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Tag: Azure

The Role of FinOps in Cloud Cost Management

Posted on by dingusandzazzy

As cloud adoption continues to surge, businesses face increasing pressure to effectively manage and optimize their cloud expenses. Enter FinOps is a cultural and financial management practice bridging the gap between finance, operations, and technology. This approach enables organizations to maximize cloud investments by fostering collaboration, enhancing visibility, and driving cost-efficient practices. In this blog post, we will explore the critical role of FinOps in cloud cost management and how it can transform your organization’s approach to cloud financial operations.

Understanding FinOps

FinOps, short for Financial Operations, is a set of practices and principles designed to bring financial accountability to the cloud computing variable spend model. It aims to align the objectives of finance, DevOps, and business teams, ensuring that cloud resources are used efficiently and effectively to meet organizational goals.

Critical components of FinOps include:

    • Collaboration: Promoting a culture where finance, operations, and technology teams work together to manage cloud costs.
    • Visibility: Providing detailed insights into cloud spending to help teams make informed decisions.
    • Optimization: Continuously identifying and implementing cost-saving opportunities without compromising performance.

Challenges Addressed by FinOps

FinOps addresses several challenges that organizations face in cloud cost management:

  • Lack of Cost Visibility: Many organizations struggle to understand their cloud expenses clearly. FinOps provides detailed visibility into where money is spent, allowing teams to identify and address inefficiencies.
  • Budget Overruns: Cloud costs can quickly exceed budgets without proper financial management. FinOps helps forecast and control spending, reducing the risk of budget overruns.
  • Resource Waste: Inefficient use of cloud resources can lead to significant waste. FinOps practices help identify and eliminate unused or underutilized resources.

The Core Principles of FinOps

FinOps is built on three core principles that guide organizations in managing their cloud costs effectively:

1. Teams Need to Collaborate:

    • Encourage cross-functional teams to work together to manage cloud spending.
    • Foster a culture of shared responsibility and accountability for cloud costs.

2. Decentralized Control with Centralized Visibility:

    • Allow individual teams to make informed decisions about their cloud usage.
    • Provide a centralized platform for tracking and analyzing cloud costs, ensuring transparency across the organization.

3. Everyone Takes Ownership of Their Cloud Usage:

    • Empower teams to take responsibility for their cloud spending.
    • Implement chargeback or showback models to allocate costs to the respective teams, promoting accountability.

Implementing FinOps in Your Organization

To successfully implement FinOps, organizations need to follow a structured approach:

1. Establish a FinOps Team:

    • Form a dedicated team comprising members from finance, operations, and technology departments.
    • Assign roles and responsibilities to ensure effective collaboration and communication.

2. Adopt FinOps Tools and Technologies:

    • Leverage cloud cost management tools to gain detailed insights into cloud spending.
    • Use automation tools to enforce cost-saving policies and optimize resource usage.

3. Develop a FinOps Framework:

    • Create a framework that outlines the processes, policies, and best practices for managing cloud costs.
    • Define key performance indicators (KPIs) to measure the success of your FinOps initiatives.

4. Promote Continuous Improvement:

    • Encourage a culture of continuous improvement by regularly reviewing and optimizing cloud usage.
    • Conduct training sessions and workshops to update teams on the latest FinOps practices and tools.

Benefits of FinOps

Implementing FinOps in Your Organization

  • Cost Savings: Organizations can achieve significant cost savings by optimizing cloud usage and eliminating waste.
  • Improved Financial Accountability: FinOps fosters a culture of accountability, ensuring that teams take ownership of their cloud spending.
  • Enhanced Decision-Making: With detailed visibility into cloud costs, teams can make more informed decisions about cloud usage.
  • Operational Efficiency: FinOps helps streamline cloud financial operations by promoting collaboration and automation.
Unlock Massive Savings

Conclusion

FinOps is a transformative approach to cloud cost management that empowers organizations to maximize the value of their cloud investments. FinOps enables businesses to manage their cloud expenses effectively and achieve their financial objectives by fostering collaboration, enhancing visibility, and driving cost-efficient practices.

At MetrixData 360, we understand the importance of effective cloud cost management. Our solution Lucidity is designed to help organizations implement FinOps practices and optimize their cloud spending.
Contact us today to learn how we can support your FinOps journey and drive financial success in your cloud operations.

Why Keeping a Bad Sales Rep Could Cost You: How to Get a Great Software Deal and Strengthen Relationships

Posted on by Hailey Austin

As a customer, when you are looking to buy software, you want to get the best possible deal and build a strong relationship with the software provider. However, this can be difficult to achieve if a bad sales rep is working with you. In this blog post, we will explore why keeping a bad sales rep could cost you and provide actionable tips on how to get a great software deal and strengthen relationships.

Why Keeping a Bad Sales Rep Could Cost You

A bad sales rep can cost you in many ways. A bad sales rep:

  • Will not give you straight answers and will likely give you the runaround. This can be frustrating and time-consuming as you try to get the information you need to make an informed decision
  • May not be loyal to you and may be more interested in meeting their own goals than yours. This can lead to added costs, such as licensing, deployment, ongoing support, and increased costs over time.
  • Focuses on their quota and how they get paid. If you find a rep forcing you to buy products or services you don’t need, there is a reason. Reps that are focused on themselves are not going to help you accomplish what you need. 

Actionable Tips to Get a Great Deal and Strengthen Relationships

Now that we’ve looked at why a bad sales rep can cost you, let’s explore some actionable tips on how to get a great software deal and strengthen relationships.

  1. Do your research

Mistake: Not doing research 

Tip: Before making a software purchase, do your research. Look for reviews and testimonials from other customers, check the software provider’s website and social media accounts, and speak with current or past customers if possible. This will help you make an informed decision and avoid wasting time and money.

  1. Communicate your needs

Mistake: Not communicating your needs 

Tip: When speaking with a sales rep, be clear and specific about your needs. This will help the sales rep understand your needs and make appropriate recommendations. Don’t be afraid to ask questions or ask for clarification if you don’t understand something.

Statistic: According to a survey by TechValidate, 97% of B2B buyers said that the sales rep’s ability to understand their needs was an important factor in their decision to purchase.

  1. Negotiate

Mistake: Not negotiating

Tip: Don’t be afraid to negotiate with the sales rep. Ask for discounts or special pricing, especially if purchasing multiple licenses or a long-term contract. If the sales rep is unwilling to negotiate, consider speaking with management or looking for a different software provider.

Statistic: According to a survey by HubSpot, 89% of B2B buyers said negotiating pricing was an important factor in their decision to purchase.

