FOCUS 1.2 Sneak Peek

FOCUS is the FinOps Open and Cost Usage Specification. It is an open-source specification that normalizes cost and usage datasets across cloud vendors and reduces complexity for FinOps Practitioners and version 1.2 is on the horizon.

Stay tuned for the official 1.2 announcement on June 3, at FinOpsX

Use Cases

I foresee many use cases enabled by FOCUS 1.2, including:

  • SaaS cost and usage detail for simple uses such as billing detail for number of seats, licenses, power/sq ft (data centers), hours (remote hands)
  • SaaS cost and usage detail for virtual currency use cases, like credits or tokens or other virtual currencies
  • Pricing and currency to support a multitude of SaaS cost and usage use cases
  • Currency support for non-USD and mixed currency use cases
  • Better invoice reconciliation through the new Invoice ID column enabling aggregation and ease of data to invoicing
  • and more!

Columns

7 new columns are proposed for FOCUS 1.2. Check out the FOCUS github repository for more details.

Billing Account Type

A provider-assigned identifier for the type of billing account applied to the row.

Sub Account Type

A provider-assigned identifier for the type of sub account applied to the row.

Invoice ID

The provider-assigned identifier for an invoice encapsulating some or all charges in the corresponding billing period for a given billing account.

Pricing Currency

The national or virtual currency denomination that a resource or service was priced in.

Pricing Currency Contracted Unit Price

The agreed-upon unit price for a single Pricing Unit of the associated SKU, inclusive of negotiated discounts, if present, while excluding negotiated commitment discounts or any other discounts, and expressed in Pricing Currency.

Pricing Currency Effective Cost

The cost of the charge after applying all reduced rates, discounts, and the applicable portion of relevant, prepaid purchases (one-time or recurring) that covered this charge, as denominated in Pricing Currency.

Pricing Currency List Unit Price

The suggested provider-published unit price for a single Pricing Unit of the associated SKU, exclusive of any discounts and expressed in Pricing Currency.

Other Resources

Discuss this further on LinkedIn