Episode 77 - The FP&A Guide to Winning at Cloud Financial Management – Jeff Duresky at AWS
Show Notes
Worldwide spend on cloud infrastructure hit a staggering $169 billion in 2022 with Microsoft and Amazon Web Services (AWS) (AWS) combined, accounting for 62 percent of the cloud market share. In its first quarter of this year, revenue from AWS totaled $21.35 billion, representing almost 17% of Amazon’s overall revenue. What lessons can we learn from within AWS about effective cloud financial management? How can FP&A teams better understand this complex line item? We are joined by Jeff Duresky , Senior FinOps Commercial Architect, Amazon AWS. He is a finance leader who supports the cloud leader’s largest and most strategic customers – and has also held strategic FP&A roles at companies including Capital One .
“As a finance professional the more you understand cloud, the better the insights you’ll be able to drive” – Jeff Duresky
In this episode
Jeff’s worst budget experience (aka professional service accrual releases).
The link between cloud financial management and FP&A
Smart decisions related to cloud expenditures and management
Common cost language – how to get it right
Secrets to cloud forecasting
Promoting the best finance and engineering team conversations around the cloud
Finding reductions in costs for cloud users
Core metrics to assess and unit costs (cost per gigabyte, cost per instance)
First steps to begin forecasting cloud costs
My biggest finance strategic moment
The last finance thing I googled
The importance of taking notes in a career in FP&A
YouTube Video
Read the Transcript
Links from the show
How to establish and drive a forecasting culture | AWS Cloud Financial Management (amazon.com)
Talk about cloud with a non-cloud audience | AWS Cloud Financial Management (amazon.com)
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