> For example, employees of the FTX Group submitted payment requests through an on-line ‘chat’ platform where a disparate group of supervisors approved disbursements by responding with personalized emojis.
Honestly having had to deal with the hell that is a purchasing request in large corporations I think I'd rather go with a discord bot than have to spend 6 months justifying why I need to purchase a $50 piece of software to do my job.
Similar. The best reimbursement system I’ve worked with was for a company that just automatically approved everything under a few thousand dollars (never states a hard threshold) based on individual professional judgement to spend funds to advance company goals. And they audited every purchase ever made when you went for partner.
It was both liberating and terrifying to have that much freedom. The audits weren’t widely available so it’s hard to know how effective this was, but it was pretty rare to hear about people not making partner because of it and they were super thorough about every charge, frequently asking for detail.
I liked one of my old bosses for this. He'd notice a meeting with 5 engineers about licensing some software and would swoop in.
"How much is the license for this software?" Upon hearing an answer, "The company bills your time out at $250/hr - this meeting has cost us the licensing fee of this software. Next time, just buy it. If I have a problem with that, I'll change the policy then."
kneebonian|3 years ago
prepend|3 years ago
It was both liberating and terrifying to have that much freedom. The audits weren’t widely available so it’s hard to know how effective this was, but it was pretty rare to hear about people not making partner because of it and they were super thorough about every charge, frequently asking for detail.
ceejayoz|3 years ago
FireBeyond|3 years ago
"How much is the license for this software?" Upon hearing an answer, "The company bills your time out at $250/hr - this meeting has cost us the licensing fee of this software. Next time, just buy it. If I have a problem with that, I'll change the policy then."
hef19898|3 years ago
cortesoft|3 years ago