Coforge brings visibility and intelligence in your cloud platform to help you lower costs and optimize resources continuously with right governance in place.
Organizations opt for Public Cloud to reap the benefits such as scalability, high availability and pay per use, thereby saving cost. As the cloud usage grows, expenditure on public cloud may be concerning and not realizing expected cost benefits, if Visibility, Cost Management and Governance spend is not in place. Coforge provides an innovative solution for managing and optimizing the variable economics of cloud through data-driven spend and further helping Finance, Business & Technical teams to collaborate. We bring up 3 C's FinOps principle for optimization. · Cost Visibility - Forecasting spend data through cloud native tools or third-party tools
· Cost Control - Monitor Budget by setting budget alerts and guardrails and tracking
· Cost Governance - Working with multiple service towers and key stakeholder of business unit
To implement FinOps principle and framework, Coforge follows following three phase structured approach:
Assessment Bring our deep expertise to understand Azure workload through assessment and obtaining a comprehensive view of cloud resources and spends across the organization. As part of assessment outcome, we provide you a detailed report on cloud usage and insights to optimization options.
To achieve cost savings in the cloud, it requires to focus on cost optimization. Some of the common optimization options are predicting the unused/orphan resources, reserving capacity, right sizing, turning off resources during non-business hours and many more. Optimization is more than one time activity and require regular focus and process in place and seeing it more than just mere technology, an art to bring business value. During this phase Coforge build
a. Real-time cost tracking (Forecast & budgets) and alerting foundation.
b. Offer architectural guidance.
c. Monthly/Quarterly review on Cost Optimization with Customer
d. Continuous evaluation of processes and introduce tailored practice based on industry and organization need.
e. Empower teams and bring FinOps Practice culture through Centralized Team and Governance
f. Daily/Monthly reports
Optimize and Remediate: During this phase we perform remediation to maintain optimal state. Continuously evaluate business objectives and remediation to realize value. Provide Remediation Summary & Reports with ROI achievement & Trends.
Our FinOps service leverages proven experience and best practice from working with organizations of all sizes to deliver financial governance and cost optimization across all phases of the FinOps cycle. Coforge also offers Cloud agnostic FinOps Tool for Cloud Management Platform for data driven insights, cost rationalization that brings financial intelligence and cost realization.