FinOps, short for Financial Operations, is a methodology that aligns cloud spending with business objectives. It combines practices, culture, and tools to optimise cloud costs, increase efficiency, and drive value for organisations leveraging cloud services.
By optimising spending, promoting operational efficiency, fostering financial accountability, enabling predictable budgeting, and encouraging continuous improvement, FinOps empowers organisations to make informed decisions, control costs, and drive innovation.
Benefits of FinOps
01
Cost Efficiency:
By optimising your spend, FinOps helps you reduce unnecessary expenses and maximise the return on your investment.
02
Operational Agility:
With real-time cost visibility and optimisation tools, FinOps enables you to adapt quickly to changing business requirements and market conditions.
03
Financial Accountability:
By aligning costs with business objectives and allocating expenses accurately, FinOps fosters a culture of financial accountability within your organisation.
04
Predictable Budgeting:
By forecasting expenses and setting budgets, FinOps provides predictability and control over your spending, preventing budget overruns and unexpected costs.
05
Continuous Improvement:
FinOps is not just a one-time initiative – it's a continuous process of optimisation and refinement, driving ongoing improvements in your financial management practices.
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