Batch Compress PDF FIles

With the cloud-based version of Acrobat DC Pro, can we still setup a way to take pdfs in one folder, compress them and dump into another folder?

If not, is there still a way to obtain the on-prem client version? 

I believe there was a way to do that with creating an Action that compresses files in Adobe, and then creating a batch file using that action.

We need to compress thousands of pdfs that come out of dynamics 365.  They are bloated and Adobe's compression reduces their size by almost 10 times.