CoreStack’s® Cloud Governance Platform Reduces Costs for Enterprise Customers

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Recently a large financial services industry company CAMS (Computer Age Management Services) chose CoreStack for their Cloud Journey transformation, found solutions to many of the cloud challenges and reduced total cloud costs by 60%.

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“Corestack is a robust cloud governance platform which helped us optimize our cloud costs and strengthen compliance. We are delighted to partner with CoreStack,” said Vasanth Jeyapaul, senior vice president at CAMS.

The demand for cloud governance in Enterprises is on the rise. CoreStack®, a leading cloud governance platform, assists customers in managing observability, consumption, compliance, and cost by leveraging cloud-native technology, connector-less integration, dynamic discovery, and orchestration of multi-cloud inventory. Recently a large financial services industry company CAMS(Computer Age Management Services) chose CoreStack for their Cloud Journey transformation, found solutions to many of the cloud challenges and reduced total cloud costs by 60%.

One of the main reasons why organizations are gravitating towards a cloud setup is the cost advantage. Enterprises are able to cherry-pick cloud services they need from a variety of competitively priced options from different cloud vendors. However, if not correctly governed, cloud environment can cause severe cost overruns and let the cost advantage slip through fingers.

“Corestack is a robust cloud governance platform which helped us optimize our cloud costs and strengthen compliance. We are delighted to partner with CoreStack,” said Vasanth Jeyapaul, senior vice president at CAMS.

CAMS is one of the largest financial services companies operating in Asia. It is a service partner to leading mutual funds, insurance companies, banks, and private equity funds. Leveraging superior technology, CAMS is a market leader bringing several innovative services to investors and distributors. But it had challenges, similar to many companies facing cloud implementation. Its goals were cost optimization and being compliant to security standards.

Challenges
While cloud adoption was essential for CAMS to be innovative and agile, the company realized it’s complex and requires expertise to effectively manage costs and compliance. They were determined to overcome challenges:

1. Escalating costs of Azure cloud
2. Expertise required to govern the security and compliance of cloud and to implement best practices in cloud operations.

These challenges were a deterrent to their plan of adopting cloud for other products and services.They needed a solution. After evaluating many options, CAMS selected CoreStack, to be their cloud governance platform to build solutions for automating cloud operations, governance and cost optimization with a single product.

Results
CAMS realized critical benefits in using a platform for cloud governance and automation instead of expensive outsourced services.
Overall cloud costs reduced by 60%
Ensured 99.99% cloud availability with consistence and predictability
Automated disaster recovery with Recovery time objective (RTO) of less than 1 hr

“Apart from deploying CoreStack platform, the Corestack team also shared best practices on
Azure architecture, sizing and consolidation of workloads and databases. All these had a significant impact on our total cost of ownership. And their after-sales support is great!” added Sriram Ganesan, assistant general manager, technology at CAMS.

With Corestack’s cloud governance platform, CAMS was able to specifically target and enhance several areas of its cloud including:

Automation of cloud operations solutions

  • Orchestration workflows for application provisioning, deployments, DR drills
  • Operations dashboard for alerts on cloud activity and machine learning based remedial actions
  • Automated back-ups, archival, monitoring and log management
  • Optimal utilization of cloud resources
  • On-demand start/stop of machines by application teams using web-hooks
  • Automatic shutdowns based on schedules and application idle times

Governance, compliance and security solutions per industry standards

  • Access control at different levels - Azure subscription, resource groups and teams
  • Azure subscription specific policy definitions, recommendations and remediation
  • Enforcing encryption of disks, files and databases and hardening of OS images
  • Securing cloud infrastructure at multiple layers using firewalls, subnets, VM configurations

Cost optimization solutions

  • Cost analytics dashboard for better visibility and control
  • Machine learning based recommendations for optimal decision making
  • Eliminated redundant set-ups using automated multi-region back-ups and DR

According to Ez Natarajan, founder and CEO of CoreStack, “What Corestack has done for CAMS is indicative of our capabilities and a good example of how we are able to assist our customers in making them significantly successful. Our next generation cloud governance platform helps customers to govern and manage the 4 C’s of cloud – Cloud Observability, Consumption, Compliance and Cost.”

CoreStack’s specialty lies in its cloud governance platform that propels enterprises in their cloud implementation whether using on-premise, public cloud, private cloud, containers, and server-less services. It abstracts all the operational complexities and offers transparency to users to automate the dynamic inventory of cloud resources and manage the day to day operational tasks efficiently with the highest automation.

About CoreStack
Bellevue, WA. based CoreStack® is a multi-cloud management company that empowers enterprises to effectively govern and optimize their cloud resources and accelerate innovation through frictionless consumption of cloud services and tools across providers. Founded in 2016, CoreStack® is built on the philosophy of leveraging Cloud-as-Code approach to unlock the potential of the multi-cloud environment. For more information, visit https://www.corestack.io.

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Stacia Kirby

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