You have growing storage demand, but a limited capital budget. Cloudian FlexStore offers a solution. It combines a cloud-like financial model with on-prem storage. An attractive alternative to either traditional purchases or cloud storage, Cloudian FlexStore gives you another option to meet your storage needs.
Cloudian FlexStore lets you pay for storage as it’s consumed. At the end of each month, you receive an invoice for the capacity used during that month. Billing can go up/down from month to month.
Unlike cloud storage, Cloudian FlexStore lets you host storage in your data center or colocation facility, behind your firewall and connected directly to your network. You get the storage security and performance you expect from an on-prem asset, combined with greater financial flexibility.
A Cloud-Like Financial Model
Cloudian FlexStore allows your storage to be accounted for as an operating expense (OPEX), rather than a capital purchase (CAPEX). It goes in your monthly expense budget, just as cloud storage would. For some firms, this offers significant accounting benefits. Capital expense items may impact performance ratios used for covenants or incentive payments. (Note that final treatment is always at the discretion of the firm’s finance team and auditors.)
Consumption Model vs Leasing
In the past, leasing provided a simple means to account for assets as an operating expense. That is no longer the case. New rules now in effect for publicly-traded firms treat most leases as capital expenses.
A consumption model is not a lease. There is no fixed payment, and the payment is dependent on the usage of the asset rather than on a financial metric such as interest rates, thus allowing treatment as an OPEX.
Match Incoming Cash Flow to Expenses
For some businesses such as service providers, matching expenses to storage usage can be an effective way to manage cash flow. With a consumption model, payments can rise and fall in synch with income, thus preserving working capital.
A common storage pain point is capacity expansion. When the storage is full, you need more space now, which may not alway be possible, given real-world budget constraints. A consumption model lets you expand storage when needed without impacting your CAPEX budget. A new contract will be required (to reflect the added gear), but you still pay only for the storage consumed.
Less Cost than Cloud
Cloudian FlexStore is affordable. Costs are less than what you’d pay for most public cloud storage: under 1 cent per usable GB per month is typical pricing, and may be even lower depending on your usage and configuration. Of course, there are no ingress/egress charges. And you pay nothing for bandwidth since the storage is in your data center. Contact Cloudian for a quote for your use case.
FlexStore + HyperStore Object Storage = A Perfect Match
Cloudian HyperStore object storage is limitlessly scalable: simply add nodes to grow on demand in a single namespace. Now Cloudian FlexStore lets you capitalize on that storage flexibility with the most flexible financing plan. Pay only for what you use, and grow on demand with no additional capital outlay.
Available in North America
This program is currently available to North American entities, though the equipment may be located anywhere in the world.
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