Simplify the process of cost allocation
Accurately map multicloud and Kubernetes spending data, assign shared costs equitably, and report cloud spend to drive FinOps collaboration for your organization
According to the FinOps Foundation, 80–90% of your cloud spend needs to be allocated to its business ownership and function. If you’re like most organizations, your metadata and tagging strategies, and execution are far from perfect, making comprehensive cost allocation extremely challenging.
Cloud resources and their associated spend need to be mapped to business objects and internal identifiers, such as business units, P&L groups, cost centers, and applications. Moreover, cost and usage data must be divisible in many ways without overlap to enable accurate analysis.
Consider the following questions as a starting point:
Full allocation of multicloud costs is critical for understanding your actual cloud services usage, establishing cloud cost ownership, and creating accurate budgets and forecasts at the line of business, project, application and even team levels.
Most cloud cost management tools support some type of filter grouping capability, which combines multiple tags and filters into one category to make cost exploration and allocation possible. The main problem with filter groups is overlapping costs that result in inaccurate reporting.
If two categories can contain the same costs, the total of the two categories will add up to more than 100% of all the costs. This also means that you can’t use categories to identify your unallocated costs.
Allocate 100% of your multicloud costs
With Anodot, FinOps teams can easily classify and divide all of their cloud costs by business structures like apps, teams, and lines of business using business mappings.
Mappings are built from one or more rules that allocate spend to a business dimension using sophisticated and nested evaluation criteria. With each additional mapping, the remaining pool of cloud costs is further divided without overlap.
Split shared cloud costs any way you want
Every organization has shared IT costs that span multiple business departments. Shared costs include:
Identifying and equitably allocating these costs becomes more challenging as businesses and cloud usage grow, and accurately splitting shared costs impacts ownership strategies like showback and chargeback, as well as budgeting, and forecasting.
Anodot business mapping lets you easily split shared costs across multiple business dimensions using FinOps Foundation-endorsed models:
Inform & empower business decisions at all levels
With Anodot business mapping at their fingertips, FinOps teams can increase engineering confidence in cloud spending decisions and improve financial accountability. Using Anodot’s robust cost and usage explorer, Finance and DevOps stakeholders can easily understand and visualize where spend is coming from, track total cloud costs by business dimension over time, identify costs yet to be allocated, drive showback and chargeback processes, and make smart decisions about cloud investments.
