Micro Focus Introduces HCMX FinOps Express to Optimize Cloud Spend

Rhea-AI Summary

Micro Focus has launched HCMX FinOps Express, a new cloud financial management solution aimed at controlling and optimizing cloud spending amid an estimated $500 billion annual cloud infrastructure expenditure. Announced during the Gartner IT Infrastructure, Operations & Cloud Strategies Conference, this SaaS tool provides organizations with capabilities to manage cloud investments more efficiently. Features include a unified view of cloud spend across platforms, identification of inefficiencies, budgeting tools, AI-assisted recommendations, and self-service guardrails to prevent over-expenditure.

Positive

• Launch of HCMX FinOps Express to optimize cloud spending.
• Potential savings of up to 72% through AI-assisted recommendations.
• Unified view of cloud spend across multiple platforms.

Negative

• None.

Hybrid Cloud Management X (HCMX) FinOps Express is a cloud financial management solution that helps organizations cut cloud waste and control cloud spending

LAS VEGAS, Dec. 6, 2022 /PRNewswire/ -- Micro Focus (LSE: MCRO; NYSE: MFGP) today announced the release of Hybrid Cloud Management X (HCMX) FinOps Express at the Gartner IT Infrastructure, Operations & Cloud Strategies Conference (IOCS), taking place this week in Las Vegas. With about $500 billion being spent on cloud infrastructure annually, this new SaaS release is designed for financial management of cloud investments to reduce surprise bills and optimize cloud spend.

HCMX FinOps Express is a cloud financial management solution that helps cut cloud waste and control cloud spending.

"Among many reasons that organizations move workloads to the cloud is to reduce data center costs, but many organizations do not realize the full potential of savings due to inefficient management of cloud operations," said Travis Greene, Senior Director of ITOM Product Marketing at Micro Focus. "HCMX FinOps Express provides CIOs the ability to optimize and operate their cloud in an agile and controlled manner, while involving all the necessary stakeholders."

HCMX FinOps Express helps organizations to:

• View spend across clouds – Gain a complete, unified view of your cloud spend with AWS, Azure and Google Cloud, including show-back, mapping cloud spend to projects, business units, and cost centers.
• Identify inefficiencies – Spot idle, oversized, or overprovisioned resources with reports that help identify spending spikes and inefficiencies.
• Build a budget – Take advantage of the built-in module for budgeting that provides an additional layer of financial responsibility across engineering and other teams.
• Save with AI-assisted recommendations – Utilize AI to auto-generate recommendations for reservation planning that can help lower cloud rates and save as much as 72 percent.
• Implement self-service guardrails – Proactively prevent costly surprises by consolidating offerings from major cloud vendors into a single catalog and excluding costly or non-compliant options while implementing spending limits.

HCMX FinOps Express is a part of HCMX, which also includes capabilities for multi-cloud design and provisioning, policy-based compliance, and lifecycle hybrid cloud service orchestration. As cloud migrations and digital transformation continue to drive strategic business change, Micro Focus HCMX FinOps Express is one of the ways Micro Focus helps customers support cost-effective migrations, optimize cloud spend and ultimately lower the total cost of ownership for IT. HCMX FinOps Express is available now.

In addition to today's announcement, Micro Focus will provide additional information when Travis Greene presents "3 Ways to Tame Your Cloud Costs with FinOps" at Gartner IOCS on Thursday, at 11:45 a.m. PST in San Polo 3505.

More Information

Explore HCMX FinOps Express.

Join Micro Focus on LinkedIn and follow @MicroFocus on Twitter.

About Micro Focus

Micro Focus is one of the world's largest enterprise software providers, focused on solving the IT dilemma—how to balance today's needs with tomorrow's opportunities. We deliver mission-critical technology that helps tens of thousands of customers worldwide manage core IT elements of their business. Strengthened by our strategic services and support organizations, and an extensive partner network, our broad set of technologies for security, IT operations, application delivery, governance, modernization, and analytics provides the innovative solutions organizations need to run and transform— at the same time.

Contact: microfocus@pancomm.com

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SOURCE Micro Focus

FAQ

What is HCMX FinOps Express?

HCMX FinOps Express is a cloud financial management solution by Micro Focus that helps organizations manage and control their cloud spending.

When was HCMX FinOps Express announced?

HCMX FinOps Express was announced on December 6, 2022.

How much is spent on cloud infrastructure annually?

Approximately $500 billion is spent on cloud infrastructure each year.

What are the key features of HCMX FinOps Express?

Key features include a unified view of spend, identification of inefficiencies, budgeting tools, AI-assisted savings recommendations, and self-service guardrails.

Who presented HCMX FinOps Express?

Travis Greene, Senior Director of ITOM Product Marketing at Micro Focus, presented HCMX FinOps Express.