First Technology's FirstIntel FinOps SaaS platform is an operational framework and cultural practice designed to maximize the business value of cloud services. It enables timely, data-driven decision-making and creates financial accountability through collaboration between engineering, finance, and business teams.

Core FinOps Principles

• Teams need to collaborate:
• Close collaboration between finance, technology, product, and business teams.
• Decisions are driven by business value of cloud:
• Focus on unit economics and value-based metrics.
• Everyone takes ownership for their cloud usage:
• Decentralized accountability for cloud usage and cost.
• FinOps data should be accessible and timely:
• Prompt processing and sharing of cost data.
• A centralized team drives FinOps:
• A central team promotes and facilitates best practices.
• Take advantage of the variable cost model of the cloud:
• Utilize the cloud's variable cost model to deliver more value.