FinOps
Expand FinOps savings to software licenses and SaaS
Flexera One FinOps solutions enable you to excel across the three phases of FinOps—inform, optimize, and operate—to control growing cloud costs. FinOps practices must also address the impacts of software licensing and marketplace purchases to calculate the total cost of ownership (TCO) for the cloud. Flexera One is a unified platform for FinOps, ITAM, and SaaS that breaks down silos and facilitates cross-team collaboration, providing insights and optimization opportunities that maximize ROI from your cloud spend.
Related Products / Solutions
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Maximize business value throughout FinOps phases
Inform
Improve visibility and allocation of hybrid cloud spend
Gain full 360° visibility with ingestion and reporting for all major cloud providers, as well as regional and niche cloud vendors. Understand the commercial software running on cloud resources and the associated licensing with anomaly detection, budget tracking and spending trends. The ability to ingest related costs such as support, labor and taxes, enables full visibility of cloud-based application costs.
Optimize
Improve efficiency of cloud and software spend
Leverage automated governance and financial controls to realize the ROI of your hybrid cloud strategy. Gain actionable insights into cost-saving opportunities across multiple cloud providers, hybrid use, BYOL (bring your own license) opportunities, and software licensing compliance implications.
Operate
Operate FinOps at scale
Leverage automation to optimize spending for hybrid, multi-cloud environments as they increase in size and complexity without straining your FinOps, ITAM, SaaS or cloud management teams. Use extensible cost-savings policies that identify and eliminate waste without manual work. Identify the impacts of software licensing as your cloud estate continues to evolve. Now you can realize continued value across both FinOps and ITAM.
Hybrid ITAM and FinOps
Transcend FinOps and ITAM silos
Flexera One combines Cloud Cost Optimization, IT Asset Management and SaaS Management within a single SaaS platform. As a result, you can extend your FinOps practices to include all costs associated with the cloud, including cloud resources, support costs, labor costs and software licensing expenditures.
Hybrid estate cost optimization
Holistic cloud spend efficiency
Identify opportunities for cloud cost optimization across all cloud resources, including usage reduction and elimination, as well as rate reduction and discount options. Flexera’s optimization recommendations span cloud resources in multiple cloud providers across your IT estate, enabling holistic cloud spend efficiency.
How it Works
Complete FinOps coverage
- Common bill ingest: ingest cost data from any cloud, in any currency, and all related cloud costs
- Genuine multi-cloud reporting: Tabular view of all cloud sources in a single source with currency options
- Extensible policy engine: Automation and remediation of FinOps activities and bespoke recommendations
- Automated actions: Automatically take actions based on recommendations spanning your entire cloud estate
- ITAM and FinOps: Enable collaboration between FinOps, SAM and SaaS disciplines
Flexera helped us get insights on our cloud spend and be more efficient by reducing waste.
JayKay Selvaraj, Senior Manager Technical Products Copa Software
Frequently asked questions
Per the FinOps Foundation, “FinOps is an operational framework and cultural practice which maximizes the business value of cloud, enables timely data-driven decision making and creates financial accountability through collaboration between engineering, finance and business teams.”
Hybrid ITAM and FinOps combines the existing core components of the classic FinOps framework and lifecycle and extends it to encompass additional cloud costs and compliance considerations associated with licensed software.
The FinOps journey consists of three iterative phases:
Inform
The inform phase focuses on visibility and allocation. It involves determining data sources for costing and usage. It helps teams improve budgeting, forecasting and benchmarking to optimize cloud spending and maximize value throughout the cloud environment.
Optimize
The optimize phase involves rates and usage. Here, teams review inefficiencies and explore opportunities based on insights derived from the Inform phase.
Operate
The operate phase is all about implementation and continuous improvement. It involves operationalizing changes using the data and capabilities developed in the two previous phases. This means applying strategies like cloud governance policies, compliance monitoring and FinOps solution training programs, among others.
Informing IT, Transforming IT
Industry insights to help keep you informed
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Snow saves 9% of total compute Azure bill with BYOL data insights
Guide
The FinOps Foundation’s IBM Cloud Licensing Management Guide
Your essential guide to navigating the IBM Cloud Platform.
Guide
The FinOps Foundation’s Oracle License Management Guide
Your essential guide to navigating Oracle’s software licenses in the cloud.
Guide
The FinOps Foundation’s Microsoft Licensing Management Guide
Your essential guide to deploying Microsoft solutions in the public cloud.
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The perpetual loop of cloud cost optimization: Understanding the phases of FinOps
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Making data-driven decisions for your IT sustainability strategy
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