Figure: StitcherAI brings an innovative approach to building custom FinOps artifacts and a new engagement model that drives results

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Here’s where StitcherAI differentiates from other FinOps offerings – our platform’s primary focus is helping customers build the data artifacts their FinOps practice needs. The low-code authoring environment, powered by a FinOps-aware AI assistant, enables the FinOps team and the broader organization to engage with the platform and curate their data to meet their exact needs, driving intended integrations and outcomes within their organization. Data operations encompass a range of enhancements to add business context, allocations to provide accurate views of the total cost of ownership (TCO), simulating periodic costs to avoid nasty surprises at the end of periods, and building custom data artifacts such as KPIs, reports, and cost controls.

 

Driving FinOps Engagement

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Recent trends have shown that successful FinOps cannot be a solitary effort by a centralized FinOps team. Organizations excel at FinOps when engagement with FinOps is embedded, consistent, and spans the organization. With StitcherAI’s revolutionary Hub-and-Spoke model, everyone in your organization can contribute to FinOps initiatives, much like how Workday enables HR engagement. Think of the finance or FinOps team as the ‘hub’ responsible for managing the overall StitcherAI implementation, tracking broad initiatives, and maintaining guardrails. Meanwhile, accountable teams act as ‘spokes’ by engaging in FinOps within their scopes, from performing cost allocations to building relevant KPIs and controls, thereby creating a truly engaged FinOps ecosystem.

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AI features built into the StitcherAI platform—including a helpful AI-powered assistant—provide meaningful guidance to stakeholders new to StitcherAI or FinOps, making the journey smoother. 

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Delivering 100x Better FinOps Outcomes

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With StitcherAI, FinOps and finance teams are relieved from the burden of creating ad-hoc data solutions to handle large, dynamic datasets for an ever-growing list of providers. Now, FinOps teams can focus on strategic initiatives and 'final-mile' integrations that yield best-in-class results for their organizations. While central FinOps and finance teams maintain some degree of centralized controls, StitcherAI democratizes access and responsibility for making business value-based decisions. This approach empowers individuals closest to the decisions — engineers, finance staff, and business stakeholders to make better decisions from the start, and reduce waste.

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With data wrangling challenges managed by StitcherAI, the FinOps teams can focus their precious time and resources on:

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• Engagement: FinOps thrives when curated cost data artifacts are integrated with people, internal tools, and complex business processes. The FinOps team can spearhead this essential enablement function. Remember, you can’t ask for accountability for spending decisions without providing visibility.

• Building Trust: Facilitate discussions with teams within your organization about chargebacks, cost efficiency, cost allocations, and forecasting using a single, transparent source of truth.

• Educate: Use your valuable spare time to educate your organization on FinOps, FOCUS, and other essential FinOps and finance concepts.

• Shift from ‘reactive’ to ‘proactive’: Use StitcherAI’s predictive capabilities to get your organization on the front foot and avoid nasty surprises.

• Investing in the FinOps 'Operate' Phase: Allocate time for often-overlooked continuous operational improvements in the FinOps journey to achieve sustainable results.

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And there’s more

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In addition to the benefits described above, StitcherAI brings the following innovative capabilities to help accelerate your FinOps journey:

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• Normalization of any cost to FOCUS, including PDF bills.

• Allocation of any cost to any entity within your organization using various pre-built allocation strategies.

• Continuous proactive and reactive governance of FinOps initiatives using controls.

• Integration with Open Policy Agent (OPA) for cost governance.

• Popular pre-built connectors for data import and insights integration.

• Compatibility with various storage, database, and data lake options.

• Debugging and iterative modeling within the StitcherAI pipeline.

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The DIY Dilemma

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Creating in-house FinOps solutions can be time-consuming, resource-intensive, and often unsustainable for many organizations after the initial build-out. StitcherAI offers a fully managed FinOps data engineering platform that outperforms the capabilities developed by Fortune 50 companies, all at a fraction of the cost of building in-house tools. By alleviating the burden of developing data solutions, your FinOps team can focus on driving high-impact FinOps initiatives using StitcherAI data. This approach delivers improved engagement, accountability, and efficiency, resulting in faster value realization. On average, StitcherAI can accelerate your organization’s FinOps journey by 18 to 24 months compared to building in-house.

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The Verdict

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Data deficiencies, engineering complexities, limited resources, and the need for new engagement models should no longer slow down your FinOps roadmap. Invest in StitcherAI to unlock the full potential of your FinOps team.

With the StitcherAI platform, you can:

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• Accelerate your FinOps maturity journey towards optimal financial performance.

• Focus on high-value FinOps initiatives while relying on StitcherAI for data management, governance, engagement, scalability, and continuous improvement.

• Foster a culture of accountability across your organization by embedding cost awareness into everyday decisions at all levels.

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 Join 'FinOps Pros' and forward-thinkers in the FinOps industry by choosing the most innovative product in the FinOps space—StitcherAI. Contact us or start your journey by signing up for a free trial at https://stitcher.ai today!