Welcome!

News Feed Item

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
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
In his session at @ThingsExpo, Kausik Sridharabalan, founder and CTO of Pulzze Systems, Inc., will focus on key challenges in building an Internet of Things solution infrastructure. He will shed light on efficient ways of defining interactions within IoT solutions, leading to cost and time reduction. He will also introduce ways to handle data and how one can develop IoT solutions that are lean, flexible and configurable, thus making IoT infrastructure agile and scalable.
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.