Cloud Financial Management
Cloud financial management refers to the practices and tools used to monitor, analyze, and optimize the costs associated with cloud computing services. It involves tracking expenses, allocating costs to different departments or projects, optimizing resource usage, and making informed decisions to maximize the value of cloud investments while controlling costs.
Features
- Cost Optimization
- Budget Control
- Forecasting
- Resource Allocation
- Business Agility
- Governance and Compliance
Benefits
- Optimize resource usage, eliminate waste, and reduce unnecessary spending.
- Promotes transparency and accountability in resource usage.
- Helps in financial planning and decision-making.
- Identify opportunities to optimize performance while minimizing costs.
Pricing
£650 a unit a day
- Education pricing available
Service documents
Request an accessible format
Framework
G-Cloud 14
Service ID
5 5 5 7 6 1 4 1 1 4 0 8 7 6 8
Contact
IOCO SOLUTIONS LIMITED
Mick Morey
Telephone: 0118 206 2938
Email: michael.morey@ioco.tech
Planning
- Planning service
- Yes
- How the planning service works
- A Cloud Cost Management assessment involves evaluating an organization's practices related to managing costs in the cloud. This assessment includes a review of cost optimization strategies, budgeting processes, resource allocation practices, governance policies, and tools used for cost monitoring and analysis. Its aim is to provide insights into how efficiently the organization is managing its cloud costs and to recommend strategies for optimizing costs, enhancing financial visibility, and improving overall cost efficiency in cloud operations.
- Planning service works with specific services
- No
Training
- Training service provided
- No
Setup and migration
- Setup or migration service available
- Yes
- How the setup or migration service works
- Cloud Cost Management supports migrations by providing cost estimation, optimization recommendations, migration planning, real-time monitoring, and post-migration optimization. It ensures that migrations are both technically successful and financially optimized, maximizing cost savings and return on investment.
- Setup or migration service is for specific cloud services
- No
Quality assurance and performance testing
- Quality assurance and performance testing service
- No
Security testing
- Security services
- No
Ongoing support
- Ongoing support service
- No
Service scope
- Service constraints
- Scope and constraints to be identified and agreed at service inception.
User support
- Email or online ticketing support
- Email or online ticketing
- Support response times
-
Severity 1 (Critical Service Incident) - Within 30 mins
Severity 2 (Critical Service Incident) - Within 1 hour
Severity 3 (Non-Critical Service Incident) - Within 4 business hours Severity 4 (Minor Support Request) - Within 4 business hours - User can manage status and priority of support tickets
- Yes
- Online ticketing support accessibility
- None or don’t know
- Phone support
- Yes
- Phone support availability
- 9 to 5 (UK time), Monday to Friday
- Web chat support
- No
- Support levels
- We provide a service desk to log incidents and support requests. Calls are prioritised based on severity and assigned accordingly. 4 Levels of severity is classified. The service included 3 levels of support engineers based on skill level (i.e 1st , 2nd and 3 rd level support ) as well as a vendor escalation process. We provide a client account manager and a cloud architect, as well as Service delivery manager where appropriate.
Resellers
- Supplier type
- Not a reseller
Staff security
- Staff security clearance
- Conforms to BS7858:2019
- Government security clearance
- Up to Baseline Personnel Security Standard (BPSS)
Standards and certifications
- ISO/IEC 27001 certification
- No
- ISO 28000:2007 certification
- No
- CSA STAR certification
- No
- PCI certification
- No
- Cyber essentials
- Yes
- Cyber essentials plus
- No
- Other security certifications
- No
Social Value
- Social Value
-
Social Value
Fighting climate changeFighting climate change
Cloud financial management contributes to fighting climate change by optimizing resource usage, reducing waste, and promoting energy efficiency in cloud operations. By monitoring and analyzing cloud costs, organizations can identify opportunities to minimize energy consumption, reduce carbon emissions, and adopt sustainable practices. This helps in aligning cloud investments with environmental goals, ultimately contributing to a more sustainable and eco-friendly IT infrastructure.
Pricing
- Price
- £650 a unit a day
- Discount for educational organisations
- Yes