What is Cloud Financial Management?

Cloud Financial Management — sometimes known as FinOps or Cloud Cost Management — is a function that helps align and develop financial goals, drive a cost-conscious culture through best practices, establish guardrails to meet financial targets, and gain greater business efficiencies.

Learn how to build a successful cloud financial management practice.

Fin Ops certified platform logo

Member of the FinOps Foundation

CloudHealth is VMware’s dedicated FinOps solution and First Premier Member of the FinOps Foundation.

Benefits of Cloud Financial Management

Explore all the ways your organization can gain from cloud financial management practices. 

Benefits of Cloud Financial Management

Explore all the ways your organization can gain from cloud financial management practices. 

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Cloud Cost Visibility

With granular visibility into all your cloud environments, understand which departments, teams, projects, or applications are accountable for driving cloud cost and usage. Hold them accountable using chargeback and showback, and track consumption patterns over time to accurately forecast future budgets and reduce miscalculations.

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Optimize Cloud Costs

Quickly identify opportunities to reduce wasted spend with custom rightsizing recommendations built with your workloads in mind and terminate unused assets for greater efficiency. Manage commitment-based discounts (e.g., Reservations and Savings Plans) throughout their lifecycle to maximize savings using CloudHealth’s purchase modeling, optimization, and amortization capabilities. 

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Govern Spending

Ensure lines of business are complying with budget guidelines by proactively alerting stakeholders when cost centers are forecasted to exceed predefined budgets or spending anomalies are detected. Use CloudHealth’s dynamic policy engine to automate cost control measures by building governance policies that monitor your environment for opportunities to reduce wasted spend. 

 

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Financial Accountability

Easily align cloud financial data to strategic business metrics and KPIs such as gross margins and cost of goods sold to establish common goals across your organization. Collaborate on best practices across various teams to standardize operating in the cloud.

Together with CloudHealth, we are producing impressive business results. CloudHealth is a tool that’s very complimentary to FinOps—they can’t exist without one another.
— Jean-Jacques Morris, FinOps Manager, CCoE, Thales DIS

CloudHealth is a Recognized Leader in Financial Management

IDC Worldwide Cloud Cost Transparency Software Market Share, 2020

Learn the top ranked vendors in 2020 market share for managing out-of-control cloud costs

ISG Names CloudHealth a Leader in Multicloud FinOps Platforms

ISG Names CloudHealth a Leader in Multicloud FinOps Platforms

CloudHealth is named a leader in the ISG Provider Lens™ 2021 for Multicloud FinOps Platforms. Download the report to see why. 

Forrester Names VMware A Leader in Cloud Cost Management and Optimization

Forrester Names VMware A Leader in Cloud Cost Management and Optimization

VMware (CloudHealth) was named a leader in The Forrester Wave™: Cloud Cost Management and Optimization, Q3 2022. Learn why the Forrester report states that "VMware's solution is a superior choice for cloud cost management".

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See how CloudHealth by VMware can help your organization accelerate business transformation in the cloud.