The challenge of hybrid cost management IT leaders and cloud teams work in a dynamic, highly fragmented technology ecosystem. Organizations across the globe are continuing to embrace hybrid IT environments to help scale, become more agile, increase revenue and achieve business goals. However, wasted spend across the IT estate is rampant—more than 30 percent across desktop, data center, SaaS and IaaS/PaaS (Flexera 2022 State of ITAM Report). Enterprises need to improve both visibility into and efficiency of hybrid IT spend to successfully operate a modern hybrid environment at scale. This has led to the advent of FinOps as a practice. FinOps helps teams manage cloud and associated costs through a culture of accountability via cost allocation supported by a central group. This group consists of members from cross-functional teams. Although proven to be very fruitful, successfully implementing FinOps practices can be challenging for many organizations

Features

• Automated business service mapping
  • True bottom-up discovery of all assets, allowing for logical groupings of technology assets with business context to increase business agility, determine service value and streamline cloud migration.
• Cost analysis per provider
  • Full visibility into provider/status quo costs comparing on-premises/GCP/ Azure/AWS costs pre-migration to ensure successful day-one operations to hit budget requirements and ensure future success.
• 360° multi-cloud cost ingestion and reporting support
  • Support for major and less common cloud vendors and regions, on-premises or hybrid cloud costs as well as ingesting other costs—labor charges, third-party PaaS/ SaaS charges (Fastly/Mongo), etc. Single reports provide an aggregation of spend across multiple vendors in a single pane of glass with no offline processing.
• Extensible automation
  • Flexera One’s powerful policy engine provides out-of-the-box and extensible automation to enable any automation/remediation use case, as well as adapt to organizational preferences.
• Cloud spend anomaly detection
  • Automatic anomaly analysis and detection in cloud spend based on any critical cost dimension provides the ability to choose business dimensions across multiple clouds.
• Spend recommendations
  • In a single view, gain actionable insights and recommendations into cost-savings opportunities across multiple discounting options and multiple providers.
• Software license optimization
  • Flexera’s product use rights library optimizes license consumption by automatically applying benefits such as upgrade/downgrade rights, non-production use rights, virtual use and clustering rights and hybrid use rights
  • Flexera’s SKU library automatically reconciles consumed versus purchased to create an effective license position for any vendor
  • Flexera specializes in calculating license positions for complex data center license metrics like Microsoft SQL Server, IBM Cloud Paks, Oracle database and middleware, and SAP applications and engines
  • Optimize software installed on-premises or in the cloud (BYOL)
• SaaS management and optimization
  • Discover SaaS applications in use in your environment for complete visibility:
  • Automatically remove subscriptions for inactive users of SaaS applications
  • Find redundant SaaS applications that can be rationalized out of the environment to save costs
  • Automatically remove subscriptions and data to protect your data and intellectual property as users leave the organization
• Share IT asset data with other systems
  • Purpose-built integrations into ITSM, ITFM, enterprise architecture, information security and other systems; this includes out-of-the-box integrations to ServiceNow and BMC.
  • Open API-based architecture to promote extensibility and sharing with the ecosystem
• Take action with policies
  • Flexera One’s policy engine enables you to take automated action based on insights and data
  • Policy catalog with hundreds of pre-built policies out of the box
  • Automate reclamation of inactive SaaS subscriptions, inventorying of cloud instances and set any alert based on configurable thresholds