TURNING CLOUD COMPLEXITY INTO FINANCIAL CLARITY 

Leverage end-to-end cloud solutions for cost efficiency. 

Effortless showback and chargeback: 

Implement automated cost allocation and reporting tools for clear visibility of cloud expenses across teams. Utilize FinOps dashboards to track and allocate costs efficiently.

Monitor and track usage in real time: 

Deploy real-time monitoring tools integrated with cloud platforms to track usage and costs. Implement anomaly detection and automated alerts for unusual spending patterns. 

Cross-functional FinOps team: 

Establish a dedicated FinOps practice involving finance, engineering, and business teams. Define clear roles and responsibilities to optimize cloud spend collaboratively. 

Assist in budgeting, forecasting, and setting up alerts: 

Leverage predictive analytics and machine learning-based forecasting models. Enable budget thresholds and alerts to proactively manage costs. 

Setup governance policies: 

Develop and enforce cloud cost management policies, including budget limits, approval workflows, and best practices for resource provisioning.  

Regular cost reviews and audit: 

Conduct periodic FinOps reviews, optimize reserved instances and savings plans, and audit cloud expenses to ensure alignment with financial objectives. Use FinOps dashboards for insights. 

Utilize TP’s customized FinOps dashboard designed to cater to the specific needs of different stakeholders, including finance, engineering, and leadership teams. It provides a customized view of cloud costs, offering role-based access and tailored visualizations to ensure an in-depth view of relevant insights without complexity. Teams can view: 

Cost breakdowns, chargeback details, budget adherence 

Optimization opportunities and real-time usage 

Cost trends, forecasting insights 

Automated alerts, anomaly detection 

 Predictive analytics to manage cloud spending 

Custom filters, drill-down reports, interactive charts 

REAL RESULTS

A US-based digital business service company faced the challenge of cloud cost management as a result of unclear tagging, lack of allocation structure, and inadequate workload visibility. TP’s Cloud-as-a-Service solutions offered simplified IT processes and a cloud solution that led to the following results: 

25%

~$0.5M

6 weeks

cost reduction

cost savings

assess + mobilize

To implement the FinOps shared cost model effectively, organizations should follow these steps:

Establish clear guidelines

Collect accurate 

usage data

Apply the appropriate 

allocation method

Review and adjust regularly

Define the criteria for cost allocation, including the metrics and data sources to be used. Ensure that all stakeholders understand and agree to these guidelines.

Implement tools and processes to track and record cloud usage accurately. This data serves as the foundation for cost allocation.

Choose the most suitable allocation method based on your organization's needs and usage patterns. For most organizations, the variable proportional approach will provide the most accurate and fair distribution of costs.

Regularly review the cost allocation to ensure it remains fair and accurate. Adjust the allocation method as needed to reflect changes in usage or organizational structure.

The FinOps shared cost model is an essential tool for organizations looking to manage their cloud expenses effectively. By ensuring that costs are allocated based on actual usage, organizations can achieve fairness, transparency, efficiency, and flexibility in their cloud spending. Implementing this model requires careful planning and regular review, but the benefits far outweigh the effort, making it a worthwhile investment for any organization.

Track cloud success with:

Seamless FinOps reporting

Proactive 

budget tracking 

Anomaly budget 

detection model 

Effective shared 

cost model 

Cost alerts 

based on budget 

Tracking of changing workloads as well as existing workloads utilization to ensure an optimized environment 

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