Budgets are critically important. For the CFO's standpoint, budgets are the roadmap for an organization's future. As budgeting and planning take on more importance in the wake of financial uncertainty, the economic landscape calls for transformation and innovation.

Organizations across all industries need more accurate and faster business insights, and finance teams are producing an ever-increasing volume of operational reports to meet that need.

Driver based budgeting (DBB) is rapidly gaining attention. As business environments rapidly change, business leaders are seeking to gain greater agility and responsiveness. DBB is an innovative approach to planning and budgeting designed to identify the variables that have the greatest impact on a company's performance. By tying budgets to those critical variables, finance leaders can build flexibility into budgets, enabling them to adjust quickly to changing conditions.

A unique combination of evolving tax regimes and regulations, disruption to global trade triggered by the pandemic, a strengthening focus on the environmental, social and governance (ESG) agenda, and increasingly powerful technologies is bringing about change for multinational companies and their tax teams. It's also creating an exciting opportunity to completely reset multinational enterprises' (MNEs) approach to tax planning and forecasting by investing in high performance software. This will enable tax teams and professionals to add significant value to their organizations.