Stop Trying to Make Your Old Broken Budgeting Process Work

Switching from traditional budgeting to an agile approach better equips your organization. Stop fixing broken processes and instead focus on ways to evolve.

Collectiv Conversations is a show where industry innovators across planning, analytics, data, and technology share how they navigate challenging terrain to help you break free from stagnation and achieve your most ambitious business goals.

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GUEST

Stephen Newland - Director of FP&A, GrowthLab Financial

Stephen Newland is the Director of FP&A at GrowthLab Financial, which provides finance-as-a-service to growing organizations. He is a licensed CMA and has worked with a wide variety of clients ranging from Fortune 500 companies to startups He lives in Atlanta, GA with his wife, daughter, and two dogs. When he's not crunching numbers, you can find him watching the latest Arsenal match or Cincinnati Bengals game.

HOST

Chris Ortega - CEO, Fresh FP&A

Chris Ortega is a financial leader, advisor, and influencer with over 17 years of experience in the finance industry. As the CEO of Fresh FP&A, he offers fractional CFO, business transformation, strategic consulting, and thought leadership services to help organizations scale.
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Collectiv is the top-rated Power BI consulting and strategy firm that empowers BI success through real-world experience and deep technical expertise across the Microsoft data stack.

00:00 : Welcome to Collectiv Conversations
01:00 : Stephen Newland Intro
01:58 : Creating Annual Budgeting Forecasting Cycles
04:04 : Collaboration and Agility in the Planning Cycle
05:39 : Advantageous Planning Frameworks and Theories
06:22 : Zero-Based Budgeting vs. Continuous Budgeting
08:29 : Drawbacks of Common Budgeting Approaches
09:32 : Agility in Finance is Everything
11:48 : The Value of Budgeting and Forecasting
12:38 : The Role of Technology in Budgeting, Forecasting, and Planning
14:06 : Automating Low-Value Activities
15:22 : Three Focus Areas for FP&A Teams in 2023
16:43: Outro