Planning Maestro Subscription Revenue Rose Over 150% Y/Y Driven by Rapid Adoption of Intelligent Planning, Monthly Forecasting, Scenario Planning, and Rolling Budget Processes
Centage Achieves Record-Breaking Revenue Growth
Natick, MA (February 10, 2021) – Centage Corporation (www.centage.com), the leading cloud-based provider of intelligent planning solutions for finance teams, announced over 150% year-over-year subscription revenue growth in 2020 for Planning Maestro. The adoption rate of Planning Maestro has been remarkable since its release two years ago. Centage has now surpassed 500 businesses and 3000 users of the Planning Maestro platform.
“I am thrilled with our results from 2020. It was a very challenging and unprecedented year for many of our customers. Centage rose to the challenge and Planning Maestro helped our customers navigate uncertainty and establish confidence in their cash flow forecasts, scenario plans, and planning decisions in their businesses,” said John Murdock, Centage’s CEO. “We believe the tailwinds of 2020 will continue to drive more companies towards adopting agile, continuous, and intelligent processes for forecasting, planning, and business performance optimization. Centage will continue to innovate in the FP&A market and invest in product development, technology and support of customers, ultimately making Planning Maestro the cornerstone of the modern office of finance”
Intelligent Planning supports the demands of today’s dynamic business cycle throughout the year helping businesses measure performance and make course corrections along the way. Through sophisticated financial intelligence and automation in Planning Maestro, finance teams can incorporate data from multiple sources, easily build driver-based financial models, automate forecasts, and predict balance sheet and cash flow performance accurately, as well as run what-if scenarios to test the outcomes of strategic decisions – all of which are critical in today’s business climate.
Centage earned several notable industry awards in 2020. Centage earned Bronze status in the 2020 Golden Bridge Business and Innovation Awards® in the Best New Product Category – in both Business Products and Technology Software. Centage also ranked as an Overall Leader in both Customer Experience and Vendor Credibility in the 2020 Dresner Advisory Services Wisdom of Crowds® Enterprise Performance Management (EPM) Study and received a Perfect Score for Likelihood to Recommend. In addition, Centage was also honored with Dresner Advisory Service’s Overall Industry Excellence Award. Centage was named the winner of a Gold Stevie® Award in the Fintech Solution category as well as two Silver Stevie Awards in the Financial Management Solution and the Achievement in Product Innovation categories respectively. And Centage ranked as an outstanding budgeting and planning software in the BPM Partners Pulse of Performance Management customer survey.
To learn more about Centage and Planning Maestro, please visit www.centage.com.