The Future of Financial Planning: AI & ML Innovations in Pigment

What’s New: AI & ML Features in Pigment 

Pigment’s latest updates introduce a powerful suite of AI and ML capabilities designed to streamline planning processes, improve forecast accuracy, and reduce the manual overhead traditionally involved in financial modeling. 

Key features now available include: 

• AI-Enabled Forecasting: Pigment’s Predictions is a new AI-enabled feature that allows users to generate data-driven forecasts using advanced statistical and machine learning models – and you don’t need any data science expertise to do so. This now offers more accurate and adaptive forecasting by automatically identifying patterns and seasonality across datasets – critical for institutions with large volumes of transactional and time-series data. 

• Natural Language Queries (NLQ): Using Pigment’s Data Assistant, users can now interact with models using plain English. For example, a financial analyst can ask, “What’s the projected net income if expenses increase by 5%?” and receive an instant response, complete with fully interactive and pivotable dashboard views and the ability to trigger insights and summarize findings. 

What’s Next: AI Agents on the Roadmap 

Pigment is going further with the planned release of autonomous AI agents that will act as co-pilots in the planning and analysis process. These agents are designed to reduce cognitive load and enhance decision-making by: 

• Analyst Agent: Acts as your data detective – automatically scans internal and external sources to spot trends, anomalies, and performance drivers. Generates insights via dashboards, reports, slide decks, even audio summaries, complete with recommended actions. Business leaders can ask, “What’s driving our revenue changes?” and get instant visual and strategic breakdowns. 

• Planner Agent: Converts insights into action plans. Leveraging domain know-how in finance, supply chain, and ops, it proactively recommends next steps. Can be utilized for forecasting, scenario planning, and responsiveness to business goals and market signals. This feature will allow planners to automate forecasts, compare them against actuals, and suggest adjustments and/or reallocations to help reinforce confidence in your plans. 

• Modeler Agent: The guardian of your data models – builds, updates, and maintains the integrity and accuracy of Pigment’s underlying structures. Creates formulas, flags inefficiencies, ensures real-time data quality, and optimizes workflows. This feature will help modelers to rapidly design complex forecasting formulas and proactively refine them as business dynamics change. 

• Conversational Workflows: Future updates aim to allow users to perform end-to-end planning and reporting using voice or chat, integrated with enterprise collaboration tools like Slack or Microsoft Teams. 

Why This Matters for Financial Services Firms 

In a sector where agility, compliance, and precision are paramount, AI-augmented EPM tools are becoming essential. Pigment’s innovations directly benefit financial services organizations with: 

• Faster Close and Reporting Cycles: Automated insights and forecast generation cut down the time spent on data wrangling and validation. 

• Enhanced Scenario Planning: With more complex and volatile markets, firms gain the ability to simulate and pivot strategies instantly, reducing exposure and enhancing competitiveness. 

• Data Democratization: Natural language and agent-driven interactions empower more stakeholders to engage with financial planning—not just analysts or technical users. 

• Stronger Governance: Built-in anomaly detection and audit trails help ensure data integrity and compliance – key for regulatory-heavy environments. 

Ready to Lead the Next Generation of Financial Planning? 

With deep expertise in EPM and the financial services markets, our team is uniquely positioned to help customers unlock the full potential of Pigment’s AI and ML capabilities. From implementation strategy to advanced modeling and training, we guide you every step of the way. Contact us to help build the future of finance, together!