The cloud poses serious cost management challenges for businesses. There are varied pricing models and potentially different price tiers for each cloud resource or managed service. In addition, cloud resource use can easily spiral out of control at organizations with large user bases working on different cloud projects. Businesses, therefore, need a disciplined and collaborative way to use and pay for cloud services. FinOps is a set of practices designed to address these cloud resource utilization and financial management concerns. Here’s a look at software tools that can help organizations implement FinOps practices. Although FinOps tools and more “traditional” cloud cost management tools can serve similar purposes, they are typically tailored to different audiences. Traditional cloud cost management is fundamentally a reporting function that shows which cloud resources an organization uses and how much those resources cost.