Drive finance transformation: Move from SAP BFC to CCH Tagetik today

SAP BFC is being sunsetted, which means that as of December 31, 2030, the application will no longer be maintained by SAP. 

When products reach the end of their support lifecycle, like SAP BFC, vendors typically stop providing security updates, technical support, or new feature development. At that point, the system becomes vulnerable to security risks, compatibility issues with other systems, technical errors, and data problems.  

Think of it like a Microsoft Word document in “Read Only” mode: you can view it as it is, but you cannot edit it or use it beyond its current state. 

Replacing SAP BFC gives finance teams the opportunity to modernize and transform the consolidation process. Many systems now being sunsetted were built for their time, but technology, requirements, and possibilities have evolved drastically since then. 

Legacy architectures were typically on-premises, rigid, and unable to adapt to changing needs without extensive coding. Often designed for a single purpose, these systems were cumbersome to integrate with others and carried high maintenance costs. 

When evaluating an alternative to SAP BFC, consider a solution like CCH Tagetik Financial Close and Consolidation that not only fills the gaps but extends your capabilities with: 

• End-to-end financial processes: A unified platform that connects consolidation and close with planning, management reporting, disclosure management, statutory reporting, analytics, tax processes, ESG, and sustainability, all from a single source of data. 
• Ongoing regulatory support: Built-in compliance for evolving requirements such as IFRS 16, IFRS 17, ESG reporting, iXBRL, and disclosure management, with the flexibility to adapt to future regulations. 
• Financial intelligence: Advanced automation should cover all consolidation needs, including multiple consolidation methods, multi-currency support, intercompany matching and eliminations, and consolidations at both parent/subsidiary and matrix/segment levels. 
• Artificial intelligence: AI-powered capabilities to accelerate and enhance accuracy in outlier detection, driver-based analysis, reconciliations, and data governance. 
• A long-term roadmap: A proven history of ongoing product development and enhancements shows that the company is dedicated to adapting existing solutions to meet new requirements instead of decommissioning products and forcing customers into a replacement.