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Centage Corporation Grows Customer Base by 35 Percent
in First Half of 2004
Mid-market companies increasingly using company’s Budget Maestro solution for
financial business performance management
HOUSTON, TX, July 20, 2004 - Centage Corporation, a leading provider of integrated budgeting,
forecasting and financial reporting solutions for mid-market organizations, today announced that it has
grown its customer base by 35 percent in the first half of 2004.
Among the companies that Centage has added to its client roster are: Binney & Smith,
a manufacturer of arts materials including Crayola® crayons and Silly Putty®; ONI Medical Group,
a developer of open-extremity MRI systems; Atrenta Corporation; a provider of predictive analysis
and verification solutions to electronics companies; and Gelita USA, Inc., a manufacturer of gelatine
for the food, photographic and pharmaceutical industries.
Although spreadsheets are the most widely-used budgeting and planning tool, companies are increasingly
turning to database-driven applications that more easily promote real-time financial visibility and
accountability in the organization. Businesses can use Centage’s Budget Maestro to import and export
data from a variety of financial applications, accounting packages and customized spreadsheets,
allowing them to integrate planning, budgeting, forecasting, reporting and analysis processes
into a single solution that helps managers make more informed decisions. The product supports the
full business management cycle of budget development, comparing actual results to plan, re-forecasting,
contingency and what-if scenario planning, and financial and management report generation.
“With a large number of cost centers and accounts, we wanted a more manageable way
to plan and analyze budget detail rather than relying exclusively on Excel spreadsheets,”
said Bob Shelley, manager of financial planning and budgeting for Binney & Smith. “We were also
looking for a cost-effective, feature-rich software solution to supplement our existing budgeting
and planning process, and Budget Maestro provides us with these capabilities.”
In August 2004, Centage will be introducing Budget Maestro Version 5.8,
which features tight integration with Excel, more than 40 pre-formatted Crystal® report templates for more
intelligent reporting, and enhanced tools to improve user collaboration and accuracy. The new version
of Budget Maestro provides mid-market companies a migration path to a single solution for all their
performance management needs from planning, budgeting and forecasting to management of assets, inventory and
debt.
To learn more about Centage Corporation, visit www.centage.com or call 1-800.366.5111.
About Centage Corporation
Centage Corporation provides sophisticated yet easy-to use Business Performance Management
(BPM) solutions that enable organizations of all sizes to improve their budgeting, budget forecasting
and reporting capabilities. Since 1995, thousands of licenses of the company’s premier financial
solution, Budget 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. Budget Maestro 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 Houston, TX.
For more information visit www.centage.com
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