The leading FinOps platform
Multi-cloud and enterprise-ready, the Ternary platform allows organizations to establish cloud cost transparency, reduce wasted spend, and develop accurate forecasting.
Customers and partners who trust us
Ternary vs. Flexera
While Flexera is most well-known for its IT Asset Management capabilities, it has been in the cost management space since acquiring Rightscale in 2018. Recently, Flexera announced plans to acquire the Spot by NetApp portfolio, including CloudCheckr. This move aims to strengthen Flexera’s FinOps capabilities, particularly in Kubernetes monitoring and the MSP FinOps space. In contrast, Ternary is a FinOps-native platform offering agentless Kubernetes monitoring and a proven track record of successful MSP partnerships. Below, you can compare the key features of Ternary vs. Flexera.
Flexera
BUSINESS OVERVIEW
Headquarters
San Mateo, California, U.S.
Itasca, Illinois, U.S.
Relationship with the FinOps Foundation
FinOps Foundation Premier Member
FinOps Foundation Premier Member
Cloud spend under management
$7.5B+
Not disclosed.
PLATFORM
Deployment method(s)
SaaS and Self-Hosted
SaaS
Built for
FinOps teams, Finance, Engineering, and MSPs
IT Asset Managers, FinOps teams, Engineering, and MSPs
Multi-cloud support
PARTNER
Customer management
Website mention lacks documentation.
Partner billing rules engine
Website mention lacks documentation.
MSP-level dashboard
No supporting documentation available.
FEATURES
Budget management
Anomaly detection
Custom reporting and dashboards
Reporting is a weaker area based on customer feedback. Source: GigaOm Radar Report for Cloud FinOps
Unit economics
No supporting documentation available.
Kubernetes optimization recommendations
Industry news suggests that Flexera is acquiring Spot by NetApp to augment its Kubernetes capabilities.
Commitment-based discount management
Shows existing coverage, but it’s unclear if purchase modeling is available based on the lack of documentation.
PRICING
Offering type
Single product
Flexera One consists of multiple integrated (but individually packaged) modules: IT Visibility, IT Asset Management, FinOps, and SaaS Management.
Subscription model
Fixed rate based on annual
cloud spend.
Flexera’s FinOps/Cloud Cost Optimization offering is based on a simple flat fee per year, according to a customer’s public cloud spend. Discounting is available as part of multi-product bundling options.
Capabilities to support all phases of your FinOps journey
Ternary empowers teams at all stages of their cloud journey to reach their most ambitious goals.
Create custom labels and leverage scoped views to fine-tune reports and dashboards for detailed cost analysis and reporting.
Evaluate historical cloud spend against your budget(s) and accurately forecast future spend.
Drive accountability for cloud consumption across teams with cost reallocation rules. Reallocate by fixed proportions (statically weighted) or in proportion to each target’s share (dynamically weighted).
Improve resource utilization and eliminate waste with tailored rightsizing recommendations across compute, databases, storage, and Kubernetes.
Manage spend-based and resource-based discounts throughout their lifecycle.
Identify unexpected changes or irregularities in cloud spend with ML-based and human tunable anomaly detection. Configure alerting rules based on dollar and percentage thresholds.
Put data in the path of engineering by leveraging our bi-directional Jira integration. Create and manage cases in the platform as anomalous activity is detected or optimization opportunities are identified.
Define and track unit metrics to assess the impact of cloud on your business.
Don’t overpay for a FinOps solution
- Flat-rate pricing includes all capabilities
- No additional fees for professional services
- No fees for overages
You know your cloud spend is justified. Can you prove it?
Each team within your organization has a unique view of your cloud finances. Using language they understand, Ternary provides this information to each of your stakeholders.
FinOps teams
With FinOps best practices built into the platform, Ternary equips FinOps teams of all maturity levels with tools for providing enhanced visibility to the extended stakeholder community, enabling them to collaborate more effectively and maximize the business value of their cloud investment.
Finance
Ternary provides consolidated multi-cloud visibility so finance professionals can better understand spend drivers, collaborate with engineers, evaluate commitment options, and forecast.
Engineering
Curated views allow engineers to assess the impact of engineering decisions on cost and usage, while evaluating cost-efficiency options to ensure that investments drive growth and innovation.
Managed Service Providers (MSPs)
Ternary provides effortless onboarding for your customers and supports any major cloud provider they may use. Simple to set up, Ternary enables you to quickly train team members and help customers execute the things that matter in their FinOps practice.
Ternary platform fundamentals
Support for all major cloud providers
SaaS or self-hosted deployment
SSO integration and role provisioning
Agentless Kubernetes monitoring
Enterprise-ready API
Enterprise-grade security, compliance, and scalability
Tame your multi-cloud spend
Choose the best solution for Engineering, Finance, and FinOps teams so your company can focus on growth and innovation.