Case Study: Chargify achieves 40% higher Effective Savings Rate with ProsperOps

Chargify improves its Effective Savings Rate by 40% with ProsperOps

Chargify, a B2B SaaS payments platform, was facing challenges with its growing Amazon EC2 spend. The company had made its engineering team manually responsible for AWS savings using scripts and spreadsheets, a weekly process that was time-consuming and generated suboptimal savings. This manual approach led to wasted cloud spend and put a strain on internal resources. To address this, Chargify turned to the ProsperOps FinOps automation platform.

By leveraging the ProsperOps platform, which uses data from AWS Cost & Usage Reports and Cost Explorer, Chargify automated the management and optimization of its discount instruments like Savings Plans and RIs. ProsperOps provided visibility into cloud usage and matched commitments to usage in near real-time. As a result, ProsperOps steadily optimized Chargify's cloud spend, reducing its on-demand compute usage by 90% and improving its Effective Savings Rate from 32% to 45% over twelve months.

Chargify