For decades, organizations worldwide have relied on Cartesis/SAP BFC (BusinessObjects Financial Consolidation) for complex consolidation needs. Cartesis/SAP BFC has provided valuable support by simplifying financial close processes and by enabling sophisticated statutory consolidations and reporting. However, the end of support for Cartesis/SAP BFC has been updated yet again and is set for 2030. Organizations are proactively exploring advanced solutions that not only match the capabilities of these legacy systems but also integrate consolidations with planning, budgeting and forecasting.
In the previous post in our “What’s Next for Cartesis/SAP BFC Customers” blog series, we detailed 5 key considerations for Cartesis/SAP BFC customers who are moving toward an evaluation process, and identified 3 options to consider, as outlined in the first post in this series:
We’ve curated a guide to show you real time examples of how customers like you have overcome those very challenges head on. Click here to see Top 10 Reasons Why Customers Choose OneStream to Get More Value from Their SAP Investment.
In this blog post, we’ll focus on Choice 3, and show why OneStream’s Intelligent Finance Platform emerges as the optimal solution for Cartesis/SAP BFC customers, focusing on consolidations as the central topic.
Cartesis/SAP BFC was one of the most technically capable, sophisticated consolidation solutions. Engineered to manage complex financial consolidation processes with a unique integrated data model, serving as a repository for intricate consolidations and integrating various financial management data for reporting on actuals, budgets and forecasts. Below are some of the key capability’s customers have depended on:
However, despite Cartesis/SAP BFC’s support ending in 2030, no immediate parity with SAP Group Reporting exists. Nor is parity expected until 2030 if you have confidence in SAP’s roadmap. As a result, organizations are seeking the next generation of sophisticated consolidation solutions.
But the good news is that organizations now have a choice.
Modern Corporate Performance Management (CPM) solutions such as OneStream present an array of sophisticated consolidation capabilities while offering a unified approach to CPM. That approach distinguishes OneStream from other approaches that rely on a patchwork of multiple products and integrations.
Architected to be a unified platform for all CPM processes, OneStream started with consolidations at its core, arguably the hardest and most complex part of CPM. Today, the platform has effectively tackled the complexities of global consolidations and reporting.
In the chart below, we compare the complex consolidation capabilities between OneStream and Cartesis/SAP BFC to illustrate why OneStream stands out.
The list below gets a little more granular on some of the key capabilities that come with using OneStream:
Not to mention, the OneStream MarketPlace extends the platform’s capabilities with solutions such as Account Reconciliations, Transaction Matching, Tax Provisioning and specialty planning solutions (e.g., for People, Capital and Cash Planning). Continuous innovations in areas such as Sensible Machine Learning also mean customers derive continuous value from their investment in OneStream, lowering both technical debt and the total cost of ownership.
As organizations confront the challenges of handling sophisticated consolidations in an increasingly complex financial landscape, legacy systems like Cartesis/SAP BFC and other multi-product CPM approaches fall short. Instead, OneStream’s Intelligent Finance Platform provides a modern, unified platform for financial consolidations, reporting, budgeting, planning and forecasting.
By transitioning to OneStream, Cartesis/SAP BFC customers can seamlessly meet the requirements for complex global consolidations while embracing flexibility, scalability, collaboration, data governance and continuous innovations.
With over 1,300 customers, many successful migrations from Cartesis/SAP BFC to OneStream, and a mission to ensure every customer is a reference, OneStream stands as the pathway to a future of optimized, accurate, and trusted financial consolidations and unified CPM.