Looking at Pigment for your FP&A? Check out our review of Pigment and its top 4 competitors and alternatives in 2025

Modern business leaders rely on financial planning and analysis (FP&A) software to streamline their data consolidation and financial processes, as well as make data-driven informed decisions while scaling their operations.

Given the constantly evolving business environment, however, finance professionals need a solution that provides more ease of use, customization, scalability, robust integrations, and quick implementation. 

Pigment is one of the better known FP&A tools in the market currently, helping businesses create forecasts, model data, and generate reports for financial decision-making. However, it is expensive and mainly caters to mid-sized businesses and enterprises. Emerging startups and/or fast-growing businesses would prefer other FP&A solutions that offer a range of features better suited to their requirements, besides being more cost-effective and quicker to implement. 

In this article, we have compared and detailed (including features, pros, and cons) the top four alternatives to Pigment alternatives to help you make the best decision for your business. Let’s get started! 

Pigment software review

Pigment is more of a business planning and corporate performance management (CPM) software, than a complete FP&A solution, mainly used by finance and revenue teams for strategic finance operations.

Its ability to handle sophisticated financial planning makes it a good option for larger companies with complex requirements, but it may not be ideal for rapidly growing businesses. It is also highly priced and comes with a steep learning curve, which is a big hindrance for organizations seeking an efficient self-serve solution for immediate implementation and use. 

While the platform offers real-time data updating and forecasting, scenario modeling, and custom reporting and dashboards, startups and smaller businesses might prefer an alternative like Drivetrain for easier onboarding, better data analytics, and a strong user experience.

Key features 

• Integrations: Integrates and consolidates data from different tools, including Google Sheets for real-time modeling and reporting.
• Scenario planning: Allows businesses to run multiple what-if scenarios for strategic decision-making. 
• Access control: Allows users to define and control who can access, view, or modify dashboards. 
• Financial reporting: Enables different teams to collaborate and generate insightful financial reports.
• Custom dashboards: Users can create and share customized dashboards with both internal and external stakeholders, for different use cases.

Pros

• Data consolidation: Consolidates accurate data from multiple sources in real-time, helping finance teams reduce manual tasks and data import errors.
• Cross-functional collaboration: Enables teams across different functions to work together in real time. They can overwrite, tag, and comment on dashboards. 
• Data security and compliance: Complies with the major data security standards, including SOC 1 Type 2, SOC 2 Type 2, CSA STAR 1, GDPR, and CCPA. It also has detailed access controls to protect data from unauthorized access and breaches.
• Financial modeling: Helps users build and modify dynamic financial models to adapt to evolving market conditions. 

Cons

• Steep learning curve: Users need strong technical skills, such as SQL knowledge, to effectively use and model on the platform. 
• Less intuitive platform: The UI/UX is not easy to understand or navigate. Also, users have mentioned that some of the features are still work in progress.
• Formatting limitations: There are limitations in its formatting and customization options, which is quite a hindrance for finance professionals that need customized reports and dashboards.
• Challenging audit trail: The update/modification history takes a lot of work to follow on the platform, making it difficult to track who made changes and when.
• Slow real-time calculation: Real-time data processing is sluggish, causing delays that disrupt in-product workflows.

Top 4 Pigment alternatives and competitors

When it comes to selecting the right FP&A solution for your organization, it’s best to thoroughly research all the available options and choose the software best suited for your unique business and financial requirements. Here, we have compared the top 4 Pigment alternatives, including their range of features, pros, and cons, to help you to make an informed choice regarding the best one for your business.

Drivetrain

Rated as the #1 FP&A software on G2, Drivetrain is one of the best Pigment alternatives in the market, especially for an emerging startup or a mid-sized business. It offers the full range of FP&A features, including scenario planning, budgeting and forecasting, multi-dimensional modeling, and financial reporting. 

