Financial consolidation is entering a new era. Long considered one of the most complex and rigid processes within the finance function, it is now evolving under the impetus of artificial intelligence technologies.
In this context, Pigment announces the enhancement of its financial consolidation capabilities, with the ambition of offering a more dynamic, intelligent approach connected to other performance management processes.
A response to the limitations of traditional approaches
Historically, financial consolidation has relied on largely manual processes, time-consuming controls and inflexible systems. As organisational complexity increases, these limitations become more apparent: longer closing cycles, a growing risk of errors and difficulty adapting quickly to business changes.
In response to these challenges, the introduction of artificial intelligence opens up new possibilities. In particular, it makes it possible to automate certain critical tasks, improve data reliability and streamline the entire process.
New capabilities for more agile consolidation
With this in mind, Pigment is expanding its offering with new components integrated into its multi-GAAP Starter Kit, making consolidation implementation easier, particularly for companies operating in the US market.
At the same time, the platform is introducing a Consolidation Agent, designed to support finance teams continuously. This agent uses AI to:
- Identify and resolve reconciliation anomalies
- Manage blocking controls in real time
- Provide continuously available multi-GAAP support
This approach aims to reduce reliance on manual interventions while securing critical processes.
Consolidation connected to performance management
Beyond automation, this development is part of a broader vision: that of integrated finance, in which consolidation is no longer an isolated end-of-cycle process.
By integrating with other building blocks such as planning, reporting or scenario modelling, consolidation becomes a performance management lever in its own right. Teams can therefore benefit from real-time visibility and adjust their decisions more quickly.
A gradual transformation of the role of finance teams
With the emergence of these new tools, the role of finance departments is evolving. Less focused on repetitive operational tasks, they can devote more attention to analysis, forecasting and the strategic support of the business.
AI-enhanced financial consolidation therefore marks an important step in the modernisation of the finance function. In an ever-changing economic environment, the ability to produce reliable, timely and actionable information is becoming a key performance factor.
source: Pigment
