Vendors > Pigment

Pigment: Gen-3 xP&A Platform for Modern Finance & Operations

A Gen-3 xP&A platform with visual modeling, collaborative planning, and enterprise-grade capabilities for modern finance and operations teams.

Vendor Profile
≈ 25 minute read
Updated November 2025

Pigment is a Gen-3 integrated business planning platform built for organizations that need real-time, multi-scenario planning across Finance, Revenue, HR, and Operations — without inheriting the complexity and drag of legacy EPM. It combines an in-memory modeling engine, strong UX, and an emerging AI "agentic" layer to support xP&A at scale.

1. Snapshot

What Pigment is

  • AI-powered integrated business planning / xP&A platform
  • Designed to replace fragmented models across FP&A, RevOps, HR, and Supply Chain with a single connected planning layer

Company facts

  • Founded: 2019 (Paris)
  • HQ & presence: Paris + US (San Francisco) + UK; global enterprise focus
  • Funding: ~$145M Series D in April 2024, led by ICONIQ Growth; total funding in the high-hundreds of millions from ICONIQ, IVP, Meritech, Greenoaks, Felix, and others
  • Tech stack (inferred from job listings):
    • Backend: C# on .NET Core (Linux), custom formula & query engine
    • Data: PostgreSQL
    • Infra: Google Cloud Platform, Kubernetes, Docker, Terraform, RabbitMQ, CircleCI
    • Frontend: React, TypeScript

Who uses Pigment today (public stories & inferred logos)

Well-known scale-ups use Pigment for unified FP&A, including:

  • The Coca-Cola Company
  • Unilever
  • ServiceNow
  • Fivetran
  • Evenflo
  • Cobalt
  • Frontify
  • American Power & Gas
  • Muck Rack
  • SpotOn

2. Who Pigment Is Really For (ICP)

Best fit segments

Pigment is best suited for:

  • Mid-market to large enterprises that:
    • Have multiple entities, regions, or product lines
    • Need integrated planning across Finance, Revenue, HR, and Operations
    • Are outgrowing Adaptive/Planful/Vena or are blocked by Anaplan's cost/complexity
  • Typical sweet spots:
    • High-growth SaaS and tech
    • Large consumer/CPG
    • Global services / B2B platforms
    • Organizations already using modern ERPs and CRMs (NetSuite, SAP S/4, Salesforce, etc.)

Less ideal for

  • Very small teams that only need basic cash/runway modeling
  • Organizations that insist on remaining 100% spreadsheet-native and are unwilling to move planning logic into a centralized model
  • Purely consolidation-led projects (Pigment can do planning-adjacent consolidation, but it is not a pure consolidation engine like OneStream/Tagetik)

3. Product Overview & Key Use Cases

Pigment is an xP&A platform rather than a single-function FP&A tool. At a high level you can think in four domains:

1. Finance (FP&A)

  • Budgeting & forecasting (P&L, BS, CF)
  • Integrated financial statements
  • Multi-scenario planning & sensitivity analysis
  • Financial consolidation (lighter than full CPM, but often "good enough" for many mid-market cases)
  • Board & management reporting

2. Revenue & Sales Planning

  • Sales capacity and headcount planning
  • Territory & quota planning
  • Pipeline-to-revenue modeling
  • Revenue forecasting tied to financial plans

3. HR & Workforce Planning

  • Headcount, hiring plans, attrition, compensation modeling
  • Workforce OPEX modeling linked to P&L and cash
  • Scenario planning around org design and restructuring

4. Supply Chain & Operations

  • Demand & inventory planning
  • S&OP and integrated business planning
  • Product profitability and cost-to-serve analysis

Pigment's pitch:

All these domains exist in one modeling engine, with shared dimensions and real-time updates, not separate, brittle Excel files.

4. Architecture & Tech Stack (Buyer-Relevant View)

From public engineering materials and job posts, Pigment's architecture looks like:

Custom calculation engine

  • Proprietary formula and query engine optimized for multi-dimensional, high-volume models
  • Real-time recalculation, dependency graph management, granular dimensions

Service & data layer

  • Backend in C#/.NET Core on Linux
  • PostgreSQL as a core data store
  • Eventing/message bus via RabbitMQ

Cloud infrastructure

  • Deployed on Google Cloud Platform
  • Containerized via Docker, Kubernetes
  • Infra as code with Terraform; CI/CD via CircleCI

Front-end

  • Web app in React + TypeScript
  • Rich grid, charting, workflow UI

Practically, this matters because:

  • It's multi-tenant SaaS with modern tooling — you're not buying a legacy on-premise cube.
  • The engine is explicitly designed for real-time, large-scale recalculation, not overnight batch jobs.
  • Integrations and AI capabilities sit on top of a modern, API-driven foundation.

