FinOps and Cloud Cost: Why IT and Finance Must Collaborate Now

FinOps and Cloud Cost: Why IT and Finance Must Collaborate Now

Learn how FinOps is bridging IT and finance to optimize cloud costs. Explore insights from Zesty on automation, collaboration, and cost-saving strategies.

Sep 24, 2024
3 minute read
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As businesses embraced remote work and flexible technology solutions during and immediately after the height of the COVID-19 pandemic, many purchased cloud infrastructure and other services without much thought for the future.

Now, though, that future has arrived, and organizations need to shave excess off their budgets without weakening their technology infrastructure or creating inefficient workflows. Enter FinOps, a new approach that aims to foster collaboration between the often disparate finance, IT, and operations teams.

FinOps necessity a sign of the maturity of the market, according to tech evangelist

Aviram Levy, tech evangelist at Zesty, a platform vendor that automates FinOps research and analysis, has spent the last several years of his career facilitating complex conversations around cloud spend and how organizations can optimize without sacrifice.

“This isn’t just a buzzword, this is a real need for businesses everywhere,” Levy said. “I’ve never really met someone who doesn’t want to save money.”

So why doesn’t every organization have an optimized stack? Levy said the issues lie in creating a shared understanding.

“The one thing everyone has in common is that no one on these teams share the same language,” Levy said, referring to the fact that IT, finance and operations professionals have different subject expertise and often do not understand each other’s work. “But really, technology should be one shared effort. FinOps creates a shared language.”

Before joining the Zesty team to address AWS environment spend, Levy worked at AWS as a technical account manager where he addressed businesses’ needs and budgetary constraints. Now, he works with Zesty to bring those conversations to fruition faster through automated, tailored insights.

Zesty embraces automation roots and layers in actionable insights and recommendations

The Zesty platform offers users “AI-driven offerings for compute, database, storage, and containers,” according to its website, and its Cloud Services for MSPs offering takes its enterprise platform and gives solution providers the ability to view all of their clients through one experience.

“Zesty was born as an automation platform, and that will always be true,” Levy said. But now, the team has also developed visibility and recommendation capabilities within the platform to provide “one singular place that shows opportunity” across consumption and spend within several AWS products.

“We aren’t targeting finance teams, we are focused on opportunities specific to developers and the technical deployment,” Levy said. “But this insight, and the visibility we show with the recommendations that come from that, that helps all teams achieve their KPIs and goals.”

Looking forward, Levy sees AI and LLM spending as the eventual next opportunity for optimization, though the cloud remains his top priority as he and the Zesty team continue to innovate within their platform.

To learn more about Zesty and the platform offering for MSPs, contact the team or dig into their partner resources.

FinOps platforms are growing in popularity and demand, especially within the channel. Channel Insider has previously covered cloud cost optimization and EPM tools.

Victoria Durgin

Victoria Durgin is a technology communications professional and editorial leader specializing in channel technology, cloud marketplaces, managed service providers (MSPs), technology distribution, and partner ecosystems. As Managing Editor of Channel Insider, she oversees editorial strategy and content development focused on helping technology vendors, solution providers, and channel partners navigate an evolving IT landscape. With nearly a decade of experience spanning technology journalism, corporate communications, content strategy, and digital publishing, Victoria has developed deep expertise in the business side of technology. Her work includes creating executive thought leadership content, industry analysis, case studies, and channel-focused reporting that helps organizations better understand market trends, partner relationships, and technology buying decisions. Before leading Channel Insider, Victoria built experience across local journalism, business reporting, social media communications, and corporate marketing. She has worked closely with technology vendors, cloud providers, and managed service organizations to develop content that highlights industry innovation, business growth strategies, and successful channel partnerships. Her portfolio includes case studies featuring mid-sized MSPs across the United States, Canada, and Australia. Victoria's work has appeared in Channel Insider, The Valley Ledger, and Medium. She holds a Bachelor of Arts in Communications and Environmental Studies from Susquehanna University. Through her reporting and editorial leadership, she helps technology professionals stay informed about the trends, challenges, and opportunities shaping the global IT channel.

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