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Luca Condosta

R2R Group Finance process Owner - Finance Master Data Domain Manager - GBS Finance Manager Americas at ABB

Zürich, Switzerland

- Strong business experience in Finance and Risk Management topics with a global perspective, with solid understanding of accounting, reporting and audit issues
- Deep knowledge of Shared Services industry with global experience in setting up new cross country centers
- Experienced Program manager and change agent able to share a clear vision to bring together resources with a common target
- Strong knowledge and expertise on IFRS conversion and USGAAP
- Implementation of ERP accounting systems (SAP FI, CO and legacy systems)
- Setup of an internal control system over financial reporting (SOX compliance& Anti fraud program), with effective reports to Audit Committee, CFO, external auditors
- Extensive academic research performed in Business Ethics and Corporate Social Responsibility
- Set up of Corporate Sustainability reporting and support in sustainable auditing activities
- Creation of effective partnerships with governments and NGOs in developing countries.

Available For: Authoring, Consulting, Speaking
Travels From: Zürich, Switerland
Speaking Topics: Master Data, Process Improvement, Data analytics

Luca CondostaPoints
Academic20
Author138
Influencer0
Speaker9
Entrepreneur10
Total177

Points based upon Thinkers360 patent-pending algorithm.

Thought Leader Profile

Portfolio Mix

Company Information

Company Type: Enterprise
Theatre: Switzerland

Areas of Expertise

Analytics 31.86
Business Continuity
Business Strategy 32.96
Change Management 30.36
Climate Change
Data Center 30.23
Digital Transformation 30.70
Innovation 30.49
Leadership 32.42
Management 39.97
Sustainability 44.93
Social 31.38
Risk Management 30.80
COVID19
Future of Work
ERP 31.32
HR
Lean Startup 30.49
CSR 45.86

Industry Experience

Engineering & Construction
Manufacturing
Oil & Gas

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Publications

8 Article/Blogs
From dashboards to insights
Towards Data Science
July 05, 2020
Five principles to change the way you look at them and boost their usage.

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Tags: Analytics, Digital Transformation, Data Center

Do you really have a data strategy?
Towards Data Science
June 20, 2020
Many companies claim of having a data strategy. Let’s see what makes this real.

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Tags: Analytics, Digital Transformation, Leadership

How to foster productivity in virtual team
Medium
May 03, 2020
Benefit from LEAN techniques while working from home.

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Tags: Lean Startup, Management, Leadership

How to bounce back from your quarantine: tips from the space
Medium
April 13, 2020
Claude Nicollier, the first Swiss astronaut shares his thoughts on how to cope with quarantine

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Tags: Management, Leadership, Change Management

How business managers can change their way of working during the Corona crisis
Medium
April 05, 2020
Three simple pieces of advice for managers to rethink their role during Covid-19 time

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Tags: Management, Leadership, Change Management

How to build a data-driven culture
Towards Data Science
November 03, 2019
Seven proven insights to strengthen the data journey in organizations.

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Tags: Analytics, Digital Transformation, Leadership

Sustainability reporting: evolution of standards
Amministrazione & Finanza, n.3/2013
March 01, 2013
The paper, starting with an overview of reasons why a company should report on its sustainability, shows constraints of ordinary financial reports and gives an overview of sustainability reporting standards. In particular the paper illustrates those already obsolete and those becoming international accepted, with some insights on Exposure Draft of GRI 4 standard.

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Tags: Innovation, Sustainability

The Audit of the sustainability reporting
Amministrazione & Finanza
September 01, 2008
A paper on how to audit sustainability reporting and which audit standard to use.
Amministrazione & Finanza, n. 9/2008.

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Tags: Sustainability

2 Books
Natuzzi: The Italian Harmony Maker
Lid Publishing
February 22, 2018
The book is about the history of Natuzzi, Italy’s largest furniture house.
It is a story of passion, leadership and dreams.Founded back in 1959 by Pasquale Natuzzi – current Chairman and Chief Executive Officer – in a small village in the South of Italy, Natuzzi is today among the largest players in its sector, with seven manufacturing plants, twelve commercial offices and more than 1200 points of sale worldwide. This book tracks the history of the company, using stories and anecdotes collected through interviews and reading the house organ magazine and the press releases since 1990. The beauty of the company’s history lies in putting its social ethical mission at its heart since the beginning while still adopting industrial techniques.

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Tags: Business Strategy, Leadership, Management

Il bilancio sociale d’azienda. Teoria e tecniche di redazione
Ipsoa
January 02, 2008
A book to understand the theoretical background of CSR and national and international frameworks to write effective sustainability reporting.

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Tags: Sustainability, Management, CSR

1 Book Chapter
Environmental reporting and value added
Giuffre
June 01, 2006

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Tags: Management, Social, Sustainability

2 Industry Awards
Hackett digital award finalist 2020
The Hackett Group
June 09, 2020
Awarded finalist for the Hackett Group Digital Award.
Project awarded Record-to-Report Analytics & Cockpit Dashboard.

ABB set out to use automation to address a highly fragmented and manual process for tracking its record-to-report team performance, which operate in more than 100 countries with 50+ different ERP systems.

ABB redesigned its system of key performance indicators (KPIs) for record-to-report, shifting from a manual-driven system to one that is fully automated. A balanced and weighted scorecard was created, and all KPIs are now generated automatically from structured and unstructured data sources. Users have full visibility into their scores, via a dashboard, understanding underlying elements, trend analysis, and more, so they can see where improvements are needed. Mindset is moved from producing to using the KPI and this is a strong enabler to the performance of the global business center in finance.