With over 200 integrations, Drivetrain seamlessly integrates with varied systems and apps to give you a unified view of your company's financial health. Additionally, Drivetrain's powerful yet simple modeling architecture enables users to model at speed and at any level of complexity. 

Drivetrain also ensures a thorough user-friendly experience with a minimal learning curve, utilizing plain English formulas and familiar Excel functions. This blend of robust computing features and intuitive design makes financial planning and analysis more efficient and adaptable across all business functions.

Key features and capabilities

• Intuitive modeling: Enables finance teams to create detailed and complex financial models using plain English formulas.
• Data analysis: Allows users to filter, drill down, roll-up projections, and analyze complex data on a single unified platform, as needed, reducing the risk of manual errors. 
• Native integrations: Integrates easily with varied business and finance systems, including CRMs, ERPs, and HRIS.
• Predictive forecasting: Provides agile forecasting and reforecasting functions, helping finance teams to quickly update their financial projections as new information becomes available.
• Strategic budgeting: Supports various strategic budgeting approaches, including rolling budgets and forecasts, providing businesses with flexibility in their financial planning.
• Scenario planning and what-if analysis: Allows users to create and compare various what-if scenarios, to explore different outcomes and adapt their models to changing business conditions.
• Role-based access control: Ensures data protection by restricting access to sensitive data and financial models based on user roles.
• Automated reporting and dynamic dashboards: Saves precious time and effort by generating consistent and accurate reports. Also, ensures that dynamic dashboards support visual clarity by breaking down complex data into charts and graphs.

Pigment vs. Drivetrain

Pigment stands out for its modeling capabilities, Drivetrain offers a significant edge in user accessibility and speed of adoption, allowing users to build sophisticated models using plain English and Excel-like formulas. This significantly reduces the learning curve, which is often a challenge with Pigment as it uses a proprietary syntax in its modeling capabilities. 

Moreover,  Drivetrain’s extensive integration library provides seamless connectivity with more than 200 different business systems whereas Pigment only provides around 20. For organizations needing quick results, Drivetrain’s faster implementation time, which is enhanced by both its  short learning curve and robust set of pre-built connectors, often makes it a better choice, especially for startups and mid-sized businesses.

What users say about Drivetrain 

“Drivetrain can connect to all my upstream data sources to build the sort of real-time reporting I need. Everything you can do in Excel, you can do better in Drivetrain (and then some). It uses a similar cell-based structure and formula language so the transition is seamless. 

You can set up your "remembered" metrics (i.e. ARR, CAC, Burn, etc.), feed them into your models, and then build reports on top of your model(s) to expose results and forecasts to various audiences at your company.

The data transforms aren't self-service (yet...I know they're working on this). I rely on a dedicated support rep to create joins and other transforms across datasets to produce the key data tables I need for my reporting. Once this is done, it will be fully self-service end-to-end and extremely powerful.” – G2 Review

“I have used several FP&A platforms and Drivetrain is the best I've used because we can model at a very granular level (vendor, department, etc.) without much effort and create digestible reporting outputs. Models actualize with accounting actuals ase with a click of a button. The ability to connect multiple data sources is very helpful as we leverage other department data to drive certain aspects of the financial model and monitor business KPIs. Reporting is very clean and the ability to create and distribute dynamic dashboards has been impactful for our team. Creating different access levels is a breeze. This is the first platform I've used where I've felt comfortable getting rid of the "backup" excel model.

[Re: Dislikes] Nothing significant, few things could make navigation even easier but Drivetrain team listens to feedback and pushes regular, thoughtful updates.” – G2 Review

Workday Adaptive Planning 

Workday Adaptive Planning is a well-known second-generation enterprise performance management (EPM) software. While it is not purpose-built for SaaS, it does offer business and financial planning features suitable for SaaS companies, such as budgeting, forecasting, and modeling.

However, its features and functionalities are mostly geared towards enterprises and may not be financially viable for small or mid-sized businesses. The platform also has limited integrations.

