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FINOPS SOLUTIONS IN PRACTISE
The benefits of FinOps tools, strategies and services
FinOps solutions are revolutionising how businesses manage cloud financial operations. By adopting a FinOps framework, your organisation can gain real-time visibility into cloud spending, foster collaboration between finance, operations, and technology teams, and drive financial accountability. These solutions enable cloud optimisation, ensure efficient resource allocation, and scale operations more effectively.
Whether you’re aiming to reduce waste or enhance financial transparency, FinOps solutions come with the right FinOps tools and strategies to help you achieve financial control and maximise the value of your cloud investments. Our team of FinOps specialists at Nexer provide both expert guidance and practical IT optimisation, including consolidation and decommissioning, through our automated, AI-powered FinOps tool.
USING THE FINOPS FRAMEWORK
The FinOps framework, as outlined by FinOps.org, is a set of practices and principles designed to help businesses manage their cloud financial operations effectively. This framework is what our team at Nexer adheres to and it includes three phases:
1. Inform
We establish visibility into cloud costs, allocating resources to the right teams and services.
2. Optimise
We continuously improve cloud usage efficiency, balancing cost and performance.
3. Operate
We integrate financial accountability into day-to-day operations, enabling cross-functional teams to take ownership of their cloud spend.
Creating a solid roadmap
Based on these phases, we create an actionable roadmap tailored to your company culture and requirements. With the roadmap in place, you can then make decisions regarding IT optimisation, consolidation and decommissioning. To help us with that, we have our automated software Clean Discovery which you can read more about below.
FINOPS TOOLS: REDUCING COSTS MADE EASY
FinOps tools are software solutions designed to help manage and optimise cloud financial operations. By using FinOps tools, you can track expenses, identify inefficiencies, and implement cost-saving measures more effectively.
Our own automated software Clean Discovery employs cutting-edge automation technology to simplify complex tasks related to hybrid IT estates, asset management, cloud optimisation and license tracking, all while significantly reducing costs.
With Clean Discovery, you’ll get a complete overview of the entire IT landscape, both on-premise and cloud based assets. It will give you insights that pave the way for informed decisions, and, on average, our clients reduce their IT costs by more than 25% annually when using Clean Discovery.
FINOPS AND CLOUD OPTIMISATION
Simply put, cloud optimisation means maximising the efficiency and performance of cloud resources while minimising costs. Through the FinOps framework, you can gain visibility into your cloud spending and usage patterns, which enables you to identify inefficiencies, eliminate waste, and allocate resources effectively.
How cloud optimisation works:
– FinOps provides real-time data on cloud costs and resource utilisation.
– Your teams collaborate to optimise cloud operations, ensuring resources align with business needs.
– Automated tools – such as Nexer’s software Clean Discovery – and strategies are used to scale resources up or down based on demand. With Clean Discovery you’ll get the added benefit of visibility into both cloud based assets as well as on-premise.
WHY FINOPS?
Using FinOps solutions and practises is essential for any business looking to maximise the value of their cloud investments. Some of the greatest benefits include:
✔ Cloud optimisation
Gain real-time visibility into cloud spending to reduce waste and ensure efficient use of resources.
✔ Financial accountability
Promote collaboration between finance, tech, and operations teams to drive smarter, more informed decision-making.
✔ Scalability
Optimise cloud costs while scaling operations seamlessly and sustainably.
✔ Financial transparency
Achieve clear insights into cloud expenditures, enabling better budgeting and forecasting.
✔ Increased agility
Quickly adapt to changing business needs while keeping cloud costs in check.
want to know more?
Sofie Bergbom
Business Area Manager Nexer Clean Solutions
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