Automatic reporting for Group of companies
The group's financial data is scattered across disjointed ERPs and individual Excel files hidden in the network drives of different companies. Finance and Controlling struggles to stay up-to-date with the data among many operational and reporting tasks, and ad-hoc requests from different departments.
CloudStorm offers an online database and dashboard for accountants which automatically gathers data of all companies. It gives real-time overview of each bank account and tax account, and compiles reports from multiple ERPs / Excels on schedule.
By automating the repetitive tasks, the group can be serviced with a smaller headcount.
The tool enables previously unattainable real-time reporting.
VAT automation with Deloitte
CloudStorm is working with Deloitte Tax Technology to automate routine, repetitive tasks in the Finance and Tax departments of large enterprises. Current approach involves lengthy and expensive interface programming to access the invoice and VAT data of Deloitte's customers.
CloudStorm robotic process automation cuts interface costs drastically. It has proven to be an efficient interface for accessing tax data in SAP.
Based on the evaluation of Deloitte's Tax Technology we deliver promising results
in reducing the time to integrate VAT tools with various databases of the company's clients.
"CloudStorm robotic process automation cuts interface costs drastically.
It has proven to be an efficient interface for us to access tax data in SAP."
Tax Technology Manager