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Empowering the Business Function in Cloud Financial Management
Powered by Amazon Q in QuickSight
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Which picture best describes your emotions when your AWS Bill shows up?
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Solution & Capability
Integrate File for Chart of Account System to be Managed
UI to Add Budgets to be Managed
Solution & Capability
Integrates to Account Management APIs to immediately map AWS Accounts to a Financial Budget or Multiple Financial Budgets based on % Allocation
Remap to beginning of Week/Period of the Current or Previous Month
Create Workloads and Claim Resources within AWS Accounts of their Allocations
Solution & Capability
Add Business User and map them to their Role
Map Business Users to their Financial Scope to include the Hierarchy of Financial Budgets
View Spending within Business Users Financial Scope in context of Approved Budgets
Summary and Detailed Views drill-downs to “Product/Project” Level
Solution & Capability
Key Cloud
Financial
Management
Processes &
Integrations
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Solution & Capability
Embedding and management of the CUDOS Dashboards with RLS based on Business Users Financial Scope
Amazon Q in QuickSight for FinOps Center Framework
Solution & Capability
Financial Budget Owners add Workloads base on the AWS Pricing Calculator
New Workloads are added to Budget Scheduling screen to assist users with allocating Budget(s) for Approvals
Solution & Capability
FinOps Center receives Annual Budgets from Core Systems or Manually for Annual Spending per Financial Budgets
Budget Owners Schedule Spending Per Month based on their Estimates
Budget Owners Manager Approves or Reject Spending
Budget Owner can Reschedule Montlhy Spending Month via Approval Workflow
Business Users view Spending within Approved Budgets
Solution & Capability
FinOps Center creates Spending Cards ever Period (1st of Month to Saturday, Sunday to Saturday, Sunday to End of the Month)
Budget Owners Approve or Dispute Cards
Budget Owners Managers Approve, Reject, or Resolve Disputes
Management Roles view Status of Cards within their Financial Scope
Solution & Capability
(Q4 2024) MAP Contracts are setup in FinOps Center
Budget Owners add Tagging to Resources/Services within the MAP Contract
FinOps Center integrates with AWS System Manager to apply Tags
Amazon Q in QuickSight provides Business Users progress towards Spending Accrual
Buying Agreement Pricebooks to be Applied to Spending
Solution & Capability
Solution & Capability
Bill Credits (PoC/MAP) are added to FinOps Center at a Project Budget level
Budget Owners see their Credit
End of Month Accrual File include Credit Balance against Budget Spending
End of Month AP File includes all Credits applied to Cloud Estate in the Billiing Cycle
Solution & Capability
(Q4 2024) FinOps Center consumes Cost Optimization Recommendations from the Cost Optimization Hub Data Exports
Business Users are Alerted to Cost Recommendations that have not been taken action on for 1 Period
Solution & Capability
Customizable File that is available to FinOps Leadership upon approval of all Cards
Last Period Cards is made available once the CUR File is updated with Invoice Number notifying the month is closed
Solution & Capability
Accrued Spending by Financial Budget
FP&A incorporates Credit Balance applied to Spending
Everybody has Lots of Questions
... and they just want to Ask
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Learn about Amazon Q in QuickSight
FinOps Center Framework
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What problem is FinOps Center Solving and what does it do?
The adoption of AWS has fundamentally altered the IT financial management, expense distribution, and fiscal responsibility practices for customers. As they continue to develop their partnership with AWS, clients need to rationalize their credits and discounts to the appropriate product group or line of business. While cost optimization remains a priority for numerous Cloud Centers of Excellence (CCoEs), achieving a balance between expenditure and budget, and maintaining spend accountability, extends beyond mere cost optimization.
We call this the FinOps 2 Speed Problem
FinOps Center is a purpose-built process application that enables the business and engineering constituents in customers’ CCoE to understand and act to control their cloud cost. This frees up specialists to concentrate on optimization.
FinOps 2 Speed Problem & Solutions
Mode 1:
Cloud Financial Management Processes
80% in soft saving opportunity
Skepticism of value due to lack of centralized source of truth
Cost of time on task (budget scheduling, spend approval & data transformation to core financial application) compared to “onprem” control systems
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Mode 2:
Cost Optimization
30% in hard saving opportunity
Over provisioning, idle resources
Maximizing buying option
Solution:
Custom process applications that targets reducing time on task of management of project spending and integration of spending to core systems.
All of Organization ownership of Cloud Spending Tasks.
Discovery
Buildout
Projects
- QuickStart
- Amazon Q Framework
- CFM CCoE
- Phase 1
- Phase 2
- Managed Services
Solution:
SaaS Solutions that consumed billing data to provide resource provisioning recommendation and provide purchase options.
Small SME Business and Engineering Teams owning all Tasks including automation implementation and management.
Projects
Bringing things together
AWS programs
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AWS Migration Hub MAP Funding
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Buying Agreement
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Cost and Usage
Governance Services
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AWS Control Tower
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AWS Organizations
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AWS Budget / Actions
Financial System
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Oracle
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Workday
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Oracle NetSuite
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IBM
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Quickbooks
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SAP Ariba
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ServiceNow
Q&A / Business Intelligence
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Amazon Q in Quicksight FinOps Center Framework
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How it Works
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AWS Marketplace
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AMI
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EC2
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Role
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S3
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FinOps Center
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CloudFormation
Customer Master Payer
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Account Management API
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Platform API
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S3
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Cost & Usage Report
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Cost Optimization Hub Data Export
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Route 53
Cloud Operations (Delegated Admin)
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Cognito
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CloudFront
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Cetificate Manager
Virtual private cloud (VPC) Security Group
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Unanimous Embedding
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Amazon QuickSight
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Amazon Athena
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Amazon Q
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DynamoDB
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AWS Step Functions
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S3
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React
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NodeJS
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SNS
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Lambda
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AppSync
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EndPoints
EventBridge
Plans
FinOps Center “FinOps In-a-Box” Hourly
Free trial
$.99/hr *
- Full Features
- 10 Accounts
FinOps Center “FinOps In-a-Box”
$25k Annual
- Full Features
- 25 Accounts