Cloud cost allocation: How one firm uses FinOps to do chargebacks right [Video]

Cloud computing and cloud software are some of the biggest IT trends of the decade, but they can wreak havoc on IT financial analysts trying to track assets, control and predict costs, or charge cloud service costs back to the departments that benefit from them.

With a growing list of cloud applications and infrastructure instances, tracing invoices and their associated owners and users can be time-consuming work lost in the details of mapping how and where services are used across the organization. High volumes of invoices with summarized information further complicate the process.

This administrative burden can easily eat into the productivity of IT and financial teams. In this article, we explore the benefits and common problems of cloud cost allocation, highlighting how one research firm uses a FinOps strategy to simplify chargebacks.