USU FinOps
What is Cloud Cost Management?
Cloud cost management focuses on monitoring, measuring, and controlling cloud ROI.
The goal is to achieve full visibility into cloud costs, to optimize spend while maintaining the performance level of cloud services.
What can efficient Cloud Cost Management do for you?
Unlock efficiency for your Cloud investments: Navigating the complexities of Cloud cost allocation poses a significant challenge, especially when ensuring applications have what they need without overspending. Forrester highlights a common trend: 94% of businesses over-allocate resources to maintain application performance, impacting ROI negatively. USU FinOps empowers you to gain precise insights into Cloud resource consumption, enabling strategic adjustments that prevent overcapacity and reduce costs by up to 30%. Our solution provides real-time data insights to adjust forecasts, track budgets, or optimize usage effectively.
Your benefits
Cloud operations, enhanced and under control
Managing cloud spend with one click
Build customizable dashboards and centralize opportunities for optimization across key resource elements, such as tags, teams, environments, and more
Timely data-driven decision-making
Use real-time data insights to make informed decisions, adjust forecasts, track budgets, or optimize resource usage as needed.
Shared cost reallocation
Utilize virtual tagging which facilitates cloud spend breakdowns, and allowing for a more refined reallocation of shared expenses based on consumption.
Achieving multi-cloud visibility
Comprehensive Cloud visibility at your fingertips:
- Complete visibility in multi-cloud environment, enabling consolidated reporting and dashboards.
- Integrate with AWS, Azure, Google Cloud Platform, and OCI but also Kubernetes, Datadog, Databricks, Snowflake and more to ensure visibility over all costs.
Optimizing Cloud databases
Refine your database resource management:
- Pinpoint your database needs for Azure SQL, Amazon RDS and Google Cloud SQL, allowing for precise scaling that matches application demands.
- Understand the full scope of your database and operating system costs, and optimize your Cloud database resources efficiently.
Managing Kubernetes and BYOL
Enhance your container infrastructure and license management:
- Gain insights into your Kubernetes infrastructure end enterprise support on optimizing container utilization.
- Explore Bring Your Own License (BYOL) opportunities and determine if existing licenses can be transferred to the Cloud, fostering both flexibility and cost savings.
Turning Cloud spend into business growth
Optimize your Cloud costs:
- Eliminate waste (e.g. unused resources).
- Identify cost savings opportunities (e.g. reserved instances, savings plans, commitments, rightsizing, or autoscaling).
- Track and share achieved savings and key KPIs.
How USU masters your Cloud cost challenges
Reducing public Cloud expenses
By continuously monitoring your Cloud landscape, USU identifies optimization opportunities to maximize your Cloud investment value. From application, to platform, to hardware, our analysis engine takes the resource requirements and dependencies of the entire stack into account.
Securing discounts from Cloud vendors
Through automated connector-monitoring and optimization support, USU helps you leverage the best possible rates from your Cloud providers, ensuring your Cloud budget is spent wisely.
Maintaining a continuous overview of Cloud spending
Our extensive reporting capabilities integrate seamlessly into your workflows, offering a clear picture of your capacity utilization of computing and SQL instances as well as Cloud expenditure, and helping you stay on top of your financial commitments across multiple Cloud platforms.
FAQ
What is cloud spend management?
Cloud spend management involves the processes and tools used to monitor, analyze, and control the costs associated with cloud computing. It aims to ensure that cloud resources are utilized efficiently, helping organizations avoid overspending while maximizing cloud investments.
Why is cloud cost management so difficult?
Cloud cost management is challenging due to the complexity and dynamic nature of cloud environments. The decentralized nature of cloud resource provisioning can lead to shadow IT and unmonitored costs.
Why do we need cloud cost optimization?
Cloud cost optimization is essential for ensuring that cloud investments are aligned with business value and objectives.