Centage Releases Budget Maestro 5

FRAMINGHAM, Mass., - August 1, 2002 - Centage Corporation, a leading provider of solutions for financial management, has released the latest version of its highly successful and award-winning budgeting system, Budget Maestro.

The new version, Budget Maestro 5, builds on the strengths of previous versions, which are used by more than 5000 organizations worldwide. “Budgeting is a very important facet of managing a business,” says Centage CEO Kamran Sassoon, “but for many companies it is a long, costly and frustrating process. Budget Maestro is built on the idea that budgets can and should be built quickly and accurately, leaving more time for analysis and decision-making. Our newest version takes that vision to an even higher level.”

Budget Maestro 5 is designed for maximum productivity. Unlike other systems that may require expensive and time-consuming customization and training, Budget Maestro 5 can be up and running right out of the box in as little as one day. Every aspect of the system utilizes straightforward, natural language data entry screens. There are no formulas, macros or other frustrating spreadsheet features. Creating custom reports and sophisticated what-if scenarios is quick and easy. And Auto-Adjusting’ technology ensures accuracy of data throughout the system whenever changes are made.

Fully scalable for use in organizations of any size, Budget Maestro 5 allows fast preparation of a budget by a single user, or can automatically consolidate multiple budgets from dozens of work groups or divisions. “The more complex a business, the greater the need for a system that makes budgeting easier and more straightforward,” says Sassoon.

Budget Maestro was awarded the Best Budgeting Automation Award at the 2002 Budget Masters in Las Vegas and has received numerous favorable reviews from accounting and software publications, including PC World Magazine.

About Centage
Centage Corporation provides turnkey financial management solutions that enable organizations of all sizes sophisticated but easy-to use budgeting, 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