5. AI & "Agentic" Capabilities

Pigment is currently one of the more aggressive players in AI-powered planning, leaning into an "agentic AI" narrative:

What AI does today (publicly):

  • AI Agents:
    • Analyst-style agents that can analyze plans, highlight anomalies, and surface drivers
    • Planner/Modeler agents that can propose changes to models or plans based on observed patterns
  • Insights & variance analysis
    • Automated contribution & variance analysis (e.g., what drove revenue growth/decline) with natural-language summaries and visual explanations
  • Self-driving finance narrative
    • In webinars and videos, Pigment talks about "AI agents for self-driving finance" — AI that not only describes what happened but proposes what to do next.

What this means for a buyer:

  • AI is layered on top of structured, well-governed models, not on raw spreadsheets.
  • It's more about augmenting FP&A (variance analysis, scenario recommendations) than firing off fully automated budgets.
  • The value will scale with:
    • How well your data is integrated
    • How well-designed your Pigment models are

6. Integrations & Ecosystem

Pigment positions itself as an integrated planning platform that connects to your ERP, CRM, HRIS, and data stack:

Common integration patterns include:

  • ERPs: NetSuite, SAP S/4HANA, Oracle, Microsoft Dynamics (via partners and ETL)
  • CRMs & GTM tools: Salesforce, HubSpot
  • HR / HCM: Workday, HiBob, BambooHR, etc.
  • Data & ETL: Warehouse/ETL stacks (Snowflake, Fivetran, dbt, MuleSoft)

There's a growing ecosystem of implementation partners and SIs specializing in Pigment:

  • Boutique and mid-sized partners (e.g., valantic, Alpha FMC, Bright Point, Polestar) publish case studies around Pigment-based FP&A/joint solutions.

Practically, this means:

  • You're not limited to a single "big-4" partner ecosystem.
  • There's a mix of specialist partners that can do fast, domain-specific implementations.

Pigment's integration strategy is:

connect to the systems modern SaaS companies actually use.

Notably absent today: deep SAP/S4, Oracle, Workday integrations — which is why this is not an enterprise-first platform.

7. Implementation & Time-to-Value

Implementation timelines vary by scope, but from partner case studies you see patterns like:

  • Light FP&A footprint (data hub + P&L + basic workforce planning):
    • Roughly 8–12 weeks from project kickoff to first live forecasting cycle (assuming you bring clean chart of accounts and initial data).
  • Full FP&A suite (data hub + revenue + COGS + OpEx + workforce + full 3-statement + reporting):
    • Often 3–6 months, with iterative releases
  • Cross-functional xP&A (Finance + HR + Sales + Supply Chain):
    • Multi-wave deployment and ongoing model build; think phased programs rather than a one-and-done go-live.

Typical implementation components:

  • Data modeling and "Data Hub" design
  • Core financial model (Revenue, COGS, OpEx, HC, P&L, BS, CF)
  • Security model: access control by role, region, function
  • Scenario templates (Base, Upside, Downside)
  • Reporting/dashboarding and board pack templates

8. Pricing & Commercial Model (Directional)

Pigment does not publish pricing, but based on market data:

Commercial model:

  • Annual subscription, typically tied to:
    • Platform edition
    • Number of model domains (Finance only vs Finance + HR + Sales, etc.)
    • User tiers (modelers, planners, viewers)

Relative cost position:

  • Generally more expensive than mid-market tools like Cube or Vena, but often 30–50% lower TCO than a comparable Anaplan deployment once you include services and ongoing maintenance.

Position on your page: "Pigment is a premium Gen-3 platform: more costly than spreadsheet-native tools, but materially cheaper and faster to deploy than legacy EPM in most mid-market/enterprise scenarios."

9. Case Studies & Outcomes (Synthesized From Public Information)

Pigment's own site and partner ecosystem highlight a growing library of case studies across industries:

Examples (you can name-drop a few on your page, then link out or summarize):

  • Fivetran – uses Pigment for driver-based forecasting and scenario modeling; emphasizes the ability to apply assumptions and generate calendarized forecasts quickly.
  • Cobalt – improved FP&A security and scenario analysis with Pigment, leveraging access controls and scenario modeling for more robust planning.
  • Evenflo – uses Pigment to quickly analyze tariff impact on margins and model P&L implications in a fast-changing cost environment.
  • Frontify (via valantic) – implemented a full FP&A solution including scenario planning and reporting, significantly reducing manual data gathering.
  • Fintech "automated FP&A model" case (via Alpha FMC) – shows a full Pigment build with modules for Data Hub, Revenue, COGS, OpEx, Workforce Planning, P&L, BS, CF, and board reporting.
  • American Power & Gas, Muck Rack, SpotOn (via Bright Point) – case studies highlight moving from Excel chaos to centralized Pigment models, real-time data feeds, and unified scenario planning.

