If you’ve ever faced project management challenges, monday.com can be a true lifesaver. This cloud-based platform has enabled teams to streamline their work with a customizable interface where users can create workflows, track progress, and collaborate in real-time. However, operating all those capabilities in the cloud can increase costs, impede FinOps optimization, and restrict scalability.
To achieve sustainable growth, they needed a partner to help them manage and maximize their cloud costs.
Here’s how monday.com improved its FinOps processes using Anodot’s platform.
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How monday.com Became a Top Cloud Company
Launched in 2014, monday.com Work OS is a no-code, low-code platform designed to empower users to create customized tools for business success. It addresses the limitations of traditional software by offering modular building blocks that anyone can use. As monday.com became a multi-product company, it developed the Work OS product suite, which includes monday work management, monday CRM, and monday dev, each addressing specific business needs.
In the past 10 years, the multi-product platform runs all core aspects of modern-day work, enabling its customers to manage projects and workflows confidently. It now serves over 225,000 customers across over 200 industries and in over 200 countries and territories.
This is no small task, and monday.com relies heavily on cloud infrastructure, particularly AWS, to support its extensive global operations. With all these resources in motion, it was only a matter of time before waste accumulated in the cloud.
monday.com’s Cloud Cost Management Roadblock
As monday.com rose as one of the top cloud enterprises for team workflows, implementing a strategic FinOps framework was a bit tricky. Why? That dreaded phrase all cloud users hate to hear: manual workload.
As the platform became more popular, it became a hassle to find the right person or department to handle the updates needed to keep cloud costs down without sacrificing efficiency, and the time it took to implement those updates resulted in unused resources, which meant more costs lost.
To keep monday.com scalable, the enterprises needed to ditch the manual processes in the cloud and find a solution they could implement quickly.
Anodot’s Automated Recommendations
monday.com found its solution through Anodot’s platform, and once the collaboration was initiated, its FinOps teams could immediately implement automation workflows.
With Anodot’s partnership, monday.com’s vision for FinOps innovation has become a reality.
“monday.com’s vision to automate FinOps processes aligns perfectly with the growing trend of cloud financial management. It’s been a pleasure collaborating with their top-notch FinOps team and implementing solutions directly impacting their cloud investment.”
Limor Tepper VP Product
The Final Results: An Efficient FinOps Cloud Infrastructure for monday.com
After working with Anodot to enhance their manual FinOps practices through real-time automated recommendations, monday.com transformed its cloud operations.
The enterprise can now optimize its cloud investments through cost-saving measures offered by Anodot’s recommendations, eliminating roadblocks caused by manual routing and updates.
Replacing a bottleneck manual FinOps with Anodot’s automated recommendations resulted in:
1. Faster cost-saving decisions: Automation helped the right team act quickly on cloud cost-saving opportunities without delays or manual hindrances.
2. More intelligent workflows: Swift API integration into monday.com’s cloud infrastructure without the company having to do any technical heavy lifting, enhancing the FinOps team’s ability to stay on top of cost fluctuations and respond quickly to unexpected changes.
3. Reduce administrative overhead: By utilizing Anodot’s tags and virtual tag FinOps tools, monday.com successfully allocated costs to various departments. This led to each monday.com team being fully responsible for its developments and services.
An Integration That Offers Endless Opportunities for FinOps Innovation
monday.com FinOps teams now have a much smoother workflow in the cloud, thanks to Anodot’s easy-to-implement APIs. With cost allocation automated, teams can stay accountable and quickly respond to unexpected changes in cloud costs.
The partnership is just beginning as cloud finance trends evolve rapidly, meaning the possibilities for more innovation are just starting.
“After more than two years with Anodot, their ability to quickly adapt and consistently implement innovative features like automated recommendations has been a game-changer for us. This long-term partnership continues to be exactly what we were looking for.”
Yariv Shoshany
RnD Operations Team Lead
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Written by Anodot
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