Get in Touch with Us to Avoid That Bad Software and Sales Rep

As a customer, if you’re looking to buy software, you want to get the best possible deal and build a strong relationship with the software provider. We’ll help you avoid those bad sales reps that cost you, and we’ll provide even more actionable tips on how to get a great software deal and strengthen relationships.

 

  1. Don’t let a lousy software sales rep cost you more. Look for warning signs like poor communication and lack of support.

 

  • Don’t settle for vague timelines or complex deployments. A good sales rep should be clear and transparent.
  • Watch out for hidden costs and “shelf-ware” bundles. A good sales rep will work to provide value and meet your needs.
  • Work with a sales rep who prioritizes your goals and vision, not just their own. Loyalty and support are critical.
  • Choose a sales rep who values security and supports your business needs. Don’t compromise on protection or solutions.

 

  1. Don’t keep a bad sales rep if you want a great software deal and strong relationships.
  • Look for warning signs like poor communication, lack of support, and unclear timelines.
  • Don’t settle for hidden costs or unnecessary “shelf-ware” bundles. A good sales rep should provide value.
  • Prioritize your own goals and vision. Choose a sales rep who will support you and work to meet your needs.
  • Don’t compromise on security or protection. Choose a sales rep who values these aspects of software purchasing.
  • Take control of the purchasing process. Don’t let a bad sales rep drive up costs or hurt your relationship with your provider.

As businesses continue to rely more and more on software, the role of the sales representative has become increasingly important. A good sales rep can help enterprises to find the right software at the right price, while a bad sales rep can do the opposite. In fact, a bad sales rep could end up costing your business more than just money. According to a study by HubSpot, over 50% of customers say they have stopped doing business with a company because of poor customer service. So, how do you avoid keeping a bad sales rep, get an excellent software deal, and strengthen your business relationships?

  1. Identify Warning Signs

The first step in avoiding a bad sales rep is to know what to look for. Here are some warning signs that you might have a bad sales rep:

  • A sales rep who is challenging to reach, doesn’t respond to emails, or doesn’t listen to your needs is a red flag.
  • A good sales rep should be there to support you throughout the entire software purchasing process, not just during the sale.
  • Be wary of sales reps who aren’t transparent about costs or try to bundle unnecessary features or services.
  •  If the sales rep is only concerned with their own goals rather than yours, it’s time to look elsewhere.

Actionable Recommendation: Watch for these warning signs, and don’t hesitate to ask questions or voice concerns to their management team. A good sales rep will be transparent and responsive.

Error to Avoid: Don’t assume that a sales rep who seems nice or friendly will automatically be a good fit. Always do your research and ask questions.

  1. Prioritize Your Goals and Vision

Your business has unique needs and goals when it comes to software. A good sales rep should prioritize your vision, not theirs. Here are some ways to ensure that your goals are being met:

  • A good sales rep will be open and honest about what they can and can’t provide.
  • Your software needs might change over time. A good sales rep should be willing to adjust to your changing needs.
  • Look for a sales rep who provides ongoing support, not just during the sale.
  • A good sales rep will be loyal to you and your business, not just trying to make a quick sale.

Actionable Recommendation: Clearly articulate your goals and vision to potential sales reps. Look for reps who show a willingness to work with you to achieve these goals.

Error to Avoid: Don’t settle for a sales rep who tries to push their own agenda or goals onto your business. Always prioritize your own needs and vision.

  1. Don’t let your sales rep talk you into unnecessary add-ons:
  • Evaluate whether add-ons align with your goals and objectives
  • Ask for data or case studies that demonstrate how the add-on has helped similar clients
  • Push back if you feel like the add-on isn’t necessary or won’t provide a good ROI
  • Don’t let a bad sales rep pressure you into making a decision that isn’t right for your business and your budget.

Sales reps are often incentivized to push additional products or services, even if they don’t add value to your specific needs. Before agreeing to any add-ons, take the time to evaluate whether they align with your goals and objectives. Ask your rep to provide data or case studies demonstrating how the add-on has helped other clients in similar industries. Don’t be afraid to push back if you feel the add-on isn’t necessary or won’t provide a good return on investment. 

Remember, it’s your business and your budget— don’t let a bad sales rep pressure you into making a decision that isn’t right for you.

Why Keeping a Bad Sales Rep Could Cost You: How to Get a Great Software Deal and Strengthen Relationships

Posted on by Hailey Austin

As a customer, when you are looking to buy software, you want to get the best possible deal and build a strong relationship with the software provider. However, this can be difficult to achieve if a bad sales rep is working with you. In this blog post, we will explore why keeping a bad sales rep could cost you and provide actionable tips on how to get a great software deal and strengthen relationships.

Why Keeping a Bad Sales Rep Could Cost YouWhy Keeping a Bad Sales Rep Could Cost You

A bad sales rep can cost you in many ways. A bad sales rep:

  • Will not give you straight answers and will likely give you the runaround. This can be frustrating and time-consuming as you try to get the information you need to make an informed decision
  • May not be loyal to you and may be more interested in meeting their own goals than yours. This can lead to added costs, such as licensing, deployment, ongoing support, and increased costs over time.
  • Focuses on their quota and how they get paid. If you find a rep forcing you to buy products or services you don’t need, there is a reason. Reps that are focused on themselves are not going to help you accomplish what you need. 

Actionable Tips to Get a Great Deal and Strengthen Relationships

Now that we’ve looked at why a bad sales rep can cost you, let’s explore some actionable tips on how to get a great software deal and strengthen relationships.

  1. Do your research

Mistake: Not doing research 

Tip: Before making a software purchase, do your research. Look for reviews and testimonials from other customers, check the software provider’s website and social media accounts, and speak with current or past customers if possible. This will help you make an informed decision and avoid wasting time and money.

  1. Communicate your needs

Mistake: Not communicating your needs 

Tip: When speaking with a sales rep, be clear and specific about your needs. This will help the sales rep understand your needs and make appropriate recommendations. Don’t be afraid to ask questions or ask for clarification if you don’t understand something.

Statistic: According to a survey by TechValidate, 97% of B2B buyers said that the sales rep’s ability to understand their needs was an important factor in their decision to purchase.

  1. Negotiate

Mistake: Not negotiating

Tip: Don’t be afraid to negotiate with the sales rep. Ask for discounts or special pricing, especially if purchasing multiple licenses or a long-term contract. If the sales rep is unwilling to negotiate, consider speaking with management or looking for a different software provider.

Statistic: According to a survey by HubSpot, 89% of B2B buyers said negotiating pricing was an important factor in their decision to purchase.

Get in Touch with Us to Avoid That Bad Software and Sales Rep

As a customer, if you’re looking to buy software, you want to get the best possible deal and build a strong relationship with the software provider. We’ll help you avoid those bad sales reps that cost you, and we’ll provide even more actionable tips on how to get a great software deal and strengthen relationships.

