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Optimizing Cloud Spend with CloudGenera's Cloud Billing Show Back and Forecast
MRO Corporation, a prominent player in the healthcare industry, heavily relies on cloud services for its operations. As cloud adoption increased, so did the challenges associated with managing cloud spending effectively.
Challenges
Lack of visibility
This lack of visibility into cloud billing can hinder proactive and effective cost management and optimization strategies
Inability to track against budget/commitment effectively
The inability to track cloud expenses against budgetary commitments effectively can lead to overspending and budgetary challenges
Aligning the cost of cloud to revenue, profitability or revenue influence
Aligning the cost of cloud services to revenue, profitability, or revenue influence is crucial for ensuring that cloud investments contribute positively to the organization's financial objectives
Difficulty in predicting and aligning expenses with budgetary commitments
Difficulty in predicting and aligning expenses with budgetary commitments is a common challenge faced by organizations when managing cloud costs
Limited understanding of Cloud spend commitments and their utilization
Understanding Cloud spend commitments and effectively utilizing them requires clarity on various aspects of Cloud pricing models and commitment options
The Solution Implemented
Recognizing the need for a robust cloud billing management solution, MRO Corporation turned to CloudGenera’s FinOps offering. This solution provided comprehensive features to address their challenges effectively.
Key Benefits
Enhanced Visibility and Clarity
With CloudGenera's solution, MRO gained deep visibility into their cloud billing, allowing them to track historical spend and predict current month usage and costs across different cost groups.
Proactive Management of Cloud
"CloudGenera's solution has revolutionized our approach to cloud billing management. It has empowered us to promptly invoice our cloud customers, both internal and external, while predicting future costs with remarkable accuracy."
Optimized Cloud Spend and Budget Alignment
The ability to align expenses to budget and commitments has been invaluable, enabling MRO to make informed decisions and negotiate better contracts with technology suppliers.
Accelerated Maturity of FinOps Program
Implementation of CloudGenera's solution is accelerating the maturity of MRO's FinOps program, providing a solid foundation for proactive cost management and highlighting activities aimed at reducing technical debt.
alignment between Finance and Operations
With CloudGenera's solution, MRO achieved better alignment between Finance and Operations, ensuring that cloud expenses are tied directly to revenue streams and profitability metrics, enhancing overall financial performance and strategic decision-making.
The Results
Cloud Cost Transparency Made Easy
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