EU Sovereignty Score
EU sovereignERP & FinanceHeadquarters: BE

Silverfin: sovereignty score and 8 European alternatives

Silverfin is a cloud-native platform for accounts preparation and related post-accounting workflows, used mainly by accounting firms. The company was founded in 2013 and is headquartered in Ghent, Belgium. The product supports firms that prepare annual accounts for their clients and is delivered as web-based software-as-a-service. Its customer base is built around accounting firms in Belgium.

Visma, the software group based in Oslo, acquired Silverfin in 2023. The parent company is therefore outside Belgium, in Norway, which is an EEA country. The sources reviewed do not confirm where customer data is hosted, and the product is not available as self-hosted or open-source software. European firms, and accounting practices in particular, should review the data processing agreement and the hosting terms directly. Before the sale, the investment firm Hg had held a minority stake since 2020, alongside the co-founders, who remained the majority owners.

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Sovereignty score
71 / 1000 = high exposure
100 = sovereign
  • Jurisdiction SOV-2100
    Headquartered in the EU: European law applies
  • Data residency SOV-3100
    EU-only hosting
  • Cryptographic key sovereignty SOV-360
    Key management with a European vendor
  • Freedom from lock-in SOV-640
    Closed source: switching requires data migration
  • Source & runtime sovereignty SOV-4 · SOV-655
    Closed source, runtime with the vendor

SOV codes: the matching objective in the European Commission's Cloud Sovereignty Framework. Official source

How the score is calculated

Facts and evidence

Last checked October 10, 2026
HeadquartersBE (EU)Verified by hand
Ultimate parent companyNOVerified by hand
Sovereignty modelVendor-hosted (EU)Verified by hand
Data hostingEUVerified by hand
Open-sourceNoVerified by hand
GDPR-compliantNoVendor-stated
CategoryERP & Finance
TypeProduct
Websitesilverfin.com ↗

How we verify · Something wrong? Suggest a correction

Top EU-based & GDPR-compliant alternatives to Silverfin

The European alternatives to Silverfin come from our knowledge base of over 6,800 vendors. We only list vendors headquartered in the EU or the EEA; fully European-owned vendors rank before vendors with a foreign owner. For each alternative you see the country, the open-source status and a short description.

Score per alternative: 0 = high exposure, 100 = sovereign

129 European ERP & Finance vendors are in the catalogue. View the whole category · Submit an alternative · View category on the map

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Why digital sovereignty matters with Silverfin

Silverfin is headquartered in BE and therefore falls under European law: the GDPR, NIS2 and the Data Act. No foreign legislation can compel access to your data. The ultimate owner is based in NO, also within Europe.

Data is hosted exclusively in the EU, so Silverfin scores best on data residency.

Silverfin is closed source and hosted by the vendor. The encryption keys and the runtime sit with the vendor and switching requires data migration. Ask about bring-your-own-key, export options and open standards.

What this means for your organisation depends on your whole stack and context. The free assessment weighs Silverfin together with your other vendors and gives a total score, a heatmap and the main risk drivers.

Frequently asked questions

What is the best European alternative to Silverfin?

It depends on your use case. Strong EU alternatives to Silverfin include 24SevenOffice, A3ERP and Abacus. On this page you can compare 8 EU alternatives by jurisdiction, data residency and open-source status.

Are there open-source alternatives to Silverfin?

Our list of EU alternatives to Silverfin is mostly commercial options. Browse the category on the map for open-source choices.

Is Silverfin GDPR-compliant and where is the data hosted?

Silverfin is headquartered in BE (EU) and hosts data in EU. That makes Silverfin an EU-sovereign choice in its own right; the EU alternatives on this page are comparable European tools.

Details and sources

Verified by handHeadquarters, owner, hosting locations and licence have been checked by us against public sources. Free of charge and for every vendor, not a paid label. Nothing in this knowledge base is taken over automatically. Last checked on October 10, 2026.

Sources

Public sources used in the latest check of this record.

Compliance evidence

The links below point to the vendor's own public documents. We only record what we found: a missing link means "not found publicly", not "not compliant".

No public compliance evidence has been recorded for this vendor yet. Do you know its DPA or subprocessor list? Something wrong? Suggest a correction

Digital sovereignty in ERP & Finance

ERP & Finance: Enterprise resource planning, accounting, financial software. In this category the choice of vendor determines who has legal access to your data, where that data lives and how easily you can switch later.

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8 European alternatives to Silverfin — GDPR-compliant & EU-hosted · EU Sovereignty Score