 

  1. Don’t let a lousy software sales rep cost you more. Look for warning signs like poor communication and lack of support.IBM License Metric Tool

 

  • Don’t settle for vague timelines or complex deployments. A good sales rep should be clear and transparent.
  • Watch out for hidden costs and “shelf-ware” bundles. A good sales rep will work to provide value and meet your needs.
  • Work with a sales rep who prioritizes your goals and vision, not just their own. Loyalty and support are critical.
  • Choose a sales rep who values security and supports your business needs. Don’t compromise on protection or solutions.

 

  1. Don’t keep a bad sales rep if you want a great software deal and strong relationships.
  • Look for warning signs like poor communication, lack of support, and unclear timelines.
  • Don’t settle for hidden costs or unnecessary “shelf-ware” bundles. A good sales rep should provide value.
  • Prioritize your own goals and vision. Choose a sales rep who will support you and work to meet your needs.
  • Don’t compromise on security or protection. Choose a sales rep who values these aspects of software purchasing.
  • Take control of the purchasing process. Don’t let a bad sales rep drive up costs or hurt your relationship with your provider.

As businesses continue to rely more and more on software, the role of the sales representative has become increasingly important. A good sales rep can help enterprises to find the right software at the right price, while a bad sales rep can do the opposite. In fact, a bad sales rep could end up costing your business more than just money. According to a study by HubSpot, over 50% of customers say they have stopped doing business with a company because of poor customer service. So, how do you avoid keeping a bad sales rep, get an excellent software deal, and strengthen your business relationships?

  1. Identify Warning Signs

The first step in avoiding a bad sales rep is to know what to look for. Here are some warning signs that you might have a bad sales rep:

  • A sales rep who is challenging to reach, doesn’t respond to emails, or doesn’t listen to your needs is a red flag.
  • A good sales rep should be there to support you throughout the entire software purchasing process, not just during the sale.
  • Be wary of sales reps who aren’t transparent about costs or try to bundle unnecessary features or services.
  •  If the sales rep is only concerned with their own goals rather than yours, it’s time to look elsewhere.

Actionable Recommendation: Watch for these warning signs, and don’t hesitate to ask questions or voice concerns to their management team. A good sales rep will be transparent and responsive.

Error to Avoid: Don’t assume that a sales rep who seems nice or friendly will automatically be a good fit. Always do your research and ask questions.

  1. Prioritize Your Goals and Vision

Your business has unique needs and goals when it comes to software. A good sales rep should prioritize your vision, not theirs. Here are some ways to ensure that your goals are being met:

  • A good sales rep will be open and honest about what they can and can’t provide.
  • Your software needs might change over time. A good sales rep should be willing to adjust to your changing needs.
  • Look for a sales rep who provides ongoing support, not just during the sale.
  • A good sales rep will be loyal to you and your business, not just trying to make a quick sale.

Actionable Recommendation: Clearly articulate your goals and vision to potential sales reps. Look for reps who show a willingness to work with you to achieve these goals.

Error to Avoid: Don’t settle for a sales rep who tries to push their own agenda or goals onto your business. Always prioritize your own needs and vision.

  1. Don’t let your sales rep talk you into unnecessary add-ons:
  • Evaluate whether add-ons align with your goals and objectives
  • Ask for data or case studies that demonstrate how the add-on has helped similar clients
  • Push back if you feel like the add-on isn’t necessary or won’t provide a good ROI
  • Don’t let a bad sales rep pressure you into making a decision that isn’t right for your business and your budget.

Sales reps are often incentivized to push additional products or services, even if they don’t add value to your specific needs. Before agreeing to any add-ons, take the time to evaluate whether they align with your goals and objectives. Ask your rep to provide data or case studies demonstrating how the add-on has helped other clients in similar industries. Don’t be afraid to push back if you feel the add-on isn’t necessary or won’t provide a good return on investment. 

Remember, it’s your business and your budget— don’t let a bad sales rep pressure you into making a decision that isn’t right for you.

Best Practices for Azure Zombie Resources and Cost Management

Posted on by Hailey Austin

What Are Azure Zombie Resources?

What Are Azure Zombie Resources?
The manager explains the company’s cost graph on the laptop computer for employees to listen to and share the analysis.

Azure zombie resources are cloud resources that are no longer in use but remain active and consuming resources, resulting in unnecessary charges. Zombie resources can occur when cloud resources are not adequately decommissioned or deleted or when resources are left running but are no longer needed.

These resources can be a significant problem for organizations using Azure, as they can result in unexpected and potentially significant Azure bills. To avoid this issue, it is vital to regularly review and clean up your use of Azure to ensure that all resources are appropriately decommissioned or deleted when they are no longer needed. Several factors can contribute to the development of Azure zombie resources. 

For example, zombie resources can occur when:

  1. Resources need to be correctly decommissioned: When resources are no longer needed, it is vital to decommission them properly by deleting or deallocating them. Without this step, the resources will continue to consume and generate charges.
  2. Resources are left running when not in use: Some resources, such as virtual machines, can be left running when not in use, resulting in ongoing charges. To avoid this issue, stopping or deallocating resources when they are not needed is essential.  
  3. Resources are not adequately managed: Resource management is critical to avoiding the development of Azure zombie resources. This includes regularly reviewing resource usage and taking steps to decommission or delete resources that are no longer needed.

There are many tools and strategies that organizations can use to identify and remove Azure zombie resources, including:

  1. Using Azure Resource Manager policies: Azure Resource Manager policies can enforce resource management standards and automatically decommission or delete resources that are no longer needed. For example, you can use policies to specify that resources must be deleted after a certain period of inactivity or to delete those terminated automatically.
  2. Using Azure Cost Management tools: Azure Cost Management tools, such as Azure Advisor, can help organizations identify resources that are consuming significant resources or generating high costs and suggest ways to optimize their usage. For example, Azure Advisors can identify underutilized or overutilized resources and recommend actions to maximize their use.
  3. Review resource usage: Reviewing resource usage can help organizations identify resources that are no longer needed and take steps to decommission or delete them. This can be done manually or automated using tools like Azure Resource Manager policies.

Contact us to learn how we can help you manage your Azure resources and get proper visibility of your data.

 

Azure Cost Management

Azure is a powerful and feature-rich cloud platform that offers a wide range of services and tools to help organizations build, deploy, and manage applications and

Azure Cost Management
Data The Cloud Storage Information Concept

Workloads. However, the cost of using Azure can be a significant concern for organizations, particularly as the scale and complexity of their Azure environment grow.

