Centage Announces New Version of Budget Maestro^®

Version 5.7 offers set-up wizard for faster implementation, greater ease of use, integrated with Crystal Reports^®

FRAMINGHAM, Mass., - June 30, 2003 - Centage Corporation, a leading provider of Business Performance Management solutions, has released the latest version of its highly successful and award-winning budget forecasting software, Budget Maestro. The new version builds upon the company’s earlier release and features significant enhancements that deliver even faster implementation time and ease of use.

"Budget Maestro has been recognized for its rich functionality and quick time to implement" says Centage CEO Kamran Sassoon. "This new version of budget forecasting software continues to extend the breadth of capabilities, enhanced user intuitiveness and increased flexibility for a practical, affordable solution – straight out-of-the box. This is a great tool for companies that seek an alternative to using spreadsheets for budgeting but don’t want to break the bank."

Budget Maestro integrates planning, budgeting, budget forecasting, consolidation and reporting into a single source. Database-driven technology helps to centralize financial data, provides a common interface for all managers and fosters collaboration. Budget Maestro provides the robust analytical features for the "power user" with a simple interface for the non-financial user. Companies can implement the software out-of-the-box at a fraction of the cost and time of similar budgeting and forecasting solutions.

"We recognize the challenges companies face in collecting and entering data to produce a budget that is reliable and relevant. Budget Maestro helps organizations save time and manage their resources more efficiently," says Sassoon. "The financial team can spend more time performing analysis of the business and the line managers can get back to running the business."

New 5.7 Features!

• Set-up Wizard - quickly gets you up to speed with a friendly wizard that steps you through installation and set up.
• Crystal Reports^® - for easy formatting and display of presentation-style reporting.
• Report Maestro^™ - drill down reporting at all levels.
• Enhanced Modeling – provides more flexibility to customize to your requirements.
• Enhanced Personnel Module – expanded salary related expense calculation options.
• Import Maestro^™ - pre-formatted excel templates make data transfer from your accounting or business application faster and simpler.
• Multi-Currency Support - calculate currency exchange rates and perform conversions for any number of denominations.
• Bottom up/Top Down Allocations – calculate a variable revenue or expense and allocate the results to other cost centers/depts.

About Centage
Centage Corporation provides Business Performance Management solutions that enable organizations of all sizes sophisticated yet 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 800.366.5111.

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