Key features and capabilities

• Centralized platform: Consolidates data from various sources, providing a single, centralized platform for all planning and forecasting needs. 
• Scenario planning: Allows users to model various business scenarios to make more agile, data-driven decisions.
• Workforce planning: Supports integrated headcount tracking and strategic talent planning.
• Financial close management: Consolidates financial data and creates reports from different entities and geographies into a single source of truth. 
• Collaboration and planning: Enables business leaders to unify their financial planning efforts across multiple regions or departments.

Pigment vs. Workday

Pigment offers a scalable platform for mid-market businesses and enterprises, providing flexibility for companies that need to create customized models for their specific planning needs. The platform also excels in scenario planning, providing dynamic tools for exploring “what-if” situations. However, users have noted that real-time data processing can be slow, sometimes disrupting workflows. 

Like Pigment, Workday Adaptive Planning also targets mid-market and enterprise businesses, and is particularly well-suited to handle the demands of larger organizations. With strong connections to Workday’s broader ecosystem of HR and ERP systems, it offers a cohesive and integrated experience for businesses already using its suite of products. Workday also provides a depth of templates and established best practices that make it an attractive option for enterprise-level organizations looking for structured FP&A processes.

What users say about Adaptive 

“One of [Workday’s] standout aspects is its flexibility. It allows organizations to create customized financial models and forecasts that can adapt to their unique needs. Its user-friendly interface and powerful integration capabilities also make it easier for teams to collaborate and make data-driven decisions. The ability to perform real-time analysis and scenario planning is another strong point, helping businesses stay agile and responsive to changing conditions.” – G2 Review

“Formulas and calculations can be tricky to manage. You need one or two administrators that have a strong knowledge of these as well as triggers. Finding a clear learning path of the product, that does not result in additional charges. Taking an accelerated class on formulas and having to pay for it or pay a consultant is not a solution when we already pay for the product. Dashboards are not user friendly, each tile needs to be manually updated with dates. There are no features to select dates for an entire dashboard tab.” – G2 Review

Mosaic

Mosaic is more of a financial BI tool, rather than a complete FP&A solution, for teams seeking enhanced financial visibility and strategic planning capabilities. Mosaic’s strengths are its data visualization tools and automated budgeting formulas that generate accessible insights and reduce manual work. However, it offers fewer integrations with popular CRMs, HRIS, and ERP systems, and has limited modeling and customization functionalities.

Key features and capabilities

• Budgeting and forecasting: Helps teams forecast revenue and expenditures, track actual spending against budget, and create financial forecasts.
• Custom reporting: Allows users to create customized financial reports by pulling data from multiple sources. 
• Real-time data: Ensures all users work with up-to-date financial data for consistent reporting and analysis.
• Visualization and reporting: Allows users to visualize data in different ways, including dashboards, charts, and graphs. Also, enables users to create, edit, and combine reports across multiple departments.

Pigment vs. Mosaic

Pigment and Mosaic cater to distinct needs within different areas of FP&A. Pigment positions itself as a robust business planning and corporate performance management (CPM) tool, aimed at larger organizations with complex financial modeling requirements. In contrast, Mosaic is more of a financial BI tool focused on providing enhanced financial visibility and accessible insights, and as such, is more suitable for smaller companies or those with limited finance teams.

Pigment’s strength lies in its ability to manage sophisticated financial planning through features like real-time data updates, scenario modeling, and custom dashboards. However, its steep learning curve and less intuitive interface can be significant barriers for businesses seeking quick deployment and ease of use. Additionally, its higher cost may deter startups and smaller organizations, which might find more value in lighter-weight tools.

In comparison, Mosaic offers a more user-friendly approach to FP&A with its focus on data visualization and automated budgeting formulas. However, it lacks the advanced modeling and customization capabilities that Pigment provides. The choice between the two really depends on an organization's size, complexity, and readiness to adapt to the platform’s capabilities.

