Drive new revenue and growth

The costs associated with cloud services are on the rise, prompting Managed Service Providers (MSPs) to seek effective strategies for assisting their clients. As an MSP, not only do you manage cloud infrastructure, but you also play a crucial role in helping clients control their cloud-related expenses.

This is where FinOps (Cloud Financial Operations) comes into play. It’s not merely about slashing costs; instead, it focuses on optimising cloud spending and enhancing the ability to predict future expenses. By offering FinOps, you can transform your relationship with clients into a more engaged partnership, unlocking new revenue opportunities and positioning yourself as a ‘game-changer’ in the market.

In this blog post, we’ll explore the compelling reasons to adopt FinOps, its key benefits, and how Turbo360 facilitates a streamlined FinOps service for your customers.

Why Should You Provide FinOps?

1. Clients are Actively Seeking Cost Reductions

As clients increasingly adopt cloud solutions, their utilisation—and associated costs—has surged. Gaining better financial control is paramount for your clients. By implementing FinOps, you can help them achieve this essential management, transforming what was once a value-added service into a standard offering.

2. Strengthen Relationships with Clients

Simple infrastructure management can make you seem interchangeable to your clients. By assisting them in waste elimination and effective budget management, you elevate your role from a basic vendor to a vital partner.

3. Unlock New Revenue Streams for Your MSP

Think of package FinOps services as supplementary or integrated offerings, which can substantially boost your revenue. Instead of merely managing infrastructure, you can monetise cloud cost optimisation as a distinct, high-value service.

4. Simplified Compliance and Governance

Your clients require cost transparency to adhere to both internal policies and external regulations. By offering FinOps services, you support their financial accountability, helping to prevent unexpected cloud bills.

Key Benefits of Azure FinOps for MSPs

1. Enhanced Visibility with Cost Reports

Through FinOps, your clients can maintain clarity regarding their expenditures, ensuring they are aware of exactly where their funds are directed—no more shock bills! This enables them to view their cloud costs in real-time.

2. Advanced Cost Optimisation

Utilising intelligent spending monitoring, you can detect waste, idle resources, and potential savings through automation, alleviating the need for tedious manual data analysis.

3. Real-Time Expense Monitoring

Waiting for a staggering bill to come in makes you reactive. FinOps encourages proactive monitoring, allowing you to address issues before they escalate into problems.

4. Streamlined Budgeting and Forecasting

Equip your clients with the tools necessary to predict their spending through cloud cost analytics and set appropriate limits. Predictive analytics empowers them to formulate budgets, making expenses far more predictable.

5. Effortless Chargeback and Showback

With FinOps, businesses can meticulously track costs down to the finest detail.

How Turbo360 Assists You in Scaling FinOps

Like many MSPs, you might be searching for a method to deliver, manage, and scale FinOps with ease—Turbo360 is here to assist you. Here’s why Turbo360 stands out:

1. Unified Interface for All Clients

Turbo360’s multi-tenant portal enables administrators to manage FinOps for multiple customers from a single dashboard—eliminating the need to log into different accounts one by one.

2. Instant Alerts for Cost Anomalies

Turbo360 proactively sets alerts for any unusual spending spikes or the presence of unused resources, ensuring that month-end bill surprises are a thing of the past.

3. Detailed Cost Breakdown

Effortlessly allocate costs by customer, department, environment, and even workload; streamlining chargeback and showback processes.

4. Tailored Right-Sizing Optimisation

Unlike other platforms, Turbo360 offers customised cost-saving suggestions based on real cloud usage patterns, truly adding value to your customers.

5. Cost Markup for Billing

With Turbo360, you can implement markups on cloud costs and design customised pricing models, transforming FinOps into a profit-generating service. Enable self-service dashboards and expedite the onboarding process easily.

Conclusion

As cloud expenses continue to rise, MSPs that overlook FinOps may find themselves lagging behind. Offering FinOps services is not merely a luxury; it’s essential for maintaining competitiveness and nurturing customer relationships.

Turbo360 simplifies the process of scaling FinOps, allowing you to provide real-time cost insights, automate savings, and enhance profitability.

Are you ready to transform FinOps into a revenue-generating asset for your MSP? Book a Turbo360 demo today!