Erik Carlin, cofounder and CPO at ProsperOps, recently joined the FinOps Guys podcast to talk about FinOps metrics and Effective Savings Rate (ESR). The discussion centered on the evolution of automated cloud financial management and the establishment of a better metric to track cloud savings.
Most organizations are stuck cyclically managing cloud costs. Cloud Cost Optimization 2.0 represents a shift forward in your approach to cloud financial management (FinOps). Away from reactive, manual cloud cost optimization tools to automated, intelligent platforms.
Why is it so difficult to navigate pricing for cloud cost optimization tools? How can organizations compare and identify the best cloud cost optimization tool? To do so, we need to redefine what “price” means for cloud cost optimization solutions and objectively determine the value, or net savings.
ProsperOps hosted a webinar with the CFO Leadership Council about cloud FinOps and AWS cost optimization to help finance leaders understand their role in implementing cloud financial management practices. Learn how commitment management, discount programs and optimizing discount rates can drive down your cloud costs, immediately.