FinOps Evaluation & Jumpstart Implementation

Encora’s FinOps Evaluation & Jumpstart Implementation is a targeted offering designed to help organizations optimize their cloud financial management while building a strong foundation for long-term financial operations. Through an initial evaluation, we assess your current cloud financial practices, identify inefficiencies, and recommend strategies to improve visibility, control, and cost efficiency.

In the short term, we focus on "quick wins"—small but impactful changes that deliver immediate benefits in terms of cost savings, resource optimization, and improved financial transparency. These quick wins include optimizing cloud resource usage, refining cost allocation methods, and implementing robust forecasting and budgeting practices.

Beyond the immediate gains, we guide organizations in establishing a mature FinOps framework using AWS Cost Explorer, AWS Cost and Usage Reports, AWS Trusted Advisor, AWS Cost Anomaly Detection and AWS Budgets and Alerts. This comprehensive approach ensures sustainable cloud cost management and financial accountability across teams, with a focus on continuous improvement, governance, and cross-functional collaboration between finance, operations, and engineering teams.

Key features include:

• Cloud Financial Operations Evaluation: Thorough assessment of current cloud spending, usage patterns, and financial governance using AWS Cost Explorer, AWS Cost and Usage Reports, AWS Trusted Advisor, AWS Cost Anomaly Detection and AWS Budgets and Alerts.
• Quick Win Identification: Identifying actionable, high-impact opportunities to optimize cloud financial operations immediately.
• Cost Optimization: Reducing waste and improving resource allocation for more cost-effective cloud management.
• Governance and Control Enhancements: Strengthening policies and cost allocation processes for better tracking, management, and accountability.
• Reporting and Forecasting: Implementing better forecasting tools and data-driven reporting for improved financial visibility.
• Next Steps for Long-Term FinOps Framework Development: Prioritization and Roadmap of next initiative to establish a mature, scalable FinOps framework for ongoing financial optimization and governance across the organization.

This service is ideal for organizations looking to achieve both short-term cloud financial improvements and long-term financial maturity in their cloud operations