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FinOps

Managing Cloud Costs

"There is clearly value in the FinOps service estrat provides to us, and I am sure there is still more to do and benefits to be gained. The internal AWS and Azure teams are just too busy with their day-to-day technical work and not too concerned with the financial aspect".


FinOps focuses on a cultural shift from migrating and running cloud platforms to optimisation, automation, transparency, control, and governance.


The estrat FinOps team provides an independent view of your cloud platforms, and brings best practices and experience to improve cloud platform efficiency, health, and overall control. 

How We Do It

We deploy tools, processes, and governance structures to avoid inefficient allocation of effort and cost. The outcome allows for quick reprioritisation of resources to avoid technical sprawl and overspend.

 

Our service works across AWS and Azure platforms, as well as hybrid environments. 

Inform

Optimise

Optimise

FinOps is an evolving cloud financial management discipline and practice. It enables you to increase business value by helping business teams to collaborate on data-driven spend decisions. 


We focus on: 


  • Deploying tools to enable cost and IT landscape visibility
  • Automating discovery tools to provide real-time reporting and visibility
  • Establishing a FinOps working group, accountable for driving FinOps culture and initiatives
  • Baselining budgets, forecasts and targets
  • Initiating detailed monitoring to track cost allocation and business service value

Optimise

Optimise

Optimise

The practice of FinOps is iterative, and the maturity of any process, functional activity, or capability will improve when dedicated attention is applied.  


During this phase we drive platform value by:


  • Implementing cloud service provisioning best-practice
  • Automating performance reporting that identifies service optimisation opportunities (e.g. EC2, S3, EBS, disk space optimisation, snapshot management, tagging etc)
  • Driving optimisation initiatives, then reviewing and tracking success 
  • Optimising licence and cost allocation
  • Evaluating Savings Plan opportunities

Operate

Optimise

Operate

Business value is achieved through the realignment of resources to services that enable the business, rather than constrain it.  


Our approach is to:  


  • Build a Cloud Cost Center of Excellence (CCCoE) around business stakeholders, whom define the appropriate governance policies and models
  • Automate cost tracking notifications, providing real time visibility of cost changes 
  • Ensure the FinOps CoE is a core stakeholder in future technology investment decisions
  • Upskill and empower end users, enabling them to make better decisions based on data and real-time information 

"estrat has proven to be an invaluable technology partner over several years now, providing us with competent and trustworthy advice and services across several domains. They continue to drive value with expertise and cost management / optimisation services."

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