FinOps Service
Financial Operations is an emerging discipline focused on managing cloud costs vs cloud usage efficiently and effectively.
The establishment of FinOps practice within an organization involves integrating financial management practices with cloud operations to optimize costs, drive accountability, and foster collaboration between finance, procurement, IT, and business teams.
Implementation of efficient FinOps practice, helps organizations to gain better visibility into their cloud spending, align costs to their business objectives, and maximize the value from their cloud investments.
Crucial Benefits:
Cost Optimization : FinOps domain adoption facilitates cost optimization by implementing processes and tools to track, analyze, and optimize cloud spending.
It helps identifying cost drivers, optimizing resource utilization, and leveraging cost-saving measures such as reserved instances and spot instances to achieve significant cost savings without sacrificing performance or reliability.
Financial Accountability : Establishing FinOps domains promotes financial accountability across the organization by assigning clear ownership and responsibility for cloud costs to relevant teams and stakeholders.
It helps implement cost allocation mechanisms, chargeback models, and cost-aware delivery which empower teams to make informed decisions that align with budgetary constraints and financial goals of the project.
Our Approach:
Continuous Improvement: A FinOps practice encourages a culture of continuous improvement by establishing processes for monitoring, analyzing, and optimizing cloud costs on an ongoing basis.
By leveraging real-time insights and performance metrics, it helps identify opportunities for continuous cost optimization, automate repetitive tasks, and implement best practices to drive efficiency in cloud spending management.
Business Alignment: FinOps help align cloud spending with business objectives by providing visibility into the financial impact of cloud investments on key performance indicators (KPIs) and business outcomes.
It helps with tracking cost drivers and linking cloud spending to revenue generation, customer acquisition, and other business metrics which also provides a pathway to make data-driven decisions that can maximize the return on investment (ROI) from cloud infrastructure.
Collaboration and Governance : FinOps promotes collaboration and governance by fostering cross-functional partnerships between finance, product, IT, procurement and leadership teams.
It helps establish clear roles, responsibilities, and communication channels to ensure better alignment between financial goals, technical requirements, and business priorities.
Our Approach:
Our FinOps Service is completely pinned on the FinOps Framework by FinOps Foundation operating model on how to establish and excel the FinOps practice.
FinOps Framework
The FinOps Principles guides the activities of our FinOps specialist to implement a robust and effective practice framework.
The major principles are Teams need to collaborate, Decisions are driven by business value of the cloud, Everyone takes ownership for their cloud usage, FinOps data should be accessible and timely, Take advantage of the variable cost model of the cloud and a centralized team drives FinOps.
Adopting FinOps
One of the biggest challenges in starting a FinOps practice is getting broad executive support and buy-in to dedicate the time and resources needed for the cultural change, which is also echoed by the FinOps foundation.
Our FinOps specialist acts as a driver to outline key personas to inform and key milestones to accomplish to build the practice and culture within the organization.
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Planning for FinOps in an Organization.
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Socializing FinOps for adoption in an organization.
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Preparing the organization for FinOps.
Implementing FinOps Domains
The FinOps Domains describe the fundamental business outcomes organizations can achieve from the FinOps practice.
There are 4 domains with a set of capabilities under each domain and our FinOps specialist would help you define and develop these capabilities that provide value, according to your organization’s current needs and overall maturity.
The first three domains describe the FinOps practices required for successful cloud use. The fourth one describes the activities required to make the FinOps practice, itself, successful
Understand cloud usage and cost - Activities in this domain define the organizational metadata to categorize, allocate and summarize cloud cost and usage, and define the reporting and analytics processes to make that data available for use by all FinOps Personas.
Quantify business value - Within this domain activities are mapping monetary and non-monetary cloud costs to budgets, use historical information and future plans to forecast, establish and measure technical and organizational KPIs, and perform benchmarking across teams and business units.
Optimize cloud usage and cost - Activities in this domain manage the types, timing and amounts of cloud resources used, and the rates that are paid for those resources.
It also addresses architecture modernization, sustainability considerations for FinOps teams, and the use of licensed and consumption-based SaaS products.
Manage the FinOps practice - Activities here are centered on effective FinOps operation, enablement of the whole organization, improved interaction with all other personas and business functions to support and represent the cloud usage more effectively.
Overall our Finops specialist service would result in a successful FinOps culture and an increased ability to deliver organizational alignment to your cloud strategy.
FinOps Phases
Our Finops specialist understands that teams within an organisation may be working at different finops phases at any time and will be looking at the cloud use, identifying ways it could be improved, and creating documentation to empower the individuals responsible for enacting changes that will drive the most value.
The goal is to continuously develop strategies and refine workflows that involve the activities measuring the results, making incremental improvements, and maturing the process to reduce the time required to cycle through these phases.
