Financial consolidation in Pigment

Financial consolidation combines the financial results of a parent company and its subsidiaries into a single set of statements, after translating currencies and removing internal transactions such as intercompany eliminations. It is the foundation of statutory and group reporting. Pigment handles multi-entity, multi-currency consolidation and links the results to your FP&A models.

Pigment offers out-of-the-box Multi-GAAP Starter Kits covering standards such as IFRS, US GAAP, UK GAAP and French GAAP. You can configure them to your context with the Modeler Agent in natural language. Confirm the exact standards and local requirements for your entities with your accounting team and Pigment.

Pigment automates data imports, currency conversion, intercompany eliminations, journal entries and adjustments, and generates consolidated financial statements. Out-of-the-box Multi-GAAP Starter Kits speed up implementation, and close workflows keep each step controlled and traceable. This reduces manual work and errors, so finance teams deliver consolidated results faster.

Yes. Pigment automates FX rate application, translating local currency data into your reporting currency using period-end and average rates, so consolidated reporting stays compliant and accurate across borders. Read more about currency translation and FX impact.

By freeing your team from manual tasks, Pigment gives FP&A teams the time and tools to analyze performance, run scenarios, and provide recommendations that drive growth. Explore how Pigment makes your finance team a key strategic partner.

Pigment unifies consolidation and FP&A in one no-code platform, so your statutory and management reports share the same data instead of being reconciled between systems. Accounting users can set up their own workflows, tasks and notifications, and the model adapts to changes in hierarchies, ownership and reporting needs without losing controls. Evenflo reports closing in less than half the time with a smaller team.

Yes! Pigment connects to ERPs like Netsuite and Sage Intacct, CRMs like Salesforce and HubSpot, plus billing tools like Stripe and Chargebee. You get automated, scheduled data imports to keep your consolidated financial statements up to date. Learn more about Pigment integrations.

Pigment natively supports ownership structures and changes in scope, intercompany matching and eliminations, journal entries and adjustments. The flexible modeling layer adapts hierarchies and ownership logic, and you can analyze the effect of FX shifts, ownership changes or acquisition scenarios on consolidated results, without rebuilding the model.

Pigment provides comprehensive audit logs, SOX readiness, controls and traceability, with built-in close and reporting workflows that follow accounting standards. Every change is recorded in an audit trail, and granular access rights control who can see and modify data. Pigment is SOC 1 and SOC 2 Type 2 and ISO 27001 certified. See the security page.

Vinci Airports' FP&A team reports saving 3 to 4 days on each quarterly reporting or budget closing cycle, and Evenflo reports closing in less than half the time with a smaller team. Results depend on your data, entities and processes.

You can describe your consolidation need, such as multiple entities or currencies, and Pigment's AI agent builds a model and board in your private trial workspace. Because usage limits apply to data storage and calculation capacity during the 14 days, start with a representative subset of your entity data rather than a full production load.