Flexera announced new product features and industry momentum for
Flexera One Cloud Cost Optimization.
Flexera's flagship platform, Flexera
One, is the first of its kind: an award-winning platform that
delivers the power to mitigate risk, reduce costs, and maximize every
technology investment. It offers technology value optimization (TVO) through IT
visibility, IT asset management (ITAM), cloud cost optimization (CCO), and
cloud migration and modernization. Flexera One enables enterprises to take
control of their cloud journey with:
- Definitive
technology resource data. Flexera One offers comprehensive and
normalized cost visibility into the data center, SaaS and cloud through unique
discovery and the unmatched Technopedia catalog of IT product reference data.
- Consumption
intelligence. Flexera One provides savings on licensing costs by
applying use rights and rightsizing investments. Internal Flexera customer
research has found that customers save more than 30 percent with this approach.
- Automated
portfolio governance. Flexera One continually optimizes business agility through
automated cost optimization and feeding compliance and cost data into other IT
solutions via outbound and inbound APIs.
- Hybrid IT
optimization. Customers leverage Flexera One's data for negotiations
with major vendors, including Microsoft, IBM, Oracle and SAP.
Flexera One FinOps Innovation
Flexera continues to work with its customers and the broader
FinOps community. Recent Flexera One Cloud Cost Optimization innovations
include:
- Cloud
spend anomaly detection: anomaly analysis and detection in cloud
spend based on any dimension. Choose business dimensions across multiple cloud
costs. Look within automatically calculated thresholds at an account level and
identify which services are driving outliers.
- Cloud
spend forecasting: straight line, linear regression and moving average,
configurable look back, projection options, and categorization by relevant
dimensions.
- Usage
forecasting: project usage by region, account or business dimension to
support commitment and capacity planning decisions.
- Cross-platform
cost ingestion: common bill ingestion of any cloud or other costs into the
platform. Flexera supports Alibaba Cloud, Azure China, Oracle cloud and the
ingestion of data from any other service or source, including labor and
full-time equivalent (FTE) costs, on-prem licensing or any cost to provide a
total cost of ownership (TCO) view.
- Automation
engine for unit economics: production of unit economics KPIs using
Flexera's automation engine to ingest other metrics, such as usage data from
other sources, to produce relevant cost of goods sold (COGS) measures. These
include FinOps best-practice KPIs (such as cost per instance hour) and other
business KPIs.
- Contextualized
multi-cloud data: complement existing hybrid and multi-cloud tagging strategies by
ingesting attributes from CMDBs, enterprise architecture tools or other
repositories.
- Integration
with existing tools: push cloud spend recommendations into existing tools, such as
JIRA and ServiceNow, using Flexera's automation engine. Engineers can use these
existing tools to prioritize optimization initiatives.
- Currency
adjustment program: automatic conversion of cloud costs to any currency through
integration with Xe.com. This makes multi-cloud strategies more effective for
global enterprises that work across multiple currencies.
Growing Leadership in the FinOps Community
Beyond product innovation, Flexera's commitment to the field of
FinOps includes active involvement in initiatives that help advance cloud
financial management.
Flexera's Brian Adler, senior director, cloud
market strategy, and Jeremy Chaplin, senior
cloud solution architect, will speak at FinOps X in Austin, TX. The
session, FinOps & IT Asset
Management, The Partnership for Success, will be on Monday, June
20, from 4:10 to 4:40 pm CDT. The FinOps Foundation hosts the FinOps X event as
the gathering place for engineers, FinOps
practitioners, finance people, architects, and anyone who participates in
managing the value of cloud.
Other highlights of Flexera's leadership within the FinOps
community include: