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Agreed. It's certainly possible to build way more robust controls using chatops than email or some internal "enterprise" app. FTX may not have implemented it th
by ralph84 4y ago
Agreed. It's certainly possible to build way more robust controls using chatops than email or some internal "enterprise" app. FTX may not have implemented it this way, but one could envision the chatops automatically requiring approvals from the correct people based on dollar amount and expense type. And requiring those people to 2FA with their approval.
- hef19898 4y agoSo, basically building auditable accounting systems in house instead of buying existing solutions? Yeah, but no.
- ralph84 4y agoThere are a lot of fucked up things about FTX, but "omigod they didn't use SAP" isn't one of them.
- hef19898 4y agoAssuming I was talking about SAP when saying accounting systems, for what is basically banking, shows a certain lack in understanding either of those systems.
- ralph84 4y agoMy finance colleagues (Fortune 100 company) who spend all day updating the general ledger in SAP will be interested to learn SAP doesn’t make accounting systems.