$600,000+ in Savings with GCP and FinOps Best Practices

Business Opportunity

Driving Cost-Effective Cloud Operations

The client, a leading private general insurance provider in India, formed through a joint venture between a top domestic financial firm and a global reinsurer, offers a wide range of insurance products for individuals and businesses. Known for its strong customer focus, tech-driven services, and extensive branch network, the company also provides 24/7 support and continuously launches innovative solutions.

The client faced excessive cloud costs due to idle resources running continuously and insufficient access controls that led to uncontrolled resource provisioning and unnecessary spending. To support the client’s cloud modernization goals and reduce their $2 Million annual cloud spend, Niveus recommended automated CloudOps, FinOps best practices, and guardrails to optimize resource usage and control costs.

The Challenge

• High Idle Resource Costs: A significant portion of the $2M annual cloud spend was wasted on underutilized and idle resources running continuously.
• Limited Visibility and Overspending: Lack of clear insight into project-wise usage led to uncontrolled and inefficient cloud expenditures.
• Unrestricted Access and Resource Provisioning: Weak access controls caused unnecessary resource allocation, driving up costs unnecessarily.

Our Solution

To support the client’s modernization journey and help them evolve into a digital- and AI-focused organization, Niveus implemented FinOps best practices to effectively manage cloud spending and enhance cost visibility through custom-built dashboards. A centralized platform was created to monitor project-wise GCP costs, while real-time alerts and automated resource provisioning ensured efficient and policy-aligned operations.

Security was strengthened through the deployment of a vulnerability dashboard with integrated real-time notifications, enabling quicker threat responses. Additionally, a streamlined CI/CD pipeline was developed to accelerate code deployment. These solutions collectively improved operational efficiency, reduced cloud costs, and advanced the client’s digital transformation goals.

Results

• $600,000+ Saved Annually: Implementing Niveus’ FinOps best practices significantly reduced cloud waste and optimized resource utilization.
• $105,000+ Saved Annually From 3 Years VM Commitment Alone: Secured over $105,000 in yearly savings with a three-year committed use of VMs alone.
• $50,000+ Savings Monthly: Achieved over $50,000 in monthly GCP cost savings through various FinOps initiatives.
• 69,000 GB+ Idle Resources Optimized: Successfully terminated more than 69,000 GB of idle disks to cut unnecessary costs.
• Real-Time Cost Monitoring: Implemented Looker Studio dashboards for actionable insights and timely responses to spending trends.
• Improved Cost Visibility: Enhanced transparency of GCP infrastructure costs at the application level using labeling best practices.
• Effective Spend Tracking: Introduced GCP Budgets under FinOps Guardrails to better monitor and control expenditures.

Power of Partnership

Niveus brought deep cloud expertise and a strategic implementation approach to help the client achieve their modernization goals. By aligning cloud infrastructure with FinOps best practices, Niveus ensured cost-effective operations without compromising performance. The team built custom dashboards for real-time visibility, automated resource provisioning for operational efficiency, and established robust monitoring and alerting systems to ensure seamless scaling. Through close collaboration and a deep understanding of the client’s needs, Niveus delivered tailored solutions that drove measurable savings and laid a strong foundation for future-ready, AI-driven innovation.

Benefits of FinOps with Niveus

• Optimized Cloud Spending: Niveus helps enterprises reduce waste and control costs through proactive monitoring and smart resource allocation tailored to business needs.
• Improved Cost Visibility: With custom-built dashboards and detailed reporting, Niveus enables clear tracking of cloud expenses across teams, projects, and environments.
• Informed Decision-Making: Niveus empowers stakeholders with data-backed insights, enabling strategic choices around usage, budgeting, and cost optimization.
• Operational Efficiency: Through automation of provisioning and governance, Niveus minimizes manual intervention while ensuring policy-compliant resource usage.
• Scalable Governance: Niveus implements robust guardrails and FinOps best practices that scale with the organization’s growth while maintaining financial discipline.
• Stronger Collaboration: Niveus bridges gaps between engineering, finance, and business units, fostering a unified and accountable approach to cloud financial management.