Spot by NetApp achieves FinOps certification & unveils updates

Spot by NetApp has attained the FinOps Certified Platform certification from the FinOps Foundation, a move that substantiates the platform's comprehensive capabilities in cloud financial management.

This certification coincides with the general availability of two new solutions, Cost Intelligence and Billing Engine, which further enhance Spot by NetApp's portfolio.

As enterprises in Australia and New Zealand continue to transition their workloads to the cloud, the challenge of balancing infrastructure needs with financial efficiency becomes more pressing. Mike Fuller, CTO of the FinOps Foundation, highlighted the importance of collaboration between teams and access to financial and cloud operations data. "A thoughtful and comprehensive approach to FinOps helps organisations maximise the business value of the cloud so they can more easily achieve their business goals. We recognise Spot by NetApp as a FinOps Certified Platform due to its ability to deliver software that helps organisations successfully adopt FinOps practices," he said.

Spot by NetApp has integrated Cloudcheckr's cloud cost management capabilities into its portfolio, introducing Cost Intelligence and Billing Engine. Cost Intelligence offers extensive visibility with actionable insights on cloud costs, resources, and usage across multi-cloud environments. It includes best practice checks that flag potential problems, helping users optimise spend and reduce waste.

The Billing Engine solution provides comprehensive billing reporting with intelligent cost allocation capabilities such as chargeback and showback. This product enables businesses to track and manage cloud spend across different groups, enhancing accountability and financial management.

By achieving the FinOps Certified Platform certification, Spot by NetApp aims to support organisations in adopting sound cloud financial management practices. Haiyan Song, Executive Vice President of Cloud Operations at NetApp, commented on the significance of this milestone. "The expansion of our integrated FinOps offering and becoming a FinOps Certified Platform is a true validation of Spot by NetApp's vision and approach to leveraging data and technology to help customers get the most from their cloud investments," she said.

Song also underscored the continuous innovation of Spot by NetApp's solutions. "Our comprehensive and integrated portfolio spans financial management and continuous cloud infrastructure optimisation. We continue to innovate and evolve our cutting-edge AI-powered solutions, harnessing the intelligence from the vast workloads and infrastructure under management by Spot by NetApp to provide critical insights in FinOps management and enable autoscaling and continuous optimisation. Expanding our FinOps offerings with Cost Intelligence and Billing Engine is another step forward in our ongoing mission to support our customers and unlock more value from the cloud," she said.

The release of Cost Intelligence and Billing Engine, combined with the FinOps Certified Platform certification, positions Spot by NetApp to offer a robust suite of tools for managing cloud costs and optimising financial operations. These enhancements aim to help organisations maximise the value of their cloud investments while ensuring efficient and effective use of resources.