CFO Waiting for cash tax report

CFO: How are you?

Head of Tax: Good, busy though.

CFO: I have a quick question.

Head of Tax: Shoot!

CFO: I need an overview of all cash tax we paid in 2024.

Head of Tax: 😨ok, my team can prepare this. You mean all tax paid?

CFO: Yes!

Head of Tax: Ok. By when?

CFO: I need it for the board meeting tomorrow AM.

Head of Tax: 😱🥵

We’ve all had these moments. We receive a question from senior management, a statutory auditor, or an investor. In their eyes, a simple, straightforward question. Just a matter of exporting data, aggregating it, and there you go…

We know that very often this is not a walk in the park. The data we require comes from different sources and systems (often no system at all). From different stakeholders. In different formats. In different quality levels. This means hours and hours of data gathering, cleansing, chasing, consolidating, more chasing, … Pure madness.

Even in 2025, receiving such a question is a true pain for many teams.

It is however fairly easy to have this resolved.

It is a matter of investing in a solid structured repository, verticalized for tax. On top of that, it is a matter of investing in the proper data capturing strategies. That’s it!