Combining finances with operations, FinOps is a framework for managing operational expenses and maintaining financial accountability in the cloud.
More than anything, FinOps is the recognition and acceptance that traditional infrastructure management is simply not effective when working within the cloud. FinOps brings together business, finance and technology to optimise cloud-vendor management.
FinOps is as much a cultural practice as a financial one; it establishes best practices for cloud usage and then relies on everyone involved to take personal ownership. Instead of individual, separate procurement teams working in silos to identify and approve costs, FinOps unites cross-functional teams of business, finance and technology to better manage cloud vendors, rates and discounting in a cloud environment.
When coupled with reliable real-time data, this provides increased financial and operational control.
Automate the end-to-end lifecycle for software licences, hardware assets and cloud—on one platform.