Centage Corporation Announces Enhanced Functionality for Cloud-based Budget Maestro

Natick MA – August 20, 2015 – Centage Corporation, a leading provider of budgeting and forecasting software (Budget Maestro™) for small and medium sized businesses, today announced an enhanced version of its cloud-based Budget Maestro budgeting, planning, forecasting and analytics suite of products that will allow customers to access the system from anywhere via any web browser and without maintaining any IT infrastructure.Having experienced increased demand for its current Budget Maestro cloud offering, Centage has enhanced its cloud systems to provide easier access and implementation, rapid scalability, increased processing speeds, and state of the art security For companies that do not want to maintain the IT resources and infrastructure to support the Budget Maestro application on premise, Centage can manage all the work and provide cloud access to all users. As needed, customers can still host their ERP systems internally, or in the cloud, and Budget Maestro will continue to integrate to the back office systems seamlessly.“We want our customers to have access to our world-class budgeting tool, regardless of whether they want to install it on their own site or want to access it in the cloud,” said Barry Clapp, President and CEO of Centage. “What is important is that customers have a tool that creates a seamless forward-looking financial plan that is an accurate extension of their general ledger. The means by which they access the tool should be whatever is most convenient, secure, and cost effective for them. Our goal is to empower the management of companies to make the best business decisions and not to spend time worrying about the underlying technology.”Upon review of the enhancements, Craig Schiff, President and CEO of BPM Partners, commented, “The timing is right for Centage's enhanced on-demand offering as more and more midmarket companies are looking to minimize demands on IT and keep their performance management projects moving forward by focusing on hosted/cloud-based solutions. The latest version of Budget Maestro provides the key benefits of cloud-based solutions: a scalable, secure system that is always fully up to date and can be accessed on demand, from any device and any location.”“I like the go-anywhere feature of Budget Maestro’s new cloud platform as well as the ease of access from any device. Now I can seamlessly access my budgeting and forecasting information from home or on the road,” said Budget Maestro cloud customer Dodi Stout, Supervisor, Finance & Cost Accounting from Haws Corporation. “The new interface lets me have several windows open so that you can drag screens onto multiple monitors which is great for increased efficiency and productivity.Unique to any other budgeting and forecasting software in the market, Budget Maestro is based on pre-programmed budget and finance logic that automatically generates all of the GAAP compliant calculations needed to create financial plans, eliminating the need to maintain and troubleshoot inaccurate spreadsheets. It seamlessly integrates with any back office or general ledger system, and automatically creates budgets that are forward projections of the Income Statement, Balance Sheet and Cash Flows. With a strong user base of more than 700 companies, the Budget Maestro suite of solutions offers financial leaders the insight and agility needed to optimize their resources and effectively compete in today’s market.