Compare the Top FinOps Tools using the curated list below to find the Best FinOps Tools for your needs.
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Whether you already have a platform team or are just at the beginning of your internal platform development, Cycloid is designed to complete your internal solution with high-quality building blocks focused on specific DevOps and hybrid cloud best practices. Self-service portal, cloud governance, RBAC, CI/CD pipelines, built-in FinOps, and GreenOps are all modules that you can pick and choose to complement your internal solution or begin your digital transformation. Like a piece of a puzzle, Git-based and lock-free Cycloid can fit into your organizational strategy and solve the burning issues at hand. We can be a pillar for your organizational transformation by empowering and upskilling your existing teams, as well as improving DevX, the developer experience. How? We offer an engineering platform dedicated to DevOps and hybrid cloud adoption, allowing you to optimize how DevOps and end-users use technologies and clouds while working in alignment on common projects.
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Datadog is the cloud-age monitoring, security, and analytics platform for developers, IT operation teams, security engineers, and business users. Our SaaS platform integrates monitoring of infrastructure, application performance monitoring, and log management to provide unified and real-time monitoring of all our customers' technology stacks. Datadog is used by companies of all sizes and in many industries to enable digital transformation, cloud migration, collaboration among development, operations and security teams, accelerate time-to-market for applications, reduce the time it takes to solve problems, secure applications and infrastructure and understand user behavior to track key business metrics.
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Usage AI
Usage AI
$0Usage AI helps companies save 57% on their AWS spend in less than 5 minutes. -
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Centilytics
Centilytics
Centilytics, an Intelligent cloud management platform, serves as a governance, security & optimization tool to save unnecessary cloud spend with 360-degree visibility. It pinpoints loopholes in the cloud infrastructure to put the resources into optimum utilization and check the entire infrastructure for threats and malicious attacks. -
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Kubecost
Kubecost
$199 per monthKubecost offers immediate visibility and insights into costs for teams utilizing Kubernetes, enabling ongoing reductions in cloud expenses. You can analyze costs associated with various Kubernetes elements, such as deployments, services, and namespace labels. Monitor expenses from multiple clusters in one consolidated view or through a unified API endpoint. Additionally, link Kubernetes expenditures with any external cloud services or infrastructure costs to gain a holistic understanding of your spending. Costs from external sources can be allocated to specific Kubernetes components, providing a thorough overview of financial outlays. Receive actionable suggestions for cost savings that do not compromise performance, allowing you to refine infrastructure or application modifications for enhanced resource efficiency and reliability. With real-time alerts, you can swiftly identify potential cost overruns and risks of infrastructure failures before they escalate into larger issues. Maintain seamless engineering workflows by integrating Kubecost with collaboration tools like PagerDuty and Slack, ensuring that your teams stay informed and responsive. Ultimately, this comprehensive approach empowers organizations to optimize their Kubernetes spending effectively. -
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Granulate
Granulate
$0.0045 per core per hourOptimize your workloads for improved performance, lower costs and reduced response times - with no code changes needed Granulate will boost your app’s performance by adapting OS resource management to your individual workloads. Whether you’re using on-prem, hybrid or cloud, Granulate’s real-time and continuous optimization solutions will provide impactful results. Granulate is able to achieve autonomous, continuous workload optimization by following these 3 steps: LEARNING - Installed via Daemonset, Dockerfile or CLI, the agent passively learns your service’s data flows, processing patterns and resources contentions. OPTIMIZING - Once activated, the agent will immediately begin tailoring resource scheduling decisions to your service, resolving inefficiencies and increasing performance. REDUCING COSTS - Your workload’s performance gains are automatically leveraged to reduce cluster size and save on Azure compute costs. Granulate is simple to deploy and offers a “set it and forget it” user experience. With Granulate you get results effortlessly with no R&D efforts involved. -
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Sedai
Sedai
$10 per monthSedai intelligently finds resources, analyzes traffic patterns and learns metric performance. This allows you to manage your production environments continuously without any manual thresholds or human intervention. Sedai's Discovery engine uses an agentless approach to automatically identify everything in your production environments. It intelligently prioritizes your monitoring information. All your cloud accounts are on the same platform. All of your cloud resources can be viewed in one place. Connect your APM tools. Sedai will identify and select the most important metrics. Machine learning intelligently sets thresholds. Sedai is able to see all the changes in your environment. You can view updates and changes and control how the platform manages resources. Sedai's Decision engine makes use of ML to analyze and comprehend data at large scale to simplify the chaos. -
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Finout
Finout
$500 per monthFinout streamlines the billing from Cloud Providers, Data Warehouses, and CDNs into a comprehensive single invoice, providing an exceptional overview of your cloud expenses without the need for extensive setup. You can easily track irregularities, access tailored suggestions, and anticipate costs as your business expands. Unlike AWS, which bills based on instances, Finout allows you to focus on the actual costs associated with your pods. By integrating seamlessly without agents, you can leverage your current Datadog or Prometheus setups to gain detailed insights into pod-level spending quickly. Move beyond simply understanding total cloud expenses; instead, focus on the costs tied to your actual usage rather than just payments made. For instance, instead of analyzing EC2 instances and DynamoDB indexes, you can directly observe Kubernetes pods. Moreover, Finout fosters a shared vocabulary across your organization, benefiting not just the DevOps team but the entire company as well. This unified approach enhances collaboration and understanding across departments, leading to more informed financial decisions. -
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Vantage
Vantage
