Our thoughts on the future of digital innovation and the cloud.
In our previous post, we introduced FinOps Ready™. Today, we will explore the FinOps Ready™ Maturity Assessment and its benefits.
What is the FinOps Ready™ Maturity Assessment?
The FinOps Ready™ Maturity Assessment leverages the FinOps Foundation‘s Framework and Maturity Model to evaluate your organization’s FinOps maturity on a scale of Crawl, Walk, and Run. It quantifies your current state and compares it to your desired end state, providing customized recommendations to close the gap.
The FinOps Foundation’s Framework provides an operating model for establishing and excelling in the practice of FinOps. It includes principles, personas, phases, maturity domains, capabilities, and scopes. The framework is designed to help organizations manage their cloud costs more effectively and make informed financial decisions.
FinOps Ready™ Assessment Process
- Step 1: FinOps Workshop – Training on FinOps principles and understanding your current practices.
- Step 2: Assessment Questionnaire – In-depth analysis of your current and future cloud FinOps practices.
- Step 3: Recommendations – Actionable insights across the four FinOps domains as defined by the FinOps Foundation: Understand Cloud Usage & Cost, Optimize Cloud Usage & Cost, Quantify Business Value, Manage the FinOps Practice.
- Step 4: Final Report Delivery – A comprehensive report with a quantifiable roadmap for improvement.
Benefits of FinOps Ready™
- Identify strengths and areas for improvement to close the gap from where you are today and where you want to go in the future with FinOps in your organization
- Receive a tailored roadmap and dashboard with actionable recommendations
- Foster collaboration between engineering, finance, and business teams as your FinOps practice continues to mature
For years now, Invero has made its mission to help clients maximize the value of their investments in cloud because we are firm believers in the benefits that the cloud can bring to organizations of all sizes. FinOps is core to achieving this mission because without proper governance around cloud spend and tying that back to the business value that each dollar spent is driving, then there is a high risk of wasting money or not achieving optimal return on investment.
Many organizations that we work with struggle to know where to start, which is why we developed FinOps Ready™. Learn more and get started for FREE on your own today, or contact us to get help from our experts.
Join us in our next blog post about FinOps, where we will discuss the key features and benefits of the FinOps Ready™ service in detail.
Learn more about FinOps Ready™ and how you can get your very own tailored FinOps assessment report outlining actionable recommendations and areas for you to focus your FinOps efforts. Contact us.
