FinOps

Expand FinOps savings to software licenses and SaaS

Flexera One FinOps solutions enable you to excel across the three phases of FinOps—inform, optimize, and operate—to control growing cloud costs. FinOps practices must also address the impacts of software licensing and marketplace purchases to calculate the total cost of ownership (TCO) for the cloud. Flexera One is a unified platform for FinOps, ITAM, and SaaS that breaks down silos and facilitates cross-team collaboration, providing insights and optimization opportunities that maximize ROI from your cloud spend.

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Maximize business value throughout FinOps phases

Inform

Improve visibility and allocation of hybrid cloud spend

Gain full 360° visibility with ingestion and reporting for all major cloud providers, as well as regional and niche cloud vendors. Understand the commercial software running on cloud resources and the associated licensing with anomaly detection, budget tracking and spending trends. The ability to ingest related costs such as support, labor and taxes, enables full visibility of cloud-based application costs.

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Optimize

Improve efficiency of cloud and software spend

Leverage automated governance and financial controls to realize the ROI of your hybrid cloud strategy. Gain actionable insights into cost-saving opportunities across multiple cloud providers, hybrid use, BYOL (bring your own license) opportunities, and software licensing compliance implications.

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Operate

Operate FinOps at scale

Leverage automation to optimize spending for hybrid, multi-cloud environments as they increase in size and complexity without straining your FinOps, ITAM, SaaS or cloud management teams. Use extensible cost-savings policies that identify and eliminate waste without manual work. Identify the impacts of software licensing as your cloud estate continues to evolve. Now you can realize continued value across both FinOps and ITAM.

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FinOps - Policy Automation Catalog product screenshot

Hybrid ITAM and FinOps

Transcend FinOps and ITAM silos

Flexera One combines Cloud Cost Optimization, IT Asset Management and SaaS Management within a single SaaS platform. As a result, you can extend your FinOps practices to include all costs associated with the cloud, including cloud resources, support costs, labor costs and software licensing expenditures.

Hybrid estate cost optimization

Holistic cloud spend efficiency

Identify opportunities for cloud cost optimization across all cloud resources, including usage reduction and elimination, as well as rate reduction and discount options. Flexera’s optimization recommendations span cloud resources in multiple cloud providers across your IT estate, enabling holistic cloud spend efficiency.

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FinOps - Policy Automation Catalog product screenshot

How it Works

Complete FinOps coverage

  • Common bill ingest: ingest cost data from any cloud, in any currency, and all related cloud costs
  • Genuine multi-cloud reporting: Tabular view of all cloud sources in a single source with currency options
  • Extensible policy engine: Automation and remediation of FinOps activities and bespoke recommendations​
  • Automated actions: Automatically take actions based on recommendations spanning your entire cloud estate
  • ITAM and FinOps: Enable collaboration between FinOps, SAM and SaaS disciplines
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Flexera helped us get insights on our cloud spend and be more efficient by reducing waste.

JayKay Selvaraj, Senior Manager Technical Products Copa Software

Frequently asked questions

Per the FinOps Foundation, “FinOps is an operational framework and cultural practice which maximizes the business value of cloud, enables timely data-driven decision making and creates financial accountability through collaboration between engineering, finance and business teams.”

Hybrid ITAM and FinOps combines the existing core components of the classic FinOps framework and lifecycle and extends it to encompass additional cloud costs and compliance considerations associated with licensed software.

The FinOps journey consists of three iterative phases:

Inform

The inform phase focuses on visibility and allocation. It involves determining data sources for costing and usage. It helps teams improve budgeting, forecasting and benchmarking to optimize cloud spending and maximize value throughout the cloud environment.

Optimize

The optimize phase involves rates and usage. Here, teams review inefficiencies and explore opportunities based on insights derived from the Inform phase.

Operate

The operate phase is all about implementation and continuous improvement. It involves operationalizing changes using the data and capabilities developed in the two previous phases. This means applying strategies like cloud governance policies, compliance monitoring and FinOps solution training programs, among others.

 

 

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Our team is standing by to discuss your FinOps requirements and deliver a demo of our cloud cost management solution.