At FinOps X, the annual conference for FinOps practitioners, the
company unveils Microsoft Azure optimization, enhanced forecasting,
and new MSP capabilities
SAN
DIEGO, June 19, 2024 /PRNewswire-PRWeb/ --
At FinOps X, the industry conference for FinOps practitioners,
Ternary today launched new capabilities to help improve cloud cost
and usage efficiency and further drive cloud cost transparency
across organizations. Additionally, Ternary launched new
capabilities enabling managed service providers (MSPs) to
streamline customer management and simplify billing operations.
"As our customers and partners continue to
grow their multi-cloud footprint, we will be there to support their
FinOps journey at every step of the way" - Ternary's Chief Product
Officer and Co-founder, Patrick
Raymond
As noted in the State of FinOps 2024 by the FinOps Foundation,
the top three priorities for practitioners are reducing waste,
managing commitment-based discounts, and forecasting accurately.
Purpose-built for FinOps, Ternary helps practitioners solve these
business challenges.
Comprehensive optimization recommendations across clouds:
With Ternary, multi-cloud customers can now eliminate waste and
achieve cost savings across all three leading cloud service
providers: Amazon Web Services (AWS), Microsoft Azure, and Google
Cloud Platform (GCP). Ternary has long supported usage and rate
optimization for GCP and AWS services. Now, it provides rightsizing
recommendations for Azure compute, storage, database, and
Kubernetes services. Effectively managing commitment-based
discounts is core to a successful FinOps practice and is one of the
best ways to save money in the cloud. Accordingly, Ternary has also
added expanded rate optimization support to Microsoft Azure
Reservations and Savings Plans for compute, with remaining
supported services following in the coming weeks.
"We initiated our collaboration with Ternary earlier this year
and appreciate their responsiveness to our requests and solid
customer service. Our engineers find Ternary's platform intuitive
and easy to use, providing actionable insights into our ongoing and
expanding cloud expenditure," said Stephen
Dick, Vice President of IT Operations at Paylocity.
New forecasting engine to better predict future spend:
In addition to Azure optimization, Ternary is introducing its
new multi-cloud forecasting engine. The forecasting engine is
powered by machine learning algorithms. It provides a detailed
breakdown of forecasted spend by business dimensions the user can
designate, allowing them to better understand how changes today
impact future cloud spend. Users can also set confidence levels to
model different scenarios and see the resulting impact on future
budgets.
Key features for MSPs to ease the transition to a modern FinOps
solution:
Many companies procure FinOps services through partners. Ternary
continues to invest in new capabilities to help MSPs seamlessly
manage their customers' cloud spend. These include an MSP
Dashboard, which provides a holistic view across their entire
FinOps services business: multi-cloud cost trends, anomalies,
optimization opportunities, user activity, and more. Along with the
new dashboard, Ternary has released a new partner billing engine to
help MSPs apply uplift charges, allocate line items, and pass
savings benefits to customers.
"Our product enhancements are a direct result of close
collaboration with customers and partners. Helping organizations
achieve their desired business outcomes is our driving focus at
Ternary. As our customers and partners continue to grow their
multi-cloud footprint, we will be there to support their FinOps
journey at every step of the way," said Ternary's Chief Product
Officer and Co-founder, Patrick
Raymond.
To learn more about Ternary's latest product enhancements,
register for the webinar on Tuesday, July
9, at 10am PT/1pm ET.
About Ternary
Ternary enables companies to align their cloud investments with
strategic business initiatives through its FinOps Certified
Platform, purpose-built for Finance, Engineering, and FinOps teams.
The platform empowers organizations to establish cloud cost
transparency, improve cloud cost and usage efficiency, and foster
communication between teams. Ternary manages more than $7B in multi-cloud spend across hundreds of
customers and managed service providers. The company is backed by
experienced venture capital firms, including Jump Capital and Fin
Capital. For more information, please visit
https://ternary.app/.
Media Contact
Media Inquiries, Ternary, 1 650-918-0974, hello@ternary.app,
https://ternary.app
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