Cloud Cost Optimization:
6 Stats Finance Leaders Need to Know

Today every business is in the cloud, but services must be carefully managed to drive ROI. Here’s a look at the top finance challenges surrounding cloud cost optimization and how FinOps solutions solve them.
Gartner Logo

Gartner says 60% of organizations will encounter cloud cost overruns that negatively impact their business.

The Cloud Cost Conundrum

Bill Shock

67%

of organizations are already spending more on cloud services than they budgeted

ROI Failures

50%

of business leaders say challenges in measuring the value of the cloud prevent them from achieving cloud ROI

Compliance Challenges

50%+

of organizations report compliance and audit challenges associated with their cloud infrastructure services

Gain Sharper Cloud Controls with FinOps Solutions

65%

of enterprises use the FinOps framework to control and optimize cloud spend

+20%

AI-powered FinOps tools cut cloud expenses by greater than 20% on average

2X Savings

Third-party FinOps tools can double your cost savings on cloud services

Benefits of a FinOps Solution

1

Gain visibility into cloud expenses:
Advanced analytics validate, forecast, and optimize spending

2

Build a culture of accountability:
Allocate costs by department or by specific IaaS tags

3

Apply corporate financial rules to cloud spending:
Integration streamlines cloud governance

4

Accelerate invoice management:
Automation reconciles invoices, finds errors, speeds approvals

5

Automate payments:
Bill pay services eliminate late fees and service disconnections

6

Simplify contract management:
Track all renewals in one place with timely reminders

Why Tangoe for FinOps Solutions?

Wide Cloud Visibility

Wide Cloud Visibility:
IaaS, SaaS,
UCaaS

AI-Powered FinOps

AI-Powered FinOps:
Patented
Capabilities

Broad Flexibility

Broad Flexibility:
Tailored Software
and Services

Trusted Solutions

Trusted Solutions:
FinOps Foundation
Premier Partner

FinOps Foundation

Make FinOps Simple with Tangoe One Cloud

Ready to Tangoe?