Transitioning to the cloud—whether private, public, hybrid, or multi-cloud—without a well-planned strategy can lead to unexpected expenses and higher costs. To maximize benefits and avoid unpleasant budget surprises, CFOs and CIOs need to evaluate cloud solutions through the lens of cost versus long-term value.
While selecting an appropriate pricing model and achieving cost transparency are common cloud cost management strategies, robust financial governance is essential. It aligns cloud expenses with business value, enhances ROI, and ensures optimal performance. This need is driving the emergence of a new service model: FinOps as a Service.
Half of business leaders identify challenges in measuring cloud value as a major obstacle to realizing ROI.
Optimizing workloads can reduce cloud costs by up to 70%
By 2026, advanced financial operations (FinOps) are expected to significantly improve cloud cost optimization and reduce budget planning efforts by up to 40%.
“FinOps isn’t just about managing cloud costs—it’s about optimizing your entire cloud strategy for maximum business value.”
FinOps starts with creating visibility into cloud spending by using detailed reports and dashboards.
Ensures that costs are tracked and reported based on usage, leading to better budgeting and financial accountability
FinOps focuses on reducing waste and maximizing value through several optimization techniques.
FinOps encourages collaboration between finance, engineering, and operations teams.
Businesses can adapt to changing needs and implement cost-saving strategies regularly.
Detailed insights into your cloud spending patterns, allowing for better visibility and understanding of costs across departments and services.
Implementation of chargeback and cost allocation models that assign cloud expenses to specific teams or projects, promoting accountability and transparency.
Guidance on rightsizing, scheduling, and optimizing cloud resources to minimize waste and enhance overall efficiency.
Establishment of financial governance policies to ensure compliance and effective management of cloud resources, helping mitigate risks associated with cloud spending.
Assistance in selecting and integrating financial management tools that align with your cloud environment, enhancing visibility and control over expenses.
Educational sessions and workshops designed to empower your teams with the knowledge and skills needed for effective cloud financial management.
Facilitation of communication and collaboration between finance, operations, and engineering teams to align cloud spending with organizational objectives.
Ongoing support to implement strategies that foster continuous improvement in cloud cost management and operational performance.
Utilization of data analytics to provide actionable insights that inform your financial decisions regarding cloud investments.
Setup of monitoring tools to track spending in real-time, with alerts for budget thresholds or unexpected spending patterns to help you stay on track.
Assistance with reviewing cloud service contracts to ensure you’re receiving optimal pricing and terms, maximizing your return on investment.
Establishment of key performance indicators (KPIs) to measure the effectiveness of your cloud spending and FinOps initiatives.
Development of a customized FinOps strategy that aligns with your unique business goals, ensuring that your cloud investments are effectively managed.
Every business has distinct needs, and so do their cloud financial objectives. DolpTec financial consulting experts conduct a comprehensive assessment of your workloads, usage, and billing to identify your specific FinOps requirements. After this initial evaluation, we create robust performance tracking and benchmarking plans to facilitate informed, real-time decision-making. To ensure sustainable financial governance, our experts assist clients in planning and implementing strategies for cloud rate and usage optimization, while also fostering a cost-aware culture.
We are Certified FinOps professionals, member of the FinOps Foundation and the FinOps Cost and Usage Specification (FOCUS™) group