What is Finops?

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Cloud Financial Management (FinOps) is the operating model for the cloud- combining systems, best practices and culture to increase an organization’s ability to understand cloud costs. It is the practice of bringing financial accountability to cloud spend, enabling global teams to make informed business decisions. FinOps empowers collaboration between IT, Engineering, Finance, Procurement and the business. It enables IT to develop into a service organization that focuses on adding value to the business with cloud technology.

Finout's FinOps solution:
A holistic solution for all FinOps domains

  • Step 1

    Cloud Usage & Cost

  • Step 2

    Cloud Rate Optimization

  • Step 3

    Performance Tracking & Benchmarking

  • Step 4

    Cloud Usage Optimization

  • Step 5

    Real-Time Decision Making

  • Step 6

    Organizational Alignment

Finout's cloud cost & usage solution

“This domain enables an organization to understand what cloud services their using, what is driving spending, and who owns that spending. It provides key data consistently to support a picture of current cloud usage and a view into historical trends, at a level of granularity.”

(FinOps Foundation)

This domain is the core of what we do, offering full cost transparency across your entire infrastructure at any level of detail. It empowers you to compare costs with usage, enhancing anomaly detection and accountability.

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Understanding Cloud Rate Optimization

“The Rate Optimization domain will contain the specialized capabilities to improve the manner in which we purchase cloud services, and ensure our pricing models, purchase options, and committed use are consistent with our goals."

(FinOps Foundation)

The outcome of using Finout’s platform is exactly that, going back to your cloud providers and improving you purchase options, exactly like in Singular’s case study

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Finout solution to understanding Performance tracking & benchmarking

"Within this domain, the organization sets and maps its usage and cost to budgets, uses historical information to forecast and establishes and measures KPIs and other performance indicators, including benchmarking."

(FinOps Foundation)

Each main dashboard in Finout allows users to compare usage to spend, and with our advanced customizable dashboard feature there is literally no limit to what a user can detect. Additionally, Finout is the only tool that has native integration with Datadog! 

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Understanding Cloud Usage Optimization

“Using the right resources, in the right size, only when we need them to produce business value is ultimately what the variable use model of the cloud allows us to do to maximize value to our business.”

(FinOps Foundation)

With Finout's advanced features, users can quickly identify which resources are redundant or too costly. They can also create KPIs to measure any service in the long run, thereby maximizing the company's business value like never before. 

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Understanding Real-Time decision making

“When we understand what we are spending, and understand how we are performing relative to expectations and standards, we can then use that information to make real-time decisions as we receive new information.”

(FinOps Foundation)

With Finout's advanced alerting, reporting, and anomaly detection, users can gain insights into their operations at any moment and make informed decisions with comprehensive data. Read Hunters' case study to learn more.

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Understanding Organizational Alignment

“The capabilities we’ll use to continuously improve, to change and align our organization itself - its people, processes, and technology.”

(FinOps Foundation)

Our customizable dashboard, the self-service platform gives each individual in the company, from Finance, and Sales to DevOps full access to the metrics that interest them and gives the company the tools to make real change and start talking in business metrics.

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Step 1

Cloud Usage & Cost

“This domain enables an organization to understand what cloud services their using, what is driving spending, and who owns that spending. It provides key data consistently to support a picture of current cloud usage and a view into historical trends, at a level of granularity.”

(FinOps Foundation)

This domain is the core of what we do, offering full cost transparency across your entire infrastructure at any level of detail. It empowers you to compare costs with usage, enhancing anomaly detection and accountability.

slider_image1

Step 2

Cloud Rate Optimization

“The Rate Optimization domain will contain the specialized capabilities to improve the manner in which we purchase cloud services, and ensure our pricing models, purchase options, and committed use are consistent with our goals."

(FinOps Foundation)

The outcome of using Finout’s platform is exactly that, going back to your cloud providers and improving you purchase options, exactly like in Singular’s case study

slider_image2

Step 3

Performance Tracking & Benchmarking

"Within this domain, the organization sets and maps its usage and cost to budgets, uses historical information to forecast and establishes and measures KPIs and other performance indicators, including benchmarking."