$30 per monthCost Reports offer user-friendly dashboards that enable sophisticated reporting and filtering of accrued expenses. You can apply filters to observe daily cost patterns by service, business unit, tag, or account. Additionally, you can link intricate logic to meet any reporting requirement. The forecasts come with confidence intervals that update daily in response to your changing infrastructure, allowing you to gauge future costs effectively. Notifications regarding costs and trends can be sent to you via Slack, Teams, or email on a daily, weekly, or monthly schedule. You will also receive alerts for any cost anomalies detected. Autopilot assesses your EC2 workloads and procures three-year, no-upfront reserved instances to help you cut costs. You have the ability to specify which compute categories or regions Autopilot oversees. Furthermore, managing commitments and infrastructure adjustments becomes a seamless process, ensuring you stay on track with your budgetary goals. This way, you maintain full control over your cost management strategy while optimizing resource usage. -
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Sparx
Sparx
FreeDiscover savings of up to 60% with the Sparx intelligence platform, which enhances your FinOps strategy by providing unparalleled transparency and facilitating smart business decisions. Users of Sparx experience substantial reductions in their ongoing expenses, enjoying a savings rate of up to 60% on recurring costs. Gain continuous insight into your SaaS, cloud, and insurance activities, ensuring you are always aware of your financial landscape. By leveraging Sparx’s capabilities, you can mitigate business risks and access discounted insurance options from over 150 leading carriers. With an all-encompassing view of your operational stack, you can make more informed choices regarding renewals and new acquisitions. Start your journey by onboarding your account to visualize your potential savings in real-time. The platform specifically addresses recurring costs that often contribute to financial waste. Within just three minutes, you can monitor SaaS usage on both employee and application levels, detect shadow IT, and minimize software sprawl. Tailored for teams utilizing Google Workspace, Microsoft Azure, or Okta SSO, Sparx’s AI engine automatically negotiates instances on your behalf to enhance your AWS expenditure. This means you will never pay for unused services, eliminating the need for complex contracts or engineering efforts, all while streamlining your financial operations effectively. Embrace a more efficient approach to managing expenses and maximizing your budget with Sparx. -
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Economize
Economize
$99 per monthImagine having a dedicated assistant at your fingertips, ready to help you craft stunning cost reports while linking your expenditures to key business performance indicators. This companion will dive deep into your resource usage, enabling you to make educated decisions regarding resource distribution and financial oversight. You’ll receive personalized advice aimed at ensuring you extract the maximum value from every dollar spent. Additionally, it will alert you to possible savings or any unusual spending patterns, empowering you to intervene before expenses escalate uncontrollably. Think of it as your personal cost-saving advisor, delivering customized strategies for refining your cloud expenditures. Uncover the overlooked optimization opportunities that typical cloud providers may miss and expertly reduce your cloud costs. You’ll also benefit from a comprehensive overview of your projected savings for each suggestion, providing you with a transparent view of how these changes can positively affect your financial health. Ultimately, this sidekick is your ally in navigating and mastering the complexities of cost management. -
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Fortified WISdom
Fortified
$850 per yearWISdom connects database, financial, and technical teams, fostering a robust environment, enhancing code efficiency, and lowering data expenses, all through a single cohesive platform. It allows users to view their entire data landscape from one centralized location, integrating code and revealing potential performance enhancements. By providing insights into server health, WISdom enhances visibility within the environment while offering contextual recommendations. Enterprise dashboards highlight the most pressing issues and opportunities for immediate attention. Given that a significant portion of a DBA's time—approximately 90%—is devoted to proactively detecting and resolving problems as well as optimizing systems, WISdom was specifically designed with workload optimization in mind. Focusing on this area, WISdom empowers users to scrutinize code and pinpoint statements that incur the highest costs. Additionally, WISdom enhances monitoring and alerting capabilities for SQL Server ecosystems by leveraging machine learning to reduce false positives and concentrate on critical concerns, ultimately streamlining the management process. As a result, teams can improve their operational efficiency while effectively addressing the most impactful issues. -
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nOps
nOps.io
$99 per monthFinOps on nOps We only charge for what we save. Most organizations don’t have the resources to focus on reducing cloud spend. nOps is your ML-powered FinOps team. nOps reduces cloud waste, helps you run workloads on spot instances, automatically manages reservations, and helps optimize your containers. Everything is automated and data-driven. -
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CloudCheckr
Spot by NetApp
CloudCheckr unites IT, security, and finance teams around cloud. It provides total visibility, deep insights, cloud automation, and governance. CloudCheckr is a cloud management tool that helps businesses manage their cloud environments and protect their cost. AWS Advanced Technology Partner with Security and Government competencies and a certified Silver Partner for Azure, we can support multi- and hybrid-cloud strategies. -
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VMware Tanzu CloudHealth
VMware
Tanzu CloudHealth, which was previously known as VMware Aria Cost Powered by CloudHealth, enhances financial oversight, optimizes operations, and fosters better collaboration within your multi-cloud ecosystem. Gain insight into an extensive array of data essential for overseeing your multi-cloud setup, allowing you to examine your infrastructure by dynamic business units and utilize personalized reporting features. Boost your resource efficiency and achieve significant cost reductions through customized suggestions. Ensure continuous improvement by implementing governance strategies and automated responses that facilitate changes in your cloud framework. With over $24 billion in annual cloud expenditures managed, Tanzu CloudHealth caters to more than 22,000 organizations globally. Additionally, elevate your cloud knowledge using a reliable framework designed to help you advance through various stages of cloud management maturity. -