Optimizing Azure costs requires a strategic approach considering the organization’s needs and requirements. To help organizations optimize their Azure costs, we recommend the following strategies:

Understand your workloads: One of the critical steps in optimizing Azure costs is to understand the specific workloads and resources consumed in your environment. This includes identifying which services and resources are used, how they are used, and how much they cost. 

Right-size your resources: Ensuring your resources are appropriately sized for your workloads is critical to optimizing Azure costs. This can involve scaling resources up or down as needed to meet the demands of your workload or selecting cost-effective resource sizes that meet your performance requirements.

Utilize Azure Cost Management tools: Azure provides various tools and services to help organizations optimize costs, including Azure Cost Management, Azure Advisor, and the Azure Pricing Calculator. These tools can help you identify optimization opportunities, track your costs over time, and plan for future growth.

Use resource tagging: Resource tagging is a powerful tool for optimizing Azure costs. It allows you to assign metadata to your resources and track their usage and costs more granularly. This can help you identify and optimize underutilized or overutilized resources and allocate costs more effectively.

Optimize resource deployment: The way that you deploy resources in Azure can have a significant impact on your costs. To optimize your costs, consider using resource groups to manage and deploy resources more efficiently and leverage deployment automation tools like Azure Resource Manager templates to streamline resource deployment.

By following these strategies, organizations can optimize their Azure costs and get the most value from their investment in the cloud.

  1. Azure cost management best practices:

Effective Azure cost management requires a strategic approach considering the organization’s needs and requirements. To help optimize Azure costs, we recommend the following best practices:

  • Understand your workloads: One of the critical steps in optimizing Azure costs is to understand the specific workloads and resources consumed in your environment. This includes identifying which services and resources are used, how they are used, and how much they cost.
  • Right-size your resources: Ensuring your resources are appropriately sized for your workloads is critical to optimizing Azure costs. This can involve scaling resources up or down as needed to meet the demands of your workload or selecting cost-effective resource sizes that meet your performance requirements.
  • Use resource tagging: Resource tagging is a powerful tool for optimizing Azure costs. It allows you to assign metadata to your resources and track their usage and costs more granularly. This can help you identify and optimize underutilized or overutilized resources and allocate costs more effectively.
  • Optimize resource deployment: How you deploy resources in Azure can significantly impact your costs. To optimize your costs, consider using resource groups to manage and deploy resources more efficiently and leverage deployment automation tools like Azure Resource Manager templates to streamline resource deployment.
  • Leverage Azure Cost Management tools: Azure provides tools and services to help organizations optimize costs, including Azure Cost Management, Azure Advisor, and the Azure Pricing Calculator. These tools can help you identify optimization opportunities, track your costs over time, and plan for future growth.
  1. Azure cost management tools: 

Azure provides a range of tools and services to help organizations optimize their costs, including:

  • Azure Cost Management: Azure Cost Management is a comprehensive platform that provides visibility into your Azure costs, usage, and trend data. With Azure Cost Management, you can track your costs in real-time, optimize your resource usage, and optimize your Azure spending.
  • Azure Advisor: Azure Advisor is a free service that provides recommendations to help you optimize your Azure resources. Advisor analyzes your resource utilization and workload patterns and provides recommendations to help you optimize your costs, improve performance, and increase security.
  • Azure Pricing Calculator: The Azure Pricing Calculator is a tool that allows you to estimate the cost of running your workloads on Azure. You can use the calculator to estimate costs based on specific services, regions, and resource sizes and compare the cost of running your workloads on Azure to other cloud platforms.
  1. Azure cost management strategies:

Effective Azure cost management requires a strategic approach considering the organization’s needs and requirements. To help organizations optimize their Azure costs, we recommend the following strategies:

  • Adopt a cost-conscious mindset: To optimize your Azure costs, adopting a cost-conscious mindset and approach to resource management is essential. This involves being aware of the cost of your resources and actively seeking ways to optimize those costs.
  • Develop a cost management plan: A cost management plan is a roadmap for optimizing your Azure costs over time. Your plan should outline your cost management goals, the strategies and tactics you will use to achieve those goals, and the metrics you will use to track your progress.
  • Utilize Azure Cost Management tools: Azure provides tools and services to help organizations optimize costs, including Azure Cost Management, Azure Advisor, and the Azure Pricing Calculator. These tools can help you identify optimization opportunities, track your costs over time, and plan for future growth.
  • Use resource tagging: Resource tagging is a powerful tool for optimizing Azure costs. It allows you to assign metadata to your resources and track their usage and costs more granularly. This can help you identify and optimize underutilized or overutilized resources and allocate costs more effectively.
  • Optimize resource deployment: How you deploy resources in Azure can significantly impact your costs. To optimize your costs, consider using resource groups to manage and deploy resources more efficiently and leverage deployment automation tools like Azure Resource Manager templates to streamline resource deployment.
  1. Azure cost management tips:

In addition to the strategies and best practices mentioned above, there are several additional tips that organizations can follow to optimize their Azure costs:

  • Monitor your costs regularly: Monitoring your Azure costs can help you identify optimization opportunities and make changes to reduce your costs. Azure provides a range of tools and services, such as Azure Cost Management and Azure Advisor, that can help you to track your costs and identify areas for improvement.
  • Consider using reserved instances: Reserved instances can help you to save on Azure compute costs by allowing you to reserve capacity for your workloads at a discounted rate. When you purchase a reserved instance, you commit to using a specific computing capacity for a certain period in exchange for a discounted rate.
  • Use Azure Hybrid Benefit: Azure Hybrid Benefit is a licensing benefit that allows organizations with Windows Server and SQL Server licenses with Software Assurance to use their existing licenses to save on Azure compute costs. By leveraging Azure Hybrid Benefit, organizations can reduce their Azure compute costs by up to 55%.
  • Utilize Azure Cost Management policies: Azure Cost Management policies allow you to set rules and alerts to help you optimize your Azure costs. You can use policies to define budget thresholds, set alerts for when costs exceed a certain threshold and enforce resource tagging standards.
  • Use Azure Cost Management APIs: The Azure Cost Management APIs allow you to access your Azure cost and usage data programmatically, enabling you to build custom cost management solutions or integrate your Azure cost data with other tools and systems.
  1. Azure cost management tools – documents that can help:

Azure provides a range of documentation and resources to help organizations optimize their Azure costs, including:

  • Azure Cost Management: The Azure Cost Management tool and its documentation provide detailed information on how to use the Azure Cost Management platform, including how to track your costs, optimize your resource usage, and manage your Azure spending.
  • Azure Advisor: The Azure Advisor documentation provides information on using the Azure Advisor service to optimize your resources and reduce costs. The documentation includes information on how to use Advisor to identify optimization opportunities, get recommendations, and track the progress of your optimization efforts.
  • Azure pricing: The Azure pricing tool provides detailed information on the cost of Azure services, including pricing details for specific regions, resource sizes, and services. The documentation also includes Azure pricing plans, discounts, and billing options.
  1. Azure cost management pricing:

