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FinOps

Short for “Financial Operations”. Practices and activities of managing and optimizing cloud cost and resources.
Result-driven. We combine experience, technology, methodology and processes to optimize your cloud cost spending.

Adressing FinOps

Lack of organizational awareness on cloud provider’s billing models & pricing.

Complex price lists across different silos/regions.

Complex deployment models across multiple public clouds.

Lack of standardization between different cloud providers.

Extreme granularity/ambiguate in cloud providers bills.

Constant change in cloud provider offerings.

Ease of resource provisioning.

Complexity in forecasting, demand, and managing capacity.

0%
Had experienced cost optimization challenges in the cloud
*Couldability – Financial Management Tool

Adressing FinOps

Lack of organizational awareness on cloud provider’s billing models & pricing.

Complex price lists across different silos/regions.

Complex deployment models across multiple public clouds.

Lack of standardization between different cloud providers.

Extreme granularity/ambiguate in cloud providers bills.

Constant change in cloud provider offerings.

Ease of resource provisioning.

Complexity in forecasting, demand, and managing capacity.

0%
Had experienced cost optimization challenges in the cloud
*Couldability – Financial Management Tool

CapEx vs OpEx

0%
Gartner – Management Consulting Company
A prediction that organization who don’t adopt FinOps services will overspend by 40% or more, on public cloud environment.

Adressing FinOps – Why?

The new operating model introduced complicated factors

01

Decentralization

Finance & Procurement

vs
All IT team

02

A lot of variables

Fixed.

Variable spending
became the norm

Very difficult to
forecast budgets

03

On-demand

Overprovisioning

The question becomes:
Techniques to control and utilize consumption of resources in the cloud?

CapEx vs OpEx

0%
Gartner – Management Consulting Company
A prediction that organization who don’t adopt FinOps services will overspend by 40% or more, on public cloud environment.

Adressing FinOps – Why?

The new operating model introduced complicated factors

01

Decentralization

Finance & Procurement

vs
All IT team

02

A lot of variables

Fixed.

Variable spending
became the norm

Very difficult to
forecast budgets

03

On-demand

Overprovisioning

The question becomes:
Techniques to control and utilize consumption of resources in the cloud?

FinOps – Technology Consulting Service

FinOps – Technology Consulting Service

An essential financial management discipline and cultural practice that allows organizations:
Get maximum business value
To collaborate (engineering, finance, technology and business teams)
On data-driven spending decisions
This involves:
Implementing processes and tools to track analyse and manage cloud costs
Educating stakeholders on best practices for cloud cost optimization
This collaboration ensures:
Alignment with business objective
Cloud usage is optimized
Overall cloud services is reduced
Optimizing cloud costs without sacrificing performance or funcationalities
Stakeholders shall speak the same language
An essential financial management discipline and cultural practice that allows organizations:
Get maximum business value
To collaborate (engineering, finance, technology and business teams)
On data-driven spending decisions
This involves:
Implementing processes and tools to track analyse and manage cloud costs
Educating stakeholders on best practices for cloud cost optimization
This collaboration ensures:
Alignment with business objective
Cloud usage is optimized
Overall cloud services is reduced
Optimizing cloud costs without sacrificing performance or funcationalities
Stakeholders shall speak the same language

Pillars of FinOps

Accountability and enablement
Focuses on establishing a centralized cross-funcational team whose responsibility is to set governance and standards to manage cloud costs.

Cost optimization
Identifying key cost drivers, providing visibility, and making it a continuous process to constantly optimize cloud costs.

Tools and Accelerators
Using the right cloud cost tools to properly allocate and effectively track cloud spend.

Measurement and realization
Developing KPIs and business value matrics to track success of cloud transormation.

Planning and Forcasting
Cloud costs and deciding on a proper showback or chargeback mechanism

Pillars of FinOps

Accountability and enablement
Focuses on establishing a centralized cross-funcational team whose responsibility is to set governance and standards to manage cloud costs.

Cost optimization
Identifying key cost drivers, providing visibility, and making it a continuous process to constantly optimize cloud costs.

Tools and Accelerators
Using the right cloud cost tools to properly allocate and effectively track cloud spend.

Measurement and realization
Developing KPIs and business value matrics to track success of cloud transormation.

