Sixth Pillar - Manage your cloud financial
With the adoption of the cloud, Technology teams can innovate faster due to decreased approval, procurement and infrastructure deployment cycles. Finance organizations also eliminate the cost of failure since they are always a few UI clicks or API calls away from terminating cloud resources. Technology teams are no longer just builders but operators and owners of their products. They are responsible for most activities historically associated with Finance and Operations teams, including procurement and deployment.
Cloud Financial Management (CFM) enables Finance, Product, Technology and Business organizations to manage, optimize and plan costs as they grow their usage and scale on AWS. The primary goal of CFM is to enable customers to achieve their business outcomes in the most cost-efficient manner. Accelerate economic and business value creation while balancing agility and control. CFM has the following four pillars to manage and save costs...
