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The ability to predict, monitor, report and respond enables businesses to maximize the business value of their cloud infrastructure
BELLEVUE, Wash .– (BUSINESS WIRE)-CoreStack, a global multi-cloud management provider that empowers enterprises to unleash the power of the cloud by enabling seamless and autonomous management in cloud in size, today announced the enriched Multi-Cloud Budget Management capability in its FinOps module to help businesses maximize the business value of their cloud infrastructure. This capability allows businesses to accurately predict and manage cloud expenditures, even for workloads spread across multiple clouds, ultimately allowing them to improve the bottom of their journey. digital transformation.
CoreStack FinOps offers granular visibility into costs and enhances financial predictability. At a high level, CoreStack’s Multi-Cloud Budget Management feature consists of six components:
- Forecast: Provides an efficient forecasting model that generates predictive models based on historical billing, pattern, and seasonality data
- Configure: Allows customers to configure a reasonable budget for their workloads, based on historical cloud spend trends
- Monitor: Offers the ability to set, reset and track budgets periodically at multiple levels of granularity and scope
- Report: Allows smart reporting to continuously report actual costs against predicted data
- Insights: Demonstrates actionable insights to configure budgets or take actions to stay within budget
- Reply: Generates automated response through passive and proactive action, on demand or through ITSM tools, when budgets are at risk
With the Budget Management feature, businesses can set, track, and organize budgets at the organizational, business unit or cost center level with complete control. Users can define granular thresholds for each budget and continuously monitor spending activity against these thresholds. When a threshold is violated, pre -set remediation actions are encouraged, such as alerts, notifications and may even prevent further violation.
“The enhanced Multi-Cloud Budget Management capability in CoreStack’s FinOps module helps businesses strengthen financial decision making and improve financial predictability, while giving them peace of mind that their costs the cloud is closely monitored at every possible level, whether for multiple accounts in a single cloud, or in a multi-cloud environment, ”said Krishna Kummar Aadiseshon, Product Manager at CoreStack.“ What differentiates us is the extent and depth of our product, which goes beyond providing cost and budget visibility, to also show its impact on FinOps, SecOps, and CloudOps. ”
The CoreStack FinOps solution helps provide multiple value -adding capabilities:
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Extended integration capabilities, enabling multi-dimension cost visibility
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Strict bi-directional integration with ITSM and tracking tools such as ServiceNow and Jira, enabling cost limit violation notification, budget notification and cost anomaly notification
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Customizable for multi-dimensional reports, such as daily, monthly cloud spend, usage, inventory, tags, region, resource type, aggregate billing report and custom chargebacks
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Recommendations on the right size for workloads to encourage improvements and cost savings
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Flexible and dynamic future -ready roadmap that responds to customer needs
More information about CoreStack can be found at corestack.io.
About CoreStack
CoreStack is a next-gen cloud business accelerator that empowers enterprises to predict to increase top-line revenues, improve bottom-line efficiencies, and gain a competitive edge through AI-powered real-time cloud management on autopilot. CoreStack’s FinOps, SecOps and CloudOps solutions cover, enhance, and expand native-cloud, enable reporting, recommendation, remediation and provide single pane-of-glass multi-cloud management. Through executive dashboards for comprehensive real-time insights, CoreStack delivers value change such as a 40% increase in operational efficiencies, a 50% reduction in cloud costs, and 100% assurance and security compliance. CoreStack helps 300+ global businesses manage $ 1+ billion in annual cloud usage. Frost & Sullivan, Gartner and IDC have recognized CoreStack as an innovator and leader in cloud management. CoreStack is supported by strategic advisors, including the former CEO of Wipro and ex-CIO of Microsoft. The company is a Microsoft Azure Gold Partner, Amazon AWS Advanced Technology Competency Partner, and Google Cloud Build Partner. To learn more, visit www.corestack.io
Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20220330005402/en/
Bala Vishwanath
Chief Marketing Officer, CoreStack
[email protected]
Source: CoreStack