Flexera One FinOps Strengthens Enterprises’ Financials

Flexera, a company that helps organizations maximize business value from their technology investments, announced the general availability of Flexera One FinOps, a solution that strengthens an enterprise’s FinOps and cloud central teams while enhancing the convergence of IT asset management (ITAM) and FinOps, empowering enterprises to improve how they visualize and allocate cloud usage and billing, efficiently manage hybrid IT estates and operate cloud at scale.

Flexera One FinOps provides an integrated view of the technology ecosystem. It helps cloud teams collaborate with partners and stakeholders across the organization, such as ITAM and software license management (SLM), IT (operations and engineering), finance, engineering, architecture and security teams.

“Enterprises want more governance over cloud spending, but they’re not willing to give up the speed, agility and other benefits that come from digital transformation,” said Brian Adler, senior director of cloud market strategy at Flexera. “Today, when wasted spend across the IT estate is rampant, FinOps provides both a financial management discipline, as well as a cultural practice that maximizes business value at organizations that are serious about managing their cloud spend as their digital transformation initiatives move ahead.

“Effective FinOps for a hybrid IT estate requires knowing what you have, knowing how much you’re using, planning effective cloud migrations, and governing efficiently,” he continued. “Flexera One FinOps supports all of that through a single solution.”

Reliance on FinOps is growing; 72 percent of organizations have dedicated FinOps teams, as reported in theFlexera 2023 State of the Cloud Report. The report, based on a survey of cloud decision makers, found that public cloud spending was over budget by an average of 18 percent; 30 percent anticipate spending will increase in the coming year. These findings indicate the growing need to manage hybrid IT estates and expenses more effectively.

Flexera One FinOps, available as a standalone solution or as a part of the broader Flexera One platform, builds on existing Flexera Cloud Cost Optimization (CCO) technology.

Flexera One FinOps solutions are available with multiple configurations to fit each organization’s needs:

  • Flexera One Cloud Cost Optimization – Flexera’s standard FinOps offering provides visualization to allocate cloud usage and billing.
  • Flexera One FinOps Advanced – Flexera One FinOps Advanced offers cloud cost optimization and either of the following:

○ Cloud migration – builds on the standard offering with cloud migration functionality, allowing users to effectively plan for migration and operate cloud at scale.

SaaS management – builds on the standard offering with SaaS management functionality, allowing users to efficiently manage hybrid IT estates and operate cloud at scale.

  • Flexera One FinOps Enterprise: Flexera’s new comprehensive FinOps offering includes cloud migration and SaaS optimization functionality to plan for migration, efficiently manage hybrid IT estates and operate cloud at scale.

More about Flexera One FinOps is available https://www.flexera.com/flexera-one/finops.