Background
Franklin Templeton is a US-headquartered investment firm and is one of the world’s largest independent, specialised global investment managers with a combined $1.4 trillion in assets under management.
Whilst already having established a FinOps function within the organisation, the client wanted to achieve an immediate cost-out exercise to reduce expenditure whilst concurrently accelerating the maturation of the capability to achieve accountability, awareness and recognition of cloud spend in their cloud estate
Client:
Investment Firm
Sector:
Finance
Size:
900 users with business critical applications
Challenges
- Franklin Templeton is an acquisitive organisation which has led to varying standards of architectural standards across the estate, as a result, the client had ongoing issues of being able to successfully manage costs effectively.
- Whilst a FinOps capability existed, it was immature and there was an urgent need to optimise the estate to achieve visibility and reduce costs whilst providing a stable base to support business growth efficiently.
- In addition, due to economic headwinds, there was also an urgent operational requirement to take more cost out of an already optimised estate.
Quick Wins
- Franklin Templeton is a US-headquartered investment firm and is one of the world's largest independent, specialised global investment managers with a combined $1.4 trillion in assets under management.
- Whilst already having established a FinOps function within the organisation, the client wanted to achieve an immediate cost-out exercise to reduce expenditure whilst concurrently accelerating the maturation of the capability to achieve accountability, awareness and recognition of cloud spend in their cloud estate
Key Results
15% Reduction in Cloud Spend in 4 weeks
FinOps Capability Maturation Plan
Achieved Cost Transparency of Products & Services
Outcome
The engagement delivered the following benefits:
- Cost Reduction of an already optimised estate by 15%, increasing its delivery efficiency to the business by 9.5%.
- Achieved cost transparency of cloud spend with a set of transformative KPIs to measure progress towards accretive growth spend in the cloud estate and reduce budget variance to less than 0.5%.
- Delivered a detailed plan with policies and processes to accelerate the maturation of the FinOps capability to actively manage its estate for the future from a cost perspective.