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Densify
Densify
Densify offers a cutting-edge Cloud and Container Resource Management Platform that utilizes machine learning to enable cloud and container workloads to accurately assess their resource needs, fully automating the management of these resources. With Densify, CloudOps teams can ensure that applications consistently receive the optimal resources necessary while minimizing expenses. There’s no need for software installations, complicated implementations, or extensive training—just results. Recognized as a top-tier solution with a rating of “9.5/10, spectacular” by ZDnet, Densify underscores that effective optimization relies on highly precise analytics that stakeholders can trust and act upon. It fosters collaboration and transparency among Finance, Engineering, Operations, and application owners, promoting ongoing cost optimization efforts. Moreover, it seamlessly integrates with your existing ecosystem to support the processes and systems essential for confident optimization strategies, creating a comprehensive framework for resource management. -
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Harness
Harness
Each module can be used independently or together to create a powerful unified pipeline that spans CI, CD and Feature Flags. Every Harness module is powered by AI/ML. {Our algorithms verify deployments, identify test optimization opportunities, make cloud cost optimization recommendations, restore state on rollback, assist with complex deployment patterns, detect cloud cost anomalies, and trigger a bunch of other activities.|Our algorithms are responsible for verifying deployments, identifying test optimization opportunities, making cloud cost optimization recommendations and restoring state on rollback. They also assist with complex deployment patterns, detecting cloud cost anomalies, as well as triggering a variety of other activities.} It is not fun to sit and stare at dashboards and logs after a deployment. Let us do all the boring work. {Harness analyzes the logs, metrics, and traces from your observability solution and automatically determines the health of every deployment.|Harness analyzes logs, metrics, traces, and other data from your observability system and determines the health and condition of each deployment.} {When a bad deployment is detected, Harness can automatically rollback to the last good version.|Ha -
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DoiT
DoiT
$0DoiT is a global technology company that delivers a comprehensive cloud operations platform designed to optimize performance, scalability, and cost efficiency. Powered by proactive, industry-leading expertise, DoiT Cloud Intelligence is the only context-aware multicloud platform that turns insights into action. With deep specializations in Kubernetes, GenAI, CloudOps, and FinOps, we partner with AWS, Google Cloud, and Microsoft Azure to help over 4,000 businesses worldwide enhance cloud performance, reliability, and security. Whether managing complex multicloud environments or driving innovation, DoiT provides the intelligence and human expertise needed to maximize your cloud investment. -
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Cloud Cost Pro
gathr
FreeIntroducing Cloud Cost Pro, a premier solution for optimizing cloud expenditures and managing FinOps effectively. With Cloud Cost Pro, you obtain a comprehensive perspective of your multi-cloud landscape, enriched with practical insights, machine learning-driven suggestions, and automated processes to enhance your cloud operations. Propel improvements throughout your organization, refine your budgeting strategies, and uphold compliance with best practices for security and resilience. The tool automates the evaluation of best practices and responds to budget discrepancies and irregularities. Benefit from machine learning-enhanced cost predictions, anomaly identification, and tailored optimization guidance. Achieve thorough, detailed visibility into your cloud assets, ensuring that every dollar spent is justified. Effortlessly monitor multi-cloud expenses across various teams and departments, receiving nearly real-time insights to fine-tune cloud costs. With the capability for machine learning-driven anomaly detection, you can promptly deactivate any unapproved, expensive resources before costs escalate significantly. This proactive approach not only safeguards your budget but also fosters a culture of financial accountability within your organization. -
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Cloud Custodian
Cloud Custodian
FreeCloud Custodian empowers users to oversee their cloud assets through a system of filtering, tagging, and executing various actions. Utilizing a YAML domain-specific language, it allows for the creation of rules that help maintain a cloud infrastructure which is not only secure but also optimized for cost efficiency. By streamlining the process, it replaces complex cloud-specific scripts with more straightforward syntax, ensuring that policies are effectively applied across your infrastructure. The tool is compatible with major public cloud platforms such as AWS, Azure, and GCP, with additional support for Kubernetes, Tencent Cloud, and OpenStack currently in beta. It actively enforces security measures by seamlessly integrating with the control plane of cloud providers, enabling real-time remediation of issues. In addition, it features comprehensive metrics and reporting capabilities. Users can schedule resources to be turned off during non-peak hours to minimize expenses, while also identifying and removing unused assets by analyzing utilization metrics. Tagging capabilities allow for easy management of underused resources. Furthermore, Cloud Custodian can be executed in various environments, whether locally, on an instance, or in a serverless format through AWS Lambda, providing flexibility in deployment options. This versatility makes it a vital tool for efficient cloud resource management. -
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Turn it Off
Turn it Off
Turn it Off, a low-barrier FinOps platform with a light touch, is designed to help you reduce cloud costs and CO2 emissions instantly. With Turn it Off, you can easily turn off any non-production cloud environment and resources when not in use. Some of its main features include: - Intelligent latency-detection: automatically turn off non-production environments, and resources that are not in use. This reduces the need for manual intervention. - Empowering business users: We put control in the non-technical user's hands, making cloud management simple for everyone - not just IT professionals. - Dashboards in Real-Time: Our live dashboards provide full transparency on cloud costs and carbon saving, supporting your sustainability goals. Turn it Off is cloud-agnostic: Whether you're using AWS Azure or GCP, the integration works seamlessly with all providers. You can also group your applications to reduce overhead. -
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Flexera One
Flexera