Planning and Forcasting
Cloud costs and deciding on a proper showback or chargeback mechanism

FinOps journey

High-level overview

It’s not a one-time activity, but rather an ongoing process of continuous improvement
Iterative Methodology
Knowledge is building
Real-time decision

FinOps journey

High-level overview

It’s not a one-time activity, but rather an ongoing process of continuous improvement
Awareness Inform
Identifying cost inefficiencies, tracking cloud spend, and understanding the business impact
Optimization Optimize
Implement cost management strategies and tools to optimize their cloud usage. This may include rightsizing resources, leveraging reserved instances, and implementing cost allocation and chargeback mechanisms.
Governance Operate
Governance policies and processes to ensure compliance, security, and cost optimization. This may involve setting up cost centres, defining roles and responsibilities, and establishing policies around resource usage and access.
Culture Operate
A culture of cost optimization and accountability within the organization. This may involve educating stakeholders about cloud costs, incentivizing cost optimization, and fostering collaboration between teams to drive efficiency and innovation.

Iterative methodology
Knowledge is building
Real-time decision

SORINT’s Tailored Journey

SORINT’s Tailored Journey

Experts involved

Prestigious certificates

Sircle (departments) involved

FinOps

Awsome

Next Exterprise X Team (Next)

Microsof & Azure

Experts involved

Sircle (departments) involved

FinOps
Awsome
Next Exterprise X Team (Next)
Microsof & Azure

Prestigius certificates

Architecture – Closer Look
Understanding Fully Loaded Costs
  • Map spending data to the business
  • Set tag strategy and compliance
  • Create showback and chargeback reporting
  • Define budgets and forecasts
  • Map spending data to the business
Benchmark Performance
  • Trending & Variance Analysis
  • Create Scorecards, metrics & KPI’s
  • Benchmark internally and against “industry” peers
Optimize Rates
  • Balance use of various rate types
  • Select discounts that match your flexibility
  • Pre-purchase capacity
  • Custom and Volume Discounts / Sustained Usage
  • Utilize Marketplace
  • Licensing Optimization
Enable Real Time Decision Making
  • Provide timely and consistent spend / usage data to all stakeholders
  • Identify Anomalies
  • Find & Remove underutilized services
Optimize Usage
  • Rightsizing
  • Workload Management
  • Automation
Align Plans to the Business
  • Mini-Business Cases
  • Tracking and Trending
  • Communication strategy
  • Ongoing reviews with stakeholders on optimization opportunities
  • Develop a framework for decision making that aligns with the business drivers

FinOps Capabilities Architecture

Understanding Fully Loaded Costs
  1. Map spending data to the business
  2. Set tag strategy and compliance
  3. Create showback and chargeback reporting
  4. Define budgets and forecasts
  5. Map spending data to the business
Benchmark Performance
  1. Trending & Variance Analysis
  2. Create Scorecards, metrics & KPI’s
  3. Benchmark internally and against “industry” peers
Optimize Rates
  1. Balance use of various rate types
  2. Select discounts that match your flexibility
  3. Pre-purchase capacity
  4. Custom and Volume Discounts / Sustained Usage
  5. Utilize Marketplace
  6. Licensing Optimization
Enable Real Time Decision Making
  1. Provide timely and consistent spend / usage data to all stakeholders
  2. Identify Anomalies
  3. Find & Remove underutilized services
Optimize Usage
  1. Rightsizing
  2. Workload Management
  3. Automation
Align Plans to the Business
  1. Mini-Business Cases
  2. Tracking and Trending
  3. Communication strategy
  4. Ongoing reviews with stakeholders on optimization opportunities
  5. Develop a framework for decision making that aligns with the business drivers
Leading to

Manifestaion of success

Cross-organizational trust

More predictable cloud spending

Reduce cost/spending

Accountability & auditability

Unit-based economics

Acceleration in innovation with lower risks

Leading to

Manifestaion of success

Cross-organizational trust

More predictable cloud spending

Reduce cost/spending

Accountability & auditability

Unit-based economics

Acceleration in innovation with lower risks

Success stories

Delivered by: SORINTians

European Biomedical Research Foundation (FERB)

