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.
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.
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.
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.
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.
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.
Webinar: Optimize Costs with Multi-Cloud FinOps Platforms
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 Market Share: Worldwide Cloud Cost Transparency Software Market Shares 2021
Learn the top ranked vendors in 2021 market share for managing cloud costs
ISG Names VMware (CloudHealth) a Leader in Multicloud FinOps Platforms
VMware (CloudHealth) is named a leader in the ISG Provider Lens™ Global 2022 Public Cloud Solutions and Services, Multicloud FinOps Platforms.
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".
Latest Resources
Find resources to help your organization learn and mature in the cloud.
How to Deploy a Cloud Center of Excellence: A 2022 Report by Gartner®
In this Gartner Research report, learn how to successfully deploy a cloud center of excellence as a best practice for cloud adoption.
Building a Successful Cloud Financial Management Practice
Learn how to drive a culture of financial accountability across your entire organization
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Cloud Financial Management for CloudHealth Users
Learn how to improve your cloud visibility so you can track consumption, monitor budgets, and perform amortization.
VMware Named A Leader in Cloud Cost Management and Optimization
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.