Shine Get

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Joined 1 year ago
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Cake day: July 1st, 2023

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  • Severn Trent Water

    The complex accounting trick started in March 2017 when a shell company, with no money or assets, called Severn Trent Trimpley was set up as part of the group. Another Severn Trent company called Severn Trent Draycote - which owns the water company - agreed to buy Trimpley for £2.

    Trimpley then issued additional shares and Draycote bought them for a staggering £3bn.

    No money actually changed hands, however, as Draycote paid Trimpley with a £3bn loan note - effectively an IOU. But, on paper, Trimpley immediately appeared to be worth £3bn because it had the IOU.

    Severn Trent Water then acquired 49% of Trimpley - and that investment was valued in the water company’s accounts at £1.47bn. A hugely valuable asset appears to have been created for Severn Trent Water out of thin air.

    Panorama discovered the Trimpley investment through the work of retired auditor Stanley Root.





  • CRM is “customer relationship management” i.e. a system to manage interactions with customers such as tracking calls, marketing emails and collateral, meetings, quoting, support tickets, and more. It tracks the lifecycle/pipeline of a sale from prospecting, lead qualification and solution mapping, demos and meetings, proposals, negotiations and commitment, opportunity win/loss, license generation, onboarding, renewals, and a ridiculously huge number of other things.

    It’s not just tracking the numbers but giving you a centralised system that all other business operations can hook into so you’ve a single source of truth about customer state so that various other operations can be triggered.

    When you’ve hundreds of sales people, numerous systems, marketing people, support teams, and more all reading and writing to the same CRM system, if that “system” was a spreadsheet, you’d be constantly deadlocking and race conditioning the hell out of it, not to mention how absurdly huge that file would become with all that historical data (since a big part of CRM is also projections and other analyses across all the data you have).













  • Thank you for the smug response however I did indeed read the article and going from 13 months to 10 days is not a trend but a complete rearchitecture of how certificates are managed.

    You have no idea how many orgs have to do this manually as their systems won’t enable it to be automated. Following a KBA once a year is fine for most (yet they still forget and websites break for a few days; this literally happened to NVD of all things a few weeks ago).

    This change is a 36x increase in effort with no consideration for those who can’t renew and apply certs programmatically / through automation.




  • fartsparkles@sh.itjust.workstoOpen Source@lemmy.mlVentoy Update
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    2 months ago

    You’ve been on vacation for 5+ months?

    Also wouldn’t it be best to post this communication in the issue thread?

    Given how long this has gone on now, it’d probably be best to inform your community that you’ll be removing BLOBs from the source and for them to be produced during build otherwise this shadow is going to remain.

    This was the first time I’ve ever heard of your software and has kind of made me want to steer clear of it.