Software as a Service (SaaS) is emerging as one of the most rapidly expanding segments within cloud computing, with some analyses suggesting it could surpass platform and infrastructure services in growth. According to Gartner, SaaS technologies are projected to achieve revenues of $85 billion by the conclusion of 2019, reflecting a substantial 17.8 percent increase compared to earlier years, and representing a significant share of the anticipated public cloud revenues, which are expected to hit $278 billion by 2021. However, even with this surge in SaaS adoption, many IT departments in enterprises remain unaware of the SaaS applications operating within their systems or how they are being used. Therefore, it’s crucial for organizations to gain insight into their SaaS usage. Flexera has a track record of helping clients save hundreds of millions through our software spend optimization services, and we are now extending that proficiency to address the increasing demand in the SaaS domain. By understanding and managing SaaS applications effectively, businesses can not only reduce costs but also enhance their operational efficiency. -
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Certero for Cloud
Certero
Certero for Cloud provides FinOps teams with the information and control they require to centrally manage multiple Cloud environments across the enterprise. Streamline Cloud tagging to improve accountability, cost management, and optimization of Cloud business assets. You can easily view and report on Cloud governance and hygiene. Certero for Cloud is part of the Certero unified platform. It was purposely built to enable holistic IT Management from desktop to datacenter to SaaS & Cloud. All this on one, efficient management platform. Certero also offers Certero as a SaaS and on-premise ITAMs, SAM, Mobile asset Management solutions. All these are combined on Certero platform for ease of use & central data source for reporting. Certero is fully ISO27001 Certified for Information Management Security. -
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CloudZero
CloudZero
The CloudZero Platform stands out as the sole cloud cost management solution that integrates real-time engineering activity with cost data, allowing users to grasp the financial implications of their engineering choices. Unlike most cloud cost tools that merely report past expenditures, CloudZero is tailored to help users discern the changes in costs and the reasons behind them. Identifying cost spikes can be challenging when merely analyzing overall spending. To address this, CloudZero employs machine learning to pinpoint spikes within specific AWS accounts or services, enabling proactive remediation and future planning. Designed with engineers in mind, CloudZero provides the capability to scrutinize every individual line item, empowering users to address any inquiry, whether it arises from an anomaly alert or a financial request. This level of detail ensures that teams can maintain a thorough understanding of their cloud expenditures. -
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Kumoco Cloud Manager
Kumoco
Learn more about the capabilities of your cloud estate. Our dashboard view allows you to control your cloud estate from any device. To reduce your cloud spend up to 80%, you can use spot instances at a lower price and utilisation recommendations. Cloud Manager offers 24/7 automated monitoring to keep your data secure and your estate in compliance. Fully automated workflows provide cost recommendations and flag issues to ensure you can quickly take action and reduce costs. Analyze cloud costs and allocate and recharge them to customers and other business units. Our advanced automation services and dashboard make cloud management easier for you. We provide structure and process to help team members understand why their work is important. Additionally, we provide trend and dashboard to show business and delivery teams the value they add. -
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CloudWize
CloudWize
CloudWize empowers cloud teams to restore oversight and authority in their dynamic cloud ecosystems, fostering a streamlined and trouble-free cloud infrastructure. By enabling swift troubleshooting, teams can avert recurring issues, identify deviations from established best practices, optimize expenses related to cloud services, and ensure compliance with all security protocols. Receive timely notifications regarding changes that could heavily impact costs, allowing for proactive budget management and preventing overruns. Equip your FinOps team with tools to efficiently identify and investigate misconfigurations that affect financial performance, thereby eliminating persistent cloud setup mistakes. Consistently apply insights from CloudOps and FinOps to enhance operational efficiency. Leverage our sophisticated multi-service querying features to dissect your architecture, and employ our intuitive graphic language to uncover potential cost reductions, refine configurations, or identify policy violations, all aimed at minimizing risks of downtime or exposure, ultimately enhancing overall cloud management. By integrating these capabilities, teams can achieve a higher level of operational excellence in their cloud endeavors. -
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Microsoft Cost Management
Microsoft
Utilize the features available within your Azure subscription to maximize the benefits of cloud computing while establishing robust financial governance in your organization. Monitor resource consumption and control expenses across all cloud platforms through an integrated perspective, gaining access to in-depth operational and financial data that facilitates informed decision-making. Enforce governance protocols to ensure efficient management of enterprise cloud expenses, enhancing accountability through budgeting, cost distribution, and chargeback mechanisms. Boost the return on your cloud investments by continuously optimizing costs and leveraging industry best practices. Seamlessly oversee expenses from both Azure and AWS from a centralized interface, enabling you to derive insights from data across both environments that streamline your cost management workflows. By doing so, you can create a more efficient and accountable cloud financial strategy that supports your organization's goals. -
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FinOps
Bespin Global
Allow us to assist you in tackling your cloud cost management challenges, ensuring that financial aspects of cloud operations are as swift and efficient as IT processes. Similar to how DevOps transformed software development by eliminating barriers and enhancing responsiveness, FinOps elevates the value derived from cloud services by uniting technology, business, and finance experts under a cohesive framework of innovative processes. FinOps acts as a collaborative platform, integrating multiple teams such as finance, procurement, IT operations, developers, and DevOps engineers, creating a synergistic approach to IT cost management. There is a pressing need for a reliable third-party cloud cost management solution that is independent of cloud service providers, capable of automating intricate tasks that would otherwise be overwhelming. FinOps serves as a foundational tool that embodies the principles and methodologies of effective cloud cost management. The ideal outcome of implementing FinOps is the transition to a microservices architecture (MSA) using container technologies alongside DevOps practices, which can lead to significant cost reductions. For further insights, we invite you to explore our offerings in DevOps products, which can enhance your operational efficiency even more. -
