Pigment, the innovative business planning platform, has announced a series of product updates designed to enhance how organizations like Unilever, DeepL, Europcar, and Merck Pharmaceuticals execute their strategic planning. With over 150 new features introduced in the past year, Pigment is establishing itself as a cross-functional platform that improves usability and performance, enabling integrated planning at scale.
The Need for Integrated Planning
“As businesses navigate increasing complexity, the need for truly integrated planning has never been more critical,” said Romain Niccoli, co-CEO and co-founder of Pigment. “We’re committed to delivering on this by expanding our platform with embedded AI, making planning more accessible. This approach allows teams to collaborate on a unified view of data, facilitating faster, more informed decision-making.”
Augmenting Pigment with AI
Pigment AI, developed in collaboration with customers, integrates generative AI within the platform, allowing users to interact with their data through natural, conversational language. This empowers teams to contribute effectively to the planning process, develop robust strategies, and swiftly adapt to market changes. More than 90% of customers using Pigment AI report regular usage, highlighting its value in day-to-day business planning.
Expanded Capabilities
Pigment’s cross-functional platform enhances organizational scalability by connecting different departmental planning and operations. Key areas supported include:
1. Supply Chain Planning
- Businesses can leverage real-time and historical data to create accurate demand forecasts, balance supply and demand, and prevent costly issues like resource waste and overstocking.
- Companies using Pigment for Demand & Inventory Planning or Sales & Operations Planning have reported a 20% improvement in forecast accuracy, a 30% reduction in stock levels, and a 4% increase in overall revenue.
2. Environmental, Social, and Governance (ESG)
- As ESG priorities rise, Pigment enables seamless reporting and performance management by consolidating data and teams across the organization.
- Organizations can set clear ESG targets, monitor progress, and simulate scenarios to exceed goals while making informed decisions.
New Features for Efficiency and Security
Pigment has also introduced several updates aimed at enhancing enterprise efficiency and security, including:
- Test and Deploy: Teams can confidently adjust models without disrupting daily operations.
- Streamlined Workflows: Automated tasks reduce manual project management.
- Expanded Integrations: New native connectors, including for SAP 4HANA and ETL providers like MuleSoft, improve data flow and operational efficiency.
- Audit Logs APIs: Enhance security and control.
- Excel Add-In Improvements: Facilitate data integration from Excel, a widely-used enterprise application.
Looking Ahead
Pigment is committed to further enhancing its platform, focusing on delivering more accurate, accessible, and efficient planning at scale. Upcoming developments will expand AI capabilities through machine learning for statistical forecasting and assisted modeling, as well as introduce intuitive reporting visualizations. Additional integrations and strengthened security controls will ensure that even the largest and most complex enterprises can create robust plans to drive their business forward.
