and cloud resource owners to identify areas of potential savings (inform), take action on these identified areas (optimize) and implement processes to automate these optimizations (operate). With Flexera One, you get a comprehensive set of cloud management capabilities designed to implement FinOps processes across your entire cloud environment.

To learn more about Forrester’s most recent research and recommendations, read The 2022 Forrester CCMO Wave.