Pigment software reviews: Pros, cons, and top alternatives [2025]

What is Pigment software?

Pigment is an integrated planning tool that helps businesses create forecasts, model data, and generate reports for financial decision-making. Executives, finance, and revenue teams use this tool to carry out strategic finance operations.

How does Pigment work?

Pigment software syncs and aggregates large amounts of users’ business data from various sources in real-time. Businesses can build dynamic financial models using their consolidated data and also create reports in real-time. 

The platform allows users to collect inputs from multiple sources, connect business cases across the company, and surface insights from their data. 

It also supports running what-if scenarios so businesses can plan for contingencies or check the impact of certain events or decisions on the organization. It provides collaborative features like the ability to tag, comment, and overwrite as teams work on projects together.

Pigment software review

Let’s look at Pigment’s key features and pricing:

Pigment features

Some of its key features include:

• G-suite connector: Allows users to move data seamlessly from models to slides
• Scenario planning: Empowers users to run what-if scenarios and make results-based decisions
• Custom dashboards: Enables users to create and share dashboards within and outside the organization
• Automated data imports: Allows users to collect accurate data from multiple sources in real-time to avoid time-consuming tasks and data import errors
• Granular access rights: Enables users to configure what an individual or a group of users can do, see, or modify on any board, metric, dimension, or cell
• Integrations: Allows users to connect all their data from business tools like ERPs, CRM, etc, and create aligned plans across departments
• Modeling: Empowers users to build dynamic multidimensional models based on revenue, finance, and workforce plans
• Reporting: Lets users build interactive reports for all teams
• Collaboration: Empowers users to bring cross-functional teams together to work on projects and break down silos

Pigment pricing

Pigment pricing is not available on its website, but Pigment offers two pricing plans:

• Professional: For companies looking to improve their decision-making through advanced scenario planning, customized reporting, and robust collaboration
• Enterprise: For companies with more sophisticated use cases and need deep modeling capabilities and advanced controls 

The pricing structure factors in the number of licenses, associated features, and the platform fee.  

Pigment pros: Why Pigment may be right for your business

Let's explore how Pigment's capabilities may be right for your business strategy and growth.

1. Integrated business planning

Pigment's integrated business planning platform enables real-time business planning. It helps you adjust your business strategies in response to market changes to future-proof your business. 

Pigment software allows for modeling various scenarios, which is especially beneficial for businesses that need to revisit and revise their forecasts and plans frequently.

This type of agility is critical in today’s fast-paced business world, where delayed decisions can mean missed opportunities.

2. Data integration

Pigment integrates data from various business tools.

This feature is essential for creating cohesive plans across different departments, ensuring everyone works with the same, up-to-date information. 

The real-time updates mean that your plans and reports reflect the latest data without manual intervention.

3. Flexible financial modeling

Pigment shortens the time required to build and modify complex financial models.

This is ideal for businesses that need to adapt their financial planning and analysis in response to changing market conditions.

The platform offers flexibility in modeling, allowing for the integration of various business aspects like finance, revenue, and workforce. 

4. Enhanced collaboration

Pigment fosters collaboration across different business functions, bringing teams together on a unified platform. 

This collaborative environment breaks down traditional silos, ensuring a shared understanding and alignment on business goals.

The platform's interface facilitates interaction and collective planning, making it accessible to various stakeholders, from finance to sales teams. 

5. Security and compliance support

Pigment protects your data against unauthorized access and breaches. 

It offers enterprise-grade security, SOC 2 compliance, and detailed access controls.

This allows you to concentrate on strategic planning without worrying about data vulnerabilities. 

Pigment cons: Potential drawbacks of Pigment software

While Pigment Software offers a range of solid features, it's important to consider its potential drawbacks to ensure it aligns well with your business needs. Like any tool, it may have limitations or aspects that might not fit every organization.

Let's take a closer look at some of the challenges and limitations you might encounter with Pigment software so you can make a well-rounded decision.

1. Limited customization and formatting

Pigment's users have noted limitations in its formatting and customization options. This can be a concern for businesses that require highly tailored reports and dashboards. 

The inability to adjust these elements to your specific preferences might hinder the effectiveness of the software in presenting data in the most useful way for your business.

