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    Version 1 FinOps – Cloud Cost Optimisation

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    Sold by: Version 1 
    According to Forbes, 30% of cloud spend is wasted. The more complex the organisation and cloud usage, the greater the need for FinOps. As you build more cloud environments, tracking, aligning and optimising cloud costs has never been more important. Our modular suite of FinOps offerings – supported by a proven delivery method – can be provided as a whole, in packages or individually as per your specific needs.

    Overview

    Definition

    FinOps is and will increasingly be critical for businesses to understand the cost of products and services they provide through actionable insights. It is a key enabler for transformation by spending well and gaining a ROI in technology. FinOps represents a cultural and organisational shift that involves everyone and is crucial for realising value.

    The Package

    The Version 1 has a dedicated team specialising in the ongoing optimisation of enterprise licensing and cloud consumption and can help you with the following:

    • Advise and guide with creating your own internal FinOps discipline to fit into your business’s overall processes and procedures.

    • Validate/verify your current FinOps practice and make appropriate recommendations.

    • Outsource some or all your FinOps discipline to Version 1 whilst adhering to any specific in-house processes.

    Our FinOps engagement includes a complimentary remote FinOps Diagnosis Workshop to help establish your current state, identify strengths, weaknesses and opportunities for improvement.

    https://www.version1.com/it-service/software-asset-management/cloud-licensing/finops-cloud-cost-optimisation/ 

    Knowledge Transfer

    Version 1 aims to set our customers up for success long after we have left. We work with your staff to upskill and train them providing detailed documentation, and tailored knowledge transfer sessions to accommodate customer teams needs.

    Key Technologies

    We utilise various AWS capabilities such as Savings Plans and Reserved Instances with the correct use of Spot Instances alongside various AWS platform services like Amazon Cost Explorer and Budgets with Cost Anomaly Detection and QuickSight for cost observability.

    Highlights

    • Use our assessment to understand how ready your organisation is for change, where you aspire to be and the actions you need to take to close the gaps.
    • Harness our experience across sectors and multiple industries to understand the benefits and challenges of FinOps, embed it within your processes and align your colleagues to its benefits.
    • Our FinOps Framework provides the most extensive and thought leading view of FinOps as a discipline. Establish a FinOps operating model and the realise the value of FinOps in realising a return on investment from spend.

    Details

    Sold by
    Version 1 
    Categories
    Assessments 
    Cloud Financial Management 
    Delivery method
    Deployed on AWS

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