FinOps Webinar Replay

Discover the Key to Optimizing Your IT Investments

As companies strive to optimize their IT investments, one significant challenge remains: reducing waste. According to Flexera’s State of IT Asset Management report, approximately one-third of enterprise spending on desktop, data center, SaaS, and other "as a Service" infrastructure is wasted. This highlights a critical need for better financial management and visibility in IT.

A lack of transparency and control over IT resources can be incredibly costly for businesses of any size. However, FinOps—a methodology that combines financial management with operational efficiency—has emerged as a powerful solution to these challenges. By integrating FinOps practices with IT management, companies can achieve greater visibility, cost control, and optimization of their technology investments.

Explore FinOps & IT Alignment with Industry Experts

To delve deeper into how FinOps can revolutionize IT spending, BeTechly recently hosted the webinar, "What Do You Gain by Super-Syncing FinOps & IT?" The event featured insights from John Winn, Software Leader at DSS, and Jarod Wright, Digital Technical Specialist at IBM—two industry experts with a wealth of knowledge in financial optimization and IT management.

Watch the full discussion here, where they share valuable strategies for aligning IT and financial operations to drive efficiency and reduce costs.

Is Your Company Leveraging Automation and Optimization?

For our registration poll, we surveyed executives on their priorities for automation and optimization over the next 12 months. The results were eye-opening:

• 24% of respondents identified improving technology budgeting and collaboration as a key goal, highlighting a focus on streamlining financial processes within IT.
• 24% also prioritized enhancing application performance, emphasizing the importance of not just financial management but also technical excellence in their optimization strategies.
• Surprisingly, only 3% of respondents listed eliminating technical budgeting waste as a priority—revealing a significant gap in awareness and action toward reducing inefficiencies.

When asked about specific areas for resource planning or optimization, executives split their focus evenly between IT/tech spend and operations, with each category receiving 36% of the responses. This indicates a strong recognition of the need to optimize not only financial spend but also operational workflows.

Key Insights from Our Peer Poll

During the live event, participants shared their top concerns through our Peer Poll, highlighting the challenges and opportunities within IT financial management:

1. Transparency and Collaboration are Major Pain Points: When asked about their current challenges in managing technology costs, executives pointed to limited data visibility across financial operations and siloed decision-making, each at 40%. These issues not only hinder cost management but also create barriers to effective collaboration between IT and finance.

2. Balancing Cost Minimization with Productivity: When it comes to initiatives related to technology cost management, respondents equally prioritized minimizing cloud/IT costs and increasing IT productivity, each receiving 40% of the vote. This balance is critical—while reducing costs is essential, boosting productivity can lead to better long-term results.

Why Super-Syncing FinOps & IT Matters

Aligning FinOps and IT can unlock powerful synergies that drive better decision-making and significant cost savings. By super-syncing these functions, organizations can:

• Increase Cost Transparency: Gain clear visibility into IT spending, enabling data-driven decisions that reduce unnecessary costs.
• Improve Operational Efficiency: Streamline processes and enhance collaboration between IT and financial teams, leading to optimized resource use.
• Maximize ROI on Technology Investments: Ensure every dollar spent on IT is strategically aligned with business goals and performance metrics.

Take Action: Compare Your Approach

Want to see how your strategic collaboration and cost optimization approach stacks up against your peers? Take part in our study and gain insights that can help your business refine its FinOps strategies. Participate in the study today!

Next Steps

Ready to harness the benefits of FinOps? Watch the full webinar replay and schedule a 1-on-1 discussion with our experts to explore tailored solutions for your organization. Use the form below to book your session.