Definition

FinOps is and will increasingly be critical for businesses to understand the cost of products and services they provide through actionable insights. It is a key enabler for transformation by spending well and gaining a ROI in technology. FinOps represents a cultural and organisational shift that involves everyone and is crucial for realising value.

The Package

The Version 1 has a dedicated team specialising in the ongoing optimisation of enterprise licensing and cloud consumption and can help you with the following:

• Advise and guide with creating your own internal FinOps discipline to fit into your business’s overall processes and procedures.

• Validate/verify your current FinOps practice and make appropriate recommendations.

• Outsource some or all your FinOps discipline to Version 1 whilst adhering to any specific in-house processes.

Our FinOps engagement includes a complimentary remote FinOps Diagnosis Workshop to help establish your current state, identify strengths, weaknesses and opportunities for improvement.

https://www.version1.com/it-service/software-asset-management/cloud-licensing/finops-cloud-cost-optimisation/

Knowledge Transfer

Version 1 aims to set our customers up for success long after we have left. We work with your staff to upskill and train them providing detailed documentation, and tailored knowledge transfer sessions to accommodate customer teams needs.

Key Technologies

We utilise various AWS capabilities such as Savings Plans and Reserved Instances with the correct use of Spot Instances alongside various AWS platform services like Amazon Cost Explorer and Budgets with Cost Anomaly Detection and QuickSight for cost observability.