Centage Receives Best of Budgeting Automation Award

FRAMINGHAM, Mass., - June 3, 2002 - Centage Corporation, a leading provider of turnkey solutions for financial management, was honored with the Best of Budgeting Automation Award at the 2002 Budget Masters Conference in Las Vegas.

Centage received the award for its flagship product, Budget Maestro, a powerful budgeting and forecasting software for budget preparation, tracking and reporting.

Budget Masters is an annual event that brings together providers and users of budget preparation software and consulting services. “To stand out among the many providers of budgeting solutions at Budget Masters is an indication of the quality of our offering,” says Centage CEO Karman Sassoon. “We’ve worked hard to build the best budget software solution for organizations of all sizes. This award demonstrates that we’ve done a good job of listening to our customers and finding answers to their key issues.”

Budget Maestro is a comprehensive financial management tool for organizations of all sizes that provides very sophisticated but easy-to-use budget preparation software, forecasting and reporting capabilities. Fully scalable, Budget Maestro allows fast preparation of a budget by a single user, or can automatically consolidate multiple budgets from dozens of work groups or divisions. Unlike spreadsheet-based systems, Budget Maestro utilizes natural language input screens, so line managers with little or no accounting expertise can easily build their own budgets.

Over 5000 organizations use Budget Maestro for budget preparation software, forecasting and reporting.

About Centage
Centage Corporation provides turnkey financial management solutions that enable organizations of all sizes sophisticated but easy-to-use budget preparation software, forecasting and reporting capabilities. Centage Corporation is headquartered in Framingham, MA and is privately owned. For more information visit www.centage.com or contact Centage Corporation at 866.423.6824.

Media Contact:
Holly Intravia
713.344.2440 ext. 2442
mediainquiries@centage.com