What users say about Mosaic

“[Mosaic Tech is] easy to use and create graphs and visualizations for stakeholders. Great for small company leadership that doesn't have an internal finance team. I would like to have more control over data mapping, creating and reporting on custom metrics. End up often having to export to Excel and layer additional info to get the data in the form desired to present to others.” – G2 Review

“Mosaic allows me to quickly summarize financial scenarios within my organization. It enables our team to make key business decisions and scale our operations. It has been easy to use after the onboarding process. Very smooth onboarding process with the dedicated team as well. More customized charts / tables would be a nice-to-have within Mosaic. While there is a breadth of different charts and tables, it would be nice to have the ability to customize these displays more quickly than it currently is within the tool.” – G2 Review

Anaplan

Anaplan is a second-generation planning and forecasting platform for enterprise-level SaaS businesses. While not purpose built for SaaS, it has features like connected business budgeting and planning, scenario modeling, workflow tracking, etc., that are well-suited to SaaS business requirements. The platform also facilitates cross-functional collaboration for more accurate data analysis. However, most users need dedicated Anaplan teams to fully leverage its capabilities. This becomes challenging for smaller businesses looking for more cost-effective yet comprehensive FP&A solutions.  

Key features and capabilities:

• Scenario modeling: Allows users to create and test various scenarios to forecast outcomes with precision.
• Data integration: Connects seamlessly with third-party tools like Alteryx and Tableau for enriched reporting.
• Data security: Offers data encryption and role-based access, safeguarding sensitive information.
• Real-time collaboration: Ensures teams across functions can work together on a unified platform, improving decision-making and transparency.

Pigment vs. Anaplan

Pigment’s intuitive scenario planning capabilities allow for quick adjustments and dynamic forecasting, making it particularly useful for organizations focused on agility and responsiveness in their financial planning. 

Anaplan, on the other hand, excels in its scalability (with upgrades) and ability to support highly complex, interconnected planning processes. It’s often a preferred choice for large enterprises that require robust functionality across multiple business functions, such as sales, supply chain, and HR. 

The most common complaints with Anaplan are its steep learning curve and long implementation times. While implementation times with Pigment can take 3-4 months, with Anaplan implementation typically takes six months or more and often requires third party support. Both Pigment and Anaplan have a much steeper learning curve than Drivetrain, which likely contributes to longer implementation times.  

What users say about Anaplan

“Anaplan is capable of handling various use cases among FP&A, Sales, Workforce Planning, Product Manufacturing, Transportation, and Supply Chain. Anaplan offers a single platform that multiple users (100s, 1000s) can access at the same time, which allows collaborative and real time planning…Anaplan uses a sparse calculation model. As a result, models can become very large. The larger the model, the higher the licensing fees and potential impact to performance.” – G2 Review

“Easy to use tools for my monthly forecast purposes and easy to pull out for manual amendment in excel file. I can also see live reports as long as the database is up-to-date with some manual pushes...It is hard to build as it involves a lot of formulas and perhaps linkage with other dashboard which make it more complicated. The report is also quite hard to change to suit individual needs too.” – G2 Review

Choosing the best Pigment alternative

Modern FP&A solutions leverage the power of automation and AI to integrate and consolidate data, perform real-time data analysis for budgeting and forecasting, and generate actionable insights for strategic decision-making.

Pigment was designed to assist enterprises and larger companies in financial budgeting, forecasting, modeling, and generating insightful reports, enabling business leaders to make more informed decisions. But, the platform might not suit fast-growing businesses or startups that require easier integration with more systems, flexibility in data modeling, and low total cost of ownership. 

In this situation, Drivetrain emerges as one of the best alternatives to Pigment. It is a third-generation FP&A software solution purpose-built for B2B and SaaS businesses. Drivetrain has a simple yet powerful platform that enables finance professionals to easily consolidate data from various systems into a single source of truth, build accurate and scalable financial models, perform what-if scenarios, and generate custom, insightful reports — in real time.

Learn more about Drivetrain here or better yet, request a free demo!‍