Hybrid Cloud Management X (HCMX) is a solution for cloud financial management (FinOps) as well as for cloud provisioning. It provides a service catalog and self-service capabilities. Additionally, it supports compliance enforcement, governance, and lifecycle orchestration spanning hybrid and multicloud environments.

HCMX comes in two editions:

• HCMX Premium—generally referred to as HCMX.
• HCMX FinOps Express—which includes only the cloud financial management (FinOps) capabilities of HCMX’s broader coverage.

Absolutely! Whether you are a small or a medium-sized company, or a large corporation, HCMX FinOps Express has the scalability to meet your specific financial management needs.

Reservations or reservation-based commitments refer to a pricing model used by public cloud providers where discounted rates are offered in exchange for pre-purchasing computing resources for a specified duration.

Reserved Instances (AWS), Reserved Savings (Azure), and Committed Use Discounts (Google Cloud) offer discounted pricing tied to committing to specific instance types or resources.

Another increasingly popular reservation-based model is Savings Plans. They provide a more flexible pricing model that isn’t tied to any specified instance type or resource. Instead, with Savings Plans, customers commit to a certain amount of compute usage (in exchange for a discount) that can be applied flexibly to various types of instances or services.

HCMX helps you take full advantage of all the reservations-based pricing models described above. It analyzes your usage patterns and pulls information directly from cloud providers to deliver recommendations that will cut your cloud waste.

No, the SaaS and on-premises licensing models are the same. For more information about FinOps licensing, please reach out to us here.

HCMX FinOps Express provides a unique approach to cloud cost management, emphasizing both waste reduction and precise spend control. It is a comprehensive FinOps solution supporting all key areas of FinOps, and excels in several important areas, including:

• Advanced reporting: Depth and variety of reporting aimed at various stakeholders: engineering (showback), finance, and leadership (executive level dashboards).
• Savings plans optimization: Improving savings plan recommendations that come from AWS and Azure for optimal cloud cost-effectivness.
• Engagement and ease of use for engineers: Involving engineers in the process of cloud usage optimization and waste removal.
• GreenOps: Providing valuable insights into IT carbon emissions across multicloud operations.

Yes, HCMX FinOps Express is designed to seamlessly integrate with various IT management solutions, enhancing overall financial operations in cloud environments, and delivers ready-to-use integrations with other OpenText solutions, third-party tools, open-source apps, add-ons, and more. These integrations expand the functionality of your existing solutions.