Welcome to the sixth edition of our monthly blog series highlighting Ternary’s latest FinOps enhancements. In May, we featured our new navigation search engine, dashboard enhancements, and an update to our unit economics reporting. Today, we’re excited to share the FinOps roundup for June, which includes our new MSP Billing Rules Engine, Microsoft Azure optimization, an enhanced forecasting engine, and a new dashboard widget for Realized Savings.

Purpose-built for FinOps, Ternary empowers organizations to establish cloud cost transparency, improve cost and usage efficiency, and foster communication between teams. Today, Ternary manages more than $7B in multi-cloud spend across leading enterprises and managed service providers. Read on to discover how our new enhancements help partners and customers progress on their FinOps journey.

MSP Billing Rules Engine

Ternary is the leading FinOps platform for managed service providers (MSPs). We continually invest in new capabilities to help MSPs seamlessly manage their customers’ cloud spend.

In June, we introduced the Billing Rules Engine, which, as a MSP, you can use to rerate costs per customer. Specifically, with this release, you can create, apply, and reuse one or multiple rules to your applicable customer tenants. Ternary automatically applies the rules, ensuring that your customers have an accurate representation of their actual spend.

Here’s a screenshot of how you can configure a billing rule:

Microsoft Azure workload and rate optimization

We’re excited to announce that we’ve significantly expanded our support for Azure. We now provide optimization recommendations for Microsoft Azure Virtual Machines, Azure SQL Database, Azure Kubernetes Service (AKS), and Azure Blob Storage! 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).

Our platform will provide the following Azure workload optimization recommendations, as applicable:

  • Rightsize virtual machines
  • Terminate unattached storage
  • Shut down unused instances
  • Use Ephemeral OS Disk if your workloads are stateless
  • Rightsize node pool utilization for AKS

Ternary will also provide applicable rate optimization recommendations, to help you save through any of the following:

  • Azure App Service reserved instances
  • Azure Database for MySQL reservations
  • Azure Database for PostgreSQL reservations
  • Azure Blob Storage reserved capacity
  • Azure Compute Savings Plans
  • Azure Reserved Virtual Machine Instances

New forecasting engine

Accurately forecasting cloud spend is a key priority for FinOps practitioners, according to the State of FinOps 2024 by the FinOps Foundation. (The recent FinOps X conference reinforced this finding.)

To meet this need, Ternary has been developing a new multi-cloud forecasting engine, powered by machine learning algorithms, to help you better predict your cloud spend. You can customize the forecast by vendor (e.g., AWS, Azure, etc.), groupings (e.g., category, environment, etc.) and desired cost measure (e.g., amortized, net, etc.). This is the initial release of our new forecasting engine. Stay tuned for more forecasting enhancements!

Dashboard widget: Realized Savings

We continually improve our dashboard capabilities to surface the insights most valuable to customers and partners. In May, we introduced custom dashboard widgets for Savings Opportunities. Today, we’re excited to share that you can now add a Realized Savings widget to any custom dashboard. The displayed savings amount represents your organization’s implemented usage optimization recommendations as well as any existing owned commitment savings contributions.

The Ternary team is dedicated to helping our customers and partners throughout their FinOps journey. Stay tuned for next month’s product enhancements. In the meantime, you can learn more about Ternary’s latest product enhancements by requesting a demo.