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AWS re:Invent 2024 FinOps Updates

FinOps Foundation

Key Insight: At re:Invent 2024, AWS announced numerous product enhancements that help FinOps Practitioners and their organizations optimize their cloud usage. The FinOps Foundation caught up with several AWS Product Managers at re:Invent and asked them what their teams have delivered and how these updates will impact Practitioners.

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The Scope of FinOps Extends Beyond Public Cloud

FinOps Foundation

Key Insight: To effectively manage the variable nature and distributed procurement model of cloud, FinOps Practitioners have built capabilities to maximize the value of their organization’s technology investments. We first explored this anticipated shift in the second edition of Cloud FinOps (pg.

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2024 re:Invent announcement recap for AWS Cloud Financial Management services

AWS FinOps

While we may not achieve a perfect 10, as there is always room for improvement, we do hope that these ten new features will help accomplish your daily FinOps tasks more effectively. As the FinOps leaders, you centrally develop the strategies, policies, and KPI targets. We announced the preview version back in June at FinOps X.

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Introducing FOCUS 1.2: SaaS/PaaS Support, Invoice Reconciliation, and Deeper Cloud Allocation

FinOps Foundation

Also learn more about improved invoice reconciliation and granular, deeper cloud cost allocation. Introducing FOCUS™ 1.2: Now practitioners can report on SaaS and PaaS cost and usage data in the same schema as other FOCUS-supported data.

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Tech news: Karbon Practice Management evolves into Practice Intelligence

Accounting Today

Partnerships, integrations and M&A Automation platform Quadient announced the acquisition of Serensia, a French electronic invoicing platform provider accredited by the French government as a Partner Dematerialization Platform.

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The Evolution of FinOps: Day 1 Keynote Themes from FinOps X 2024

FinOps Foundation

Key Insight: The FinOps X 2024 Day 1 Keynotes covered the Evolution of FinOps to include more technology spending beyond public cloud, FinOps for AI, cost-aware product decisions, carbon-aware FinOps. Stories from Disney and Uber spoke to the the constantly changing FinOps landscape, the FOCUS 1.0

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Will AI and LLMs Transform FinOps?

FinOps Foundation

Key Insight: Microsoft discovered that FinOps is the key to cloud success after a lift and shift approach left savings on the table. AI and LLMs have the potential to transform an organization’s approach to migration and modernization, and towards a cost-aware architecture. Partners can help facilitate optimal usage.