Apptio : Create cost visibility to support Finastra ’ s agility and innovation goals
Mallory Beaudreau , Customer Portfolio Director ( EMEA ), Apptio , discusses Finastra ’ s migration to the cloud for greater visibility with the help of Apptio
Offering a suite of software platforms for every aspect of IT financial management , Apptio provides actionable insights to connect technology investment decisions for better business outcomes .
Finastra has been using Azure as part of their own digital transformation journey for some time , but in July 2020 , the company announced a strategic partnership with Microsoft Azure to accelerate their own roadmap and support the needs of their customers . “ They chose Azure because it provided them with flexibility and scale ,” says Beaudreau .
“ Azure had advanced technology solutions that meant Finastra could deliver mission-critical solutions to their own customers . Now , one of the results of that strategic partnership was that in March of 2021 , Finastra migrated its entire core platform , called Fusion Phoenix , over to Microsoft Azure . But every migration does come with its own challenges . For Finastra , the ramp-up in Azure spend created cost , visibility and allocation challenges .
“ This is very normal for an organisation that sees a large scale-up in their cloud usage . On one hand , the benefit of cloud usage is that each product team has the flexibility to choose the resources that best suit their workload . But the challenge that comes with that flexibility is there are literally thousands of choices available and the central finance team loses control over which resources those teams will choose . Those choices have significant cost implications for the organisation . And so , waiting for a monthly invoice isn ’ t an option anymore in a cloudfirst world ,” says Beaudreau .
With Finastra struggling to gain that real-time visibility into their spend , making it harder to understand the value of that cloud investment , Finastra looked to Apptio to help make sense of the complexity . “ When organisations like Finastra start to spend significantly on cloud , it is normal to turn to a third-party data platform to support their organisations ’ complexities and also to help you with best practices . So Finastra partnered with Apptio and leveraged its Cloudability platform for cloud cost management . Now , right out of the box , teams at Finastra got access to real-time spend data .”
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