Insurtech Leader Reduces Azure Cloud Spend by $860K with Savepro
Cloud investments grow with your business, and for many companies, cloud costs can scale quickly as new services, features, and data demands enter the fold. For an Insurtech company working closely with Azure, their rapid growth brought equally expanding cloud costs. They turned to 2bcloud to help them streamline and optimize, looking for more efficient ways to manage this growth sustainably.
Solution – A Multi-Faceted Approach with SavePro
SavePro is a revolutionary AI-powered tool built for simplifying Azure cost management.
By implementing 2bcloud’s SavePro, this customer transformed its approach to cloud cost management, creating both immediate and long-term efficiencies.
Together, we adopted a phased, collaborative process that delivered ongoing visibility and sustainable savings.
Step 1: Building Complete Visibility and Engagement
Our first step was to help the entire team—from engineers to executives—see and understand the factors driving their costs. Working together, we set up custom dashboards and intelligent alerts to cut through the noise, making it easy for key players to spot cost trends and dig into specific areas of growth. This wasn’t about eliminating essential cloud features; it was about identifying what could be better optimized and where inefficiencies hid.
Step 2: Setting Business Goals for Smarter Optimization
Rather than chasing immediate reductions, we worked with the customer to define KPIs and targets that aligned with their growth trajectory. Using a shared task board, we tracked real-time progress, adjusted priorities, and gave everyone a clear line of sight on how optimizations fit into their broader business goals.
Step 3: Precision Optimizations with SavePro
Our approach with SavePro is laser-focused on optimizing for the right balance of performance and efficiency. Here’s where we made the biggest impact:
- Virtual Machines: By evaluating underutilized VMs and running a “right-sizing” initiative, we tailored VM sizes to real usage patterns, reducing costs by approximately 20% without impacting performance. Leveraging Azure BYOL (Bring Your Own License) further reduced Windows and SQL licensing fees.
- Storage Optimization: Many of their workloads had shifted to high-cost Premium disks. We identified where Standard or lower-cost options were more appropriate, immediately reducing unnecessary storage spend.
- Lifecycle Policies for Blob Storage: We introduced automated policies for archiving or deleting outdated data, which helped streamline blob storage and reduce costs by 40%.
- Recovery Vault Adjustments: Backup and recovery are non-negotiable for Insurtech. By finding the optimal backup cadence, we balanced cost efficiency and compliance, lowering overhead costs without sacrificing regulatory requirements.
Step 4: Leveraging Long-Term Commitment Plans
We helped the customer take advantage of long-term commitment plans that gave them deep discounts on essential services while preserving the flexibility to adjust as they grew. These commitments made a considerable impact on overall costs while supporting future changes.
Automating for the Future with SavePro
SavePro’s automation is key to helping our customers maintain a lean, optimized cloud environment as they scale. With SavePro’s real-time optimizations and automated cost-cutting tools, the Insurtech company can now independently detect inefficiencies, receive actionable recommendations, and automate routine tasks. This approach means that even as their cloud footprint grows, costs remain manageable and under control.
Results: $860K in Annual Savings and a FinOps-Centric Culture
Through this collaboration, the Insurtech company now enjoys:
- $860,000 in annual Azure cloud savings.
- Full cost visibility across teams.
- A FinOps-aligned mindset that empowers continuous optimization.
With 2bcloud’s SavePro, this company is not only saving today but is set up to scale sustainably, keeping cloud costs firmly in check as they grow.