The new features help IT professionals identify and implement cost optimization opportunities pertaining to the use of their cloud infrastructure and applications
Vega Cloud, the cloud financial management software company, announces a major new release of its FinOps platform for large enterprises. The SaaS-based system, which is designed for companies that spend tens of millions of dollars a year on cloud infrastructure and applications, now includes a benchmark scoring feature to help companies understand which applications are performing optimally, and a gamification feature to incentivize internal IT teams to optimize their use of cloud resources.
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In related news, Vega Cloud announces that Willy Sennott, EVP of FinOps at Vega Cloud, has joined the Governing Board of the FinOps Foundation, which is holding its annual conference this week in San Diego. In this role, Sennott will share his expertise and experience with the broader FinOps practitioner community.
Enterprise FinOps Platform
Vega Cloud’s FinOps platform has been in-market since 2019 and is being used by large enterprises across vertical markets to save an average of 22% per year on their cloud spend. The full-function platform is built through the FinOps lifecycle to empower teams — from engineering to procurement — to connect, manage, automate and optimize multi-cloud environments and reduce cloud spend across the enterprise. Companies can get up-and-running in minutes and Vega Cloud guarantees 10% minimum savings.
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Vega Cloud estimates that companies will waste over $500 billion on cloud infrastructure between now and 2030. This stems from a tendency companies have to over-provision their infrastructure and the complex nature of cloud environments, which makes it hard for IT pros to see how their infrastructure is being used. Vega Cloud is addressing these issues with the launch of the new infrastructure and application benchmarking and gamification features.
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