FinOps, or Cloud Financial Management, is primarily concerned with how companies get maximum value from cloud costs incurred. However, FinOps goes far beyond the pure cost issue, because it can be seen as an effective operating model for the cloud.
FinOps Consulting - Everything from a single source
We advise you both commercially and technically on how to gain transparency over your cloud costs and how to reduce them sustainably.
Blog post: FinOps - What is it?
In our blog, we give you all the basics on the subject of FinOps: What is FinOps? Why is it worthwhile? What are the challenges of using the cloud?
FinOps - Manage cloud costs optimally
Centralization
Centralize cloud services costs within a central organization in the enterprise
Rate optimization
Reduce the rates you pay for individual services, e.g. through discounts.
Simplification
Simplify your cloud cost management, through effective and efficient reporting
Consumption optimization
Adjust the consumption to the actual required power, this can happen among other things by right-sizing
Transparency
Understand what costs are involved, what services you get in return, and whether the cost-benefit ratio is right
Future orientation
As more and more workloads are moved to the cloud, FinOps helps you position your business for future developments
We can help you to realize the maximum return on cloud costs sustainably.
Our certified experts have many years of experience in deriving and implementing FinOps services in international corporations and medium-sized companies. We have the necessary certifications and experience to implement FinOps optimally for you.
Maturity
Together, we analyze the current maturity of your FinOps or cloud implementation. In doing so, we look at various areas to create a holistic picture.
Implementation
You are at the beginning of your "FinOps" journey and have not startet to apply the FinOps principles actively yet?
Consulting
Are you looking for targeted support for individual aspects or would you like advice on specific topics? We are happy to be there for you.
Managed Service
Our FinOps Managed Service covers all aspects of FinOps principles. We can fully support you in cloud cost optimization.
We optimize the costs for these cloud providers:
We are completely independent of the various cloud service providers.
TIMETOACT has been represented on the market for years in the area of software asset management (license management). In addition to the commercial knowledge, we as TIMETOACT GROUP had specialists who are specialized in the individual cloud manufacturers in the technical area. These include Microsoft Azure, the Google Cloud and Amazon Webservices.
Commercial and technical consulting
The TIMETOACT FinOps team combines competences in both areas, which enables us to be active for our customers both commercially and as technical consultants and to achieve the optimal result. Due to the complexity and the large scope of the topic, this interaction is the prerequisite to be able to offer the topic FinOps holistically.
With us, you get everything from a single source: This set-up distinguishes us from our competitors, who are often either too focused on the technical side (IT infrastructure, IT administration) or the commercial side (IT license management, IT controlling).
Procedure for FinOps:
Step 1: Kickoff & project start
Data acquisition as well as creation of understanding of the IT infrastructure and other framework parameters.
Step 2: ACTUAL state
Analysis, evaluation and assessment of the recorded data. Derivation of an actual state reporting.
Step 3: TARGET analysis
Use best practices and standardized procedures to define and derive a possible target state.
Step 4: GAP analysis
Identification of deviations between actual state and target state as well as definition of remediation measures.
Step 5: Reporting
Preparation of a comprehensive report based on the evaluations for management decision-making. Definition of the further procedure.
Get in touch with us here!
We would be happy to advise you in a non-binding conversation about the potential and our services around FinOps. Just leave your contact details and we will get back to you as soon as possible.
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5/28/24
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