SFTP (Secure File Transfer Protocol) enables encrypted file transfers over SSH connections, providing secure data exchange between systems. Integrating SFTP with Abacum automates the flow of financial data from various sources into your FP&A platform, eliminating manual file uploads and ensuring data security.
What is SFTP and how does it work?
SFTP is a network protocol that provides secure file access, transfer, and management over encrypted SSH connections. Unlike traditional FTP, SFTP encrypts both authentication credentials and data transfers, protecting sensitive financial information from unauthorized access. Organizations use SFTP to automate data exchanges between systems, ensuring compliance with security regulations while maintaining reliable file transfer workflows.
Benefits of Integrating SFTP with Abacum
• Automate daily financial data imports from ERP systems, banks, and other sources directly into Abacum
• Schedule regular data synchronization for actuals, eliminating manual CSV uploads and reducing errors
• Secure transmission of sensitive financial data with enterprise-grade SSH encryption and authentication
• Connect legacy systems that export files to modern FP&A workflows without API development
• Process large financial datasets efficiently with support for batch file transfers and automated workflows
• Maintain audit trails with detailed logging of all file transfers and data import activities
• Enable cross-platform data integration between on-premises systems and Abacum's cloud platform
• Reduce IT dependency by allowing finance teams to configure and manage their own data pipelines
