FinOps
FinOps (Financial Operations) is the strategic practice of balancing financial efficiency with business performance. This approach combines financial, operational, and technology expertise to optimise spending and drive better decision-making. By implementing FinOps principles, organisations can achieve greater transparency, accountability, and agility in their financial operations, leading to improved cost management and enhanced value creation.
FinOps is an evolving cloud financial management discipline and cultural practice defined by The FinOps Foundation. FinOps brings together Finance, Business and Technology teams to manage, control and develop strategic cloud solutions. As companies rely more heavily on cloud for their infrastructure needs there is a need for a discipline and practice that helps organisations manage their cloud spending effectively.
By implementing FinOps principles, organisations can achieve greater transparency, accountability, and agility in their financial operations, leading to improved cost management and enhanced value creation. At Keyrus, we're experts in implementing FinOps solutions.