Preston Tauscher of AvidXchange Shares How to Optimize Costs with Tagging & Metrics (EP 21)
How can FinOps leaders drive both cost efficiency and innovation?
In this episode of FinOps in Action, I sat down with Preston Tauscher, Senior Product Owner of FinOps at AvidXchange, who brings over three decades of experience in digital transformation. Preston shares how his leadership journey has shaped his approach to cloud financial operations, offering practical insights for FinOps practitioners navigating complex enterprise environments.
Together, we dive into key topics, including:
How AvidXchange uses unit costs and Tag-a-thons to optimize cloud spend and drive operational excellence
The importance of metrics-based management and actionable reporting
Sell the ‘WHY’... to help center FinOps Persona’s on the VALUE of embracing change
Strategies for predicting costs of new products using historical data
How to foster a culture of accountability and innovation
Focus on ‘Data’ and building ‘Relationships’ across the Organization to drive positive change
Organizations always have differing Priorities - use Data & Value to drive alignment on the most important efforts
Preston’s career reflections and advice for aspiring FinOps leaders
Whether you're scaling FinOps in a growing organization or refining your cost optimization strategy, this episode is packed with real-world lessons and leadership takeaways.
Quote of the Show:
“Everybody is always interested in the cost optimization and savings, and there are many different metrics used across Information Technology, but the one common metric that everybody gets is Dollars. ” - Preston Tauscher
Connect with Preston:
Company website: https://www.avidxchange.com/
In this episode, Preston Tauscher of AvidXchange shares how FinOps leaders can balance cost efficiency with innovation by leveraging unit costs, actionable metrics, and predictive strategies. He offers practical advice on fostering accountability and driving results in complex enterprise settings. A must-listen for anyone looking to elevate their FinOps leadership and impact.