Common themes from these stories:

  • Reduction in manual Excel work and reconciliation
  • Faster reforecast cycles (weekly/monthly vs quarterly)
  • Better scenario agility (more "what ifs" in less time)
  • Stronger alignment across finance, sales, and operations

10. Go-to-Market Strategy & Ecosystem

From a buyer's point of view, Pigment's GTM motion looks like:

  • Enterprise & upper mid-market direct sales:
    • Account-based GTM toward CFOs, FP&A leaders, and operational planning leaders
  • Partner-assisted deals:
    • SIs and boutiques (valantic, Alpha FMC, Bright Point, Polestar) co-selling and implementing Pigment in specific industries (SaaS, CPG, manufacturing, fintech).
  • Education & thought leadership:
    • Weekly live demos / tours
    • Webinars on "AI Agents", "self-driving finance", and xP&A best practices

This matters because:

  • You're buying into an ecosystem, not just software.
  • There's a clear path to get specialized help (SIs) if internal bandwidth is limited.

11. Strengths & Limitations

Biggest strengths

  • Powerful modeling engine with enterprise-grade dimensionality and real-time recalculation
  • Strong cross-functional coverage (Finance, Revenue, HR, Supply Chain) in one platform
  • Modern tech stack & UX — widely regarded as one of the better UIs in planning
  • Rich and emerging AI/agentic capabilities for variance analysis and guided planning
  • Growing ecosystem of partners and case studies across industries

Potential limitations / watch-outs

  • Complexity: you still need real modeling discipline; if your team is not comfortable with structured models, you may recreate "Anaplan problems" in a nicer UI.
  • Services dependency: most mid-large deployments will still require partner involvement to design a robust data hub and model architecture.
  • Not a pure consolidation engine: if your top priority is statutory consolidation with deep legal ownership and complex GAAP/IFRS logic, a pure CPM/consolidation tool may still be required alongside Pigment.
  • Cost vs spreadsheet-native tools: for smaller orgs or very narrow use cases, Pigment will be overkill compared to Cube, Causal, or Runway.

12. When Pigment Is a Great Fit vs When to Consider Alternatives

Pigment is a great fit if:

  • You need enterprise-class modeling across multiple planning domains
  • You want to escape Anaplan/legacy EPM without going back to spreadsheet chaos
  • You care about UX and business-user adoption, not just a back-end engine
  • You want to leverage AI agents for analysis and scenario guidance, not just static reports
  • Your data stack is ready (or you're willing to invest in a data hub / integration project)

You might consider other tools if:

  • You're a smaller org (less than $20–30M) with light planning needs → Causal, Runway, Cube may be better value.
  • You are Microsoft-all-in and want to live in Power BI/Excel → Acterys is more native to your world.
  • You need heavy statutory consolidation first, FP&A second → OneStream / Tagetik or similar CPM tools may still play a role.

13. Key Questions to Ask Pigment in a Demo

You can reuse this as a consistent section across all vendor pages.

Architecture & fit

  • How would you model our entities, products, and regions in Pigment?
  • What does a typical data hub look like for a company like ours?
  • How do you handle slow-changing dimensions and historical restatement?

AI & intelligence

  • Show us concrete examples of AI agents:
    • How they surface variance drivers
    • How they propose plan changes
  • What guardrails exist so AI doesn't break models?

Implementation

  • For a company like ours (size, industry, ERP), what's a realistic timeline to:
    • Go live with base FP&A?
    • Extend into Sales/HR/Supply Chain?
  • Which partners would you recommend and why?

Integrations

  • Which ERP/CRM/HR connectors do you have out-of-the-box for our stack?
  • How often can data be refreshed (near real time vs nightly)?

Commercials

  • Which edition would you recommend for our scope?
  • What drives total cost the most (users, modules, entities)?
  • What does a typical 3-year TCO look like for similar customers?

Need Help Evaluating Pigment?

Our analysts can help you evaluate Pigment against other Gen-3 xP&A platforms and determine if it's the right fit for your mid-market to enterprise finance and operations teams.

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