The cost of using Azure varies depending on the specific services and resources consumed. Azure offers a range of pricing plans and options to suit the needs of different organizations, including:

  • Pay-as-you-go pricing: With pay-as-you-go pricing, you pay for the specific Azure services and resources you consume based on the published rates. This pricing model is ideal for organizations with variable or unpredictable workloads or wanting the flexibility to scale their resources up or down as needed.
  • Commitment-based pricing: Commitment-based pricing allows you to purchase Azure services at a discounted rate in exchange for a commitment to use a certain number of resources over a specified period. This pricing model is ideal for organizations that have predictable or stable workloads and can commit to using a certain number of resources over a more extended period.
  • Azure Hybrid Benefit: Azure Hybrid Benefit is a licensing benefit that allows organizations with Windows Server and SQL Server licenses with Software Assurance to use their existing licenses to save on Azure compute costs. By leveraging Azure Hybrid Benefit, organizations can reduce their Azure compute costs by up to 55%.
  1. Azure cost management resources:

In addition to the documentation and tools mentioned above, there is a range of additional resources available to help organizations optimize their Azure costs, including:

  • Azure Cost Management blogs: The Azure Cost Management blog provides updates and best practices for optimizing Azure costs, case studies, and success stories from organizations that have successfully optimized their Azure costs.
  • Azure Cost Management webinars and training: Azure provides various webinars and training resources to help organizations learn more about Azure cost management and optimization. These resources include online courses, in-person training sessions, and virtual events.
  • Azure Cost Management Community: The Azure Cost Management community is a forum for Azure users to share best practices, ask questions, and connect with other users and experts. The community is a valuable resource for organizations seeking guidance and support on optimizing their Azure costs.
  • Azure Cost Management support: Azure provides a range of support options for organizations looking for help with Azure cost management. These options include online, phone, and support from Azure partners and third-party vendors.

By leveraging these resources and strategies, organizations can optimize their Azure costs and get the most value from their investment in the cloud.

 

Azure Cost Management

Posted on by Hailey Austin

Azure Cost Management

Azure Cost Management
Male manager is explaining about the company’s cost graph on the laptop computer for employees to listen to and share the analysis.

Azure is a powerful and feature-rich cloud platform that offers a wide range of services and tools to help organizations build, deploy, and manage applications and workloads. However, the cost of using Azure can be a significant concern for organizations, particularly as the scale and complexity of their Azure environment grow.

Optimizing Azure costs requires a strategic approach considering the organization’s specific needs and requirements. To help organizations optimize their Azure costs, we recommend the following strategies:

Understand your workloads: One of the critical steps in optimizing Azure costs is to understand the specific workloads and resources consumed in your environment. This includes identifying which services and resources are used, how they are used, and how much they cost. 

Right-size your resources: Ensuring your resources are appropriately sized for your workloads is critical to optimizing Azure costs. This can involve scaling resources up or down as needed to meet the demands of your workload or selecting cost-effective resource sizes that meet your performance requirements.

Utilize Azure Cost Management tools: Azure provides various tools and services to help organizations optimize costs, including Azure Cost Management, Azure Advisor, and the Azure Pricing Calculator. These tools can help you identify optimization opportunities, track your costs over time, and plan for future growth.

Use resource tagging: Resource tagging is a powerful tool for optimizing Azure costs. It allows you to assign metadata to your resources and track their usage and costs more granularly. This can help you identify and optimize underutilized or overutilized resources and allocate costs more effectively.

Optimize resource deployment: The way that you deploy resources in Azure can have a significant impact on your costs. To optimize your costs, consider using resource groups to manage and deploy resources more efficiently and leverage deployment automation tools like Azure Resource Manager templates to streamline resource deployment.

By following these strategies, organizations can optimize their Azure costs and get the most value from their investment in the cloud.

  1. Azure cost management best practices:

Effective Azure cost management requires a strategic approach considering the organization’s specific needs and requirements. To help optimize Azure costs, we recommend the following best practices:

  • Understand your workloads: One of the critical steps in optimizing Azure costs is to understand the specific workloads and resources consumed in your environment. This includes identifying which services and resources are used, how they are used, and how much they cost.
  • Right-size your resources: Ensuring your resources are appropriately sized for your workloads is critical to optimizing Azure costs. This can involve scaling resources up or down as needed to meet the demands of your workload or selecting cost-effective resource sizes that meet your performance requirements.
  • Use resource tagging: Resource tagging is a powerful tool for optimizing Azure costs. It allows you to assign metadata to your resources and track their usage and costs more granularly. This can help you identify and optimize underutilized or overutilized resources and allocate costs more effectively.
  • Optimize resource deployment: How you deploy resources in Azure can significantly impact your costs. To optimize your costs, consider using resource groups to manage and deploy resources more efficiently and leverage deployment automation tools like Azure Resource Manager templates to streamline resource deployment.
  • Leverage Azure Cost Management tools: Azure provides tools and services to help organizations optimize costs, including Azure Cost Management, Azure Advisor, and the Azure Pricing Calculator. These tools can help you identify optimization opportunities, track your costs over time, and plan for future growth.
  1. Azure cost management tools:

Azure provides a range of tools and services to help organizations optimize their costs, including:

  • Azure Cost Management: Azure Cost Management is a comprehensive platform that provides visibility into your Azure costs, usage, and trend data. With Azure Cost Management, you can track your costs in real-time, optimize your resource usage, and optimize your Azure spending.
  • Azure Advisor: Azure Advisor is a free service that provides recommendations to help you optimize your Azure resources. Advisor analyzes your resource utilization and workload patterns and provides recommendations to help you optimize your costs, improve performance, and increase security.
  • Azure Pricing Calculator: The Azure Pricing Calculator is a tool that allows you to estimate the cost of running your workloads on Azure. You can use the calculator to estimate costs based on specific services, regions, and resource sizes and compare the cost of running your workloads on Azure to other cloud platforms.
  1. Azure cost management strategies:

Effective Azure cost management requires a strategic approach considering the organization’s specific needs and requirements. To help organizations optimize their Azure costs, we recommend the following strategies:

