Customer
B2B SaaS payments platform with growing Amazon Elastic Compute Cloud (EC2) spend.
Overview
With ProsperOps, Chargify has automated and matured its cost optimization strategy, reducing wasted spend and continuing to see gains in its Effective Savings Rate, improving from 32% to 45% over twelve months.
Challenge
Chargify formerly held engineering responsible for their AWS savings commitments. Each week, the cloud financial management process required hours of manual work. Using scripts and spreadsheets, DevOps tried to build and manage a Reserved Instance savings strategy. This manual process led to wasted cloud spend, put strain on internal resources, and ultimately generated suboptimal savings outcomes.
Solution
Leverage the ProsperOps platform to gain visibility into cloud compute usage, automate the management and optimization of discount instruments, and streamline cloud financial operations. ProsperOps ingests data from AWS Cost & Usage Report and AWS Cost Explorer to understand detailed cost and usage metrics related to Chargify’s AWS resources. ProsperOps benchmarks and tracks KPIs (coverage, utilization, Effective Savings Rate) so Chargify can monitor and quantify the impact of our cost optimizations on their savings performance.
Telemetry collected from Chargify’s environment via AWS EventBridge provides customers with visibility into their AWS compute usage. AWS EventBridge also allows ProsperOps to track EC2 events, RI inventory, and an inventory of EC2 instances, so our software can match commitments to usage in near real-time.
Outcome
ProsperOps manages and optimizes Chargify’s AWS commitment portfolio of Savings Plans and RIs to automatically maximize coverage, utilization, and their Effective Savings Rate (ESR).
In the twelve months leading up to this review, our software steadily optimized its cloudspend, reducing on-demand compute usage, which comprised nearly 25% of its monthly compute spend, by 90%.
Our platform continues to maximize the value of Chargify’s AWS investment, driving double-digit gains in their ESR, reaching 45% in April of 2022.
About ProsperOps
ProsperOps is the leading FinOps automation platform for cloud cost optimization on Amazon Web Services (AWS), Google Cloud, and Microsoft Azure. Eliminating waste and achieving cost-saving goals is challenging when cloud usage is elastic, but commitments are inelastic. Founded in 2018, ProsperOps reduces costs by synchronizing rate optimization with workload optimization, eliminating waste and boosting cross-team efficiency for FinOps. Our platform drives world-class Effective Savings Rates and mitigates Commitment Lock-In Risk for our customers.
