Gaining a centralized, transparent view of cloud usage and spending is vital for successful FinOps. It’s difficult to diagnose your current spend, identify areas of potential optimization, implement new strategies, and observe the results if you can’t access accurate information about cloud spend in the first place.
This can be remedied through technology. SoftwareONE’s PyraCloud platform, for example, allows you to digitize your software supply chain and manage contracts while tracking, controlling, and predicting cloud spend - even across multiple different cloud providers.
Knowledge is power, not only for your FinOps team but for all stakeholders. Being able to accurately track and monitor spending enables you to align your spending with business goals. It also provides access to data and metrics that enable you to better assess the outcomes of new initiatives and provide justification for changes.