  • Adopt a cost-conscious mindset: To optimize your Azure costs, adopting a cost-conscious mindset and approach to resource management is essential. This involves being aware of the cost of your resources and actively seeking ways to optimize those costs.
  • Develop a cost management plan: A cost management plan is a roadmap for optimizing your Azure costs over time. Your plan should outline your cost management goals, the strategies and tactics you will use to achieve those goals, and the metrics you will use to track your progress.
  • Utilize Azure Cost Management tools: Azure provides tools and services to help organizations optimize costs, including Azure Cost Management, Azure Advisor, and the Azure Pricing Calculator. These tools can help you identify optimization opportunities, track your costs over time, and plan for future growth.
  • Use resource tagging: Resource tagging is a powerful tool for optimizing Azure costs. It allows you to assign metadata to your resources and track their usage and costs more granularly. This can help you identify and optimize underutilized or overutilized resources and allocate costs more effectively.
  • Optimize resource deployment: How you deploy resources in Azure can significantly impact your costs. To optimize your costs, consider using resource groups to manage and deploy resources more efficiently and leverage deployment automation tools like Azure Resource Manager templates to streamline resource deployment.
  1. Azure cost management tips:

In addition to the strategies and best practices mentioned above, there are several additional tips that organizations can follow to optimize their Azure costs:

  • Monitor your costs regularly: Monitoring your Azure costs can help you identify optimization opportunities and make changes to reduce your costs. Azure provides a range of tools and services, such as Azure Cost Management and Azure Advisor, that can help you to track your costs and identify areas for improvement.
  • Consider using reserved instances: Reserved instances can help you to save on Azure compute costs by allowing you to reserve capacity for your workloads at a discounted rate. When you purchase a reserved instance, you commit to using a specific computing capacity for a certain period in exchange for a discounted rate.
  • Use Azure Hybrid Benefit: Azure Hybrid Benefit is a licensing benefit that allows organizations with Windows Server and SQL Server licenses with Software Assurance to use their existing licenses to save on Azure compute costs. By leveraging Azure Hybrid Benefit, organizations can reduce their Azure compute costs by up to 55%.
  • Utilize Azure Cost Management policies: Azure Cost Management policies allow you to set rules and alerts to help you optimize your Azure costs. You can use policies to define budget thresholds, set alerts for when costs exceed a certain threshold and enforce resource tagging standards.
  • Use Azure Cost Management APIs: The Azure Cost Management APIs allow you to access your Azure cost and usage data programmatically, enabling you to build custom cost management solutions or integrate your Azure cost data with other tools and systems.
  1. Azure cost management tools – documents that can help:

Azure provides a range of documentation and resources to help organizations optimize their Azure costs, including:

  • Azure Cost Management: The Azure Cost Management tool and its documentation provide detailed information on how to use the Azure Cost Management platform, including how to track your costs, optimize your resource usage, and manage your Azure spending.
  • Azure Advisor: The Azure Advisor documentation provides information on using the Azure Advisor service to optimize your resources and reduce costs. The documentation includes information on how to use Advisor to identify optimization opportunities, get recommendations, and track the progress of your optimization efforts.
  • Azure pricing: The Azure pricing tool provides detailed information on the cost of Azure services, including pricing details for specific regions, resource sizes, and services. The documentation also includes Azure pricing plans, discounts, and billing options.
  1. Azure cost management pricing:

The cost of using Azure varies depending on the specific services and resources consumed. Azure offers a range of pricing plans and options to suit the needs of different organizations, including:

  • Pay-as-you-go pricing: With pay-as-you-go pricing, you pay for the specific Azure services and resources you consume based on the published rates. This pricing model is ideal for organizations with variable or unpredictable workloads or wanting the flexibility to scale their resources up or down as needed.
  • Commitment-based pricing: Commitment-based pricing allows you to purchase Azure services at a discounted rate in exchange for a commitment to use a certain number of resources over a specified period. This pricing model is ideal for organizations that have predictable or stable workloads and can commit to using a certain number of resources over a more extended period.
  • Azure Hybrid Benefit: Azure Hybrid Benefit is a licensing benefit that allows organizations with Windows Server and SQL Server licenses with Software Assurance to use their existing licenses to save on Azure compute costs. By leveraging Azure Hybrid Benefit, organizations can reduce their Azure compute costs by up to 55%.
  1. Azure cost management resources:

In addition to the documentation and tools mentioned above, there is a range of additional resources available to help organizations optimize their Azure costs, including:

  • Azure Cost Management blogs: The Azure Cost Management blog provides updates and best practices for optimizing Azure costs, case studies, and success stories from organizations that have successfully optimized their Azure costs.
  • Azure Cost Management webinars and training: Azure provides various webinars and training resources to help organizations learn more about Azure cost management and optimization. These resources include online courses, in-person training sessions, and virtual events.
  • Azure Cost Management Community: The Azure Cost Management community is a forum for Azure users to share best practices, ask questions, and connect with other users and experts. The community is a valuable resource for organizations seeking guidance and support on optimizing their Azure costs.
  • Azure Cost Management support: Azure provides a range of support options for organizations looking for help with Azure cost management. These options include online, phone, and support from Azure partners and third-party vendors.

By leveraging these resources and strategies, organizations can optimize their Azure costs and get the most value from their investment in the cloud.

 

What Are Azure Zombie Resources?

Posted on by Hailey Austin

What Are Azure Zombie Resources?

Azure zombie resources are cloud resources that are no longer in use but remain active and consuming resources, resulting in unnecessary charges. Zombie resources can occur when cloud resources are not adequately decommissioned or deleted or when resources are left running but are no longer needed.

These resources can be a significant problem for organizations using Azure, as they can result in unexpected and potentially significant Azure bills. To avoid this issue, it is essential to regularly review and clean up your use of Azure to ensure that all resources are appropriately decommissioned or deleted when they are no longer needed. Several factors can contribute to the development of Azure zombie resources. 

For example, zombie resources can occur when:

  1. Resources need to be correctly decommissioned: When resources are no longer needed, it is vital to decommission them properly by deleting or deallocating them. Without this step, the resources will continue to consume and generate charges.
  2. Resources are left running when not in use: Some resources, such as virtual machines, can be left running when not in use, resulting in ongoing charges. To avoid this issue, stopping or deallocating resources when they are not needed is vital.  
  3. Resources are not adequately managed: Resource management is critical to avoiding the development of Azure zombie resources. This includes regularly reviewing resource usage and taking steps to decommission or delete resources that are no longer needed.

There are many tools and strategies that organizations can use to identify and remove Azure zombie resources, including:

  1. Using Azure Resource Manager policies: Azure Resource Manager policies can enforce resource management standards and automatically decommission or delete resources that are no longer needed. For example, you can use policies to specify that resources must be deleted after a certain period of inactivity or to delete those terminated automatically.
  2. Using Azure Cost Management tools: Azure Cost Management tools, such as Azure Advisor, can help organizations identify resources that are consuming significant resources or generating high costs and suggest ways to optimize their usage. For example, Azure Advisors can identify underutilized or overutilized resources and recommend actions to maximize their use.
  3. Review resource usage: Reviewing resource usage can help organizations identify resources that are no longer needed and take steps to decommission or delete them. This can be done manually or automated using tools like Azure Resource Manager policies.

