Companies that migrated to the cloud often face unpleasant surprises: bills grow faster than expected. Flexera research shows an average overspend of 32%. FinOps is the practice of financial management for cloud spending.
Three phases of FinOps
Inform — collecting and visualizing spending data. Optimize — rightsizing, Reserved Instances, removing unused resources. Operate — policies and automation to maintain optimal spending levels.
Practical savings tools
- Rightsizing — analyzing VM workloads, downsizing. Savings: 20–40%
- Reserved Instances — 1–3 year commitments, 30–60% discount
- Auto-shutdown — dev/test environments off at night. Savings: up to 65%
How SL Global Service solves this
SGS provides FinOps audits: analyzing Azure, AWS, or GCP bills with detailed reports. Engineers use Azure Cost Management and AWS Trusted Advisor to identify oversized resources. Clients reduce bills by 25–35% without performance impact.
Cost optimization is an ongoing process. Start with bill analysis and budget alerts.
“Cloud without FinOps is like renting an office where you pay for every light bulb but nobody checks which ones are on needlessly. 30% of cloud spending is waste.”
Yurii Syvytskyi, member of the Supervisory Board, Intecracy Group