Case Study: Chime streamlines finance planning and goes public with Pigment

Chime cuts forecast cycle from 2 weeks to 2 days with Pigment

Chime, a financial technology company experiencing hypergrowth, faced a significant challenge with its finance function. The team was overwhelmed, spending weeks on a manual and inefficient forecasting process that utilized seven separate spreadsheet models. This left no time for strategic work. To address this, Chime's VP of Finance, Sofia Fatakhova, brought in the business planning platform Pigment to overhaul their financial architecture.

Implementing Pigment provided Chime with a single, collaborative environment that standardized data and allowed for simultaneous model building. This solution dramatically reduced their reforecast cycle from two weeks down to two days, and eventually to just half a day. The new infrastructure was crucial for a successful IPO, enabling the finance team to achieve high accuracy targets and respond to investor analysis. The efficiency gains from Pigment also freed up capacity for the team to focus on strategic initiatives, including a dedicated push to incorporate AI into their operations.

Chime