HAVE YOU BEEN IMPLEMENTING YOUR FINOPS WELL?

Nick and Jason discuss financial management and its three main components - budget, cash flow, and risk. They also talk about how organizations implementing their FinOps practices or their own cloud center of excellence should be thinking about these primary areas, and how the tooling can help them out. Learn more in this latest episode of Cloud Cost Optimization.

WORDS TO OPTIMIZE YOUR DAY

JASON: WHAT TO DO WHEN LEVERAGING THE CLOUD

“If you're going to leverage the cloud, and allow your organization to leverage the benefits of the flexibility, and the elasticity and all of those things, then you just have to, you have to get comfortable with the fact that because these costs can vary greatly, as you mentioned, variable costs, you have to get comfortable with knowing that budget, cash flow, and risk are going to have to be managed differently than they were when you could touch the servers.”

JASON: STOP SPENDING ON WHAT YOU DON’T NEED

“Stop spending money, cash on things you don't need, right? I mean, cash flow, and I know maybe this isn't the same necessarily the same thing with a capital environment, but if your costs aren't changing, as you add more customers, that means you're overpaying today.”

Get to know our hosts in the links below:

• Nick Lumsden | Jason Yaeger

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