Cloud Financial Management (CFM) by Datacom

Cloud Financial Management (CFM) at Datacom refers to the comprehensive approach to managing the financial responsibilities associated with Public Cloud usage. It addresses the challenges posed by the cloud's distributed consumption model, which requires organizations to be cost-aware and integrate financial considerations into their planning and operations. CFM encompasses a range of tools, technologies, education, and process changes designed to support finance and procurement teams in navigating the complexities of cloud spending, ultimately helping organizations avoid cost overruns and achieve faster time to value from their Public Cloud investments.

Benefits

• Accelerate Cloud Spend Visibility and Control Empower your teams to own, predict, and optimize AWS costs using comprehensive visibility tools integrated with AWS billing data.

• Drive Cost-Aware Culture Aligned to AWS Best Practices Leverage governance, budgeting, and tagging strategies directly tied to AWS account structures, resource tags, and billing metadata to embed cost-awareness across engineering and business teams.

• Unlock AWS Vendor Discounts and Commitment Premiums Optimize your use of AWS Savings Plans and Reserved Instances by informed forecasting and rate commitments supported by Datacom’s data-driven insights.

• Reduce Risk and Speed ROI on AWS Public Cloud Avoid cost blowouts and delayed project timelines by maturing your Cloud Financial Management processes, supported by AWS native tools plus extended Cloud Platform Management (CPM).

• Multi-Vendor, AWS-Native Integration While focused on AWS, Datacom’s CFM manages multi-cloud costs with seamless integration, enabling enterprise-wide cost governance.

Service Process

1. Framing the Challenge • Identify your organization’s key cloud financial pain points • Define success criteria based on AWS service usage patterns, budgets, and stakeholder expectations • Align CFM strategic objectives with your AWS consumption growth and cost optimization goals • Scope and timeline setup for progressive FinOps maturity

2. Innovation Sprint • Collaborative workshops between Datacom CFM experts, your finance, procurement, and AWS architects • Rapid ideation on tooling improvements, reporting, and governance mechanisms directly driven by AWS metadata • Development of customized dashboards and automated workflows using AWS Lambda • Deliver a working model of cost allocation, forecasting, and rate optimization to demonstrate immediate value

3. Review and Recommendations • Present transparent AWS cloud spend insights mapped to your organization units and projects • Suggest incremental improvement plans based on FinOps maturity phases (Crawl, Walk, Run) • Roadmap delivery for scalable adoption of AWS cost optimization capabilities and enhanced Cloud Platform Management tooling • Support for pilot AWS savings plan purchases and automated governance enforcement • Provide ongoing capability development and stakeholder enablement aligned with AWS innovation

CFM Product Offerings

Cloud Managed Billing

• Consolidate AWS invoices aligned with your internal cost allocation needs

• Receive FX rates at NZ Reserve Bank pricing with no fees

• Integrated access to Datacom-provided training and support

• Rebates from AWS vendor contracts converted into discounts on advanced CFM services

• $250k/month AWS spend: Fully subsidized CFM services at all support levels

AWS Services that may be consumed during the service delivery • AWS Lambda
• AWS Glue / Athena • AWS S3