Centage Corporation Reports 10% Growth in 2010

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Centage marks 10% increase in revenue growth over 2009; Credits steady sales of enterprise performance management software and data integration capabilities

Centage Corporation

Providing software solutions that deliver exceptional value has always been the cornerstone of our growth

Centage Corporation, a leading provider of integrated budgeting, forecasting, consolidation and financial reporting software solutions for small to mid-sized companies today announced it had exceeded revenue expectations to Plan and Last Year by 3.5% and 10% respectively. This marks the company’s 9th year of consecutive double-digit growth in revenue year-over-year. The company attributes this growth to a steady stream of sales of its Planning Maestro enterprise business performance management solution to clients in the healthcare, manufacturing, software and non-profit sectors. The company also reports significant growth of the Maestro suite of products driven by its data integration capabilities to clients using Sage ERP, Microsoft Dynamics, SYSPRO ERP and QuickBooks Enterprise systems.

Centage’s financial management solutions, are the next logical step for small to mid-sized businesses that want to migrate off error-prone, inflexible spreadsheet models and take advantage of automation for real-time updates, budget consolidation, a powerful calculation engine and precise, integrated Income Statement, Balance Sheet and Statement of Cash Flows on-the-fly. Clients report up to a 50% reduction in their planning cycle, accurate formula calculations and 100% alignment with their accounting/ERP system for accurate variance reporting and analysis.

Centage financial management software solutions include:

  •     Budget Maestro - ideal for the small to mid-size company team that requires an easy to use, cost-effective integrated budgeting, forecasting, consolidation and financial reporting for 1-10 users. Packed with numerous pre-built capabilities, Budget Maestro implementations average 8 hours. The software installs in less than 10 minutes with no or little IT support required to get up and running.
  •     Planning Maestro - ideal for the mid-market enterprise that requires a more robust, Business Performance Management (BPM ) solution incorporating driver-based planning, dynamic forecasting, automated workflow and multi-dimensional financial and management reporting. Powerful modeling capabilities enable the finance team to analyze the business from multiple perspectives to aid in spotting opportunities or areas of improvement. Pre-built templates and menus easily guide budget contributors through the planning process in record time. Planning Maestro is an attractive alternative to high-end business performance management solutions for a fraction of the cost eliminating the long implementation cycle and big consulting fee. Planning Maestro implementations average 25 hours.

“Providing software solutions that deliver exceptional value has always been the cornerstone of our growth” says Kamran Sassoon, President and CEO of Centage. “We know IT budgets are tight right now, especially in small to mid-sized companies, and many vendors are competing for their share. By offering ‘packaged’ solutions with a tremendous amount of functionality already built-in and ready-to-use upon installation, our Maestro solutions continue to demonstrate cost savings and improved productivity over traditional spreadsheet-based systems for our customers.”

Fully functional versions of Budget Maestro and Planning Maestro budgeting software are available for a free evaluation for 30 days. Visit http://centage.com to learn more. Budget Maestro and Planning Maestro solutions are available directly from Centage Corporation and through Centage authorized resellers.

About Centage Corporation
Centage Corporation provides sophisticated yet easy-to use Business Performance Management solutions that enable organizations of all sizes to improve their budgeting, forecasting, consolidation and reporting capabilities. Since 1996, thousands of licenses of the company’s financial solutions, Budget Maestro® and Planning Maestro® have been sold worldwide, enabling managers at all levels to dramatically simplify their budgeting process and improve the accuracy and efficiency of their overall business planning process. The Maestro family of solutions by Centage delivers superior ROI through a combination of best price, easiest implementation and use, and a fiscally sound methodology that enables confident decision-making. Centage Corporation is headquartered in Natick, MA. For more information visit http://centage.com or call 800.366.5111.

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