2.7.1 Chargeback & IT Finance Integration

Chargeback and IT Finance Integration establishes financial accountability for cloud spend  IT Finance Integration is the ‘forward path’ of cloud spend data through to an organization’s financial management systems.  Chargeback is the ‘feedback path’ of actual spend data from finance systems back to user teams via an internal report or ‘invoice’.

At the end of this module you will be able to:

• Describe the purpose and process of Chargeback and IT Finance Integration in a FinOps practice
• Explain how Chargeback and Showback differ
• Describe the process by which cloud cost data can typically be integrated with an organization’s financial management system(s)
• Describe the pre-requisites for an effective Chargeback process
• Explain how chargeback establishes and reinforces Financial Accountability for cloud costs
• Describe the measures of success at various maturity levels