With Finout, gain control over your usage-based spending within minutes. Effortlessly manage and minimize waste across your entire cloud, while seamlessly integrating FinOps into your company, all without the need for coding or an agent. Explore how Finout addresses all FinOps domains below.
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.
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“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.
“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
"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!
“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.
“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.
“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.
“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.
“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
"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!
“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.
“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.
“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.
We imagined what the perfect FinOps solution should look like - and that is exactly what Finout is.
Finout's solution for cost allocation in dynamic Kubernetes environments has been an invaluable asset to our operations
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.
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.
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.
Our investment in Finout paid off quickly- we covered its cost within days and achieved a 150% ROI within the first week!
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.
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.
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.
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.
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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.
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.
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.
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.
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.
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.
Finout is an enterprise-grade FinOps solution that helps companies easily allocate, manage and reduce their cloud spending across their entire infrastructure.