2. Steep learning curve

New users, especially those not familiar with similar FP&A tools, may find Pigment challenging to master. 

Its comprehensive features, while powerful, can be overwhelming, requiring significant time and resources for training. 

According to its users, this learning curve can be a barrier for smaller teams or businesses with limited capacity for extensive training.

3. User experience challenges

Feedback from some users points to a clunky experience in designing boards and charts. 

This aspect is crucial as it can affect the efficiency and ease with which users interact with the software. 

If the user interface is not intuitive, it can lead to frustration and decreased productivity, especially for those who frequently work on report creation and data visualization.

4. Access rights implementation difficulties

According to users, implementing and managing access rights within Pigment can be troublesome. 

Proper access control is vital for maintaining data security and ensuring that sensitive information is only accessible to authorized personnel. 

Difficulties in this area could lead to potential security risks or inefficiencies in data management.

5. Challenges with data aggregation

Although designed for integration, users have experienced difficulties in aggregating data across different business platforms as desired. 

This is a significant concern because the effectiveness of FP&A software heavily relies on its ability to seamlessly combine data from various sources. 

Inadequate integration capabilities can limit the software's usefulness in providing a comprehensive view of business performance.

6. Limited Excel and Google sheets integration capabilities

If you rely a lot on Excel or Google Sheets, you might find Pigment a bit limiting. 

Users have noted that it doesn’t integrate seamlessly with these tools, which is a drawback for many businesses that use them daily. Transferring data between Pigment and these platforms can be a bit of a hassle and time-consuming. 

This could disrupt your usual workflow, especially if you're used to the convenience of these programs.

Top Pigment software alternatives to consider

When it comes to choosing the right FP&A software, it's essential to explore all your options. While Pigment software has its strengths, it might not be the perfect fit for every business.

To help you find the best match, we've rounded up some top Pigment alternatives. Each offers unique features and benefits that might align better with your specific needs.

1. Cube

Cube is a cloud-based FP&A platform that helps companies hit their numbers without having to sacrifice their spreadsheets. Cube helps your finance team work anywhere by natively integrating with Excel and Google Sheets so FP&A teams can plan, analyze, and collaborate with ultimate speed and confidence.

Many high-growth companies, like Instride and Figment, use Cube for their FP&A needs, including projects that require coordination across various teams like reporting and budgeting.

FP&A teams already know and love spreadsheets. Cube simplifies many of the headaches of the often challenging planning process—like collecting actuals from other departments or checking and verifying that your numbers are correct—and lets teams turn their complicated budgeting process into a lean operation. Users get all the benefits of a robust FP&A tool (like scenario analysis, data consolidation, and multi-currency support) within Excel and Google Sheets.

Even more importantly, Cube was founded by a former CFO, building it with the problems and use cases of FP&A in mind from the start.

Key features:

• Integrates with everything: Integrate with popular ERPs (like NetSuite, Quickbooks Online, and Sage Intacct) and HRIS systems. 
• Native Excel and Google Sheets integration: Leverage compatible and bi-directional integration with any spreadsheet.
• Multi-scenario analysis: Seamlessly model how changes to key assumptions affect overall outputs.
• Customizable dashboards and reports: Customize dashboards and reports to display different data types from various data sources, enabling easy presentation and understanding by teams and shareholders.
• Scenario planning and analysis: Forecast the financial impact of business decisions on revenues and expenses without committing any resources first. 
• Multi-currency support: Evaluate your financials in both your local and reporting currencies.

Pigment vs Cube

Cube shines for businesses seeking a more intuitive and integrated FP&A experience. Its deep integration with Excel and Google Sheets, combined with an approachable user interface, makes it an excellent choice for companies aiming to enhance their financial processes without overhauling their existing systems. 

Additionally, its robust security measures ensure data safety, making it a reliable option for all sizes of businesses, particularly those growing and in need of scalable solutions.

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2. IBM Planning Analytics

IBM is a business intelligence solution that provides customizable modeling for finance teams to facilitate data-driven decisions, combining past data analysis with future outcome modeling.

It offers databases for users to store, query and analyze structured business data. Users can run generative AI workloads, applications, and analytics with databases on any cloud. 

