February 26, 2025
Top 3 Reasons You Should Implement a Centralized FinOps Team
Top 3 Reasons You Should Implement a Centralized FinOps Team
Are your cloud costs spiraling with no one accountable? A centralized FinOps team could be the solution. Here’s why:
1. Driving Best Practices and Accountability
A centralized FinOps team doesn’t just encourage best practices—it evangelizes and enables them through a shared accountability model. By drawing clear lines of responsibility for cloud-related activities, issues get flagged and fixed fast, with full transparency. For example, Shutterstock cut cloud waste by 20% after centralizing ownership. And don’t worry about bottlenecks—streamlined processes actually speed things up.
2. Optimizing Rate, Commitment, and Discount Strategies
Centralizing your FinOps team unlocks economies of scale for rates, commitments, and discounts. By coordinating purchases like AWS Reserved Instances or Azure commitments, you maximize benefits and keep flexibility as your cloud needs shift. Industry benchmarks show savings up to 30% on such discounts—savings that a scattered approach often misses.
3. Ensuring Data Accessibility and Collaboration
Data is the heart of FinOps, and a centralized team keeps it accessible and timely. They maintain a unified metrics repository, align tools and reports across frameworks, and make data user-friendly for all personas. One client slashed reporting time by 15 hours a week with a centralized data hub—proof that collaboration thrives with the right setup.
Ready to tame your cloud costs and boost teamwork? Let’s chat about how a centralized FinOps team can work for you—reach out today!
Visit us at cloudfinopsgroup.com to learn more.
#CloudFinOps #CloudGovernance #CostOptimization #FinOps