Four Secrets of A Champion CIO

Posted on by Hailey Austin

Mastering Software Licensing: Insights from Champion CIOs

As a Chief Information Officer (CIO), one of your primary responsibilities is managing and optimizing your organization’s technology. To correctly manage technology includes ensuring you have the correct software licenses to support your business needs while controlling costs. This blog post will examine chief information officer roles, responsibilities, and secrets of champion CIOs who have excelled at software licensing and cost optimization.

Mastering Software Licensing

The first step in optimizing your software licensing costs is clearly understanding your business needs. To know what you need, you must identify the specific software applications and tools required to support your operations and the number of users needing access to these applications. It’s essential to take the time to carefully assess your needs, as having too few licenses can result in productivity bottlenecks while having too many can lead to unnecessary costs.

  • Negotiate favourable terms

Once you clearly understand your software needs, it’s time to start negotiating with vendors. Champion CIOs are skilled at negotiating favourable terms with software vendors, including discounts on licensing fees and additional features or services at no extra cost. The role of a CIO here is to be upfront about your budget and willing to walk away if the vendor is unwilling to meet your needs.

 

  • Leverage volume licensing agreementsLeverage volume licensing agreements

Volume licensing agreements allow organizations to purchase many licenses at a discounted price. These agreements are typically available for popular software applications such as Microsoft Office and Adobe Creative Suite and can result in significant cost savings for organizations with many users. Champion chief information officers are adept at leveraging volume licensing (and combing with point 2 – negotiate favourable terms) agreements to get the best deal for their organization.

  • Monitor and review your licenses.

It’s essential to regularly review your software licensing agreements to ensure that you are still meeting your organization’s needs. A best practice is tracking the number of licenses you have in use and identifying areas where you may be over-licensed or under-licensed. The role of a CIO here is to be proactive in monitoring and reviewing their licenses and quickly make changes as needed to optimize costs.

In conclusion, optimizing your software licensing costs requires a combination of careful planning, strong negotiation skills, and ongoing review. By following the secrets of these champion CIOs, you can ensure that you have the correct software licenses to support your business needs while keeping costs under control. So, these are the secrets of four champion CIOs that will help optimize the cost of software licensing in your organization.

Bonus: Leverage data to your advantageBonus: Leverage data to your advantage

In today’s digital age, data is “the new oil” – a valuable resource that helps drive growth and innovation. A champion CIO method here seeks to understand the value of data and use it to advantage regarding software licensing and cost optimization. By collecting and analyzing software deployment and usage metrics data, CIOs can better understand how their software is used and identify areas where they can save costs.

For example, by tracking the number of active users for a particular software application, a CIO may discover they have more licenses than they need. They then use this data to negotiate a reduction in licensing fees with the vendor. Additionally, by analyzing data on software usage patterns, CIOs can identify underutilized applications and decide to discontinue them, reducing costs and simplifying the software environment.

In today’s fast-paced, data-driven world, having access to accurate and actionable data is essential for effective software licensing and cost optimization. A champion chief information officer understands the importance of data and uses it to gain insights that drive better decision-making and cost savings. Collecting, analyzing, and leveraging data can earn a competitive advantage and stay ahead of the curve in software licensing and cost optimization.

In summary, you can optimize software licensing costs in your organization by understanding your needs, negotiating favourable terms, leveraging volume licensing agreements, monitoring and reviewing your licenses, and leveraging data to your advantage. In today’s fast-paced and data-driven world, data is the new oil, and having access to accurate and actionable data is essential for effective software licensing and cost optimization. Using your own data around deployment and software usage metrics will give you the most leverage possible for cost optimization.

For more information on how our services at MetrixData 360 can meet the needs of your technology and financial departments, contact us today. Let’s work with you and your chief information officer’s roles and responsibilities to manage and optimize your organization’s technology.

 

Microsoft CEO Says, “We’ll Help You Optimize Azure.” Here’s why that won’t work.

Posted on by Hailey Austin

Microsoft CEO Satya Nadella recently announced that the corporation would support its clients in cost-saving Azure optimization. Many professionals, nevertheless, have doubts about Microsoft’s capacity to fulfill this claim. Let’s examine why Microsoft’s optimization plan is unlikely to yield results and the actions you can take in its alternative to achieve true cost reductions. 

 

Why Microsoft’s Azure Optimization Strategy Won’t Work

Microsoft will probably recommend using “reserved instances” and “right-sizing” workloads as optimizations. Azure Reserved Instances are a price option that can lower your cloud technology expenses. In exchange for a promise to utilize Azure services for one or three years, it offers savings.

The procedure of rightsizing involves examining the utilization of your workloads. It includes deciding whether or not they are operating effectively given the price you are paying and then taking measures to enhance them by upgrading, downgrading, or terminating the resources as necessary.

However, these measures are not likely to result in significant cost savings. The reason for this is that the vast majority of waste in Azure comes from so-called “zombie resources”—resources that are no longer being used but continue to accrue charges.

Zombie processes significantly harm the business environment by idly using large amounts of raw computational resources. It is typical for a large company with thousands of programs to have many zombie processes, often as many as 20%. 

Zombie resources can exist for a variety of reasons. Perhaps a project was canceled or put on hold, and the associated resources were never deleted. Or maybe someone created a resource for testing purposes and forgot to delete it after they were done. In other cases, people might create duplicate resources or duplicate resource groups containing the same set of assets. Lastly, sometimes people simply forget they have certain resources deployed and continue paying for them even though they’re not being used.

Whatever the reason, it’s important to get rid of these unused resources as soon as possible so that you don’t continue wasting money on them.

 

The Truth about Microsoft’s Azure Optimization Strategy

Microsoft isn’t incentivized to help you find and eliminate these zombie resources because doing so would reduce its own revenue. They stand to gain financially if you use more Azure resources. Therefore, it is important to be skeptical of their motives when they recommend “right-sizing” or using “reserved instances.” You can save an average of 30–40% on your Azure spending without right-sizing or reserve instance optimizations.

How to Avoid Zombie Resources in Azure Spending?

There are several methods you can use to identify zombie resources within your Azure environment. 

 On your VMs primarily, alleged “zombie assets” can be active. These are services or parts of the architecture that aren’t required and aren’t being used. Simply put, they are wasting your workspace and wasting your money. Examples include virtual machines (VMs) that were utilized for a specific purpose, left unattended after use, program failures that prevented VM provisioning, inactive network equipment, and more.

