Case Study: Cross River accelerates financial planning and reporting with Pigment

Cross River cuts board reporting time by 40% with Pigment

Cross River, a leading infrastructure provider for embedded financial solutions, faced mounting inefficiencies from manual processes and a rigid legacy system. Their previous enterprise performance management tool was unable to handle complex cost allocations, forcing the finance team to rely on error-prone Excel workbooks. To address this challenge, they partnered with vendor Pigment to implement its real-time planning platform.

The solution implemented by Pigment included a robust cost allocation module, transformed board reporting, and automated budget and forecasting models. This delivered impressive results, including a reduction of the cost allocation cycle by over 200 man hours and a 40% acceleration in Board reporting delivery. Pigment established a single source of truth, enabling self-service profitability analysis and empowering leadership with real-time, multidimensional insights for strategic decision-making.

Cross River