We use Pigment to do our financial planning and KPI metric measure as well as some project planning for the firm and our client projects. It's a very powerful planning and reporting solution for us.
Pros
Forecasting
Budgeting
Operational Planning
Reporting
Dashboard/KPIs
Cons
Financial Reporting
Consolidations
Workflows
Likelihood to Recommend
Pigment seems to be well suited for large organizations but also small nimble orgs that need to scale because it has a very robust planning and reporting engine but is not overly IT dependent.
Verified User
Director in Finance and Accounting (51-200 employees)
One of the best financial and resources planning tools I have used in a decade in the industry now, we have around 25 projects across India locations, which is used for project finance planning. We have dashboard for all projects which is making it super easy to see financial data and plan for upcoming quarters, This is also helping us in the resources planing I have around four projects under my watch and using pigment is helping while planing my resources allocations.
Pros
Dashboard.
Resources planning.
Cons
Need to work on product stability, it stops working sometimes and crashes in between.
Scripting makes initial learning curve quite difficult.
Likelihood to Recommend
Planning, financials, and even sales tracking are greatly helpful for project planning. This makes product planning easy; you can simply see what the industry is demanding and what should be produced more in coming quarters. If you have really huge data, then this sometimes crashes.
Pigment had very many benefits that assisted us in the completion of many of our routine reporting and controlling tasks. First, as the source for the reporting numbers, we deploy integration into other tools. In Pigment, it would have been easy to schedule updates on the reports eliminating the challenges of having to do the updates manually while populating 100% matching values. One more advantage is the access rights on the sheet: it is very sensitive and offers the functionality that basic Google Sheets do not possess. Also, the generation of various versions of the same report aids in satisfying the various demands from the stakeholders. Before proceeding, it is also necessary to describe how support in Pigment works. They are very responsive and we get quick responses to our questions and often attempts are made to fix problems quickly.
Pros
Helping organizations assess the impacts of various business decisions effectively
Seamlessly integrates with multiple data sources
Collaboration with other teams and teammates
Cons
Learning path is difficult, new users will need more time to learn about the plaform
Lacks pre-built templates like other tools
More advanced reporting features could be helpful
Likelihood to Recommend
companies with multilevel and intertwined financial structures that have to gather data from one place and another, and which require Pigment’s solid integration of information as well as real-time modeling capabilities. The solutions for detailed budget planning, forecasting, and variance analysis make it a useful tool for finance teams that want to preserve accurate financial plans
We needed a system to help us get out of Excel and into a more user friendly interface to properly align on a long term forecast model and a more percise outlook of current operations.
Pros
Stores all data in one database
Easy to learn funcionality
User friendly interface
Cons
Ability to customize formatting to management's liking
Better integration with Excel
Likelihood to Recommend
Suited for a clean and accruate look at future earnings. Ensuring the data is properly mapped can be a struggle, however once proofed out the potential errors are minimal
Verified User
Analyst in Finance and Accounting (5001-10,000 employees)
Currently pigment is used in our organisation for resources and financial planning of all the projects we are working on, its really helping us to make things visible to stakeholders with that its improving our decision making by great dashboard capabilities and connections with different sources of data. We have around 20 projects and teams running in org with the help of pigment its displayed on single dashboard where stakeholders are taking reports of each every person in team and takes care of there allocations, future planing for resources, financial plan for next phases and work related planing.
Pros
Help to improve operational efficiencies
Reporting with different datas is great
Cons
Its not that stable, need some improvements in stability of the product. Gets crashed sometimes
There is learning curv for script as pigment have its own logic things
Likelihood to Recommend
Resources and financial planning, sales planing or xan use for product analysis based on sales how much, when and what we should produce
Data ingestion (being quicker at loading lists when they are heavy, ability to manipulate data more easily before the data is pulled)
Likelihood to Recommend
Very flexible tool able to handle any business case. Takes a while to build out, and the amount of metrics needed to build complex models can be a bit dizzying. Overall a very powerful tool, with the flexibility of an Excel, and the processing power of an Anaplan (at a much lower price point).
Verified User
Analyst in Finance and Accounting (201-500 employees)
