UPCOMING EVENT Discover how nOps streamlines your cost optimization at AWS re: Invent - BOOK A MEETING

NEW Featured eBook: AWS Cloud Cost Allocation: The Complete Guide - Download Now

Kurtosys Achieves Complete Cloud Cost Visibility and Lowers On-Demand Costs by More than 34% with nOps

Industry

FinTech / Financial Services for Investment Managers

Location

London, England

Challenge

Lack of visibility into cloud costs and managing commitments at scale

Featured Service

Overview

Kurtosys is a leading provider of reporting and digital experience solutions for the investment management industry. They specialize in enhancing the customer experience across the investor lifecycle. From best-in-class fund centers, sales presentations, fund factsheets, client reports and secure client portals, Kurtosys helps deliver insights reliably and at scale. Kurtosys’ secure cloud-based platform is trusted by both medium and large investment managers and fund administrators world-wide.

The Challenge

As a FinTech company helping clients deliver global services, Kurtosys supports its various business operations with a large and complex AWS cloud infrastructure. Managing this environment became increasingly challenging as the company scaled its operations. Kurtosys needed to meet stringent regulatory requirements and maintain high levels of security for sensitive financial data as they quickly deployed new services across regions to meet customer demand. These factors contributed to increased AWS (Amazon Web Services) expenses and made cost management and commitment management time-consuming and difficult to optimize.

Previously Kurtosys managed their own AWS commitments, including Savings Plans and Reserved Instances. However, without a comprehensive view into their AWS environment costs, it was extremely difficult to make informed decisions on how to optimize resource usage. The tipping point was when AWS expenses started exceeding budget forecasts. Kurtosys realized it needed a more efficient and automated solution to manage cloud resources and costs.

The Solution: nOps Commitment Manager

Kurtosys chose nOps for its ML-driven automated management of Savings Plans and Reserved Instances, significantly reducing manual effort and ensuring optimal savings. nOps analyzed Kurtosys’ usage across all of its AWS accounts, regions, workload type, and other relevant dimensions to determine the optimal level of commitment. Plus, nOps’ risk-free guarantee ensured Kurtosys achieved 100% utilization of commitments.

Additionally, nOps provided comprehensive visibility into its AWS environment. The real-time insights and proactive recommendations provided by nOps empower the Kurtosys team to make informed decisions and maintain control over its AWS expenditures. By analyzing cloud resource usage, nOps identifies idle resources, optimizes resource allocation, and rightsizes infrastructure to achieve significant cost savings.

nOps’ automation capabilities reduce manual effort required, allowing Kurtosys to focus on core business activities. nOps offers a scalable solution that adapts to Kurtosys’ rapid growth, ensuring consistent optimization as business needs evolve, while meeting the stringent security demands of its financial services clients.

Business Impact

With nOps, Kurtosys reduced On-Demand AWS costs by more than 34% over the last year, saving hundreds of thousands of dollars.

Kurtosys gained real-time visibility into its AWS spending, allowing it to precisely allocate and forecast costs. Kurtosys was also able to automate its cost optimization and commitment management efforts, freeing up engineering resources to focus on building and innovating for its clients.

nOps has transformed how we manage our AWS infrastructure. We considered several solutions, including another Reserved Instance solution, and then decided to work with nOps because it was a more complete solution. It gave us automated commitment management and an effortless way to track and monitor our costs with Business Contexts. We have seen a significant reduction in costs and highly recommend nOps to any organization looking to optimize their cloud costs and improve operational efficiency.
Herman Lotter, Technology Operations Manager

Read More Stories of nOps