At a glance
- Melio moves fast, so they needed an FP&A solution that could support growth and change.
- Working in Google Sheets was inefficient, slowing down crucial work.
- They chose Pigment primarily for its flexibility and appealing UI/UX.
Founded in 2018, Melio is a New York-based fintech company that simplifies and automates business payments for small and medium-sized enterprises (SMEs). The platform enables businesses to pay vendors quickly and efficiently using bank transfers or credit cards, even if the vendors only accept checks.
Difficulties with spreadsheets
Like many other FP&A departments, the team at Melio was increasingly finding that working inside Google Sheets was incredibly difficult.
“One of our main challenges was that Google Sheets is not flexible enough for the different dimensions and what-if analysis that we wanted to calculate. We looked for flexibility in modeling, and Pigment seemed like the best solution. We considered other solutions, but Pigment was very user friendly, very fresh - it seemed like the perfect fit for us.” Herut Uval, Senior FP&A Manager, Melio
A dramatic improvement in user experience
Immediately, the difference was apparent.
“Pigment is amazing, first of all due to the user experience, that’s very friendly, very easy to get used to. The flexibility that the system offers is great for us as a fast-growing company where everything changes so often. It’s very easy to maintain in real-time and to be flexible according to what the business requires.” Herut Uval, Senior FP&A Manager, Melio
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