SHI helped a financial services leader optimize cloud spending with AWS.

SHI partnered with a top financial firm to streamline their AWS costs through expert FinOps consulting and cloud optimization.

Challenge:

In May 2024, a leading organization in the fraud prevention sector of the financial services industry had a small AWS team with scattered priorities across various initiatives, leading to unchecked and rapidly increasing AWS expenditures over the past several months. The team lacked the time and expertise necessary for effective Cost Optimization, as they were focused on critical business drivers. Frequent executive cloud leadership changes further hindered progress in managing and controlling cloud costs.

Solution:

SHI proposed a comprehensive Cloud Optimization Managed Service strategy tailored to address the customer's constraints in Time, Resources, and Expertise. By assigning a dedicated FinOps consultant, SHI ensured focused evaluation and management of the customer's AWS expenditures. The customer gained full access to CloudHealth, a robust tool for continuous cost monitoring and optimization. SHI's approach included biweekly meetings to review a detailed workbook containing actionable recommendations, enabling the customer to maintain a low time commitment while still having the flexibility to refer to the workbook as needed.

SHI also offered a suite of managed services designed to further alleviate the customer’s operational burden. These services include proactive cost management, security compliance monitoring, and performance optimization, ensuring that the customer's cloud infrastructure remains efficient and secure. By leveraging SHI's managed services, the customer can reallocate internal resources to core business activities, confident that their AWS environment is being expertly managed and optimized.

Outcome:

SHI has partnered with the customer to provide a Cloud Optimization Managed Service aimed at optimizing their AWS environment and developing FinOps culture and processes. This service addresses the customer's need for cost management and operational efficiency, ensuring their cloud spending is controlled and aligned with business objectives. By leveraging SHI’s managed services, the customer has gained deeper insights into their AWS expenditures, enabling them to monitor spending fluctuations, identify cost-driving resources, and accurately forecast for future projects. This partnership supports the customer’s strategic goals of optimization and efficient resource allocation within their cloud infrastructure. The continuous support from a dedicated FinOps consultant and the utilization of CloudHealth provide ongoing cost management and optimization.