Why does Rapid Cost Optimisation matter?
Our customers are facing a multitude of challenges during the COVID-19 Crisis. With liquidity becoming paramount and all operating expenses (OPEX) are under scrutiny by finance departments, a new cost consciousness has entered the world of digital platforms. With our clients, we see that traditional cost management is mastered very well. Nevertheless, transparency gaps open up in the space of cloud platform operations.
Common business challenges
Lack of invoice context
Allocating cloud invoice line items to their actual origin and reason.
Identifying unused services
Identifying shadow IT and unused cloud services.
Cost vs. Performance
Managing the balance between cloud operating cost and digital platform performance.
Our approach: first cost transparency – then cost optimisation.
What you get
We know that unreflected cost reductions can endanger the technical performance of digital platforms. For transactional platforms, this can result in lost revenue or even displeased customers. This is why our Financial Transparency Check for digital platforms includes both perspectives; financial and technical:
Benefits
Transparency
Gain transparency to avoid unnecessary high costs that directly affect the bottom line of every business.
Upfront “post-mortem”
Our approach helps organisations to do an upfront “post-mortem” to gain control of their cloud related spendings and help to systemically and continuously deal with hidden spendings.
Quick Wins
Quick wins can be realised within days or a few weeks and a company wide awareness and management approach can be implemented.
Looking beyond transparency
Gaining transparency and short-term cost optimization are the first steps in the journey towards a combined view of financials and operations in a cloud context – also known as FinOps. For long-term success, cloud governance should be automated using tools and rules for the financial side in the same way it is done for technical operations.
In businesses where cloud operating costs are a major part of the product cost (e.g. highly-scaling businesses), business models can be re-shaped as the exact drivers of cost get visible and charging mechanisms can be adjusted accordingly. Lastly, a close collaboration between finance and technical operations teams triggers a change in the organizational habits and helps to break down silos.
Why Mindcurv?
Our customers’ platforms seamlessly scaled up by a factor of 10 during the COVID-19 crisis.
10+ years
of experience in stabilising and operating digital platforms that are critical for businesses
>2,5bn €
is generated from the platforms we run
>3m
IoT devices are connected and served by us
Want to rethink your digital business?
How can we help you?
Rapid Solutions
To help you with your immediate challenges we have developed a holistic set of processes and tools that are flexible enough for your individual needs.