RI Maximizer

RI Maximizer is a solution offered by Apptio that aims to automate key FinOps processes and optimize cost efficiency for cloud consumers. According to the vendor, this software is designed for large enterprises, providing them with the means to effectively manage their commitment-based discounting programs, such as reserved instances and savings plans. It is utilized by professionals in various industries, including IT professionals, cloud architects, finance professionals, and technology leaders.

Key Features

Automate Key FinOps Processes: According to the vendor, RI Maximizer automates essential FinOps processes, enabling organizations to offload the day-to-day responsibility of managing their commitment portfolio. This feature is said to free up critical FinOps resources that can be allocated to other high-impact business activities.

Maximize Savings and Flexibility: The vendor claims that RI Maximizer offers a unique combination of Compute Savings Plans and Convertible Reserved Instances, ensuring consistently high commitment coverage at three-year discount rates. This provides organizations with the flexibility to choose the term length that best suits their needs while retaining the option to reduce hourly commit into the future for additional cost optimization flexibility.

Demonstrate ROI and Allocate Benefits: According to the vendor, RI Maximizer allows organizations to quantify, track, and analyze the savings achieved through their commitment program. Users of Cloudability, the platform that includes RI Maximizer, gain access to additional analytics capabilities, including the ability to allocate all commitment costs and benefits to those who consumed them. This feature enables organizations to effectively demonstrate the ROI of their commitment program and allocate the benefits accordingly.

Cloud Cost Saving Strategy: Rate Optimization: The vendor states that RI Maximizer helps organizations implement a cloud cost-saving strategy called Rate Optimization, which aims to improve infrastructure margins and reduce operational expenses. By leveraging Rate Optimization, organizations can optimize their cloud spend and achieve significant cost savings.

Offload Commitment Management: According to the vendor, RI Maximizer allows organizations to hand over the day-to-day responsibility of managing their commitment portfolio. By offloading commitment management to RI Maximizer, organizations can save time and focus on other high-impact business activities.

Supercharge Savings with Autopilot: The vendor claims that RI Maximizer puts the commitment program on autopilot, enabling organizations to achieve savings that are not attainable with a manual approach. By automating key FinOps processes, organizations can maximize their savings potential.

Flexible Term Length: According to the vendor, RI Maximizer provides organizations with the flexibility to choose the term length for commitment coverage that aligns with their specific needs. This flexibility allows organizations to optimize their cost savings accordingly.

Savings Assessment and Projection: According to the vendor, RI Maximizer offers a comprehensive savings assessment that evaluates the current commitment position of organizations. This assessment provides a detailed analysis, savings projection, and personalized explanation of savings opportunities, empowering organizations to make informed decisions.

Cost Optimization with Rate Optimization: The vendor states that RI Maximizer helps organizations optimize their cloud costs through the implementation of Rate Optimization strategies. By improving infrastructure margins and reducing operational expenses, organizations can achieve significant cost savings.

Commitment Portfolio Optimization: According to the vendor, RI Maximizer enables organizations to optimize their commitment portfolio by automating key FinOps processes. This optimization ensures that organizations are maximizing their savings potential and effectively managing their commitment-based discounting programs.