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FinOps

Good Vs. Bad FP&A: 5 FP&A Best Practices You Should Be Using

Financial planning and analysis is becoming an increasingly strategic part of a SaaS organization. The role of finance is no longer about just taking inputs and calculating how they affect financial plans, but about driving business outcomes through effective financial planning. There is a popular Andreessen Horowitz article titled “Good Product Manager/Bad Product Manager” that showcases best practices compared to worst practices.

FinOps Tools: Supercharge Your Investment with Optimization

Cost analysis and allocation tools like CloudHealth, CloudCheckr, and Cloudability play an important role in many organizations’ FinOps journeys by assisting with keeping Finance informed, enabling forecasting, and driving accountability. These tools may also help provide visibility and direction around long-term purchases like Savings Plans and RIs. But, slicing and dicing your cloud costs is only the tip of the FinOps iceberg: 85%+ of your cloud savings potential lies beyond refining how you buy cloud services. You also need to optimize what you’re actually purchasing.

What in the world is FinOps, and why do we need it?

In 2020, cloud migration sped up by a factor of 24, according to McKinsey. Would you be surprised to learn there were a lot of factors driving that shift? Due to COVID-19, companies needed to go remote fast and securely. They wanted to lift the maintenance burden off overworked IT teams. And, in the face of the year’s worldwide economic uncertainty, motivation to take advantage of cloud’s cost savings was running high.

Tidal Migrations hearts FinOps - Welcome!

Tidal Migrations is proud to welcome Shana Cunha to the team as our Director of FinOps Strategy. Working in the cloud since 2015 at AWS and holding the FinOps Practitioner certification, Shana has worked with many Enterprises ensuring maximum return of their Cloud Investment and seeking opportunities to deliver value to customers around the globe. We asked Shana for her thoughts on FinOps and what it means to Tidal Migrations customers. Shana?