Saving $1 million in cloud costs in under six months—a goal that’s ambitious for any organization, let alone one operating at scale in the cloud.
Yet Tipalti, a global leader in fintech, made it happen. Even more impressive? They did it while keeping their operations secure, reliable, and optimized for customers worldwide.
Here’s how they achieved this milestone.
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How Tipalti Became the Leader in Global Payments and AP Workflows
In 2010, long before payment automation became mainstream, Tipalti saw businesses struggling with countless manual hours spent on finance operations. They decided to modernize that approach with a fully integrated payment system.
Since then, the company has become a leader in payment automation, offering AI-powered invoice processing, global payment support for 120+ currencies, and supplier self-service onboarding for secure tax and banking information collection. These tools help finance teams work more efficiently and confidently.
Other impressive stats:
– Tipalti enables companies to securely pay thousands of partners and suppliers across 196 countries within minutes.
– Clients report an 80% reduction in operational workload and a 25% acceleration in financial close processes.
– The company has achieved a 98% customer retention rate for five consecutive years, highlighting its reliability and customer satisfaction.
Today, Tipalti supports financial workflows for thousands of clients worldwide, leveraging AWS cloud infrastructure to deliver its services and solutions.
Tipalti’s Challenge: Cutting $1 Million in Cloud Costs While Optimizing Infrastructure
Managing payments for thousands of companies worldwide is a monumental task, yet Tipalti’s platform seamlessly delivers secure, high-quality transaction services at scale, all powered by AWS.
However, maintaining this exceptional efficiency and security while staying cost-effective is no small feat. To address this, Tipalti’s Senior Director of Engineering Operations, Yuval Lavin, embarked on a mission to reduce the company’s cloud costs by $1 million.
Yuval needed a partner with the right tools to identify and monitor key areas in real time to achieve this ambitious goal of preventing overspending in Tipalti’s AWS environment.
The Solution: Anodot’s Cost Optimization Tool
When selecting the right third-party platform, several competitive factors had to be met to earn consideration:
- Data-Driven Automation: Reducing manual effort with real-time monitoring and actionable insights was critical.
- Easy Setup: Seamless integration with minimal technical assistance was essential to start saving immediately with a flawless migration process with white glove support..
- Pricing: The solution needed to be budget-friendly while delivering high value.
Why Tipalti Chose Anodot: Anodot’s Cost Optimization Tool checked all the boxes. It provided valuable insights into cloud cost patterns through:
- Detailed Visualizations: Offering clear and intuitive views of cloud spending.
- Trend Analysis: Identifying patterns over time to uncover inefficiencies.
- Actionable Recommendations: Delivering specific steps to optimize resource usage and rightsize instances effectively.
- Kubernetes Optimization: Providing insights into K8s clusters, nodes, and pods with recommendations for resource allocation, helping to prevent overprovisioning and underutilization.
These features enabled Tipalti to pinpoint cost-saving opportunities and achieve its ambitious cloud optimization goals.
“Anodot’s ability to provide actionable insights and recommendations was a key factor in our decision to choose their Cost Optimization Tool. The tool’s comprehensive features, competitive pricing, and seamless integration made it the ideal solution for our needs. By leveraging Anodot, we identified and addressed areas of inefficiency within our cloud environment, leading to significant cost savings.”
Yuval Lavin
Senior Director of Engineering Operations
The Final Results: Significant Savings in Under 6 Months
Thanks to Anodot’s quick onboarding, actionable saving recommendations, and detailed visibility, Yuval achieved his goal and exceeded expectations—saving $1 million in their cloud cost!
The Reductions Speak for Themselves:
- 35% Reduction in K8s Costs
By gaining detailed visibility into costs per namespace, label, and deployment, Yuval optimized K8s cluster sizing and configuration, significantly reducing expenses. - 15% Reduction in CloudTrail Costs
By analyzing CloudTrail logs and events, Yuval identified duplicate trails and reduced data retention periods for less critical events, saving 15%.
- 15% Reduction in EC2 Instance Costs
Through EC2 rightsizing recommendations, Yuval identified overprovisioned instances, stopped unused instances, detached unused EBS disks, cleaned up outdated snapshots, and upgraded to newer instance generations.
Just the Beginning of an Efficient and Cost-Effective AWS Cloud Infrastructure
Tipalti achieved an impressive milestone by saving $1 million in cloud costs while maintaining the performance and security of its AWS environment.
Thanks to Yuval’s proactive approach to identifying and addressing costly areas, Tipalti optimized its cloud infrastructure without compromising the services provided to thousands of companies worldwide.
By leveraging Anodot’s Cost Optimization Tool, Yuval pinpointed wasteful resources and implemented actionable recommendations, significantly reducing cloud overspending. This achievement sets the stage for continued efficiency and growth.
“We’re thrilled to see the positive impact Anodot’s Cost Optimization Tool has had on Tipalti’s cloud costs, thanks to Yuval Lavin’s leadership and expertise. His strategic approach and ability to leverage our platform effectively were instrumental in driving these savings.“
Melissa Abecasis
Director of Customer Success
Written by Anodot
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