Reduce Cloud Expenses With FinOps
Achieving financial control over your cloud operations is vital in the cloud computing industry.
Financial Operations, often referred to as FinOps, encompasses a range of strategies and services designed to streamline cloud expenditures and elevate financial oversight.
As the cloud continues to experience exponential growth in adoption, the effective management of cloud costs has emerged as a paramount issue for businesses of various scales. That's where FinOps services come into play.
Ready to reduce your cloud expenses?
What We Offer
Unlock the full potential of your cloud environment with Softjourn's comprehensive Cloud FinOps solutions, designed to optimize your cloud costs and maximize value. We will help you set up a central Cloud FinOps team, plan your cloud cost strategy, and enhance your cloud operations for optimal efficiency and cost control.
How Our FinOps Consulting Works
Discover:
Assessment:
Develop a Strategy:
Launch:
FinOps Consulting Services Case Studies:
Case Study: How Softjourn’s DevOps Team Saved Our Client Over $25k a Year on AWS
With the help of Softjourn’s skilled DevOps team, our client was able to save over $25,000 just this year and will continue to save thousands of dollars over time. We were pleased to reduce the cost of AWS for our client, without compromising the security or efficiency of their systems.
We Helped Cinewav Reduce AWS Costs by 30% on Their Multi-Regional Cloud Servers
Softjourn's cloud consulting services successfully addressed the challenges faced by Cinewav, resulting in an optimized, scalable, and cost-efficient cloud infrastructure. By implementing multi-regional deployment, CDN optimization, server upscaling, and efficient resource utilization, we significantly improved performance, reduced costs, and enhanced the security of Cinewav's cloud-based platform.
Case Study: Cloud Optimization to Achieve the Ability to Sell 20k Tickets in 5 Minutes
An action plan was prepared to help our client sell 20,000 tickets in 5 minutes, including reviewing the production environment, optimizing database queries, addressing performance issues, implementing data partitions, utilizing system insights for auto-scaling, blocking unproductive bot traffic, conducting load tests and prioritizing action items for performance enhancement.
Common Cloud Challenges Organizations Face
A lack of education, accountability, and control over spending within teams can lead to wastage of cloud resources and budget. Without clear oversight, resources may be overprovisioned or underutilized, resulting in unnecessary costs.
Many organizations rely on traditional monthly financial management processes, which can lead to limited real-time visibility of their cloud costs. This can make it challenging to proactively manage expenses and make informed decisions.
The complexity of cloud consumption across the organization, involving multiple departments and sources, can make the reconciliation of costs a convoluted and time-consuming process. This can lead to inefficiencies and errors in financial reporting.
While there are opportunities for cost reduction in cloud environments, organizations often struggle with implementing these opportunities on a wide scale. Without a clear strategy and the right tools, it can be difficult to realize meaningful cost savings.
The dynamic and often unpredictable nature of cloud usage can pose challenges when forecasting future consumption and budget requirements. Accurate forecasting is essential for cost management and ensuring that resources are aligned with business needs.
Benefits of Softjourn’s FinOps Consulting
Greater Savings
Data-Driven Decisions
Customized Solutions
Expertise
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Industry Experience
At Softjourn, we specialize in Fintech FinOps consulting, providing tailored solutions for financial technology companies. Our expertise in the Fintech sector allows us to offer:
- Cost Optimization: Tailored strategies to optimize cloud and technology spending, enhancing financial control.
- Regulatory Compliance: Guidance to navigate complex financial regulations and ensure compliance.
- Security: Implementing best practices to secure financial data and transactions.
- Scalability: Solutions to accommodate rapid growth and increased transaction volumes.
- Performance Enhancement: Fine-tuning systems for optimal efficiency and customer experience.
Softjourn offers specialized FinOps consulting services for the ticketing industry, addressing unique challenges and opportunities. Our solutions include:
- Cost Efficiency: Strategies to manage ticketing platform costs and enhance profitability.
- Dynamic Scalability: Ensuring systems can handle fluctuations in demand during peak ticketing periods.
- User Experience: Enhancing user interfaces and customer journey for seamless ticket purchasing.
- Data Security: Implementing robust security measures to protect customer information.
- Optimized Sales: Enhancing the ticket sales process and boosting revenue streams.
Take Your Cloud Management to the Next Level
Improved Performance
Increased Competitiveness
Cost Reduction
Enhanced Process Efficiency
FinOps FAQ
FinOps, short for Financial Operations, refers to the practice of bringing together teams of professionals from finance, operations, and technology to optimize cloud costs and improve financial accountability in cloud-based organizations.
Implementing FinOps services can provide several benefits, including better cost optimization, increased financial visibility and control, improved decision-making based on accurate financial data, and overall reduced cloud costs.
FinOps consulting works to optimize cloud costs by providing insights into cloud spending, identifying cost-saving opportunities, implementing cost management tools and practices, and helping organizations create a culture of financial accountability.
FinOps focuses on the intersection of finance, operations, and technology to optimize cloud costs, while cloud cost management primarily focuses on implementing tools and practices to track and control cloud spending.
FinOps consulting adds business value by helping organizations optimize their cloud costs, improve financial visibility and control, and make informed decisions based on accurate financial data. This can result in significant cost savings and improved overall financial performance.
The FinOps lifecycle refers to the continuous process of optimizing cloud costs, managing financial risk, and maximizing the business value derived from cloud services. It includes stages such as planning and budgeting, monitoring and optimization, and reporting and cost optimization.
FinOps teams can optimize cloud costs by implementing cost management tools and practices, monitoring cloud spending, identifying cost-saving opportunities, and collaborating with various stakeholders to ensure financial accountability and optimization.
Key metrics used in FinOps include cloud spending by service or resource, cost per unit of service, cost allocation by business unit or project, and return on investment (ROI) for cloud services.
Being FinOps certified means that an individual has completed a training program or certification exam that verifies their knowledge and expertise in FinOps practices and principles. It demonstrates their ability to optimize cloud costs and improve financial accountability in cloud-based organizations.
FinOps helps organizations gain value from the cloud by optimizing cloud costs, improving financial visibility and control, and ensuring that cloud services are aligned with business goals and objectives. This allows organizations to maximize the business value derived from their cloud investments.
We were encouraged because Softjourn asked the right questions and involved people with the right experience in the conversations.
Founder at PEX
Softjourn included us as part of the team, not just as clients, which we loved as we wanted to know what was happening on a technical level and work it out as part of the team.
Co-Founder and Director at Cinewav
Softjourn built out our QA process and provide true structure for QA going forward. I really enjoyed working with Softjourn, and am excited to keep on working with them.