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CloudKeeper
CloudKeeper
Experience immediate and guaranteed savings of up to 25% on your cloud expenses with our specialized offerings. We provide an extensive range of FinOps and cloud cost optimization services designed to cater to the diverse requirements of various customer segments. CloudKeeper differentiates itself in a crowded FinOps market through its proficiency in automatic RI management, a robust cost analytics platform, and comprehensive managed services alongside reseller options. Furthermore, ISG Research highlights CloudKeeper's established capabilities and scalability in delivering FinOps solutions that integrate both platform and cost optimization services. By partnering with us, you tap into the expertise of over 100 experienced Cloud FinOps professionals, all committed to guiding you in implementing optimal FinOps practices effectively. Our team's dedication ensures that you maximize your cloud investment while minimizing unnecessary expenses. -
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Ternary
Ternary
Ternary stands out as the first native FinOps tool designed specifically for optimizing cloud costs within Google Cloud. It empowers users to make informed financial choices, ensuring a culture of accountability, collaboration, and trust between finance and engineering departments. FinOps serves as a framework for overseeing the fluctuating expenses associated with cloud services, incorporating a blend of systems, best practices, and cultural shifts that maximize the value derived from every dollar allocated to the cloud. Ternary is equipped to assist organizations at any phase of their FinOps journey, developing tools that bridge the gap between finance and engineering through features rooted in FinOps principles. This innovative platform provides essential visibility and context, fostering collaboration between teams, while its workflows are designed to promote accountability. By enabling organizations to easily monitor, prioritize, and track cost optimizations to completion, Ternary enhances overall financial management efficiency across the board. As businesses increasingly rely on cloud solutions, Ternary’s role in facilitating effective financial practices becomes ever more critical. -
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Virtasant
Virtasant
Virtasant unites cutting-edge technology, extensive cloud knowledge, and a diverse team of cloud specialists from around the world. Our goal is to demonstrate your potential savings, providing tailored advice on how to cut your cloud expenses. Since the public cloud's emergence in 2006, we have combined unique technology with in-depth expertise, supported by one of the largest networks of cloud professionals globally. By utilizing our proprietary automation platform, we empower you to maximize the benefits of the cloud while minimizing costs. On average, organizations that collaborate with us see reductions of over 50% in their cloud expenditures. Our team of cloud experts has crafted innovative solutions for managing cloud costs for more than ten years, going beyond mere tools. We seamlessly connect with a variety of data sources, such as platform-standard metrics, third-party monitoring applications, and customized data inputs. Through re-architecture, consolidation, and simplification, we help you uncover ways to enhance scalability and further decrease your spending. With our extensive experience, we are committed to guiding you toward a more efficient cloud strategy. -
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FinOpsly
FinOpsly
At FinOpsly, our dedication lies in providing secure, effective, and transparent financial operations solutions. We promote a culture of transparency and shared responsibility to enhance the efficiency of cloud cost management. By forecasting your cloud expenditures and monitoring them against your allocated budget, you can take a proactive approach to managing and optimizing your multi-cloud setups. In addition to fostering transparency, we emphasize shared accountability for cloud cost optimization, enabling complete ownership with smooth user onboarding and access governance. Our robust policy administration includes managing shared resources, precise chargebacks, and collaborative cost management strategies. You no longer need to decipher complex cloud terminology; simply pose your queries in everyday language and receive detailed, actionable insights tailored to your specific requirements. Additionally, our platform allows you to discover inefficiencies and identify significant optimization opportunities by adjusting resources based on data-driven analysis. Creating tickets is a breeze with our one-click integration with platforms like Jira and ServiceNow, ensuring that actions are driven swiftly and efficiently. By streamlining these processes, we aim to enhance your overall cloud financial management experience. -
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Pelanor
Pelanor
Pelanor is an innovative FinOps platform that leverages AI to cater to the needs of contemporary cloud environments, ensuring seamless integration across various cloud systems to illuminate organizational cloud expenditures. By providing contextual cost insights, it equips engineering, finance, and business leaders with the necessary tools to make well-informed choices. The platform identifies actionable opportunities by addressing major cost drivers and promptly resolving cost-related incidents before they worsen. Pelanor enhances understanding of how cloud spending correlates with business metrics, granting a holistic view of the factors influencing expenses and ways to optimize them. Its sophisticated cost allocation features promote accountability throughout the organization, allowing for accurate chargebacks. Furthermore, Pelanor's autonomous AI-driven approach simplifies cloud spending management and facilitates informed decision-making for leaders. The platform ensures comprehensive visibility into costs at intricate levels, such as individual queries or job executions, while offering tailored anomaly detection systems and detailed alerts. This level of granularity not only aids in precise financial planning but also helps organizations to proactively manage their cloud resources effectively. -
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Tangoe
Tangoe