IBM offers custom APIs for users to build integrations specific to their business needs.

Key features:

• Scenario analysis: Model multidimensional scenarios
• Data visualization: View business performance through easy-to-read visualizations.
• Analytics: Get insights from business data

Pigment vs IBM Planning Analytics

IBM Planning Analytics is a strong choice for those needing deep data analysis and modeling capabilities, especially for complex financial scenarios.

3. Anaplan

Anaplan is a web-based application for financial planning and forecasting, designed to unite various FP&A tools under one roof, offering real-time data access for informed decisions.

The platform is for finance, sales, supply chain, and HR teams and supports cross-functional business planning across departments.

Anaplan also has a mobile app for tablets or phones, through which users can view and edit worksheets and boards. 

Key features:

• Data modeling: Use machine learning algorithms to build predictive data models.
• Connected planning: Get visibility into every resource, asset, change, and risk while planning.
• Predictive insights: Connect external and internal data to discover actionable planning insights.

Pigment vs Anaplan

Anaplan is a good alternative to Pigment for businesses seeking a comprehensive, all-in-one planning platform with strong integration capabilities.

4. Vena Solutions

Vena Solutions integrates with Excel to enhance financial planning and management, helping finance teams get a comprehensive view of the organization's financial operations.

The platform is natively integrated with Microsoft 365, enabling users to automate Excel financial planning with AI. 

Vena integrates with other tools like Salesforce, Sage, Workday Adaptive planning, and Netsuite. 

Key features:

• Forecasting: Plan for future scenarios through rolling forecasts, what-if analysis, and integrated financial statements.
• Budgeting: Create driver-based, top-down, bottom-up, or zero-based budgets.
• Variance reporting and analysis: Automatically generate variance reports.

Pigment vs Vena Solutions

Vena may be a good alternative to Pigment for businesses  that want a budgeting and forecasting tool deeply integrated with Excel, offering a familiar interface with enhanced capabilities.

5. Oracle Cloud EPM

Oracle Cloud EPM is an enterprise planning performance management tool that enables businesses to plan and model across finance, sales, supply chain, and HR, streamline their financial close processes, and drive better business decisions. 

Users can model scenarios, create long range plans and budgets and build transparent allocation models for IT financial management, profitability analysis, and service costing.

The platform also offers unified reporting tools for users to meet multiple external and internal reporting needs with a reporting system that’s centralized across all ERP systems and EPM business processes.

Key features: 

• Planning: Build agile plans, budgets, and model scenarios.
• Enterprise data management: Manage enterprise data governance, hierarchy management and change data visualizations.
• Narrative reporting: Stay ahead of external and internal reporting requirements with collaborative reporting.

Pigment vs Oracle Cloud EPM 

Oracle Cloud EPM is a good Pigment alternative for IT or more technical business organizations looking to build advanced business models and processes.

6. Planful

Planful is a financial planning software that helps FP&A teams automate their processes. It offers intuitive collaboration, prebuilt templates, and managed workflows. The platform allows users to see the results of financial plans and forecast data in real-time, plan for scenarios using ML-powered projects, and take action to improve financial performance.

The platform offers prebuilt connections with common data sources, an open-access API for getting data in or out of Planful, and direct load support for users with legacy or homegrown systems to send data to the platform. 

Key features: 

• AI-driven anomaly detection: Automatically flag risks, find errors and outliers, and correct issues.
• ML-driven planning projections: Analyze past data to build current forecasts and budgets.
• Integrations: Consolidate business data by integrating other business tech stacks.

Pigment vs Planful

Planful is a suitable choice for businesses that want a financial planning tool that offers artificial intelligence and machine learning-driven planning and projections.

Conclusion: Is Pigment the right FP&A tool for you?

Choosing the right FP&A software is a nuanced decision. Pigment offers a robust set of features that may be ideal for some, but its limitations could be deal-breakers for others.

Ultimately, the best choice depends on your unique business requirements, data integration needs, and the specific financial processes you're looking to optimize. I hope this insight helps you make an informed decision that drives your business forward.

Want to learn why people are choosing Cube over Pigment for their FP&A needs? 

Request a free demo today