Operations | Monitoring | ITSM | DevOps | Cloud

By now FinOps has proven its value — so much so that the web is full of helpful in-depth guides, broad overviews, bite-sized articles, and resource lists on the subject. But if you're preparing to pitch a FinOps program at your company, you need to convey only the most important points in a way that's both impactful and succinct. That's when it's time to call in the visuals.

One of the first considerations for FinOps teams trying to lower their public cloud spend is investing in long-term savings vehicles available from their Cloud Service Provider. These programs can provide customers with upwards of 72% savings off on-demand prices, in return for a 1-to-3-year usage commitment, so it’s pretty common that we see them in use by our customers.

It’s never been a better time to be a Managed Service Provider (MSP). Why? Small and medium businesses (SMBs) use cloud-based services for their operations. Eighty-eight percent say they currently use an MSP or are considering one. But many obstacles remain even if SMBs are in high demand for MSPs. They need to keep their profits and revenue growing, focusing on cloud unit economics, customer pricing strategies, and efficient operations.

This week Lightrun attended the annual FinOps X event. The event was sold out and packed with great speakers, practitioners, and amazing atmosphere. Compared to last year which had over 300 attendees, this year the event brought over 1200! Above is a screenshot taken from the venue entrance reminding the audience with the core principles of FinOps.

Cloud tools are becoming indispensable for modern-day FinOps. They can improve efficiency and agility and deliver better client results. But what native cloud tools are right for you, and how can they benefit FinOps? Let’s find out. When managing financial operations in your organization, using native cloud tools is a must. Let’s take a closer look at some key advantages.

June 7, 2023 It’s no secret that Kubernetes is one of the fastest-growing technologies in use today for deploying and operating applications of all types in the cloud. It’s also no secret that Kubernetes’ popularity is a significant contributor to fast-growing cloud bills. FinOps teams are constantly looking for ways to lower their cloud spend, in cooperation with the DevOps, Engineering and App owner teams that control this infrastructure.

Missed our latest webinar on FinOps for MSPs? We’ve got you covered! This blog post will cover what the FinOps experts discussed and the main things to remember. FinOps are revolutionizing MSP operations by adding a data-driven approach to cost management. This method helps MSPs optimize their cloud usage, provide white-glove support to customers, and give visibility on their expenses.

Few areas of business have faced more pressure over the last three years than finance and supply chain teams. Yet most are stuck managing this upheaval with manual activities and processes that haven’t changed much since the last enterprise resource planning (ERP) implementation. The systems and tools these departments traditionally rely on lack the agility needed to excel in today’s business reality. That’s why we’re introducing ServiceNow Finance and Supply Chain Workflows.

Every time your company onboards a new client or releases a new product, your cloud bill will grow. In fact, it doesn’t take a large event at all to see a spike. Whenever your company changes direction even slightly, it can affect the bottom line. Add to that factors such as economic inflation and increased demand for high-speed, high-power cloud services, and it may seem like each month’s cloud bill is higher than it was before. If that’s the case for you, you’re not alone.

Cloud FinOps is rapidly becoming popular among organizations in today’s digital age due to its ability to help manage financial operations more efficiently. This is because it allows organizations to track, measure, and optimize their cloud spend with greater visibility. It also helps improve operational efficiency by automating numerous financial processes, including billing, budgeting, auditing, and reporting.