FINOPS PLATFORM | 5 MIN READ

FinOps Reinvented: Discover Cloudsaver’s Game-Changing Tech Trifecta

The Cloudsaver Platform is a cutting-edge solution designed to transform cloud financial management. At its core are three revolutionary technologies: Cloudsaver COSMIC™, Cloudsaver’s patented tagging technology, and FinOps FOCUS™. Working in unison these technologies provide unparalleled cloud asset management, cost allocation, and resource visibility, setting new standards for cloud financial operations.

Cloudsaver COSMIC™

To fully understand the power of the Cloudsaver Platform, it’s essential to examine the first of its core technologies: COSMIC™

Definition and Purpose

COSMIC™, or Cloud Open Standard for Metadata and Integrated Connection, is a vendor-neutral, open-source specification developed by Cloudsaver. It unifies cloud connection methods and normalizes resource metadata across all major cloud service providers. By offering a standardized approach to handling cloud resources, COSMIC™ streamlines cloud management, making it more efficient and effective. When paired with Cloudsaver’s patented tagging technology and FinOps FOCUS™ , COSMIC™ delivers unique advantages:

Normalization of resources & observability metadata: Ensures consistent resource metadata management across different platforms, enhancing clarity and control.
Vendor-neutral: Supports multiple cloud service providers, eliminating vendor lock-in and providing flexibility.
Unification of cloud connection methods: Provides a single framework for connecting to various cloud services, simplifying management.

Benefits

The real strength of COSMIC™ lies in the tangible benefits it offers:

Real-time Cloud Asset Management: Enables real-time monitoring and management of cloud assets, ensuring an up-to-date view of your resources.
Enhanced visibility for informed decision-making: Provides comprehensive visibility into cloud resources, facilitating better, more informed decisions.
Streamlined connection and deployment: Choose from SaaS deployment or self-hosting deployment for complete control and security, or leverage Platform APIs.

Cloudsaver’s Patented Tagging Technology

To fully appreciate the capabilities of the Cloudsaver Platform, it’s important to explore its patented tagging technology.

Tagging Technology Overview

Cloudsaver’s patented tagging technology provides real-time, native resource visibility and tagging of resource metadata. This innovative approach offers several key features:

Real-time, native resource visibility: Offers immediate insights into cloud resources, enabling full FinOps functionality, including 100% complete cost allocation, near real-time cost showback, and advanced AI cost forecasting.
Tagging of resource metadata: Ensures accurate tracking and management of resource data, essential for comprehensive cloud oversight.
Tags travel with resources: Unlike virtual tags, COSMIC™ tags are inherent to the resources and persist across different applications, ensuring consistent tracking and management.

Benefits

Cloudsaver users benefit significantly from this patented tagging technology:

Improved resource management and accountability: Enhances the ability to manage and track resources, ensuring optimal utilization and accountability.
Ability to automatically tag past and future invoice costs: Streamlines the process of cost tagging and allocation, making financial management more efficient.
Feeding data into FinOps processes: Supports FinOps by providing accurate data for financial operations, ensuring that all costs are accounted for, facilitating prompt cost reconciliation and reporting allowing for immediate financial insights.

FinOps FOCUS™

Understanding another core component of the Cloudsaver Platform requires a look at FinOps FOCUS™.

Definition and Purpose

FinOps FOCUS™, or FinOps Cost and Usage Specification, is an open standard driven by the FinOps Foundation. It aims to normalize cost and usage data across various cloud providers and vendors, fostering consistency and reliability in financial reporting.

Importance of Cost and Usage Normalization

The normalization of cost and usage data is crucial for effective cloud financial management:

Consistent and accurate financial reporting: Standardized data enables reliable financial reports, providing a clear picture of cloud expenditures.
Enhanced decision-making capabilities: Facilitates more informed financial management decisions by providing accurate and comparable data.

Implementation within Cloudsaver

FinOps FOCUS™ is seamlessly integrated into the Cloudsaver Platform, enhancing its financial management capabilities:

Integration with major cloud providers and vendors: Ensures seamless data exchange and integration, allowing for comprehensive cost tracking and reporting.
Impact on cost allocation and financial transparency: Improves cost allocation accuracy and financial transparency, making it easier to manage and optimize cloud expenses.

