FinOps as a Service

FinOps, short for Financial Operations, is a methodology and set of practices that combines financial management with cloud technologies aimed at optimizing and managing cloud spending, enhancing cost transparency, and aligning cloud usage with business objectives. FinOps is a way of improvement that helps to gain control and visibility over cloud costs. With the increasing proposition of cloud vendor services, each company should manage cloud spending attentively and with maximal ROI. 

Customized FinOps services provided by Dysnix experts help to optimize cloud resource allocation, identify cost-saving opportunities, and ensure cost-efficient cloud operations.

FinOps solutions are combinations of harmonically selected tools, platforms, and technologies that help companies implement and streamline the practice of FinOps. Applying the right solutions significantly reduces costs and improves the financial indicators of the company. Our DeOps engineers have enormous experience in protecting companies from overspending and non-controllable waste of cloud resources. 

FinOps influences the whole company and certain groups of stakeholders, in particular, such as finance teams, IT operations, dev teams, and all manager and C-level specialists. Finance teams gain greater visibility and control over cloud expenses, IT operations teams can optimize resource allocation, development teams can align cloud usage with project requirements, and business decision-makers can make informed decisions based on cost and performance metrics. Investing in FinOps, you get more control over your company’s resources and make your main spending decisions more transparent and data-driven. 

The key principles of FinOps include:

• Creating a culture of accountability for cloud costs. Dysnix helps you to review your financial flows from the basics and rebuild them technically to control each dollar spent on the infrastructure. 
• Aligning cloud costs with business objectives. With FinOps applied, it would be easier to control how this or that investment brings the result in terms of business. 
• Collaborating across teams to optimize cloud spending. As your partners, we’re ready to become a bridge of communication for all your departments to implement positive FinOps changes.
• Enabling cost-aware decision-making at all levels. We help you to utilize the outcomes of FinOps implementation in infrastructure management and business processes. 
• Applying automation and technology to improve efficiency. Dysnix is famous for cost-efficient autoscaling solutions for the cloud, so you can use them as well. 

FinOps provides a framework to optimize cloud spending through:

• Resource allocation. Identifying underutilized resources and rightsizing instances to match workload requirements.
• Cost allocation. Allocating cloud costs to specific teams, projects, or departments to drive accountability and facilitate chargebacks or showbacks.
• Cost optimization. Analyzing spending patterns, identifying cost-saving opportunities, leveraging reserved instances, and implementing cost optimization strategies.
• Continuous monitoring. Regularly reviewing and analyzing cost and usage data to identify anomalies, trends, and potential areas for improvement.

All these services are available within the custom FinOps solutions of Dysnix. 

FinOps relies on a combination of cloud management tools, cost optimization platforms, financial reporting tools, and automation technologies. 

• Cloud cost management platforms: AWS Cost Explorer, Azure Cost Management, or Google Cloud Billing.
• Cloud resource tagging: CloudHealth, Cloudability, and Tag Manager.
• Infrastructure-as-Code (IaC): Terraform, AWS CloudFormation, and Azure Resource Manager.
• Cost analytics and reporting: Power BI, Tableau, and Google Data Studio.
• Automation and orchestration, serverless computing: AWS Lambda, Azure Functions, and Google Cloud.
• Containerization and orchestration: Docker and Kubernetes.
• Rightsizing and performance optimization: CloudWatch (AWS), Azure Monitor, and Stackdriver (Google Cloud).
• Financial forecasting and budgeting: Cloudability, CloudCheckr, and Cloudyn
• Data governance and compliance: AWS Lake Formation, Azure Purview, and Google Cloud Data Catalog.

Commonly used tools include cloud service providers' cost management consoles, third-party FinOps platforms, data analytics tools, and infrastructure-as-code frameworks. In our solutions, we create a best-matching combination of tools and technologies to keep you minimally dependent on third-party providers and still have all needs covered.