Cloud Financial
Management for the Humans
Which picture best describes your emotions when your AWS Bill shows up?
Everybody has Lots of Questions
What problem is FinOps Center Solving and what does it do?
The adoption of AWS has fundamentally altered the IT financial management, expense distribution, and fiscal responsibility practices for customers. As they continue to develop their partnership with AWS, clients need to rationalize their credits and discounts to the appropriate product group or line of business. While cost optimization remains a priority for numerous Cloud Centers of Excellence (CCoEs), achieving a balance between expenditure and budget, and maintaining spend accountability, extends beyond mere cost optimization.
We call this the FinOps 2 Speed Problem
FinOps Center is a purpose-built process application that enables the business and engineering constituents in customers’ CCoE to understand and act to control their cloud cost. This frees up specialists to concentrate on optimization.
FinOps 2 Speed Problem
Business / Finance / Product Leaders
Mode 1:
Spend/Bill Approval Processing
80% in soft saving opportunity
- Skepticism of value due to lack of centralized source of truth
- Cost of time on task (budget scheduling, spend approval & data transformation to core financial application) compared to “onprem” control systems
Mode 2:
Cost Optimization
30% in hard saving opportunity
- Over provisioning, idle resources
- Maximizing buying option
Bringing things together
AWS programs
AWS Migration Hub MAP Funding
Buying Agreement
Cost and Usage
Governance Services
AWS Control Tower
AWS Organizations
AWS Budget / Actions
Financial System
Oracle
Workday
Oracle NetSuite
IBM
Quickbooks
SAP Ariba
ServiceNow
Role/Scope Based Business Intelligence
Amazon
QuickSight
Key Cloud Financial Management Processes
What FinOps Center Does
Business User Friendly UI outside of Console
Core Financial Chart of Account Integration
Integrated with Identity Providers for Personalized Role-Based Experience / Responsibility
Integrated with Cost & Usage (s)
Credit Management to Products
Reporting & BI Connectivity CUDOS/CID
AP & FP&A File Integration
Integrated with AWS Organization (s) for Account Vending / Multi-Account Strategy
Serverless Private Cloud Deployment
Product Level Budgeting Workflow
Spend Card for Weekly Responsibility & Invoice Approvals
Spend Spaces for Calculator Collaboration for Baseline Spend
Future AWS Program Management EDP/MAP
Tagging vs Multi-Account Strategy
How it Works
AWS Marketplace
AMI
EC2
Role
S3
FinOps Center
CloudFormation
Customer Master Payer
Account Management API
Platform API
S3
Cost & Usage Report
Route 53
Cloud Operations (Designated Admin)
Cognito
CloudFront
Cetificate Manager
Virtual private cloud (VPC) Security Group
EndPoints
Amazon QuickSight
Amazon Athena
AppSync
DynamoDB
AWS Step Functions
S3
React
NodeJS
SNS
Lambda
Unanimous Embedding
Plans
FinOps Center “FinOps In-a-Box” Hourly
Free trial
$.99/hr *
- Full Features
- 10 Accounts
FinOps Center “FinOps In-a-Box”
Year 1 $12,500 *
- Full Features
- 25 Accounts