Struggling with cloud costs? How augmented FinOps talent turbocharges transformation

Cloud computing is one of the most widely used technological solutions by companies worldwide due to its functionality and low costs, but what happens when growth is so great that it simply exceeds the budget? Well, this is a problem that a FinOps team can solve.

The term may sound strange, as it isn’t something that has much time in the technology world. When we say FinOps, we are referring to an engineering practice where a company’s finance and technology teams come together to manage cloud spending and optimize its operation, with informed, data-driven decision-making to maximize the business value of the infrastructure.

The FinOps model operates on four principles:

• Collaboration: The active collaboration of finance, engineering, and business teams is requested to comprehend and control cloud spending.
• Visibility: Tools and processes are used to gain a clear sight of cloud costs and usage.
• Optimization: Teams analyze data to search for ways to optimize costs, improve productivity, and take advantage of the best value the cloud offers to the company.
• Accountability: Financial accountability culture is developed wherein each team understands its role in managing cloud spending.

This service has only grown in popularity in recent years, according to a report from the FinOps Foundation, which found that by 2025, 51% of companies in the banking industry worldwide were partially or fully implementing it.

How to hire an IT Staff Augmentation service specializing in FinOps?

This question seems to have a simple answer, right? Find the candidate, or candidates, who best fit the role and have the required knowledge, interview them, approve them, and add them to the company’s payroll. That’s it. Yes, but there’s a better way.

The IT Staff Augmentation service allows you to have a team, or just one specialist, working for a company on a specific project without the costs of adding them to the payroll, only paying for the specific hours worked within the established project duration.

To hire this type of service, you must follow the basic steps:

1. Find the right agency, one that adapts to the project’s needs and has the right culture. This can be offshore or nearshore; this will all depend on your company’s internal culture.
2. Evaluate the projects, be sure to review their portfolio and testimonials from other clients to determine if they have the necessary FinOps knowledge and experience.
3. Schedule a consulting meeting to define the project’s objectives, merge with the internal finance team, and assess how the cloud performs: functionalities, data and hosted systems, and scalability needs.

Benefits of FinOps for the Cloud

Recent studies reveal that up to 27% of cloud spending is wasted due to misconfigurations, idle resources, and poor governance. To address this, FinOps adoption is rapidly expanding: 51% of organizations already have a dedicated FinOps team, and another 20% plan to establish one by 2025. 

However, the growing complexity of cloud ecosystems continues to challenge cost management: with 89% of companies operating in multi-cloud environments and a 41% surge in AI/ML workloads, unpredictable expenses are becoming increasingly difficult to control without a structured financial operations strategy.

Spending Control and Visibility

FinOps empowers companies to instantly understand how, where, and why capital is being invested in cloud infrastructure. Through constant monitoring and accurate allocation of expenses by utility, initiative, or area, complete clarity of usage is achieved, eliminating unnoticed or difficult-to-track expenditures. This transforms the cloud, which used to be an “uncertain variable expenditure,” into a manageable and projected economic framework.

Continuous Cost Optimization

One of the greatest advantages of FinOps is the steady reduction of wasteful expenditure. Through practices such as right-sizing, eliminating inactive assets, leveraging reserved instances or savings programs, and automating off-hours deactivation policies, companies achieve savings ranging from 20% to 40% on their cloud accounts, without impacting performance or operations.

Shared Financial Responsibility

FinOps fosters a collaborative environment between engineering, operations, and finance teams. Each team begins to be accountable for its own expenses, incorporating a mindset where each team cares about the other’s spending. This leads to a more thoughtful relationship with cloud use: technical choices are made with money in mind, and financial decisions are supported by concrete technical data.

Improved Decision-Making

With FinOps, you’ll have access to comprehensive reports, dashboards, and key data that make it easier to make important decisions.

For example:

• Selecting the region or service that best suits your budget to deploy workloads.
• Analyzing whether it’s worth investing in new cloud projects.
• Modifying budgets on the fly based on current spending.

This enables agile and informed financial management, based on facts rather than preconceived ideas.

Financial and Technical Scalability

As businesses expand in the cloud and the need for scalability increases, FinOps ensures that expenses increase in line with the benefits generated. It prevents “runaway costs” and enables infrastructure development with firm financial oversight, thus protecting business profits.

It also simplifies future planning by providing usage estimates and cost simulations for different growth possibilities.

Automation and Operational Efficiency

The FinOps strategy encourages the automation of financial management in the cloud through utilities and programs that independently regulate spending:

• Instant budget notifications.
• Automatic rules for shutting down or reducing capacity.
• Smart suggestions for savings.

This reduces hands-on work and increases operational speed.

Strategic Alignment between Business and Technology

Finally, FinOps unites two historically separate worlds: finance and technology. By integrating cost metrics with performance and value metrics, organizations gain a holistic view of the economic impact of their technical decisions, strengthening alignment between business objectives and cloud strategy.

Hiring an IT Staff Augmentation agency with FinOps experience is key to scaling your cloud solution, keeping it optimized, and adapting to new market trends and features.

Trust one with the experience, knowledge, certified engineers, and the culture to always stay focused on the project and bring it to a successful conclusion for both parties.