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EVERY NOW AND THEN: Value of Financial Reporting, Tracking, and Forecasting
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HOW DO YOU KEEP TRACK OF YOUR SPENDING?
Following the theme of starting your FinOps year right, Nick and Jason’s conversation today is about operational-level financial reporting and how it can help manage and optimize cloud spending. Jason mentions that forecasting and trending are important to understand where one's spending is currently at and where it is projected to go. He also stresses the importance of tracking spending in the context of the business, so that potential budget issues can be caught and addressed early on. Find out more in this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
JASON: IMPORTANCE OF FINANCIAL REPORTING TO OPERATIONS
“It's one thing to know that your spend is going to exceed your budget, or what you thought it was going to be. But it's another thing to know why, you know, you need to be at least armed with the data at hand to be able to lead you down the path of where that potentially is.”
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