Practice Cloud Financial Management

Cloud Financial Management (CFM) allows finance, product, technology, and business organizations to manage, optimize, and plan costs as they grow their usage and scale on AWS. The primary goal of CFM is to allow customers to achieve their business outcomes in the most cost-efficient manner and accelerate economic and business value creation while finding the right balance between agility and control.

Cloud Financial Management with AWS offers a set of capabilities to manage, optimize, and plan for cloud costs while maintaining business agility. CFM is paramount not only to effectively manage cost, but also to verify that investments are driving expected business outcomes. The four areas of the Cloud Financial Management Framework in the AWS Cloud are see, save, plan, and run. Each of these areas has a set of activities and capabilities.

Following the best practices in CFM is essential for managing costs in your life sciences workloads. These CFM best practices assist to establish cost transparency to control your resources and plan your spend to optimize your return on investments.

CFM is a strategic framework for managing cloud financial operations in life sciences, focusing on balancing rigorous regulatory adherence, high-performance computational requirements, and cost optimization. This approach integrates financial controls, research infrastructure needs, and cloud economic principles to enable scientifically innovative and fiscally responsible cloud computing strategies.