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Micro Focus, the UK-based software company and owner of UFT and ALM testing and development tools, has announced the release of a new tool, Hybrid Cloud Management X (HCMX) FinOps Express, designed for financial management of cloud investments.

HCMX FinOps Express helps organisations to reduce the number of “surprise” bills, improve transparency across their cloud architecture, unifying AWS, Azure, and Google Cloud into a single catalogue and excluding costly or non-compliant options, according to Micro Focus.

“Among many reasons that organisations move workloads to the cloud is to reduce data centre costs, but many organisations do not realise the full potential of savings due to inefficient management of cloud operations," said Travis Greene, senior director of IT operations management product marketing at Micro Focus (pictured). “HCMX FinOps Express provides CIOs the ability to optimise and operate their cloud in an agile and controlled manner, while involving all the necessary stakeholders.”

Consolidating offerings from major cloud vendors and mapping cloud spend to projects, business units, and cost centres, in-built budgeting tools provide an additional layer of financial responsibility across engineering and other teams. FinOps Express can implement spending limits in the case of memory leaks or other over-active programs.

Reporting features are able to identify spending spikes and inefficiencies from idle, oversized, or over-provisioned resources, and auto-generate recommendations for reservation planning that Micro Focus claims can help lower cloud rates and save as much as 72% on management costs

HCMX FinOps Express is a part of Micro Focus’s larger cloud management product, HCMX, which also includes capabilities for multi-cloud design and provisioning, policy-based compliance, and lifecycle hybrid cloud service orchestration.

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