Plaza 365
Plaza 365

No results found for your search

RegisterLog in

11

Controlling Cloud Cost Challenges in Private Equity: How FinOps Leads the Way

Visit article

#cloud

#cost

Dynamics 365 ERP - Development

Category

Nov 14, 2024

Published date

Text

Article Type

AI Summary

  • Private equity firms are increasingly relying on cloud technologies for growth, leading to the challenge of managing associated costs effectively.
  • Growth initiatives within portfolio companies often involve digital transformation, expansion into new markets, and operational optimization, all enabled by cloud computing.
  • Challenges in cloud costs for private equity firms include lack of visibility and cost allocation, complexity and unpredictability, acquisition dynamics and rationalization, and growth-driven workloads.
  • Cloud FinOps, or cloud financial operations, is a discipline focused on managing the financial aspects of cloud computing to optimize spending while driving business value.
  • Cloud FinOps emphasizes financial governance to ensure cost transparency, accountability, compliance, and optimization of cloud spending.
  • Private equity firms can start their FinOps journey by performing an assessment to determine the current state of FinOps maturity and establish a roadmap for desired outcomes.
  • Establishing a FinOps Center of Excellence (COE) function is crucial in maximizing the organizational FinOps function and achieving desired outcomes.
  • In part 2 of the series, the discussion will focus on how private equity firms can leverage FinOps to optimize cloud spending.

Registered users can view the full text for FREE!

Sign In Now!