The Trifecta: Cloudsaver COSMIC™, Patented Tagging and FinOps FOCUS™

The synergy between COSMIC™, Cloudsaver’s tagging technology, and FinOps FOCUS™ is what truly sets the Cloudsaver Platform apart.

Synergy Between the Three Core Technologies

The combination of COSMIC™, Cloudsaver’s tagging technology, and FinOps FOCUS™ creates a powerful suite of tools that work together seamlessly and form the fabric by which the Cloudsaver Platform fosters extraordinary performance:

How they work together: These technologies integrate to provide comprehensive cloud financial management, offering a unified approach to resource and cost management.
Contribution to revolutionary FinOps capabilities: Enable advanced financial operations and management, transforming how cloud financial management is conducted.

Key Features Enabled by This Trifecta

This powerful trifecta enables several key features that redefine cloud financial management:

100% cost allocation: Ensures precise and complete cost allocation, providing clear financial accountability.
Near-real-time showback reconciliation: Daily automated showback reconciliation allows for immediate cost reconciliation, enabling daily showback reports and ensuring up-to-date financial reporting.
Automated tagging of costs and resources: Facilitates efficient and accurate cost tagging, simplifying financial processes.
Drive multi-functional capabilities: With complete and automated tagging in real-time and within the native environment, metadata empowers functions beyond FinOps, such as security, DevOps, risk management, and compliance.

Conclusion

The Cloudsaver Platform, powered by COSMIC™, patented tagging technology, and FinOps FOCUS™, represents a significant advancement in cloud financial management. These technologies offer a synergistic approach that enhances visibility, accuracy, and efficiency, ultimately transforming how cloud MSPs and enterprises manage their cloud resources and finances. Embrace the future of cloud financial management with Cloudsaver and experience the unparalleled benefits of this innovative platform.

Want to see the future of FinOps? Schedule a Demo Now!

About the Author

Frank York
Senior Content Writer, CloudSaver

FEATURE	BENEFIT
Tag Automation & Batch Tag Processing	Employ powerful automation to quickly and accurately tag cloud resources minimizing manual tasks and saving valuable time and effort. Reduce security vulnerabilities and human errors with accurate and swift tagging.
Real-time, Native Cloud Sync	Tag changes are reflected in real-time in native cloud service provider environments. Data is timely and accurate and can be leveraged with additional CloudSaver and third-party tools.
Tag Explorer Query Engine	Utilize our patented filtering and search technology for rapid and efficient location of client data across resources, zones, accounts, and service providers. This capability drastically reduces mean-time-to-resolution by quickly identifying key cloud data. Its deep dive, robust exploration enables you to “find anything.”
Tag Intelligence Dashboards & Tools	Benefit from a guided tag health experience that automatically delivers valuable insights without the need for customized reports or dashboards. These insights cover both your entire tag environment and also specific categories.
Customizable Dashboards	Create customized dashboards to display data according to your specific needs, offering real-time visibility into cloud resources, tags and spend. Obtain timely, accurate, and relevant data for insightful analysis and to identify tagging gaps.
Efficient Tag Remediation	Benefit from suggested, spell-checked tag keys and values – detect and batch merge tag variations.
Legacy Tagging Solutions	Retroactively tag or modify tags on existing legacy resources during cloud migration, either individually or in bulk and eliminate time-consuming manual efforts for smooth integration into your cloud environment.
Multi-Tenant & Multi-Cloud	Manage every cloud data set from a single screen across resources, zones, accounts, and cloud service providers (AWS and Azure).
Tag Policy Compliance Monitoring	Ingest tag policies from native cloud environments to ensure consistent tag syntax and taxonomy.
User Role & Permission Console	Enhance security with Identity and Access Management features contained in the permissions assigned through tagging.
Configuration Management Database (CMDB) Integration	The CloudSaver platform seamlessly incorporates CMDB data related to known cloud infrastructure, offering precise control, efficient tagging, and enhanced visibility by viewing, filtering, and sorting cloud resources based on CMDB data.