Digital transformation for finance and beyond at Cobalt

At a glance 

• Previous to Pigment, Cobalt were using Excel to drive their FP&A processes - which proved extremely inefficient.
• Their Pigment implementation was extremely smooth, with a deployment tailored specifically to Cobalt’s business and analysts able to onboard rapidly.
• Cobalt enjoys more efficient and secure financial planning processes, making particular use of Pigment’s scenario analysis, access control, and data integration capabilities.

Cobalt, founded in 2013 to enhance pentesting, pioneered the Pentest as a Service (PtaaS) model by combining a SaaS platform with a community of highly vetted testers. Based in the United States with Scandinavian roots, Cobalt is a fully remote, award-winning company with a global perspective.

Retiring the spreadsheet

Before Pigment, Cobalt used spreadsheets to manage their financial model.

Cobalt sought a solution to streamline their processes and empower their finance team to contribute strategically to the business - which led them to Pigment.

Why Pigment?

Cobalt’s evaluation criteria hinged on implementation, flexibility, learning curve, and security features. Ultimately, Pigment won out.

The results

Cobalt spends far less time on compiling data and checking the accuracy of it, and are now able to spend more of their time tackling the strategic, storytelling side of FP&A.

They’re able to rapidly spin up what-if scenarios - in particular headcount and cost. In Excel, that process was far more laborious and error-prone.

And it’s not just the finance department - since implementing Pigment, other department heads have flagged to Ali that they love working with Pigment - marketing, sales, product, and more.

Explore more Pigment case studies below.