Cloud Financial Management
Get startedWhat is Cloud Financial Management?
Cloud Financial Management—sometimes known as FinOps or Cloud Cost Management—is a function that helps align and develop financial goals, drive a cost-conscious culture through best practices, establish guardrails to meet financial targets, and gain greater business efficiencies.
Benefits of Cloud Financial Management
Explore all the ways your organization can gain from cloud financial management practices.
Cloud cost visibility
With granular visibility into all your cloud environments, understand which departments, teams, projects, or applications are accountable for driving cloud cost and usage. Hold them accountable using chargeback and showback, and track consumption patterns over time to accurately forecast future budgets and reduce miscalculations.
Optimize cloud costs
Quickly identify opportunities to reduce wasted spend with custom rightsizing recommendations built with your workloads in mind and terminate unused assets for greater efficiency. Manage commitment-based discounts (e.g., Reservations and Savings Plans) throughout their lifecycle to maximize savings using Tanzu CloudHealth purchase modeling, optimization, and amortization capabilities.
Govern spending
Ensure lines of business are complying with budget guidelines by proactively alerting stakeholders when cost centers are forecasted to exceed predefined budgets or spending anomalies are detected. Use Tanzu CloudHealth’s dynamic policy engine to automate cost control measures by building governance policies that monitor your environment for opportunities to reduce wasted spend.
Financial accountability
Easily align cloud financial data to strategic business metrics and KPIs such as gross margins and cost of goods sold to establish common goals across your organization. Collaborate on best practices across various teams to standardize operating in the cloud.
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