Cost AttributionAttribute shared costs to customers and internal teams
Companies must attribute shared costs to customers and internal teams for effective management of cost leadership. Finance and engineering should communicate using unit cost and internal rate cards, enabling efficient budgeting and forecasting. OpenMeter's FinOps unit economics solution helps companies attribute shared costs and predict vendor expenses like OpenAI token usage. By combining cost and meters into resources, businesses can break down resource costs by customers or groupings. Unit economics establishes a common language between teams and fosters better decision-making in product development and pricing strategies, ultimately leading to increased profitability.
Company
OpenMeter
Date published
Feb. 7, 2024
Author(s)
Peter Marton
Word count
360
Language
English
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