The FinOps Foundation, a project of the Linux Foundation dedicated to advancing FinOps practitioners, announced at the annual FinOps X Conference version 1.2 of the FinOps Open Cost and Usage Specification (FOCUS), the open specification for cloud cost and usage data. This latest release introduces support for SaaS and PaaS billing data, invoice-level reconciliation, and multi-currency normalization, establishing FOCUS as the unified billing format across today's Cloud+ environments.

FOCUS 1.2 unifies "Cloud+" reporting for Practitioners by folding SaaS and PaaS billing data into the same schema as core cloud spend. It also introduces an invoice ID column that links each row directly to provider invoices, streamlining charge-back and month-end close, and sharpens cost allocation with new billing account and sub account granularity. Three new providers also announced support: Alibaba Cloud, Databricks and Grafana.

"As organizations increasingly manage complex, multi-cloud and SaaS-heavy environments, FOCUS 1.2 delivers the standardization they need to understand, allocate, and optimize spend across more technology platforms," said J.R. Storment, Executive Director of the FinOps Foundation. "This release reflects the rapid expansion of the FinOps practices managing SaaS and PaaS spend alongside cloud over the last year."