FinOps

YäRKEN is a FinOps Certified Platform supporting FOCUS

FinOps is an operational framework and cultural practice which maximizes the business value of cloud, enables timely data-driven decision making, and creates financial accountability through collaboration between engineering, finance, and business teams.

Teams need to collaborate
Decisions are driven by business value of cloud
Everyone takes ownership for their cloud usage

FinOps data should be accessible and timely
A centralized team drives FinOps
Take advantage of the variable cost model of the cloud.

1Insights.
Harness the power of Cloud Forecast Lens to align disparate data sources, providing a unified view of anticipated cloud expenses. Drive cost improvement and resource allocation to bolster growth.

2Forecasting.
Leverage Cloud Forecast Lens for dynamic, team-driven forecasting, boosting transparency and strategic planning. Utilize shared insights for effective cost control, aligning cost management with business objectives.

3Team Allocation.
Foster a culture of ownership and financial responsibility through clear cost allocation with Cloud Forecast Lens. Assign cloud expenses to the appropriate teams, driving a sense of accountability and alignment with business goals.

Architecting for Cloud
Workload Optimization
Licensing & SaaS

FinOps Practice Operations
FinOps Assessment
FinOps Education & Enablement
Onboarding Workloads

Cloud Policy & Governance
FinOps Tools & Services
Invoicing & Chargeback
Intersecting Disciplines

Data Ingestion

Collect, transfer, store, and normalize data from various sources, with a goal of creating a complete, contextual dataset of cloud usage and cost data available for analysis.

Integration
Use YäRKEN to integrate with your cloud provider to collect real-time Cloud cost and usage data.

Automation
Automate the normalization of cloud resources, tags and IT assets using FOCUS and TBM frameworks.

Allocation

Define strategies to assign and share cloud costs using accounts, tags, labels, and other metadata, creating accountability among teams and projects within an organization.

	Modelling Allocate all your IT costs with a simple interface using YäRKEN’s rules engine to drive accountability and cost-efficient usage. Have the flexibility to choose the level of complexity that works for your organization.
	Automation Create your own automations to allocate cloud resources to your business structure using virtual tagging techniques

Reporting & Analytics

Analyze cloud data and create reporting to gain insights into usage and spend patterns, identify opportunities for improvement, and support informed decision-making about cloud resources.

	Reporting YäRKEN is your centralized platform for self-service IT reporting. Industry standard reports are available out of the box, to support informed decision-making.
	Analytics Create dashboards and reports using a simple drag-and-drop interface.
	Insights Use YäRKEN to integrate with your cloud provider to collect real-time Cloud cost and usage data.

Anomaly Management

Detect, identify, alert and manage unexpected or unforecasted cloud cost and usage irregularities in a timely manner to lower risk in cost-effective cloud operations.

Analytics
Perform manual reviews and in-depth analysis of spending data to identify anomalies through detailed examination and reporting.

Insights
Receive alerts for cost spikes and unexpected cost or usage patterns delivered to your messaging platform of choice so you can proactively manage potential issues and take action early.

Planning & Estimating

Estimation and exploration of potential cost and value of workloads if implemented in an organization’s cloud environment in a particular model or models.

	Reporting Develop business cases for estimating your cloud workload. See your estimated costs over the migration life cycle and move beyond cost by planning for your objectives and usage targets up front.
	Integration Bring in cloud cost estimates from the pricing estimator in AWS and Azure.
	Automation Use FOCUS Converter to normalize service categories and estimates from different Cloud providers

Forecasting

Creating a model of the anticipated future cost and value of cloud systems leveraging statistical methods, historical spend patterns, planned changes, and related metrics.

	Collaboration Use a centralized platform to create team-centric cloud forecasts and keep Dev, operations, and finance teams aligned.
	Analytics Monitor your forecast variance and track improvement over time.
	Insights Develop detailed forecasts and reduce your forecast variance by understanding historical and planned changes to cost and usage.

Budgeting

Strategic and ongoing process for setting limits, monitoring, and managing cloud spending, aligned with business objectives, to ensure accountability and predictable financial outcomes for cloud-based systems.

	Collaboration Create your IT budget with an in-built budget approval workflow bringing together teams without the need for manual spreadsheets. Drive accountability through cost transparency.
	Reporting Monitor and manage your cloud spend against budget with granular reporting dimensions.
	Insights Automated alerts to keep you on track with your IT budgets.

Benchmarking

Using efficiency metrics to evaluate cloud optimization and value between parts of the organization or against industry peers to inform decision-making and align FinOps with business objectives.

Reporting
Monitor spend against industry KPIs. Compare your team’s cloud forecasting accuracy against organizational benchmarks.

Unit Economics

Develop and track metrics that provide an understanding of how an organization’s cloud use and cloud management practices impact the value of the organization’s products, services, or activities.

	Reporting Define units measures for your service offerings and calculate unit costs.
	Insights Use Unit Economics to optimize resource allocation across your cloud environment.

Architecting for Cloud

Designing and modernizing solutions with cost-awareness and efficiency to maximize business value while achieving performance, scalability, and operational objectives.

	Integration Ingest cost, usage and objective data from a range of sources including your cloud pricing estimator.
	Reporting Compare business case options to ensure cost-effective decision making.
	Analytics Ensure usage estimates and cost targets are planned for up-front and aligned to your projected spend.

Invoicing & Chargeback

Developing specific reporting, cloud invoice reconciliation workflows and chargeback models, in direct collaboration with Finance Personas with input from Product and Engineering Personas, to align cloud cost data and reporting to specific budgets and accounting requirements.

	Reporting Chargeback the costs of your service offerings to the business units that drive it’s spend. Transparency of costs that make up a service offering.
	Collaboration Facilitate alignment between Finance teams who manage costs, Product and Engineering who incur and generating IT expenses, and business units that utilizing and benefit from IT resources.

Intersecting Disciplines

Coordinating activities with interconnected disciplines or Allied Personas (such as, ITAM, ITFM, Sustainability, Security) which manage responsibilities broader than just cloud, and which must integrate into the organizational cloud strategy by collaborating with FinOps.

	Integration Go beyond pure cloud costs by ingesting spending from across the IT ecosystem.
	Automation Automate the alignment of costs between the FinOps and TBM frameworks.
	Reporting Costs can be reported on in a number of dimensions across both FinOps and TBM disciplines.
	Collaboration Foster collaboration between FinOps teams and the wider business by embedding and combining both FinOps and TBM outcomes.

YäRKEN is a FinOps Certified Platform supporting FOCUS

Empowering Teams to increase Cost Predictability, Preventing Bill Shock.

With Cloud Forecast Lens, organisations can:

Empower Efficiency with Forecasted Spend Insights.

Maximize Budgeting with Agile Forecasting.

Boost Accountability with Team Cost Allocation.

FinOps Domains supported by YäRKEN

Understand Cloud Usage & Cost

Quantify Business Value

Optimize Cloud Usage & Cost