Our thoughts on the future of digital innovation and the cloud.

 /  Craig Slack

Discover the Key Features and Benefits of FinOps Ready™

In our previous posts, we introduced FinOps Ready™ and our Maturity Assessment. Today, we will delve into the key features and benefits of the FinOps Ready™ service.

Key Features of FinOps Ready™

  • FinOps Workshop: Designed to educate your team on FinOps and get an understanding of any current FinOps practices currently underway. The workshop is not available in the free version of FinOps Ready™
  • Comprehensive Evaluation: Detailed analysis of your current FinOps practices, identifying strengths and areas for improvement.
  • Proven Framework: We leverage the FinOps Foundation framework and maturity model, a globally recognized standard for cloud financial management, ensuring you are following industry best practices.
  • Actionable Recommendations: Tailored roadmap with actionable insights to enhance your FinOps capabilities.
  • Collaboration: Foster collaboration between engineering, finance, and business teams to create a culture of financial accountability.

FinOps Ready™ Benefits

  • Free Version Available: A fully free version of the FinOps Ready™ is available that covers 4 out of 22 capabilities within the FinOps Foundation’s framework, which could be enough to get many organizations started on implementing a FinOps practice.
  • Quantifiable Metrics: With the FinOps Ready™ methodology, developed by Invero, the results are quantified into measurable KPIs that clearly identify where you are today compared with where you want to go in the future so that you can know where to focus and close the gaps across each of the 22 domains and capabilities as identified in the FinOps Foundation Framework.
  • Custom Report: Get an in-depth report on your current and future state FinOps maturity across various domains, including cost allocation, forecasting, and optimization. This report is not “cookie cutter” because there is no one-size fits all, but rather FinOps Ready™ and the expertise of Invero provide you with a report that is tailored specifically to your organization’s unique requirements.
  • Benchmarking: Compare your FinOps maturity with industry peers to understand where you stand and set realistic improvement goals.
  • Expert Guidance: Benefit from the expertise of Invero’s FinOps consultants who are available to guide you through the assessment process and help implement the recommendations.
  • Continuous Improvement: Track your progress over time with periodic reassessments to stay ahead of the curve and ensure that you are continually moving your FinOps practice towards your desired end state.
  • Improved Cloud Financial Management: Optimize cloud usage and costs, ensuring you get the most value from your cloud investments.
  • Enhanced Decision-Making: Data-driven insights and recommendations to make informed financial decisions.
  • Increased Efficiency: Streamlined processes and practices to improve overall efficiency and reduce waste.

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.

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.