Tangoe One, an advanced platform fueled by artificial intelligence, is designed to facilitate the management and optimization of IT expenditures across telecommunications, mobile, and cloud services. By offering a comprehensive view of technology-related costs and an in-depth analysis of service utilization, Tangoe One empowers businesses to reduce expenses, enhance operational efficiencies, and maintain financial stability. The platform enables efficient financial oversight by integrating with a vast network of global carriers and various business system applications. Users can effectively monitor fluctuations in costs and usage, make informed forecasts, and gain crucial insights into spending trends, allowing for confident adjustments to programs. Additionally, it provides essential data to business line managers, enhancing their ability to oversee total expenditures and fostering improved transparency and accountability throughout the organization. Ultimately, Tangoe One not only simplifies financial management but also equips businesses to adapt swiftly to changing needs and optimize their resource allocation. -
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CloudBolt
CloudBolt Software
CloudBolt, the most popular cloud management platform for enterprises, is available. CloudBolt is easy to deploy and allows IT to unify orchestration and automate provisioning their hybrid cloud resources quickly, cost-effectively and securely. It also provides developers with anywhere, any time access to these resources through a self service catalog. -
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Unravel
Unravel Data
Unravel empowers data functionality across various environments, whether it’s Azure, AWS, GCP, or your own data center, by enhancing performance, automating issue resolution, and managing expenses effectively. It enables users to oversee, control, and optimize their data pipelines both in the cloud and on-site, facilitating a more consistent performance in the applications that drive business success. With Unravel, you gain a holistic perspective of your complete data ecosystem. The platform aggregates performance metrics from all systems, applications, and platforms across any cloud, employing agentless solutions and machine learning to thoroughly model your data flows from start to finish. This allows for an in-depth exploration, correlation, and analysis of every component within your contemporary data and cloud infrastructure. Unravel's intelligent data model uncovers interdependencies, identifies challenges, and highlights potential improvements, providing insight into how applications and resources are utilized, as well as distinguishing between effective and ineffective elements. Instead of merely tracking performance, you can swiftly identify problems and implement solutions. Utilize AI-enhanced suggestions to automate enhancements, reduce expenses, and strategically prepare for future needs. Ultimately, Unravel not only optimizes your data management strategies but also supports a proactive approach to data-driven decision-making. -
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IBM Cloudability
IBM
IBM Targetprocess, previously known as Apptio Cloudability, allows organizations to set team budgets while effectively forecasting and monitoring cloud expenditures. It provides a means to link cloud spending with business value, thereby facilitating informed decisions regarding cloud investments. By keeping a close watch on costs, users can address anomalies and identify rightsizing opportunities based on team, service, or project metrics. All expenses, including those associated with containers and support, can be accurately allocated to ensure that the full cost of cloud services is charged back to the business. The platform's rightsizing functionalities across leading cloud services help to minimize operational costs and generate funds for future initiatives. It empowers teams to take ownership of their cloud expenses, linking these costs to business outcomes for improved strategic planning. A thorough cloud optimization strategy is developed with a focus on achieving immediate cost reductions. Furthermore, this initiative includes a series of optimization suggestions that are synchronized with the organization’s goals, promoting accountability throughout the company and enhancing its overall financial health. This approach not only fosters better budget management but also encourages a culture of financial responsibility among teams. -
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ProsperOps
ProsperOps
Algorithms, advanced technologies, and continuous execution automatically combine Savings Plans with Reserved Instances to produce superior financial outcomes. Our customers see an average 68% increase in monthly savings. ProsperOps uses optimization and AI algorithms for tasks previously performed by humans. You enjoy the savings, we do the work. We combine savings instruments to provide the best savings and reduce your AWS financial lock-in, from years to days. We generate more savings than our cost so we add incremental dollars to your cloud budget net of our charge. ProsperOps can programmatically optimize your AWS compute savings plans and RIs. Algorithms combine multiple discount instruments to maximize savings, and minimize the commitment term. -
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AWS Cost Explorer
Amazon
AWS Cost Explorer features a user-friendly interface that allows users to visualize, comprehend, and control their AWS expenditures and usage trends over time. You can begin promptly by generating tailored reports that assess your cost and usage information. Whether you want to analyze data broadly (like total expenses and usage across all accounts) or investigate more detailed aspects of your costs and usage to uncover patterns, identify primary cost sources, and spot irregularities, it facilitates both approaches. Included are several default reports designed to help you swiftly understand your cost dynamics and usage patterns. You have the flexibility to set a specific time frame and choose whether to analyze your data with monthly or daily granularity. By utilizing filtering and grouping features across various dimensions, you can delve deeper into your data. Additionally, forecasting tools can provide insights into your future costs and usage, enabling you to strategically plan for upcoming expenses. This comprehensive analysis empowers businesses to make informed decisions and optimize their AWS spending effectively. -
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Serverless360
Kovai
This portal focuses on Operations and Support for Microsoft Azure Serverless resources. A complement to Azure portal for supporting Azure Serverless Application. Service Bus Explorer does not support automated message processing. Detect failure, autocorrect status, correlate run resubmission, and address Azure portals gaps. Application insights allows you to detect anomalies and correct them. Event Grid subscriptions allow you to view and process dead-letters, as well as extensive monitoring. Simulate test environment, monitor partitions and check for active clients. Auto-clean blobs. Monitor storage account components to check their state and properties. Monitor products, endpoints, and operations from multiple perspectives. Automate managing APIM state. Monitor and manage Azure Relays, including Hybrid relays, with analytics. Monitor the health and performance of Azure Web Apps, including HTTP errors, CPU time, garbage collection, and CPU time.
