Case Study: Alchemy achieves 30% cloud cost reduction with Finout

Alchemy cuts cloud costs 30% and ECS by 97.5% with Finout

Alchemy, a blockchain technology company, faced significant challenges in managing and allocating its complex and growing cloud costs. Without a dedicated FinOps team, a finance associate was spending excessive manual effort trying to understand spending patterns and tie expenses to business objectives, especially after recent acquisitions added infrastructure complexity. They chose Finout to gain visibility and control over their cloud spending.

By implementing Finout, Alchemy gained real-time cost tracking and actionable insights through features like Virtual Tags and Anomaly Detection. This empowered their engineers and provided the finance team with clear data. The solution led to a 30% reduction in monthly cloud costs, a 97.5% reduction in ECS costs, and the ability to address cost inefficiencies 90% faster. Finout also automated reporting, saving the team 10-15 hours per week.

Alchemy