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Cloud Financial Management
Today, businesses are primarily relying on technology to innovate, transform and gain competitive advantage to be a forerunner in the market. Even now, significant number of global organizations are already engaged in various digital transformation initiatives underpinned by cloud technology. However, significant portion of the cloud spend is wasted due to over-provisioned instance, lack of awareness, transparency and accountability, and complexities in implementing the right tagging nuances, licensing, contracting and many more.
As per FinOps foundation, “Cloud FinOps in an evolving cloud financial management discipline and cultural practice that enables organizations to get maximum business value by helping engineering, finance, technology, and business teams to collaborate on data-driven spending decisions.”