FinOps Tools Overview
FinOps tools (also known as cloud spend management tools) are designed to help organizations manage their cloud costs in the most efficient and cost-effective way. They provide visibility into resource usage, allow for automated budgeting, alert when costs exceed a specified threshold, and track historical data against budget plans. The goal of FinOps is to help optimize the total cost of ownership (TCO) of cloud resources by optimizing spend.
It starts with collecting data about your current infrastructure and how it's being used. For instance, which cloud provider are you using, and what services are enabled? You may also need to know the utilization levels for each service, how many users are accessing it, or if any unused services can be disabled. Once you have this data collected, you can use FinOps tools to identify opportunities for cost optimization within the infrastructure.
For example, if the same kind of workload is running on different types of storage or compute services from different providers, FinOps would suggest consolidating those workloads onto one type of service where possible—this would reduce complexity and often lower costs over the long term. It could also recommend re-architecting your applications so they better align with available pricing plans; for example in AWS EC2 Reserved Instances or Google Cloud Preemptible VMs depending on your application’s SLAs.
The next step is setting up budgets according to your needs and then monitoring these budgets to ensure compliance; this helps keep costs under control by providing alerts when planned usage exceeds actual usage or vice versa. Using automated spending reports and dashboards helps organizations quickly identify areas that require attention—allowing them to take corrective action before bills become too high.
Finally, tracking historical data over time provides valuable insights into performance trends that can be used to make more informed decisions about future purchases or upgrades—especially about annual contracts/renewals when budgets must be allocated accordingly. In summary, FinOps tools represent an invaluable asset for any organization looking to optimize their cloud spend while ensuring quality performance at all times—helping companies save money while achieving greater operational efficiency across their IT environment.
Why Use FinOps Tools?
- Improved Cloud Efficiency: FinOps tools are designed to optimize cloud spending by helping you identify areas where resources could be allocated more efficiently. This level of insight can help you save money on your cloud spend while ensuring optimal system performance and uptime.
- Auditing and Governance: Financial operations tools allow organizations to keep an accurate record of their cloud usage, providing visibility into how much is being spent on each instance and resource type. With the ability to access detailed reports, companies can make better-informed decisions about the cost-effectiveness of their solutions.
- Automation: FinOps tools make it easier for businesses to automate common tasks such as changing instance types or shutting down unused services, reducing manual work, and eliminating potential human errors that could result in overspending or other issues.
- Accurate Cost Forecasting: Strong visibility into usage trends allows organizations to accurately forecast their future cloud costs, empowering them to plan and budget accordingly for upcoming projects or initiatives.
- Security and Compliance: Many financial operations tools offer integrated security features that can help organizations ensure compliance with industry standards and regulations such as HIPAA or PCI DSS, keeping sensitive data safe while optimizing spending on resources used in compliance efforts.
- Optimized Capacity Planning: By providing insights into usage trends, FinOps tools can help organizations proactively adjust their IT catalog and capacity planning to reduce unnecessary cloud spend. This level of insight also helps teams understand how much they should be investing in certain resources to maintain high levels of performance.
The Importance of FinOps Tools
FinOps is an important tool when it comes to managing cloud spend because it allows organizations to better understand and manage their cloud costs. With the influx of complex cloud services, organizations need to have a clear view of how much they're spending on these services to maximize their efficiency and minimize unnecessary spend. FinOps provides a single platform that consolidates all of an organization's cloud information into one place, making it easier to track trends, identify problems, and make adjustments accordingly.
The main goal of FinOps is to optimize a company’s cloud spend by helping them identify potential areas for cost savings, detect anomalies in usage behavior that could be leading to excessive bills, and create detailed budget forecasts that can be used as part of long-term budget planning. It also helps organizations set up alerts so they are notified when usage or budgets reach certain thresholds so they can quickly respond to avoid unexpected fees or over-utilization charges.
On top of this, most FinOps tools provide analytics dashboards that allow teams to generate meaningful reports about overall usage patterns and more granular data such as category spending by month or service provider. This data can be used for purposes such as tracking utilization rates across projects or departments; optimizing resource allocation; identifying any inactive resources; detecting defects in production systems; staying compliant with industry regulations; benchmarking against competitors; forecasting future expenses; and understanding customer trends and preferences.
The importance of implementing FinOps tools cannot be understated - with the complexity of today's digital landscape come significant costs associated with managing multiple clouds across different environments which can easily spiral out of control if not monitored consistently. By leveraging the insights provided by these solutions, companies can take control over their financial destiny while ensuring that their investments are getting them the best possible returns on their IT investments.
Features of FinOps Tools
- Cost Monitoring: FinOps tools analyze cloud resource usage and monitor spending for each account, application, cost center, or service to identify potential areas of overspending and inefficiencies. This helps users identify which resources are most expensive as well as potential opportunities to optimize costs.
- Cost Allocation: FinOps tools enable users to allocate costs across multiple departments or cost centers, enabling them to easily track spending by project or department. This feature helps organizations keep a closer eye on where their money is being spent and identify any potential budget overruns early on.
- Savings Opportunities & Recommendations: FinOps tools can provide visibility into possible savings opportunities such as reducing idle infrastructure, negotiating volume discounts with cloud providers, leveraging Reserved Instances, etc., giving organizations the data they need to make informed decisions about how best to save money when moving workloads to the cloud.
- Forecasting & Budgeting: Forecasting capabilities allow users to estimate future expenses based on historical and current trends to plan out future projects and budgets more accurately. The forecasting feature can help businesses proactively manage costs rather than having surprises come up at the end of the month when bills are due.
