Our goal at Spendbot is to be the world’s best (and perhaps first) Personal Financial Execution System. The word “execution” means that it has to work- always. Not so easy, as my experience has recently shown.
First, I went to log into a cloud storage account and saw “Something went wrong and we can’t sign you in right now. Please try again later”. After two days of trying “later”, I contacted the company and they told me there’s a problem with the latest software release. What- this couldn’t be discovered in testing?
I also heard a rideshare company recently sent out incorrect payment statements. Apparently, a switch in commission structures created an opportunity for errant math. Wouldn’t a change cause someone to check this out ahead of time?
Lastly, I discovered my debit card had been compromised. This, after cancelling my previous card to keep it from being compromised. Card-skimming and POS hacking has occurred for over 20 years.
So when people ask how Spendbot is going, I say “slow”. But behind the scenes, we’ve been taking Spend Plans into our database and running it and our base application in the cloud for over a year, we’ve received and made hundreds of payments, and we’ve talked with and learned from some of the top accountants and lawyers and IT experts in the world, all to make sure that Spendbot works- always.
So whether it be EMV card chipping or 256 suite-B encryption or backups of the backups or redundant systems or architecting with proven solutions that aren’t flavor-of-the-day technology, everything we’re doing is focused on Spendbot working- always. And while it will be awhile before we start handling larger amounts of money, in the meantime we have a set of useful planning and tracking features coming out in a couple months so clients can see how user-friendly, and secure, a PFES can be- and how it can always work.
Visit www.spendbot.com and make your Spend Plan today.