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FinOps Practitioners

Navigating cloud finance and DevOps demands precise analysis and strategic frameworks. FinOps practitioners face a broad array of challenges optimising spending and enhancing cost efficiency. Managing IT spending analysis. Implementing cost-efficient frameworks. Overseeing cloud cost management. MagicOrange equips FInOps pros with a single, integrated, multi-cloud management console. The FinOps module also features agile reporting and custom dashboards so stakeholders across the business stay informed and can play an active role in streamlining their own cloud cost management effectively.

Go Multi-Cloud

With A Single Integrated Console

Respond Faster

With Agile Reporting

Inform Stakeholders

With Custom Dashboards

Optimising FinOps Can Feel Overwhelming . . .

FinOps practitioners face the daunting task of optimising financial operations in increasingly complex multi-cloud environments. They must navigate varied pricing models, ensure accurate and agile reporting and provide stakeholders with the tools to manage their cloud spend effectively.

. . . In Complex Cloud Environments

Implementing effective cost management across several cloud platforms is a very complicated matter. With multiple cloud feeds, ensuring reporting agility and accuracy is an outsized challenge. Providing stakeholders with the necessary tools to manage and optimise their own cloud spend remains a stretch-goal. A lack of agility, insight and the right tools hinder efficient resource allocation and informed decision-making.

70^%

Enterprises Adopting Cloud Platforms By 2027

To accelerate business initiatives. Up from less than 15% in 2023

Gartner: Q&A with VP Analyst | Lawrence Pingree

Common FinOps Challenges

Managing Multi-Cloud Costs

FinOps practitioners face the challenge of managing complex multi-cloud environments. Each environment has a unique interface. Together, they have disjointed cost optimisation tools. Without a single platform to consolidate spend data, there is a significant risk of inefficiencies, hidden errors and wasted money.

Cloud cost management and FinOps solutions

Centralising cost optimisation efforts across diverse cloud platforms enhances efficiency and reduces waste. With the right platform, streamlined operations and optimal resource allocation in multi-cloud environments is within reach.

Learn how MagicOrange helps resolve wasteful cloud spend

Intelligent FinOps Software

Ineffective reporting severely hampers FinOps management. A lack of detail leaves decision makers without direction on where to make adjustments. And reigning in expenses is impossible when reporting insights are delayed and therefore, no longer actionable. Without the right platform to manage reporting across multiple cloud platforms, cloud ops teams struggle to contain spiraling costs.

FinOps data consolidation for financial accuracy

The right platform will streamline data consolidation from multiple cloud providers. Doing so enhances reporting agility and accuracy. It mitigates data sprawl, ensures precise and actionable financial insights and facilitates informed FinOps management.

Explore how MagicOrange can help resolve cloud data sprawl

Serving Up Right-Sized Reporting

FinOps practitioners face challenges balancing reporting depth while avoiding information overload. Ensuring actionable insights without complexity is key but is an objective that is very difficult to achieve. Access to custom dashboards and tailored reporting is crucial for the entire spectrum of interested parties – from executives to operational teams. Unfortunately, in many organisations, the capability is lacking.

FinOps decision-making with custom reporting and dashboards

Providing tailored reporting and access to custom dashboards across all levels – from executives to operational teams – is crucial for making effective FinOps management decisions. The right platform produces the reports needed to take well-informed actions. Actions that drive down cost without deprecating performance.

Explore how MagicOrange can help create a clean bill of IT

Ready To Elevate Your FinOps Practice?

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