Natick, MA – July 19, 2017 – Centage Corporation, a leading provider of cloud-based budgeting and forecasting software for small and medium-sized businesses (SMBs), announces enhanced integration capabilities that provide secure connections to any general ledger or accounting system. As a result, organizations can monitor and analyze budget versus actual data in real-time, all year long, and drill down into the data to gain valuable insights to make faster, more informed and confident decisions. Allowing users to constantly interact with their actual, plan and forecast data all on one integrated platform is a core capability of Smart Budgets–the emerging Smart trend that is transforming how finance leaders budget, forecast, analyze and report. Centage’s Budget Maestro is the first solution to fully support Smart Budgets.
In keeping with its goal to simplify financial processes and to make them manageable by users themselves, Centage has developed an intelligent Data Modeler that provides users a simple drag and drop facility for organizing the structure of the integrated data.
“In most businesses, critical financial data is either locked in the accounting software or elsewhere in an ERP or CRM system. Budget data and supporting data are spread around and fragmented, inefficient manual imports introduce synchronization inaccuracies and actuals data must be manually compared to the budget, which is time consuming and error-prone,” said Barry Clapp, president and chief executive officer of Centage Corporation. “Because Smart Budgets seamlessly integrate with these systems they operate as an extension of the general ledger, so the budget stays in sync with the financial data and transaction data can be accessed for analysis.”
Unlike other solutions, Smart Budgets are managed at the activity level, ensuring all transactions are automatically posted and accurately accounted for in the system. In addition, users can quickly drill-through to transactional level detail to understand why variances occurred and better understand current and forecasted business performance.
“When someone has a question I’m able to drill down and get details on the spot,” said Dion Bethell, vice president and chief financial officer at Arawak Port Development.
“Now I can compare budget to actuals at any time. My 25 P&Ls and the consolidated version are done within just minutes,” said Joe Paratore, controller, SerenaGroup.
For organizations working hard to enable forward-thinking and agile decision makers, having a budget that stays in sync with accounts and actuals is a vital tool. Smart Budgets offer a real-time line of sight into the financial health of companies, speeding decision making and delivering useful business information all year long.
To learn more about Smart Budgets, watch: Introducing Smart Budgets.