FinOps
How to Choose FinOps Tools: Key Features and Criteria
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Reduce costs for EC2, Lambda, and Fargate
Continuously optimize rates with automated Savings Plan and Reserved Instance management without impacting engineering
Hundreds of the world’s largest SaaS companies and service providers trust ProsperOps.
PRODUCT FEATURES
Autonomous Discount Management
ProsperOps automatically creates and manages a portfolio of AWS Convertible Reserved Instances and Compute Savings Plans, to get you the most AWS compute savings while minimizing your commitment risk.
Automatically manages Convertible Reserved Instances to maximize savings while constantly adapting to changes in compute usage
- Flex Convertible RIs are automatically adapted to cover more dynamic usage
Manages AWS Compute Savings Plans for all compute types and regions
- You set the target and ProsperOps automatically adjusts the commitment to your desired state; zero management overhead for you
- ProsperOps fully inherits and manages your legacy AWS commitment portfolio
- Set quarterly prepayment guardrails for RIs and SPs and ProsperOps automatically does the rest
- Configure the Compute Shrink Allowance to absorb future usage drops without becoming overcommitted
- Align Reserved Instance and Savings Plan expirations with your EDP term to reduce platform lock-in
PRODUCT FEATURES
Finance and Accounting Reporting
Not only does ProsperOps save customers money, we provide the tracking and intelligence that finance and accounting teams need to properly allocate savings and close the books.
- Track monthly & lifetime total savings, coverage, utilization, Effective Savings Rate (ESR) and other FinOps metrics
- View Commitment Burndown, Weighted Average Commitment Duration and expiration timelines
- Deep links to AWS Cost Explorer for auditability of savings outcomes
- View costs and savings across regions, resources, service types, and more
- Control how savings benefits are shared among internal units
- Accurate savings allocations by business units, product lines and geographies
- Automatically track changes to the amortization schedules of all prepaid commitments; updated daily
- Proper accounting of cloud spend in the financial statements
Easily aggregate financial results across all AWS organizations for savings, compute spend, commitment coverage, Effective Savings Rate, and more
Platform Essentials
Multi-cloud Optimization
- AWS Compute: Lambda, EC2, Fargate
- AWS RDS, ElastiCache, MemoryDB, Redshift, OpenSearch
- Google Cloud Compute: Compute Engine, GKE, Cloud Run
Secure Technology
- Our system does not access your data or impact engineering
- Lightweight, agentless deployment
- Identity federation (SSO)
- Role-based Access Control (RBAC) and granular custom roles
Results-based
- You don’t pay ProsperOps if we don’t save you money (see Pricing)
- Effective Savings Rate that places you in the top 1-2% of FinOps teams
- Less Commitment Lock-In Risk automatically
How It Works
Data Ingestion
Usage and cost telemetry is passively & securely collected from your cloud environment.
Optimization Algorithms
ProsperBot identifies opportunities to optimally reduce cost and mitigate risk while detecting changes to usage.
FinOps Insights
Built-in visualization helps you easily understand optimization KPIs, such as Effective Savings Rate and Commitment Lock-In Risk, for simplified reporting.
Execution Engine
Multiple commands are prepared and executed automatically via API.
Data Ingestion
Usage and cost telemetry is passively & securely collected from your cloud environment.
Optimization Algorithms
ProsperBot identifies opportunities to optimally reduce cost and mitigate risk while detecting changes to usage.
FinOps Insights
Built-in visualization helps you easily understand optimization KPIs, such as Effective Savings Rate and Commitment Lock-In Risk, for simplified reporting.
Execution Engine
Multiple commands are prepared and executed automatically via API.
See ProsperOps in Action
What customers say about ProsperOps
As a relatively sophisticated user of AWS, we were already well over 90% coverage from RIs and Savings Plans before we started working with ProsperOps. With ProsperOps, we’ve managed to cut our EC2 costs by almost 20% more, and significantly reduce DevOps overhead at the same time.
Matthew J.
Sr. DevOps Engineer
ProsperOps creates time and space for our team to focus on higher priority FinOps capabilities that enable the business to utilize our financial resources more effectively.
Stephen Arthur
Software Engineer, Coinbase
Would highly recommend using ProsperOps. The assessment is free and minimally intrusive. We have been using the service for close to a year now and are saving a substantial amount of AWS costs. Amazing team to work with and set up was easy.
Kyle Hirai
Head of IT&Security, Moveworks
Saves a considerable amount of money automating a mind-numbing task and the pricing is % of savings so it is basically free.
Maurice Butler
CTO, Psychwire
Action-oriented managed service—we set parameters for coverage and risk, and ProsperOps take actions with the best AWS financial instruments to meet our goals. Other platforms just make recommendations vs taking action.
Enterprise Customer
FinOps
Truly a set-and-save solution. Not only did our Effective Savings Rate increase significantly, but the amount of time we spend buying and managing commitments has been reduced substantially.
Eric M.
FinOps Lead
ProsperOps delivers ongoing savings benefits to us, without any work.
Quang L.
DevOps
Frequently Asked Questions
Related Content
Request a Free Savings Analysis
3 out of 4 customers see at least a 50% increase in savings.
Get a deeper understanding of your current cloud spend and savings, and find out how much more you can save with ProsperOps!
- Visualize your savings potential
- Benchmark performance vs. peers
- 10-minute setup, no strings attached
Submit the form to request your free cloud savings analysis.
