Amdocs Cloud FinOps Service: Drive ROI with Cloud Cost Management

A centralized cost-optimization solution to monitor & control cloud consumption

As communication and media organizations increasingly adopt cloud technologies from a single or multiple vendors, such as AWS, Azure, GCP and others, they need tools that enable them to view their consumption – and more importantly, take proactive cost savings actions. Moreover, as cloud usage and costs rise, the need to engage the entire organization in a cost-awareness mindset gradually emerges.

Benefits

View entire cloud activity and daily highlights in one simple and clear view
Execute savings recommendations with one click
Run dozens of pre-configured cloud usage reports
Personalized views, including for executives, FinOps experts, development, and IT teams
Tailor centralized policies for specific business and IT needs
Amdocs’ cloud cost savings model ensures guaranteed results

Amdocs Operations Services introduces Amdocs FinOps, a planning and cost optimization solution offered as a managed service and part of the Amdocs cloud operations platform, ACMP. With Amdocs FinOps, you can gain insights and aggregated data from multiple accounts and cloud providers. Detect and evaluate cost leakage in real time. Identify the biggest buckets of resource consumption. Maximize savings with actionable recommendations. Control your cloud budget with Amdocs FinOps, the only tool in the market designed to support telco cloud operations. Go to Amdocs dot com forward slash FinOps to learn more.

So you've made the big migration to the cloud, but your costs are not what you expected. You're over budget, and you're not alone. 80% of companies who move to the cloud overshoot their initial budget. The good news is that rising costs could mean your business is growing. The bad news is that you don't know until your cloud vendor sends the bill. And thirty days is a long time to wait, especially if you need to make changes. What you need is a way to control these costs in real time. That's why Amdocs developed the business FinOps solution for telecom and media companies. Amdocs FinOps service covers the entire application lifecycle from setting up the right architecture to monitoring production and non production environments, analyzing the health of your apps, and correlating between consumption and business activity in real time. Important stakeholders such as scrum teams, operation leads, and business managers all have access to the platform, which means that as a user, you can review costs every day and optimize them for your unique business activities and operational considerations. With the AI based anomaly detection and recommendation engine, you get real time proactive cost optimization. And with the built in gamification program, you can motivate different teams to continually optimize their cloud spends. See, with Amdocs, cloud costs are in control. Optimize your journey with Amdocs FinOps.

Featured insights

Amdocs FinOps provides your domain experts and executives with the clear and centralized view they need over cloud application usage. This includes total budgets for multiple cloud accounts, actual usage during designated periods, as well as projected usage based on application behaviour patterns and calculated estimations based on various parameters.

To enable rapid, proactive responses to issues, Amdocs FinOps presents the top peak points requiring immediate attention and remediation.

Furthermore, it encourages development teams to adopt a cost-awareness mindset, with its special Leaderboard area, displaying resource efficiency adoption levels and scores for each of your teams.