(FinOps Foundation)

Each main dashboard in Finout allows users to compare usage to spend, and with our advanced customizable dashboard feature there is literally no limit to what a user can detect. Additionally, Finout is the only tool that has native integration with Datadog! 

slider_image3-1

Step 4

Cloud Usage Optimization

“Using the right resources, in the right size, only when we need them to produce business value is ultimately what the variable use model of the cloud allows us to do to maximize value to our business.”

(FinOps Foundation)

With Finout's advanced features, users can quickly identify which resources are redundant or too costly. They can also create KPIs to measure any service in the long run, thereby maximizing the company's business value like never before. 

slider_image4

Step 5

Real-Time Decision Making

“When we understand what we are spending, and understand how we are performing relative to expectations and standards, we can then use that information to make real-time decisions as we receive new information.”

(FinOps Foundation)

With Finout's advanced alerting, reporting, and anomaly detection, users can gain insights into their operations at any moment and make informed decisions with comprehensive data. Read Hunters' case study to learn more.

slider_image5

Step 6

Organizational Alignment

“The capabilities we’ll use to continuously improve, to change and align our organization itself - its people, processes, and technology.”

(FinOps Foundation)

Our customizable dashboard, the self-service platform gives each individual in the company, from Finance, and Sales to DevOps full access to the metrics that interest them and gives the company the tools to make real change and start talking in business metrics.

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Driving business outcomes across industries
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We imagined what the perfect FinOps solution should look like - and that is exactly what Finout is.

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Jean-Brice Gachot
Jean-Brice Gachot Cloud FinOps Engineer
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Finout's solution for cost allocation in dynamic Kubernetes environments has been an invaluable asset to our operations

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Vijay Kurra
Vijay Kurra Senior Manager Cloud FinOps
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With Finout, it is easy to gather huge amounts of data from a range of sources and create reports that suit each department, tailored to their specific KPIs.

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Ron-Tzrouya
Ron Tzrouya Lead Cloud FinOps & Analysis
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We’ve discovered that Finout can help wherever you are in the FinOps journey - as you progress in your journey, Finout provides the right tools at the right time. 

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Dean-Heistad
Dean Heistad VP Technology Operations
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Within a couple of weeks I got a cost management system that has become the ONLY one I need and use. I tip my hat to the Finout team.

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Gilad-Katz
Gilad Katz Cloud FinOps Engineer
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Our investment in Finout paid off quickly- we covered its cost within days and achieved a 150% ROI within the first week!

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Jan-Wiberg
Jan Wiberg Cloud Architect
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Before Finout, I spent hours every month collecting data from various platforms and allocating our costs to our customers. Now, I can see it daily and get the answers I need in seconds.

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Tomer-Kazaz
Tomer Kazaz Co-Founder & CTO
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It sounded like it would be easy to create our own tool - just gather the information and create a few dashboards - but it’s a lot more complicated than it seems. Finout solved it for us. 

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Vitaliy-Pisarev
Vitaliy Pisarev Staff Software Engineer

Finout's FinOps capabilities:
Explore our main FinOps features

  • Cost Allocation

  • Data Analysis and Showback

  • Measuring Unit Cost

  • Managing Shared Cost

  • Forecasting

  • Managing Cost Anomalies

As Finout considers itself the one source of truth for all usage-based pricing, we’ve built Finout from the ground up to support cost allocation with Finout’s MegaBill.

 

Using Finout’s Virtual Tag feature, you can appropriately combine and divide your cloud bill into as many parts as your organization needs, no matter how complex your architecture is and how accurate your tagging and labeling are.

Cost-Allocation

Finout’s platform enables any user to leverage the billing data, giving a near “real-time” reporting system that focuses on cloud cost compared to usage data, allowing spending to be shown back to the company teams.


Additionally, using Finout’s native Datadog integration, developers can monitor their spending alongside their usage inside the Datadog platform.

Data Analysis and Showback (1)

Unit Costs are direct revenues and costs associated with a particular business model. For example, a cost per feature or segment.


Using Finout’s platform, the possibilities to acquire accurate transparency of your total revenue are almost endless, with a customer creating Unit cost-per-customer, gross-margin-per-customer, and cost-per-feature all in one dashboard. An advanced FinOps can, for example, measure the cost of one revenue-producing activity, such as one transaction. Creating business-oriented unit costs is the golden path to increasing product profitability.

Measuring-Unit-Cost

Most organizations have cloud costs that need to be segmented and allocated into business departments; that’s the only way they’ll be able to make data-driven decisions. For example, the cost of running networking services or even the cost of one service resource from a cloud provider for which they didn’t tag or label.

 

That’s no longer an issue; using Finout’s MegaBill and Virtual Tag system, any company can manage their shared cost across multi-cloud providers and data centers without an issue.

Managing-Shared-cost

Finout provides the ability to accurately forecast spend using historical data with relevant KPIs defined by the teams. In other words, a company can know how much a specific feature or transaction would cost them in two years or understand the cost of a customer life-span.

forecasting_

Finout provides the ability to detect, identify, alert, and manage cloud cost events. This includes any unexpected or unforecasted event.

 

To do that, Finout uses a machine-learning algorithm tool that monitors peaks in the budget trends and unexpected changes; this is a crucial component in reducing cloud waste.

Managing-anomalies

Additional FinOps features

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Managing commitment based discounts

Cloud service providers often offer rate optimizations through spend-based and resource-based commitment discounts. Finout's platform helps you plan, manage, and maximize these discount structures with forecasting and reporting, enabling your company to achieve the best Effective Saving Rates (ESR) to meet your goals. 

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Establishing a FinOps culture

Using Finout is more than just the tools it provides. It’s about empowering your teams and company leaders to take accountability for the company spending using a user-friendly, self-service platform that gives all the answers without the heavy lifting. It’s about being secure in your development and product decisions due to clarity of spending past and future alike. Finout is about empowering a FinOps culture in the company. It’s about communication.
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Budget FinOps management

Finout equips your Finance team with tools for creating an accurate yearly budget, eliminating variances due to lack of clarity. They can design their own dashboards and automatically calculate estimated expenses for a specific period. By tracking actuals, forecasting remaining spending, and comparing them to budgeted amounts, your team can identify material variances and investigate their causes on a daily basis. 

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Workload management & automation

At the end of the day, cost reduction is all about optimizing cloud usage, and the only way you can constantly sustain it and make sure you only run resources when they are needed across a big infrastructure is using Finout’s MegaBill system, combining it with alerts and recommendations and you got the most effective tool in the market to constantly monitor and reduce your infrastructure cost.

Maximizing your cloud cost savings with FinOps services

  • AWS, GCP, K8s, Datadog, and Snowflake costs in one platform.
  • Onboard in minutes - No SDKs, No APIs, no agents. 
  • Customize dashboards, build reports and customize alerts. 
  • See your cost alongside your usage in Datadog.
  • Showback spending to your teams.

FAQ’s

Do you have any questions on what makes Finout the ultimate FinOps platform? The answer is probably here. 

 

 

Is Finout a certified FinOps platform?

Yes, Finout is a certified FinOps platform and an official partner of both the Linux and FinOps Foundation.

What defines Finout as A FinOps Platform?

Finout's platform supports all of FinOps's main domains and capabilities and is built from the ground up to support all the needs of a FinOps professional.

Which platforms are supported by Finout?

Finout is fully integrated with AWS, GCP, Snowflake, and Datadog. It fully supports Kubernetes, including GKE and EKS. 

Any other 3rd party, from CircleCI to Stripe, can be integrated using a custom CSV.

Does Finout save me money?

Yes, Finout reduces a company's spending in the short run using a combination of cost waste monitoring and recommendations tools, and in the long run, it manages cost per feature, event, and customer across the entire infrastructure.

Is there a free trial?

Finout offers one month of free POC for any user on any tier. Start now

How accurate is Finout's data?

Finout's data is 100% accurate.

Still have questions?

A Step by step guide contact our support