- Usage & Utilization Analysis: With usage analysis features, businesses gain unprecedented insight into consumption patterns of their cloud resources – from individual instances and services up through product lines or a complete top-level picture of an environment – helping them understand where they may be able to reduce costs by optimizing what they’re already paying for in the cloud.
- Automation: FinOps tools often come with the ability to automate billing and cost management processes, allowing businesses to eliminate manual paperwork and save time on administrative tasks. This allows teams to focus more time on other important tasks such as optimization or scaling projects.
What Types of Users Can Benefit From FinOps Tools?
- Developers: Developers can benefit from FinOps tools by understanding how their code runs and deploys, as well as detecting any potential cost savings.
- Operations Managers: Operations managers can use FinOps tools to track cloud spending, set budgets, optimize costs, and identify opportunities for further optimization.
- Finance Professionals: Finance professionals can leverage FinOps tools to monitor the usage of cloud services and generate detailed reports about the company's overall financial performance.
- Business Leaders: Business leaders can take advantage of FinOps tools to identify patterns in their cloud usage that could indicate potential cost savings or help them make better decisions around new projects or initiatives.
- Data Scientists: Data scientists can use FinOps tools to analyze large volumes of data and uncover insights into resource utilization across different cloud providers. They can also use these insights to optimize their utilization strategies and refine their budgets accordingly.
- Architects: Architects can use FinOps tools to identify areas for cost optimization and ensure that their cloud deployments are optimized for the best possible cost savings.
- Security Professionals: Security professionals can leverage FinOps tools to audit their cloud environment and ensure it is secure against any potential threats.
- Risk Managers: Risk managers can use FinOps tools to analyze financial risks associated with cloud services, identify any potential issues, and take corrective action to reduce them.
- IT Managers: IT managers can use FinOps tools to track cloud usage, monitor costs, and identify opportunities for cost savings.
- Auditors: Auditors can utilize FinOps tools to inspect and analyze cloud spending data and ensure that all financial regulations are being met.
How Much Do FinOps Tools Cost?
The cost of FinOps tools related to cloud spend can vary depending on the specific solution you are looking at. Generally speaking, however, there are several options when it comes to how you pay for these tools. Some solutions offer a low monthly fee, while others may require an upfront cost or a one-time purchase price that can range anywhere from several hundred dollars to thousands of dollars. Additionally, many providers also allow for customized pricing plans that better match up with your usage needs and budget requirements. In any case, doing thorough research into the different features and costs associated with each solution is important to make sure it’s the right fit for your organization.
Risks To Be Aware of Regarding FinOps Tools
There are several risks associated with FinOps tools related to cloud spend, including:
- Security: If an unauthorized user gains access to the FinOps tool, they can view sensitive company information and potentially cause financial damage. It is important to make sure the tool is secure by ensuring only trusted users have access and all data is encrypted.
- Compliance: If a FinOps tool does not adhere to government regulations or industry standards, businesses may be subject to fines or other penalties. Regular audits should be conducted to ensure compliance with applicable laws and regulations.
- Data Quality: Poorly managed data can lead to inaccurate insights about cloud spending, resulting in businesses making bad decisions based on incomplete or incorrect information. Audits should also be completed periodically to identify any issues with data quality or accuracy.
- Cost Creep: With so many features available in FinOps tools it’s easy for businesses to become overwhelmed and end up subscribing to more than they need, leading them into overspending without realizing it. Companies should carefully review their subscription options and regularly audit their costs to avoid this issue.
FinOps Tools Integrations
There are a variety of different types of software that can integrate with FinOps tools to help manage cloud spend. For example, DevOps-related software such as automation tools and Infrastructure-as-Code (IaC) frameworks like Chef, Terraform, and Ansible can be used to create a well-defined workflow for provisioning and configuring systems to better track costs and maximize efficiency. Additionally, there are financial analysis solutions such as budgeting applications, cost allocation algorithms, cost optimization solutions, predictive analytics tools, and forecasting models that can provide insight into how current resources are being utilized as well as recommendations on where spending should be allocated in the future. Lastly, integration with enterprise resource planning (ERP) systems is often leveraged to accurately tie cloud spending directly back into the company’s financial statements. This integration allows for the tracking and analysis of cloud spend across Accounting, Procurement, and IT departments.
Questions To Ask Related To FinOps Tools
- What types of clouds are supported - i.e., AWS, Azure, Google Cloud Platform, etc.?
- How much does the tool cost? Does it offer any free or discounted tiers for smaller usage levels?
- Are there any associated maintenance fees related to using the tool?
- Does the tool provide visibility across cloud accounts and resources? Can users see their cloud spending broken down into individual services and costs, or is data aggregated in a higher-level format only?
- Are there features to identify and act on opportunities for cost savings, such as intelligent alerts or auto-scaling capabilities?
- Does the tool allow users to set budgets and receive notifications when those budgets are exceeded or likely to be exceeded soon?
- Is it possible to export reports from the tool’s dashboard so that cloud spending can be tracked over time with historical data points for comparison purposes?
- How often does the software update its pricing information so that users have access to accurate quotes before making purchasing decisions?
- Can users group resources into defined projects or categories within their account for easier tracking of budgeted spending on specific components of their overall cloud infrastructure setup?
- Are there any integrations available with other financial management solutions like QuickBooks or Xero so that integration between cloud spend and accounting records is seamless (and reducing manual entry)?