Migration to Oracle Cloud. Applying FinOps

01
Challenge
Low performance datacenter premise.
  • Hardware and software - performance issues.
  • Increase security measures - cyber threats
  • Supply to other hospitals – requirement.
02
Goind forward
Proposed 2 scenarios:
  • Renovate the on-premise datacenter.
  • Migrate to Oracle cloud.
03
Simulated a 5 years study which clarified:
Oracle cloud up to 35% lower cost vs new hardware infrastructure.
  • Oracle opportunity to update OS servers (windows and linux ) latest compatible version.
  • A significant upgrade to security measures. E.g. Separated networks, dedicated VPN, and Infrastructure level.
  • Advantages in scalability, security, flexibility, and integration.
Result & delivery (UTD)
  • Data-driven decisions and implementation.
  • Control and successful migration.
  • 10% more saving vs expected.
  • Invested in Disaster Recovery Environment.
Read more
04
Solution and Implementation:

FinOps methodology-driven analysis and implementation to redesign the infrastructure’s performance, and have estimate costs.
In Which, opened opportunity to optimize the allocation of VMs to support the various applications.

Large multinational enterprise

Start a FinOps Journey

01
Challenge
Introduce FinOps
  • Oracle cloud & Azure platform.
  • 3 months evaluation.
02
Goind forward
Understanding and engaging stakeholders. Tags and reporting became the primary focus.
03
Accepting the challenge – Solution and Implementation
Client had resources classified as “high variables”.  Business units are subject to updates in their denomination.
  • Adopted a tool for reading tags of resources.
  • Real-time
Over a period of 30 days. A conducted analysis was in-hands. Avg. of CPU, memory, storage, and on recurring peaks.
Read more

Result & delivery (UTD)

  • Data-driven decisions and implementation.
  • Control and successful migration.
  • 10% more saving vs expected.
  • Invested in Disaster Recovery Environment.

Success stories

Delivered by: SORINTians

European Biomedical Research Foundation (FERB)

Migration to Oracle Cloud. Applying FinOps

01
Challenge
Low performance datacenter premise.
  • Hardware and software - performance issues.
  • Increase security measures - cyber threats
  • Supply to other hospitals – requirement.
02
Goind forward
Proposed 2 scenarios:
  • Renovate the on-premise datacenter.
  • Migrate to Oracle cloud.
03
Simulated a 5 years study which clarified:
Oracle cloud up to 35% lower cost vs new hardware infrastructure.
  • Oracle opportunity to update OS servers (windows and linux ) latest compatible version.
  • A significant upgrade to security measures. E.g. Separated networks, dedicated VPN, and Infrastructure level.
  • Advantages in scalability, security, flexibility, and integration.
04
Solution and Implementation:

FinOps methodology-driven analysis and implementation to redesign the infrastructure’s performance, and have estimate costs.
In Which, opened opportunity to optimize the allocation of VMs to support the various applications.

Result & delivery (UTD)
  • Data-driven decisions and implementation.
  • Control and successful migration.
  • 10% more saving vs expected.
  • Invested in Disaster Recovery Environment.
Read more
Large multinational enterprise

Start a FinOps Journey

01
Challenge
Introduce FinOps
  • Oracle cloud & Azure platform.
  • 3 months evaluation.
02
Goind forward
Understanding and engaging stakeholders. Tags and reporting became the primary focus.
03
Accepting the challenge – Solution and Implementation
Client had resources classified as “high variables”.  Business units are subject to updates in their denomination.
  • Adopted a tool for reading tags of resources.
  • Real-time
Over a period of 30 days. A conducted analysis was in-hands. Avg. of CPU, memory, storage, and on recurring peaks.

Result & delivery (UTD)

  • Data-driven decisions and implementation.
  • Control and successful migration.
  • 10% more saving vs expected.
  • Invested in Disaster Recovery Environment.

Related Solutions and Tools by SORINTians

Ercole
Proactive Software Asset Management
A service and an open source software product that tracks database licenses for optimization and compliances. Ercole can help you improve database performance, capacity and security level.
Read more

Related Solutions and Tools by SORINTians

Ercole
Proactive Software Asset Management
A service and an open source software product that tracks database licenses for optimization and compliances. Ercole can help you improve database performance, capacity and security level.
Read more