These “zombies” can be located by looking for VMs with a max CPU of less than 5% over the preceding period, as this is a widely used indicator of such resources.

Furthermore, disk space is often connected to your software when you deploy a VM. And although you aren’t using the storage devices when the VM is terminated, they are still operational, and you are still obligated to pay for them. Best practices recommend terminating disc storage that has been detached for longer than two weeks, although your company may have different requirements.

 

Other ways to avoid zombie resources include the following.

  • Check your Azure portal for any deployments that haven’t been used in a while. You can use Azure Resource Manager (ARM) tags to help identify which assets haven’t been used recently.
  • Another method is to export your Azure bill into a format that can be analyzed, such as CSV or JSON. This will allow you to see which services are consuming the most money so that you can investigate further. 
  • You can also set up Azure Monitor Logs to monitor your environment for any deployments that aren’t being used. 

 

Once you’ve identified which assets are no longer being used, it’s time to delete them and stop paying for them. The first thing you’ll want to do is delete any unnecessary resource groups. Then, go through each resource group and delete any individual resources that aren’t needed. Be sure to check with your team before deleting anything, as some assets might be in use by other people or processes within your organization. Once everything has been deleted, you should see a reduction in your Azure bill.

The best way to efficiently deal with zombie resources is to seek help from experts. An experienced team of Azure experts can help you identify and delete all of the zombie resources in your account while optimizing your overall Azure usage to reduce your costs. With their help, you can get your Azure account cleaned up and running more efficiently in no time.

 

Conclusion 

Microsoft’s recent announcement that it will help customers optimize their Azure usage is unlikely to result in significant cost savings. The reason for this is that most waste in Azure comes from unused “zombie resources,” which Microsoft has no incentive to help you eliminate.  There is an opportunity for savings in Azure, but most people are not taking advantage of it because they don’t know where the waste is. However, there are some steps you can take to optimize your Azure workloads for maximum efficiency. By finding and deleting Zombie Resources, you can make sure that you’re getting the most out of your investment in Azure. If you’re looking for real cost savings on your Azure spending, you’re better off working with a company that specializes in optimizing Azure usage.  

4 Tips to Upgrade Your Azure Financial Reporting

Posted on by Mike Austin

If you’re like most organizations these days, you’re utilizing Azure to power at least a portion of your operations. Additionally, if you use Azure, you are aware of how crucial it is to keep a close check on your expenses, as it’s a constant struggle to avoid paying more than you need to. Here are a few tips and recommendations on how you can upgrade your Azure financial reporting and develop strong FinOps (Financial Operations) for your company so that you can maximize savings and get the most out of your investment.

Look at Your Costs on a Rolling 30-Day Period

1. Look at Your Costs on a Rolling 30-Day Period

One of the finest techniques for keeping track of your Azure costs is to look at them on a rolling 30-day period. This way, you can spot trends and optimize your usage accordingly. You can search for patterns and adjust the way you employ services. You can also use this method to compare your current month’s usage to previous months so that you can see if you’re making progress in terms of efficiency.

A 30-day period is an ideal number to follow for ensuring consistency in cost assessment. This is because most managers prefer having cost comparisons on a month-to-month basis. Further, typical Azure reports are produced monthly, which is another factor to consider. However, months can have 28 days, 30 days, or 31 days which can cause inconsistency when comparing costs. Hence taking an average,  a rolling 30-day period seems to be a reasonable period of time to follow.

It should be noted that your Log Analytics workspaces and Application Insights services often incur the most expenses through data import and maintenance. Through a 30-day rolling period, you will be able to accurately determine how much of the Azure budget is being spent on insight and other Azure services. 

One popular tactic is to activate supervision for a small subset of resources, then use the calculators and the observed data levels to estimate your expenditures for the entire ecosystem.

2. Remove FX (Foreign Exchange) from the Reporting  

If you have multiple subscriptions in different currencies, it can be helpful to remove foreign exchange (FX) from the reporting and solely report in a single currency (USD). This will make it easier for you to compare your costs across different time periods and see how exchange rates are affecting your spending. It will also help you track your costs more accurately since currency fluctuations can sometimes distort the data.

Remove FX (Foreign Exchange) from the Reporting

3. Associate Costs To Match Where “Value” is Being Achieved

Another way to upgrade your Azure financial reporting is to associate costs with customers, departments, etc. This will help you match your costs with the areas of your business that are actually generating value. For example, if you have a department that is responsible for generating revenue, you’ll want to make sure that its costs are properly reflected in the overall financial picture. By doing this, you can get a better understanding of where your money is going and how it is being used.

You can further associate cost with revenue to create a “unit economic” Key Performance Indicator (KPI) on a per workload/RSS-group level. By doing this, you can track how much each unit is costing you and compare it to the revenue that it is generating. This will help you make better decisions about where to allocate your resources and identify areas where additional investment might be needed.

4. Use FinOps (Financial (Cloud) Operations) to Enhance Financial Reporting

Finally, one last tip for upgrading your Azure financial reporting is to utilize FinOps’ benefits. And what is FinOps? The administration technique known as FinOps, or financial operations, encourages collaborative accountability for an organization’s cloud infrastructure deployment and expenditures.

The FinOps  methodology brings together leadership from the finance, IT, and DevOps sectors to control the overall cost of cloud platforms across an organization. With FinOps, an organization gives cross-functional teams the authority to control cloud costs while functioning according to FinOps standards. In order to implement the best practices for cloud financial planning, the FinOps initiative frequently involves setting up governance structures with a team or council.

Use FinOps (Financial (Cloud) Operations) to Enhance Financial Reporting

Four steps can be taken to implement a FinOps structure:

  • Analysis. Monitor all cloud spending and gain insight into team-specific IT expenditures and allotment.
  • Benchmarking. Evaluate cloud instance efficiency to identify over- and underprovisioning.
  • Optimization. To enhance cost/performance, rightsize instances, shift loads, and tweak applications.
  • Negotiation. Streamline your cloud service provider (CSP) payments and match your overall performance with cloud service allocation.

To preserve productivity, spur innovation, upgrade financial reporting, and reduce costs, you have to perform these processes on a regular basis.

 

Conclusion

Azure offers organizations a robust framework for managing their operations, but it’s crucial to monitor expenditures to prevent out-of-control spending. You may improve your Azure financial reporting by using the aforementioned advice so that you have a proper insight into where your money is invested and how it is being used. This information will help you make informed decisions about where to allocate resources and invest in new technologies.

Managing your Azure costs can become a little complicated. Hence, our experts are here to assist you in managing all your Azure costs with ease. So, if you’re looking for ways to cut Azure spending, request a demo on our website to find out how much you can save.

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