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More Than 7,200 Users Rely on Budget Maestro for Strategic Budgeting and Forecasting Solutions

Company Grows Revenue by 20% and Increases Channel Sales by 300% in 2013

NATICK, MA -- (Marketwired) -- 02/11/14 -- Centage™ Corporation, a leading provider of budgeting and forecasting software (Budget Maestro™) for small and medium sized businesses, today recounts a successful 2013, marked by innovative product development, increased customer adoption and development of a channel partner program. Forward thinking financial leaders are harnessing the power of Budget Maestro to automate the budget process and move beyond Excel spreadsheets. In 2013, Budget Maestro helped streamline the budgeting process, provided easy to use business intelligence to support strategic business decision making, and delivered significant ROI for more than 7,250 users worldwide.

2013 Fast Facts

  • 20% company revenue growth, year over year
  • Increased user base by 30%
  • Increased channel sales by more than 300%
  • CFO John Orlando named Finalist; Boston Business Journal, CFO of the Year

Customer Adoption

  • Successful customer implementations include leading Alaskan retailer, Hames Corporation and Wagner Asia Equipment LLC, a leading dealer of Caterpillar Corporation's equipment.
  • New customers include Alliance Tire, Bard Date, Brandeis University, Francis Ford Coppola Winery, Home Service Stores, Immune Design, ThyssenKrup Elevators, and Vermont Country Store.

Product Innovation

  • Announced significant updates to Analytics Maestro which provides advanced financial dashboard reporting and business intelligence and analytics. Extracting key data from Budget Maestro, and from the General Ledger, Analytics Maestro offers users a clear graphic representation of gaps between budget and actual data to help drive better decision making and increased accountability throughout the organization. This new upgrade allows each user the ability to create their own visual dashboards and reports with the most relevant, accurate, and up-to-date information, customized to meet their changing needs. The tool facilitates self-serve analytics and reporting by empowering users to refresh reports on-demand and drill-down to detail, eliminating the need for external consultants or IT support.

Partner Momentum

  • Formalized a new Channel Partner Program, designed to empower successful solution providers in the financial SMB systems space to offer their clients additional value by improving their budgeting and forecasting capabilities. Centage offers extensive training capabilities, technical expertise, and a wealth of demand generation materials to help partners such as Microsoft VARs, Blytheco, SYSPRO, SAGE, and BT Partners the opportunity to further strengthen customer relationships and at the same time bolster revenue opportunities.

Business Development

  • Received outside capital investment from the Massachusetts Growth Capital Corporation (MGCC). The investment supports the company's plans to expand its cloud computing offerings, increase its marketing reach, to invest in international growth, and grow its employee base and office space.

Thought Leadership

  • Noted as "Comprehensive" among established players in the market, the annual BPM Partners Vendor Landscape Matrix emphasizes Budget Maestro is ideally suited for small to midsize companies looking for an easy to use and low cost, robust performance solution that can grow with the business.
  • Hosted ongoing thought leadership webinar series with Aberdeen, Beyond Budgeting Roundtable, and BPM Partners.

"In 2013, we made great strides in delivering the value of Budget Maestro through our formalized channel partner program, we increased our customer roster, and we continued to invest in the Budget Maestro suite of products to address the growing needs of our customers," said Barry Clapp, President & COO, Centage Corporation. "We are grateful to our customers for their loyalty, and our employees for their dedication to helping empower today's financial leaders with the tools needed to drive value beyond spreadsheets and formulas. With an unwavering commitment to this mission, we look forward to a successful 2014."

About Centage
Budget Maestro® by Centage is an easy-to-use, scalable, automated budgeting, planning, and forecasting application. It is designed for small to mid-market companies and automates many of the time-consuming and error-prone activities associated with using spreadsheets to generate accurate budgets and forecasts. It features built in financial and business logic that allow users to build and update their budgets and forecasts and never worry about formulas, functions, links or any custom programming. It is the only solution in the market that offers synchronized P&L, Balance Sheet, and Cash Flow reporting that generate automatically and seamlessly update. Budget Maestro serves more than 7,000 users worldwide. Visit us at www.centage.com. For more information follow us on Twitter @Centage or visit our blog http://centage.com/Blog/ for the latest insights on budgeting and forecasting strategies.

Centage and Budget Maestro are registered trademarks of Centage.

Media Contact:
Sarah Murray
Attune Communications
+1 781 378 2674
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