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Inform - In this phase activities involve identifying data sources for cloud cost, usage and efficiency data.
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Optimize - In this phase activities involve identifying opportunities to improve cloud efficiency using the collected data.
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Operate - In this phase activities involve implementing organizational changes to operationalize FinOps using the data and capabilities developed in the earlier phases.
FinOps Maturity model
Our Finops specialist would help identify the right maturity model for your organisation. The finops specialist would conduct a detailed finops assessment to identify the maturity level of various capabilities and functional processes.
Our Finops specialist would follow the “Crawl, Walk, Run” approach outlined in FinOps Framework by FinOps Foundation which would enable you to start small, and grow in scale, scope, and complexity as business value warrants maturing the overall practice maturity level.
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How do you manage security and compliance across multiple cloud environments?Security and compliance management involve implementing consistent policies, guardrails, access controls, encryption mechanisms, monitoring tools, and compliance frameworks across all cloud providers.
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What are the key considerations when selecting cloud providers for a multi-cloud architecture?Key considerations include provider service offerings, geographic coverage, pricing model, SLAs, compatibility, security, compliance, and integration capabilities.
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What are the common challenges associated with implementing a multi-cloud architecture?Common challenges include interoperability issues, data integration complexities, management overhead, security concerns, and skills gaps.
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How do you ensure interoperability and workload mobility across multiple cloud providers?Interoperability and workload mobility can be ensured through integration mechanisms such as APIs, Level 3 connectivity, containerization and orchestration technologies like Anthos.
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How do you determine that a multi-cloud environment is right for my business ?We are not saying that the Multi-cloud environment is right for every business, however most of the businesses today large or small are leveraging multiple cloud platforms for e.g (Office 365 with AWS). We would conduct a thorough analysis of your existing IT landscape, workload combination, business objectives and your appetite for change to guide you through a well informed decision making process.
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How long does it take to implement a GCP Landing Zone?The implementation timeline varies depending on factors such as the size and complexity of your environment, but our proactive planning and collaborative approach help expedite the process while minimizing time and disruptions.
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Can the GCP Landing Zone accommodate multi-cloud or hybrid environments?While the primary focus is on Google Cloud, the Landing Zone can be customized to support multi-cloud and hybrid cloud architectures.
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What level of customization is possible with the GCP Landing Zone?The GCP Landing Zone can be highly customized to align with your specific business objectives, compliance requirements, and technical preferences, ensuring a tailored solution that meets all your important business needs.
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What are the key components of a GCP Landing Zone?The key components include foundational infrastructure (virtual networks, identity services), governance controls (Cloud IAM, Organization Policy), security mechanisms (Cloud Security Command Center, Cloud Key Management Service), monitoring solutions (Cloud Monitoring, Cloud Logging), and compliance frameworks (Cloud Audit Logging, Compliance Manager).
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How does a GCP Landing Zone facilitate compliance with regulatory requirements?A GCP Landing Zone facilitates compliance by implementing governance controls, access management policies, encryption mechanisms, and compliance frameworks to meet regulatory requirements such as GDPR, HIPAA, PCI DSS, and SOC 2.
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Does the GCP Landing Zone cater only to specific industry workloads?No, implementation of landing zones is an industry-proven practice and recommended across all industry segments. It is also recommended by all major cloud providers to facilitate secure and efficient adoption of cloud services.
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What are the key components of an Azure Landing Zone?Key components include foundational infrastructure (virtual networks, identity services), governance controls (Azure Policy, Azure Blueprints), security mechanisms (Azure Security Center, Azure Key Vault), monitoring solutions (Azure Monitor, Azure Log Analytics), and compliance frameworks (Azure Policy, Azure Compliance Center).
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What level of customization is possible with the Azure Landing Zone?The Azure Landing Zone can be highly customized to align with your specific business objectives, compliance requirements, and technical preferences, ensuring a tailored solution that meets all your important business needs.
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Can the Landing Zone accommodate multi-cloud or hybrid environments?While the primary focus is on Azure Platform, the Landing Zone can be customized to support multi-cloud and hybrid cloud architectures.
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Does the Landing zone cater only to specific industry workloads ?No, Implementation of landing zones is an industry proven practice and recommended across all industry segments. It is also recommended by all major cloud providers to facilitate secure and efficient adoption of cloud services.
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How does Azure Landing Zone facilitate compliance with regulatory requirements?Azure Landing Zone facilitates compliance by implementing governance controls, access management policies, encryption mechanisms, and compliance frameworks to meet regulatory requirements such as GDPR, HIPAA, PCI DSS, and SOC 2.
