At a glance
- Malt were using a mix of Excel and Google Sheets for FP&A, and had reached the limit of their capabilities.
- They opted for Pigment thanks to its comprehensive, flexible featureset and the efficient implementation process.
- They’re able now to perform tasks that would normally take a whole week in just two hours.
Malt is a freelancer management and marketplace solution. Before Pigment, they were performing forecasting in Excel and Google Sheets. That presented a number of challenges:
- Lack of scalability
- Lack of flexibility
- Models took a long time to produce figures for the P&L
- Onboarding new users took a long time
- Limited data access for business partners
Why Pigment?
Malt chose to go with Pigment for a number of reasons:
"The first reason was the speed of the implementation by the Pigment team. The second, the fact that they’re building the product in line with customer feedback. Third, Pigment is very powerful in terms of forecasting - you have basically unlimited possibilities when it comes to forecasting in terms of granularity. Finally, the user interface is very very user friendly - for the finance team and users outside.” Nicolas Lechien, Head of Finance, Malt
The results
The FP&A team are now much faster in delivering financial data to the finance team and to the organization as a whole. They’re also much more flexible when it comes to adding a country or department to their model - they can add, remove, and move as they please.
"Back in April we bought a company that’s present in several countries outside of the market where Malt operates. It took us roughly two hours in Pigment to build a structure to welcome the data of that company. To achieve the same result in Google Sheets or Excel, it would have taken around a week.” Nicolas Lechien, Head of Finance, Malt
Asked to nominate his favorite feature, Nicolas went for dependency diagrams, which allows Malt to easily see the relationship between KPIs in their model.
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