Collaboration of team leads, engineers and finance department is a key to successful cloud management and cost optimization. It’s a critical issue in order to define budgets, keep cloud costs under control and forecast expenses correctly.
Every team member can help build an effective cloud usage experience, manage cloud costs and be a part of a FinOps process.
IT and finance teams collaboration
Engaging engineering teams in cost saving and FinOps
Resource grouping and sharing
Everyone takes ownership for their cloud usage
Cross-functional teams streamline the optimization and planning processes in the cloud. Collaboration is aimed to combine a set of such functions as financial analytics and control, defining and adjusting cloud budgets, establishing and implementing an effective cloud usage strategy.
With OptScale managers get full cost transparency, can stay on track and take all cloud resources under control. The engineers are engaged in FinOps and cost saving processes via Slack. Flexible TTL rules for individual resources and budget constraints enable every team member to prevent unused cloud resources and reduce a cloud bill.
OptScale helps to establish an effective resource lifecycle management and sizing. Engineers can use the resources which were created by any team member and are not used at the moment. OptScale gives a mechanism to represent clusters, stacks, jobs but not just individual resources. You can lease resources from their owners and pay only for the time of the lease. Acquire, release and schedule shared usage for optimizing opportunities.
Via OptScale companies get a FinOps process where every member of an engineering team takes responsibility for the cloud resources they use and finance issues as a key to a successful cost saving and optimization. It becomes easier to take cloud usage under control, eliminate waste and adopt FinOps.
A full description of Hystax OptScale as a FinOps enablement platform – product features, benefits and functionality
This ebook will cover the implementation of basic FinOps principles to shed light on alternative ways of conducting cloud cost optimization
Discover how OptScale helps companies quickly increase FinOps adoption by engaging engineers in FinOps enablement and cloud cost savings