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Joseph Tomasulo

Global CFO

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What do you do with unsolicited vendor gifts?

People & Leadership Financial Management Vendor Management

Keep it

I never accept them

Donate it

Depends on the dollar amount

Other (leave a comment)

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23.7k views10 Upvotes35 Comments

The audit industry has faced significant criticism due to various audit failures, conflicts of interest, and lack of transparency. Is it time to change the way audit firms work entirely?

Auditing & Logging Finance Financial Management

Yes

Not sure

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1.3k views2 Upvotes2 Comments

CFOs and finance leaders, what actions are you considering to address the talent shortage?

Talent Sourcing & Hiring Culture & Values Talent Management & Performance

Investing in upskilling

Automating manual tasks

Outsourcing/offshoring

Expanding recruiting or staffing team

Lowering some job qualifications/requirements

Increasing hybrid or flexible work arrangements

Increasing benefits

Increasing compensation

Something else (comment below!)

We aren't experiencing a talent shortage/we don't plan on doing anything

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1.6k views1 Upvote1 Comment

Is your organization going to be impacted by the Organization for Economic Cooperation and Development’s (OECD) new global minimum tax rate? How will you deal with this?

Finance Financial Management Regulatory Compliance

Yes

Unsure

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810 views1 Upvote

Do you believe that current pace of digital transformation in finance is leaving behind traditional skills? How is your company reacting?

Finance Financial Management Culture & Values

Yes

598 views1 Comment

What is the second most important factor for you when considering joining a company, after pay and benefits?

Career Growth Opportunities

Company Culture and Values

Work-Life Balance

Job Security

Location and Commute

Opportunities for Skill Development

Company Reputation and Brand

Employee Recognition and Appreciation

WFH option

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3.7k views3 Upvotes

As we approach the second half of the year, what are you focused on as a finance leader?

Finance Financial Management Security+2 more

Value creation

Operational efficiency

Talent/culture

AI and Digital Transformation

Cybersecurity and risk

Other

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136 views1 Comment

CFOs and finance leaders, what do you think is the most important skill you should be focused on personally in order to avoid turnover on your team?

Personal Development Culture & Values Finance+1 more

Joseph TomasuloGlobal CFO2 months ago

Creating a motivating and learning environment with communication as a key element.

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609 views4 Comments

Besides people, process, and technology, what are the key mindset or cultural shifts that need to happen within a team for finance transformation not to fail?

Business Applications People & Leadership Finance

Joseph TomasuloGlobal CFO7 months ago

It's imperative to gain full buy-in from the beginning. If there are individuals attempting to undermine the project, it can be detrimental to the overall success. Early buy-in can be used as fuel to keep the project ...read more

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87 views5 Comments

What role should other finance leaders play in finance transformation efforts, beyond just supporting the CFO’s vision? What role should other leaders across the business play?

People & Leadership Finance

Joseph TomasuloGlobal CFO7 months ago

Leaders within the accounting and finance departments should serve as liaisons to the business departments. Traditionally, accounting and finance are supporting functions, and it's crucial to remember this during transformation ...read more

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1.5k views3 Upvotes5 Comments

What is one question that should be asked before starting a transformation journey?

People & Leadership Finance

Joseph TomasuloGlobal CFO7 months ago

Before embarking on a transformation journey, it is crucial to engage with each business unit leader. Ask them about their specific pain points when it comes to finance. Is it viewed as just an exercise? Are they constantly ...read more

2 1 Reply

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307 views1 Upvote4 Comments

As a finance leader, what is the best approach to leading (or…let’s be honest, maintaining control over) technology delivery, while remaining in step with the CIO/IT team?

Peer Insights Business Applications Finance+1 more

Joseph TomasuloGlobal CFO7 months ago

For a finance leader aiming to maintain control over technology delivery while aligning with the CIO/IT team, leveraging a single ecosystem like Microsoft's offers a strategic advantage. The Microsoft ecosystem, encompassing ...read more

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126 views1 Upvote5 Comments

How do you align the rest of the C-suite and leadership with the finance transformation roadmap? How does this differ from marshaling other leaders within the business (e.g., HR, sales, marketing, etc…)?

Peer Insights People & Leadership Finance

Joseph TomasuloGlobal CFO7 months ago

In my view, it's crucial not to treat finance any differently. As the finance team, we are the stewards of the overall investments that we select for the business. It's important to govern our investment process with ...read more

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91 views5 Comments

What new roles, if any, are required for a digitally focused finance function? Where do you draw the line between simply adjusting current responsibilities and creating new roles?

Finance Peer Insights Business Applications+1 more

Joseph TomasuloGlobal CFO7 months ago

Attracting and retaining talent is challenging nowadays. We try to leverage technology by subscribing to a few SaaS applications. These applications come with a lot of tutorials and online videos, and we have great people ...read more

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197 views1 Upvote4 Comments

How do you make large transformation efforts without disrupting the accounting close process?

Finance Business Applications Peer Insights+1 more

Joseph TomasuloGlobal CFO7 months ago

Engaging the accounting team to understand the potential impacts of the financial transformation is crucial. Additionally, I suggest running the processes or systems in parallel until the transformation is complete. This ...read more

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102 views1 Upvote4 Comments

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