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How long does it take to implement the Azure Landing Zone?The implementation timeline varies depending on factors such as the size and complexity of your environment, but our proactive planning and collaborative approach help expedite the process while minimizing time and disruptions.
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How do we ensure data security and compliance during cloud migration?We implement the industry proven methods and chosen cloud provider recommended techniques to ensure data security and compliance during migration execution which includes encryption(in-transit & at rest), migration access controls, identity and access management (IAM) policies, data requirements, and compliance policies as per the operating industry standards and regulations.
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What are the key challenges associated with cloud migration?Common challenges include security and compliance concerns, application compatibility issues, data migration complexities, skills gaps, and cultural resistance to change.
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What are the different types of cloud migration strategies?Cloud migration strategies include rehosting (lift and shift), rearchitecting (refactoring), replatforming, repurchasing (as a service), retain and retiring.
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How do we determine which workloads to migrate to the cloud?Our workload assessment criteria typically include crucial factors such as business criticality, technical complexity, cost and time requirements.
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What is the expected timeline for a cloud migration project?The timeline for a cloud migration project varies depending on multiple factors such as the size and complexity of the environment, the chosen migration strategy, and organizations readiness, however typically can range from several weeks to several months.
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How do FinOps domains promote collaboration and governance ?FinOps domains promote collaboration by fostering cross-functional partnerships between finance, IT, and business teams and providing governance frameworks and controls to drive data driven decision making, mitigate risks, and optimize resource usage.
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How to ensure alignment between cloud spending and business objectives?We can ensure alignment by tracking cloud spending against key performance indicators (KPIs), linking cloud investments to revenue generation, customer acquisition, and other business metrics, and engaging stakeholders from finance, IT and business teams to define and prioritize financial goals.
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What are the common challenges associated with implementing FinOps domains?The most common challenges include lack of cost visibility and transparency, resistance to change, siloed organizational structures, complex cloud environments, and skills gaps in financial management and cloud technology.
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What are the key metrics and performance indicators used to measure the success of FinOps initiatives?Key metrics include cloud spending, cost savings, cost allocation accuracy, resource utilization, return on investment (ROI), and business impact metrics such as revenue growth, customer satisfaction, and time-to-market.
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How does FinOps practise help build strong FinOps capability and expertise ?The FinOps practise provides resource & cost visibility, workshops, implementing FinOps domain and capabilities, fostering a culture of cloud cost literacy and improvement and encouraging collaboration and knowledge sharing among finance, IT, procurement and business teams.
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Do you provide licenses for other products for example email protection, backups, security or workplace productivity and integration tools ?Yes, we do. We provide licenses and configuration/setup service for multiple IT continuity, security, operations and communications products and tools. Please send us a message with your query on chat form or via our contact us page and we would get back to you.
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Do you provide Microsoft Licenses ?Yes, we do. Please send us a message with your query on chat form or via our contact us page and we would get back to you.
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How much discount do you provide on AWS, GCP or Azure monthly bill ?The percentage of discount depends on your existing and forecast consumption, speak to us to know more. Please send us a message with your query on chat form or via our contact us page and we would get back to you.
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Do you provide IT support services ?Yes, we do. Please send us a message with your query on chat form or via our contact us page and we would get back to you.
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Do you provide/sell Google workspace licenses ?Yes, we do. Please send us a message with your query on chat form or via our contact us page and we would get back to you.
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Does the AWS Landing Zone/Environment cater only to specific industry workloads?No, the implementation of landing zones is an industry-proven practice and recommended across all industry segments. It is also recommended by AWS to facilitate secure and efficient adoption of AWS cloud services.
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How does AWS Landing Zone facilitate compliance with regulatory requirements?AWS Landing Zone facilitates compliance by implementing governance controls, access management policies, encryption mechanisms, and compliance frameworks to meet regulatory requirements such as GDPR, HIPAA, or SOC 2.
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What are the key components of an AWS Landing Zone?Key components include foundational infrastructure (VPCs, IAM services), governance controls (AWS Organizations, AWS Config), security mechanisms (AWS Security Hub, AWS KMS), monitoring solutions (AWS CloudWatch, AWS CloudTrail), and compliance frameworks (AWS Config).
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What level of customization is possible with the AWS Landing Zone?The AWS Landing Zone can be highly customised to align with your specific business needs, compliance requirements, and technical preferences, thus a tailored solution.
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How long does it take to implement the AWS Landing Zone?The implementation timeline varies depending on factors such as the size and complexity of your environment, but our proactive planning and collaborative approach helps expedite the process while minimizing disruptions.
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Can the Landing Zone accommodate multi-cloud or hybrid environments?While the primary focus is on the AWS platform, the Landing Zone can be customised to support multi-cloud and hybrid cloud architectures.