specification: FinOps Framework
specificationVersion: '1.0'
schema: https://www.finops.org/framework/
provider: Formance
providerId: formance
created: '2026-07-01'
modified: '2026-07-01'
reconciled: false
tags:
- Financial Infrastructure
- Ledger
- Payments
- FinOps
- Cost Management
- FOCUS
description: >-
  FinOps view of Formance spend. Formance can be consumed as free, self-hosted
  open-source components (where cost is your own infrastructure and operations)
  or as managed Formance Cloud (quoted by sales on a usage / volume basis, with
  Enterprise agreements). Because Formance itself moves money, cost management
  spans two layers: the platform cost of running Formance, and the downstream
  processing fees charged by the payment connectors it orchestrates.
notes: >-
  Public unit rates for Formance Cloud were not published at authoring time;
  reconcile actual meters and rates with Formance sales. Connector-side fees
  are billed by the underlying processors, not by Formance.
sources:
- https://www.formance.com/pricing
- https://docs.formance.com
- https://focus.finops.org/focus-specification/v1-3/
alignedWith:
  framework: FinOps Foundation Framework
  frameworkUrl: https://www.finops.org/framework/
  dataSpec: FOCUS
  dataSpecVersion: '1.3'
  dataSpecUrl: https://focus.finops.org/focus-specification/v1-3/
publisherName: Formance
serviceCategory: Financial Infrastructure
billingModel:
  pricingCategory: Usage-Based
  billingFrequency: Monthly
  billingCurrency: USD
  chargeCategories:
  - Usage
  - Purchase
  - Adjustment
focusColumns:
  ServiceName: Formance Cloud
  ServiceCategory: Financial Infrastructure
  ProviderName: Formance
  PublisherName: Formance
  InvoiceIssuerName: Formance
  BillingCurrency: USD
  ChargeCategory: Usage
  PricingCategory: Usage-Based
meters:
- name: ledger_transactions
  description: Double-entry transactions posted to the ledger, a primary volume driver on Cloud.
  unit: transactions
  aggregation: sum
  dimensions:
  - stack
  - ledger
- name: payments_processed
  description: Payments ingested and orchestrated through the Payments module.
  unit: payments
  aggregation: sum
  dimensions:
  - stack
  - connector
- name: workflow_runs
  description: Flows orchestration workflow instances executed.
  unit: instances
  aggregation: sum
  dimensions:
  - stack
  - workflow
- name: connector_fees
  description: >-
    Downstream processing fees charged by underlying payment providers
    (Stripe, Wise, Adyen, etc.); billed by those providers, tracked here for
    total cost of money movement.
  unit: currency
  aggregation: sum
  dimensions:
  - connector
  - asset
- name: self_hosted_infrastructure
  description: Compute, database, and storage cost of running open-source Formance yourself.
  unit: currency
  aggregation: sum
  dimensions:
  - environment
principles:
- name: Visibility
  description: Track ledger transaction and payment volume per stack; separate Formance platform cost from downstream connector fees.
- name: Allocation
  description: Tag stacks / ledgers / workflows to teams and products; map connector fees to the flows that generate them.
- name: Optimization
  description: >-
    Self-host open-source components where operations capacity exists; batch
    and consolidate money movements to reduce connector fees; prune unused
    connectors and idle stacks.
- name: Accountability
  description: Assign owners per stack and per connector; review money-movement volume and processing fees monthly against budget.
maintainers:
- FN: Kin Lane
  email: kin@apievangelist.com