Financial close management software provider FloQast has released a robotic process automation (RPA) connector for on-premise accounting and enterprise resource planning solutions. The RPA connector, called Cloud Connect, is designed to make trial balances from on-premise software available in the cloud.
The RPA cloud connectors are available for Oracle immediately, and FloQast plans for them to be available for SAP and Microsoft ERP by year-end.
The aim of the connector is to provide a channel between the business data and historical snapshots from FloQast to on-premise ERP data to improve the month-end close accuracy and process. For organizations that rely on traditional on-premise business applications, Cloud Connect is meant to offer a stepping stone to the specific capabilities of cloud computing, such as continuous data storage.
“On-premise ERP systems lack the connectivity of today’s modern, cloud-based applications,” said Michael Whitmire, CPA, CEO and co-founder of FloQast, in a statement. “As a result, organizations find they have islands of important business data that can only be accessed through highly manual, time-consuming processes. FloQast’s new Cloud Connect make outmoded on-premise ERP systems more like today’s cloud applications, eliminating manual headaches and giving greater utility to organizations’ financial data.”
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