Demonstrates Tangoe’s Commitment to Helping Enterprises Deploy the Latest FinOps Tools and Best Practices
Indianapolis, IN – September 11, 2023 – Tangoe, the leading technology expense and asset management solution for over two decades, proudly announces it has joined the FinOps Foundation community as a Premier member. Additionally, Tangoe’s Chief Product Officer, Chris Ortbals, will join the FinOps Governing Board as a voting member to help craft Foundation strategy and direction. The FinOps Foundation, an integral part of The Linux Foundation’s non-profit technology consortium, is focused on advancing the people who manage the value of cloud. It is made up of thousands of FinOps practitioners including those in 48 of the Fortune 50.
The skyrocketing investments in cloud technology have brought with them a staggering statistic: 70% of businesses say it’s challenging for IT, finance, and procurement teams to account for monthly cloud spending and usage. Moreover, the inability to trace spend and chargebacks is of particular concern to the C-suite with 66% of them citing this as a challenge. In response, the FinOps Framework has emerged as the predominant model for managing cloud expenditures while maximizing the business value of cloud services.
James Parker, CEO, Tangoe, expressed his excitement about this milestone, stating, “We’re thrilled to join the FinOps Foundation as a partner member and look forward to becoming an active participant of the community. With over 23 years of pioneering technology expense management, Tangoe is keen to share our deep experience, offering a distinctive advantage that validates our cloud expense management solutions and underscores our proficiency in the practice of FinOps.”
J.R. Storment, Executive Director of the FinOps Foundation, welcomed Tangoe stating, “FinOps harkens back to many of the variable spend principles that technology expense management pioneered decades ago, before cloud brought highly granular consumption data at massive scale. We trust that Tangoe’s participation will enrich the FinOps community and contribute to the development of best practices that transcend cloud infrastructure into related IT spending from SaaS and UCaaS. We are excited to have them share their working knowledge and deep expertise around asset management with the broader FinOps community through working groups that feed the FinOps Framework.”
About Tangoe One Cloud
Tangoe empowers companies to activate their FinOps strategies through its AI-powered Tangoe One Cloud solution. This comprehensive cloud expense management solution delivers benefits, including:
- Visibility into the Cloud: Tangoe offers the industry’s most extensive array of pre-built API integrations, facilitating broader data ingestion and a clearer perspective on software and infrastructure services.
- AI Powering FinOps: Tangoe offers a smart solution including AI-based automation with 13 patented capabilities expediting financial management workflows to yield quicker cloud insights and savings.
- Choice and Flexibility in Cost Management: Clients can reduce the cost of their cloud infrastructure across four major providers while optimizing their software and unified communications through customizable software and services tailored to meet the diverse needs of both IT and finance teams. When organizations are poised to extend FinOps principles beyond their cloud estate, Tangoe seamlessly scales cost optimization for mobile devices and telecom services.
Tangoe is the leading technology expense and asset management solution. Tangoe seamlessly integrates with hundreds of providers globally to deliver the reporting and insights needed by enterprises of all sizes and scales. Fueled by an innovative automation framework and unified customer experience, Tangoe optimizes spend and resources across telecom, mobile, cloud, and IoT. For more information on the power of Tangoe and how it can transform your business, visit www.tangoe.com or connect with the company on LinkedIn and Twitter.