FinOps

FinOps (Financial Operations) refers to the set of processes and practices that enable an organization to effectively manage its financial resources. FinOps involves optimizing the cost structure of a business, ensuring compliance with financial regulations, and managing cash flow. It encompasses a range of activities such as budgeting, forecasting, financial reporting, tax compliance, accounts payable and receivable, and expense management. FinOps helps companies make informed financial decisions, monitor their performance, and ensure long-term financial stability.