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Key takeaways
Pigment is expanding its multi GAAP Starter Kit and launching the Consolidation Agent to accelerate financial consolidation, with new Starter Kit components aimed at making adoption easier for the US market.
The article argues that consolidation remains an arduous, manual performance bottleneck because finance teams must operate within strict rules across countries, currencies, and entities.
Pigment positions the fix as bringing actuals, legal consolidation, and planning into one place through a unified solution that pairs a modern EPM platform’s flexibility with the rigor and compliance required for financial consolidation.
Digital business services leader TP has announced it is teaming up with Pigment to unify financial planning, statutory consolidation, and ESG reporting into a single platform.
Pigment highlights flexible modeling with structured control, including time-dependent hierarchies that let teams toggle between live and pro-forma views and adapt hierarchies and ownership logic instantly.
The Consolidation Agent is described as a 24/7 multilingual support system requiring zero configuration, trained directly on US GAAP and IFRS standards and a company’s specific Pigment model to help navigate complex tasks, identify anomalies, and manage structural changes.
For monthly close reporting and analysis, Pigment says the Analyst Agent helps reconcile consolidated data and bridge FP&A and consolidation by surfacing data points that need attention and helping teams quickly identify variances that matter most.
Today, Pigment is accelerating momentum in financial consolidation by launching new components in our multi GAAP Starter Kit, and the Consolidation Agent.
The new Starter Kit components make it easier to get started and better address the needs of the US market.
As part of this launch, we’re also releasing the Consolidation Agent, designed to augment the process of consolidation with always-on accounting support that helps detect and resolve issues in real time.
Why financial consolidation needs to change
Consolidation is complex and rigid by nature: finance teams must work within strict rules with global businesses operating across countries, currencies and entities.
What that means is that in an increasingly intelligent and optimized world, it remains an arduous, manual process and performance bottleneck.
The solution is to bring your actuals, legal consolidation, and planning together in one place.
This is where Pigment comes in. Built on an elastic engine, Pigment delivers a unified solution, combining the flexibility of a modern EPM platform with the rigor and compliance required for financial consolidation.
It’s for this reason that digital business services leader TP today announced it is teaming up with Pigment to unify financial planning, statutory consolidation and ESG reporting into a single, future-ready platform.
Unified consolidation, reporting and planning
Pigment combines consolidation and business planning in a single, model-driven platform, enabling a seamless link between consolidated actuals and operational drivers.
That means teams spend less time reconciling data and more time on the important stuff: understanding performance, explaining variances, and guiding business decisions.
Flexible modeling with structured control
Pigment offers a highly flexible modelling layer to adapt hierarchies and ownership logic instantly. Time-dependent hierarchies allow toggling between live and pro-forma views on the fly and prepare for changes ahead of time.
That helps you respond rapidly to reorganizations, business expansion or evolving reporting needs without sacrificing the strict controls required for financial close.
Real-time impact & auditability
Pigment recalculates related reports in real-time as data changes, providing unmatched speed. A detailed audit trail allows users to trace any financial statement figure back to its source.
And scenario analysis capabilities mean you can explore the impact of FX shifts, ownership changes, or acquisitions.
Improve every step with AI
Pigment is the ideal workspace for people, but it’s also perfect for AI agents - and when applied to consolidation, they’re able to improve every step of the process:
Preparation
Use the Modeler Agent to tune the Starter Kit to the specificities and context of your company, using natural language.
Generate custom task management views, approval chains, and automated notification workflows and ensure the system mirrors how your organization actually works.
And evolve your consolidation application to match changing business needs, keeping it aligned with operational requirements—without requiring deep technical expertise.
Consolidation
By combining deep accounting knowledge with native platform awareness, the newly-released Consolidation Agent helps teams navigate complex tasks, identify anomalies, and manage structural changes.
Here’s how it helps:
- Accounting support
Trained directly on US GAAP and IFRS standards and your specific Pigment model, the agent acts as a 24/7 multilingual support system requiring zero configuration. - Guided error and controls resolution
Identify, explain, and resolve blocking controls and reconciliation errors. By accelerating variance investigation and resolution, consolidation teams save valuable time during the close cycle. - Scope operations
Explore the impact of changing corporate structures: determine updated scope and ownership percentages of your entities and define the correct consolidation method.
Reporting, analysis, and planning
An unavoidable part of monthly close is the immediate questions from management around variances that often require an immediate explanation.
The Analyst Agent simplifies the reconciliation of consolidated data and bridges the gap between FP&A and consolidation processes.
It enables deep, granular analysis at scale, automatically surfacing data points that require special attention and helping finance teams quickly identify variances that matter most.
What that means for you
For customers, consolidation in Pigment means a dramatically improved process:
- Flag mismatches while reconciliation is taking place
- Collaborate better with peers in FP&A
- See consolidated reports in real time, and build scenarios on the fly
- Build your own workflows, without IT, when requirements change
To learn more about financial consolidation in Pigment, you can check out this on-demand webinar with Damien Kohon, Solutions Consultant.
If you’d prefer to talk to someone directly, reach out for a demo today.
