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FinOps at REA – Innovation in Finance & Operations

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FinOps at REA – Innovation in Finance & Operations

REA have taken an innovative approach to building strong financial management across their infrastructure team. The visibility and ownership of costs has been improved through modifying team structure, interactive finance processes, budgeting operations and improved cost management behaviours. Hear from both an operational and finance perspective the value delivered and lessons learnt by REA on this FinOps journey.

Speakers:
Katerina Martianova, Commercial Manager - IT, REA Group
Javier Turegano, Global Infrastructure and Architecture Manager, REA Group

REA have taken an innovative approach to building strong financial management across their infrastructure team. The visibility and ownership of costs has been improved through modifying team structure, interactive finance processes, budgeting operations and improved cost management behaviours. Hear from both an operational and finance perspective the value delivered and lessons learnt by REA on this FinOps journey.

Speakers:
Katerina Martianova, Commercial Manager - IT, REA Group
Javier Turegano, Global Infrastructure and Architecture Manager, REA Group

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FinOps at REA – Innovation in Finance & Operations

  1. 1. © 2017, Amazon Web Services, Inc. or its Affiliates. All rights reserved. Katerina Martianova Commercial Manager-IT REA Group Level 100 FINOPS How can Finance and Operations Work Better Together? Javier Turegano Global Infrastructure and Architecture Manager REA Group
  2. 2. Who We Are Katerina Martianova Javier Turegano @setoide FIN OPS @kmartianova
  3. 3. REA Group is a market-leading digital media business specialising in property.
  4. 4. REA Journey
  5. 5. Agile Beyond IT
  6. 6. AWS is a Key Pillar of our Strategy
  7. 7. Complication
  8. 8. Traditional Dynamics
  9. 9. Silos All Over Again
  10. 10. The Money Ride Spend, Spend, Spend Spend Everything Don’t Spend Bad News End of Year Good News Budget
  11. 11. Frustration
  12. 12. AWS Cost Escalation – Unwelcome Growth! 30% 50% 10% AWS cost FY15 FY16 FY17
  13. 13. Poor Visibility of Costs FY 2015 FY 2016 Business Unit 1 Business Unit 2 Business Unit 3 Unallocated AWS Costs
  14. 14. Complex Domain Reserved Spot On-Demand Rightsizing Autoscaling Elasticity Utilisation Peak Tagging Containers Serverless AWS-nomics
  15. 15. Company Structure Central IT Finance Business Unit 1 Business Unit 2 Business Unit 3 $$$
  16. 16. Key Question: can we invent a way of managing this?
  17. 17. Lean Principles
  18. 18. Cross Functional Teams
  19. 19. Answer to the Key Question?
  20. 20. Genchi Genbutsu: Sitting with IT!!!
  21. 21. Attending Standups
  22. 22. Education
  23. 23. One Team, One Dream!
  24. 24. Getting it Done: Hack Day Idea!
  25. 25. Hack Day Dashboard
  26. 26. Business Case to Get Help
  27. 27. Tech Solution: Enforce-o-tron
  28. 28. Tech Solution: Cloudability Reporter
  29. 29. Tag your Instances Business Unit 1 Business Unit 2 Business Unit 3 Unallocated Business Unit 1 Business Unit 2 Business Unit 3 Unallocated
  30. 30. Central IT Finance Business Unit 1 Business Unit 2 Business Unit 3 $$$ Decentralised AWS Budgets Central IT Finance Business Unit 1 Business Unit 2 Business Unit 3 $$$
  31. 31. New Invention: FinOps Principle … You pay for it
  32. 32. Outcome
  33. 33. Short Feedback Loops ... End of YearBudget Spend MeasureLearn Spend MeasureLearn Spend MeasureLearn
  34. 34. Change in Behaviour “Great work tracking these down. Motivates me to run a similar audit on one of my accounts” “It is my belief that all the instances here can be removed so that we can save some money in our AWS accounts” “If every instance is deleted here I believe we would save around $70,000 in the next 12 months” If you want to change attitudes, Start with a change in behaviour. William Glasser
  35. 35. Initial Outlook FY 2015 FY 2017FY 2016
  36. 36. Results: Savings!!! FY 2015 FY 2017FY 2016 $$$
  37. 37. Minimal Business Impact
  38. 38. Savings Can Buy a Lot of Dumplings!
  39. 39. Next Steps
  40. 40. Want FINOPS? 1 Have an open mind 2 Offer to teach and learn 3 Business case to get help 4 Tag your cloud 5 Decentralise budgets 6 Reward good behaviour 7 Learn and repeat
  41. 41. Thank you!

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