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64 Bit Microsoft Office Excel cannot load the ActiveX RFC Controls as they are 32 Bit Binaries

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We are trying to load the data from SAP using RFC.
However following error pops up

Run Time Error '429': Active X Component Cant Create Object

Set objFunction = CreateObject("SAP.Functions")

Current Office is 2016 64 Bit
SAP GUI is 7.5

Is there any option to handle this issue. I tried to implement the advice provided in https://archive.sap.com/discussions/thread/3505080 was not able to resolve by changing system registry.

Appreciate support to resolve the issue.


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