The new system is now at the core of the operations for ABB’s Finance global business center record-to-report teams and part of their yearly performance appraisal. Each month a central team generates the dashboard and identifies, together with the hubs, opportunities to improve by changing the behaviors in operations and generating a better score. Results from the dashboard are now available to everyone, helping boost performance improvement. ABB is now raising the bar further, using data mining tools to identify patterns in journal entries, potential accounting fraud cases, and predict critical areas that require monitoring.

The system, which took six months to develop and fine tune, went into operation globally. It is generating savings largely via freeing up capacity from the staff producing KPIs. Other benefits include reduced conflicts and misperception towards global business services, increased sense of ownership by local teams, and a greater understanding of how efficiency and effectiveness can be improved

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Tags: Analytics, Digital Transformation, Leadership

CDQ - Master Data Good Practice Award 2017
CDQ - Corporate Data Quality Center
December 06, 2017
Awarded Finalist in 2017 for the work done at ABB on Master Data (Finance + Customer & Vendor).
See more details in the link

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Tags: Analytics, Digital Transformation, Leadership

4 Journal Publications
Sustainability reporting: evolution of standards
Amministrazione & Finanza, n.3/2013
February 22, 2013
The paper, starting with an overview of reasons why a company should report on its sustainability, shows constraints of ordinary financial reports and gives an overview of sustainability reporting standards. In particular the paper illustrates those already obsolete and those becoming internationally accepted, with some insights on Exposure Draft of GRI 4 standard.

See publication

Tags: Business Strategy, Sustainability

How banks are supporting local economies facing the current financial crisis: An Italian perspective
International Journal of Bank Marketing, Vol. 30 Iss: 6, pp.485 - 502
September 07, 2012
Purpose – This paper aims to understand how Italian banks are supporting their local economies in facing the current financial crisis through corporate social responsibility (CSR) strategies.

Design/methodology/approach – This paper is the result of research conducted through multiple case studies to identify best practices in the Italian financial sector.

Findings – The research shows that banks are working in the CSR field, not only with a compliance approach but trying also to support the local economies where they operate.

Research limitations/implications – Only a limited number of banks were studied and the research relied on banks' web sites and documentation – which may be affected by self-reporting bias.

Practical implications – The paper presents an example of how banks can integrate societal needs in their daily business, improving the context and by that improving also their reputation.

Originality/value – The paper illustrates that the current financial crisis offers banks the possibility to rethink their societal role and move from a compliance approach to CSR to a more strategic one.

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Tags: Innovation, Sustainability, CSR

The strategic relevance of corporate community investments
Corporate Governance
August 09, 2011
Purpose – This paper aims to understand which strategies a multinational can adopt in emerging countries where it operates towards local communities, in terms of sustainability.

Design/methodology/approach – This paper is the result of two-year research, conducted through multiple case studies, with a special focus on emerging markets (Brazil, South Africa, Pakistan, India, Argentina), and the professional experience of the author as an international stakeholder engagement manager in ENI.

Findings – The research identified a 2×2 matrix with four possible strategies coming from the multiple case study analysis and depending on the internal focus of CSR and the external perception of business through local communities. The research also shows how a company can adopt a portfolio of those strategies.

Practical implications – This paper presents a model to be adopted by multinationals both to have the picture of their situation at a certain date and to plan their interventions in emerging countries.

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Tags: Innovation, Sustainability, CSR

How to setup an internal control system over financial reporting
RIREA
January 10, 2009
Paper about how to project a modular and sustainable internal control system over financial reporting.
Ref. Rivista Italiana di Ragioneria e di Economia Aziendale – n. 1-2 (Gennaio/Febbraio)

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Tags: Change Management, Management, Risk Management

3 Speaking Engagements
Hackett Virtual European Advisory Leadership Forum
The Hackett Group
June 10, 2020
Common close and developing R2R KPIs dashboard - Faster and Leaner

Focus of the presentation was on Standard digital close and developing an R2R KPIs dashboard.

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Tags: Analytics, Digital Transformation, ERP

Driving Harmonization of Data in a Challenging Environment
IIRM UK
May 14, 2018
ABB is a world leader in the energy industry and is operating in more than 100 countries and have a double digit number of ERPs (SAP, Oracle and other legacy systems). A new era has started and the push or simplicity, automation and digitalization is driving the agenda also in the Finance world. During 2017 an acceleration of this process happened. As Group Finance and Customer-Vendor Master Data domain manager Luca is driving a journey which aims at harmonizing the complexity sometimes through hanging the backbones systems, sometimes through mapping tables which will enable central solutions for BI and Analytics. This is completely changing the rule of the game and the main ingredients are: strong governance, strong knowledge of the cultural differences and trust towards the local units. ABB aims at creating 1 source of truth of their data, leveraging on RPA and syndication to enable business analytics.

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Tags: Analytics, Digital Transformation, ERP

ABB Master Data Program – A challenging cross country, cross systems, cross functional journey
CDQ - Corporate Data Quality Center
December 07, 2017
ABB Master Data Program – A challenging cross country, cross systems, cross functional
journey

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Tags: Analytics, Digital Transformation, Leadership

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Luca Condosta