What is a FinOps as a service?

FinOps is a method of cloud financial management that brings together teams from different areas to jointly take control of cloud costs.

What is the aim of FinOps?

The aim of a FinOps framework is to define governance guidelines that are managed by an interdisciplinary team. A successfully implemented FinOps project ensures a balanced combination of performance and costs for all of the company's cloud activities.

Which cloud environments can be managed with the CANCOM FinOps Service?

The service is not limited to specific providers - it supports cost control across various multi-cloud infrastructures. Cloud resources obtained via the CANCOM Cloud Marketplace can also be managed in an integrated manner.

How does CANCOM specifically help to reduce cloud costs?

Through targeted measures such as rightsizing resources, introducing suitable tools and continuous monitoring, CANCOM identifies potential savings and implements them in a structured manner - without jeopardizing availability or performance.

What does a dynamic cost allocation model mean in the context of FinOps?

This is a flexible billing model that focuses on the actual use of cloud resources. This model enables a fair, transparent and usage-based distribution of cloud costs to different teams or departments.

CANCOM FinOps Service

Manage and support cloud computing infrastructure and costs - a cloud cost management tool

How to control and optimize your cloud costs

The use of cloud solutions is now standard in companies. Companies are increasingly opting for a multi-cloud approach - i.e. cloud services from different providers such as Microsoft Azure.

And for good reason: this approach offers key benefits such as higher availability, reliability and efficiency when using cloud resources. At the same time, however, it also brings with it a major challenge - cost management.

This is because by using different cloud solutions in parallel, companies are increasingly losing track of how much they are actually spending on the cloud. This can lead to unnecessary expenditure and impair cost efficiency.

At CANCOM, we help you to create transparency here: Our FinOps services give you a complete overview of all cloud costs incurred during ongoing operations at all times. In addition, we support you in the introduction of FinOps and the implementation of effective cloud financial management.

The result: you can regularly monitor, control and optimize your cloud expenditure - ensuring that you only pay for the cloud services and resources that you actually use.

Our approach: Full implementation of the FinOps framework

Our services are holistically designed and fully implement the three principles of the FinOps framework: Inform, Optimize and Practice.// we transform for the better

Our FinOps services - with the aim of comprehensive cloud cost management - can be applied to a variety of cloud resources. This naturally also includes resources that are procured via the CANCOM Cloud Marketplace.

Inform

Implementation of a FinOps assessment
Analysis of the current status and planned cloud cost management goals
Comprehensible presentation of cloud expenditure
Evaluation of suitable FinOps tools and services

Optimize

Introduction of appropriate FinOps tools and services
Implementation of cost-saving measures
Implementation of rightsizing

Practicing

Introduction of a dynamic cost allocation model
Continuous cloud cost management based on FinOps tools

CANCOM FinOps at a glance

In our information sheet you can see the three central principles of the FinOps framework at a glance. You will also find the central features of CANCOM FinOps in the graphical overview.

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FAQs

The most frequently asked questions about the FinOps service

What is a FinOps as a service?
FinOps is a method of cloud financial management that brings together teams from different areas to jointly take control of cloud costs.
What is the aim of FinOps?
The aim of a FinOps framework is to define governance guidelines that are managed by an interdisciplinary team. A successfully implemented FinOps project ensures a balanced combination of performance and costs for all of the company's cloud activities.
Which cloud environments can be managed with the CANCOM FinOps Service?
The service is not limited to specific providers - it supports cost control across various multi-cloud infrastructures. Cloud resources obtained via the CANCOM Cloud Marketplace can also be managed in an integrated manner.
How does CANCOM specifically help to reduce cloud costs?
Through targeted measures such as rightsizing resources, introducing suitable tools and continuous monitoring, CANCOM identifies potential savings and implements them in a structured manner - without jeopardizing availability or performance.
What does a dynamic cost allocation model mean in the context of FinOps?
This is a flexible billing model that focuses on the actual use of cloud resources. This model enables a fair, transparent and usage-based distribution of cloud costs to different teams or departments.

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