How Can FinOps Leadership Drive Multi-Million Dollar Savings and Optimize Cloud Costs?

In this episode of FinOps in Action, I’m joined by Larry Advey, Senior Manager of FinOps at Twilio, who shares his expertise on managing complex cloud financial operations and saving over $70 million in just three years. Larry discusses the critical role of communication and collaboration in FinOps, emphasizing the need for alignment between leadership and engineering teams to drive both short-term and long-term cost savings.

During our conversation, we cover key topics such as:

• How proactive communication between stakeholders can optimize cloud financial operations.

• Balancing short-term rate optimization with long-term business efficiency and scalability.

• The importance of cost allocation strategies and their impact on overall business success.

• A deep dive into the Focus (FinOps Open Cost and Usage Specification) framework and how it standardizes cloud billing across multiple platforms.

Whether you're a FinOps practitioner, cloud financial strategist, or just curious about cost management in large-scale organizations, this episode provides actionable strategies to improve cloud cost optimization and drive financial success. Don’t miss out on these invaluable insights that can transform your organization’s cloud financial operations!

Make sure to subscribe for more expert insights on cloud cost management, FinOps best practices, and strategies for scaling cloud operations in large organizations!

Quote of the Show:

“FinOps is a lot about saving money, but conversely I'll say, it's really more about making money.” - Larry Advey

Connect with Larry:

• LinkedIn: https://www.linkedin.com/in/ladvey/
• Company website: http://www.twilio.com

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• YouTube: https://www.youtube.com/@PointFiveCloudCostEfficiency