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Cloud Financial Management Services
Effectively navigate cloud’s financial and operational challenges
Cloud introduces new complexity into IT financial management that often can’t be successfully navigated with traditional processes. To provide spending transparency, keep costs in check, and gain the expected ROI on their cloud investments, many organizations may need to evolve their IT financial management capabilities. Deloitte’s Cloud Financial Management services can help.
The impact of Cloud Financial Management
The complexity inherent in cloud ecosystems can create difficulties in controlling and predicting cloud use and spend—which can hinder cloud success. Better financial management of your cloud environment can help you understand the true cost of cloud across your organization. With our CFM services, you can gain the ability to more effectively identify, govern, and optimize your cloud spend.
The benefits of our CFM services start almost immediately, and they are impactful and long-term. Our services help you:
- Define your cloud opportunity and business case and communicate those effectively to organizational leadership
- Identify, assess, and optimize cloud costs and maximize savings and return on cloud investments
- Build a new cloud-centric operating model that embeds cloud-spend awareness and management in your operating model and culture
- Define and implement FinOps capabilities to effectively govern cloud spend long-term and increase the value of cloud to your organization
Why it works
Deloitte’s Cloud Financial Management services work because they help you examine—and plan for—cloud consumption and continuously monitor costs to help reduce cloud-spend waste. Also, more transparency and accurate reporting helps you gain a deeper understanding of associated costs across platforms and vendors and gain early visibility into spending issues, so corrective actions can be taken early. Finally, with more effective cloud financial management, you can determine the right mix of workloads to migrate to cloud to generate more ROI from your cloud investments.
Ongoing, our FinOps services help you keep your cloud journey on track financially by providing resources that help monitor and adjust your cloud financial operating model to meet your needs as they change. This agility can provide higher value long-term from your cloud investments.
Part of the Architecting the Cloud podcast series
Simplify cloud with DevOps and cloud-native utilities