Joseph Peterson, chief financial officer of Xactus, serves as a strategic thought leader who fosters collaboration and drives transformational growth. With over 30 years of experience, he simplifies complex financial concepts to create a stronger connection between financial metrics and business success. Under his leadership, the finance organization plays an increasingly significant role in ensuring Xactus remains competitive and delivers value to its customers.
Peterson oversees the company’s financial operations and has been instrumental in accelerating Xactus’ transformation into a true fintech enterprise. He prioritizes leveraging data-driven insights to inform strategic decisions and drive execution. In 2024, he implemented a new long-range strategic planning process that helped Xactus better allocate investments, identify recurring revenue opportunities and expand into adjacent markets. Additionally, he restructured financial reporting and KPI metrics, enhancing visibility into business performance. Drawing on his extensive fintech CFO experience, Peterson collaborated with the technology team to reposition Xactus for tech-enabled growth, increasing technology investments by approximately 15% year-over-year to improve efficiency and reduce costs for the company and its customers.
Peterson sees finance as a collaborative and active partner in driving business success. Under his leadership, the finance organization has introduced new strategies to enhance operational and cost efficiencies. He has worked closely with business units to launch innovative credit and non-credit products, partnered with human resources to expand employee benefits while lowering costs, and continuously championed innovation, customer focus and employee appreciation.
Name:
Joseph Peterson
Title:
Executive Vice President and Chief Financial Officer
Company Name:
Xactus
