Our solution (Anodot) and Flexera are two possible options for FinOps in enterprise cloud environments. With over 85% of organizations projected to adopt a cloud-first approach by 2025, finding a partner who can navigate the ever-evolving world of FinOps for cloud success is crucial.
So, which solution actually makes good on their promises? Let’s look at both providers and see whose features truly embrace a FinOps approach in the cloud.
Background of Anodot
We’re a next-generation certified FinOps platform with a holistic and enhanced approach. Utilizing our features like Cloud Cost Management helps FinOps teams reduce cloud waste and manage costs in multi-cloud and Kubernetes environments, with our actionable recommendations, users can save up to 40% on annual cloud spend. Numerous Fortune 500 companies trust Anodot to help slash time to detection and resolution for revenue-critical issues by as much as 80%.
Overview of Anodot’s comprehensive coverage for all FinOps domains
Our platform helps organizations improve their FinOps practices, delivering maximum business value. Unlike other options with limited policies, we offer top-notch FinOps capabilities like a user-friendly interface, policy differentiation, and in-depth data analysis. With us, managing cloud finances is a seamless experience.
- Market-leading cloud cost management: We provide cloud teams with contextual insights into cloud costs and the business impact on spending. Our solution helps companies optimize unit economics and understand how specific units or customers affect cloud metrics like cost, utilization, and performance.
- Simplifying cost allocation: Organizations can accurately map multicloud and Kubernetes spending, allocate shared costs fairly and foster FinOps collaboration across the organization.
- Proprietary ML-based algorithms: With continuous monitoring and deep visibility, you gain the power to align FinOps, DevOps, and Finance teams and cut your cloud bill.
Background of Flexera
Flexera is a legacy IT asset management solution for enterprises with highly complex hybrid environments. Its standard FinOps offering allows users to ingest billing data from major cloud providers. Users can visualize and allocate costs using simple cloud account and cloud tag rules.
Overview of Flexera FinOps Capabilities
Flexera has basic features for users to adopt a FinOps approach to the cloud. However, it lacks usability policy differentiation, advanced data analysis capabilities, and FinOps showback reporting needed for the evolving world of FinOps.
Percentage-based share costs only: Missing other FinOps foundation recommended methods: even split and proportional cost allocation.
Non-native K8s visilbity: Integration with Kubecost (3rd-party solution) is necessary.
Below average anomaly detection: Offers threshold-based anomaly detection, allowing isolation of anomalies by cost center, service, or tag. However, limited to daily and weekly granularity, does not consider concept drift or seasonality.
Breakdown of FinOps features
Our advanced features support FinOps innovators and practitioners. The FinOps Organization alignment is the framework for our platform, offering Chargeback & Finance Integration, FinOps Enablement, FinOps Culture, and FinOps Maturity.
Purpose-built for FinOps success: Our certified FinOps platform optimizes cloud financial management. It provides visibility into KPIs, cost allocation, advanced reporting, savings suggestions, and improves cloud unit economics across major public cloud providers while controlling cloud waste.
Advanced features for MSPs support: Trusted by a rapidly expanding MSP client list as their FinOps partner. MSPs can make strategic procurement and pricing decisions that transform their cloud economics. Simplify and automate internal operations with cost allocation, reporting, billing rules, and credit management.
Market-leading anomaly detection, forecasting, & generative AI: We can generate a 95% accurate one-year forecast with just two months of historical data investments, enabling you to optimize commitment purchases and better negotiate long-term discounts. FYI: Try our new CostGPT, a generative AI FinOps tool for instant insights into cloud cost structure!
While Cloud Ctrl Cost does support all major public cloud providers, it falls short in providing comprehensive insights to support a FinOps cloud environment effectively.
Lack of saving recommendations: In terms of advanced solution, it doesn’t offer instant insights into cloud cost structure, nor is it possible to track the history of recommendations over time.
Limited FinOps outlook: Offers FinOps alignment like culture and enablement but doesn’t offer in-depth features like Chargeback & Finance Integration.
Standard forecasting: Provides summaries of cloud costs, including estimates for the upcoming three months, but lacks details on monthly, quarterly, and annual breakdowns or utilization of a proprietary patented ML algorithm.
Anodot or Flexera: Which one gives the capabilities FinOps practitioners need?
FinOps will keep gaining momentum in enterprise environments when used effectively can reduce cloud costs by as much as 20 to 30 percent.
That’s a solid amount of savings! However, organizations must have the right partner who gets the FinOps game and applies it across their entire platform.
Flexera is like a standard cloud cost platform – it provides the basic tools for a FinOps practice in the cloud. However, if you’re searching for more advanced or updated features to optimize your FinOps approach, Flexera might not have the necessary tools.
However, Anodot is made with FinOps in mind and keeps innovating its features and projects so cloud costs. A partnership with us means you’ll have comprehensive visibility into KPIs and baselines, flexible cost allocation, advanced reporting capabilities, and savings recommendations.
Ready to replace lackluster cloud cost features with automatic, real-time insights with a FinOps approach in mind? Let’s talk!
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