FinOps Solution for Multi-Cloud Cost Control

This case study describes the implementation of a FinOps solution by a technology research firm to manage and control multi-cloud infrastructure costs. The firm faced challenges in visibility and cost governance after migrating to the cloud, leading to inefficient manual processes for expense evaluation and cost allocation across 500 departments. The existing cloud optimization tool was inadequate, prompting the need for a comprehensive solution. The Tangoe One Cloud for IaaS was implemented within 30 days, automating cost allocations based on service usage and generating detailed reports for compliance with financial management processes. The solution also provided AI-driven recommendations for cost optimization, significantly reducing the time required for manual reporting from 40 hours to just minutes. As a result, the firm achieved improved productivity, enhanced visibility into cloud expenses, and better management of cloud resources, thereby ensuring responsible utilization of their cloud investments.