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Centage Corporation Reports 16% Growth in 2009; Planning Maestro®, Business Performance Management Software Implementations on the Rise

January 19, 2010
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Natick, Mass., Jan. 18, 2010 – Centage Corporation, a leading provider of integrated budgeting, forecasting, consolidation and financial reporting solutions for small to mid-sized companies today announced an impressive 16% increase in revenue, coupled with a 20% increase in unit sales, over 2008 for 2009. This marks the company's 8th year of consecutive double-digit growth in revenue year-over-year. The company continued to add new clients at a strong pace in the healthcare, manufacturing, software and not-for-profit industries as well as clocking over 70 implementations of its latest business performance management solution, Planning Maestro®, since August 2009.Centage's financial management solutions, are the next logical step for small to mid-sized businesses that want to migrate off error-prone, inflexible spreadsheet models and take advantage of automation for real-time updates, budget consolidation, powerful calculation engine and precise, integrated Income Statement, Balance Sheet and Statement of Cash Flows on-demand. Customers report up to a 50% reduction in their planning cycle, accurate formula calculations and 100% alignment with their accounting/ERP system for accurate variance reporting and analysis.Centage financial management solutions include:Budget Maestro - ideal for the small to mid-size company team that requires an easy to use, cost-effective integrated budgeting, forecasting, consolidation and financial reporting for 1-10 users. Packed with numerous pre-built capabilities, Budget Maestro implementations typically take about 8 hours. The software installs in less than 10 minutes with no or little IT support required to get up and running.Planning Maestro - ideal for the mid-market enterprise that requires a more robust, Business Performance Management (BPM ) solution incorporating driver-based planning, dynamic forecasting, automated workflow and multi-dimensional financial and management reporting. Powerful modeling capabilities enable the finance team to analyze the business from multiple perspectives to aid in spotting opportunities or areas of improvement. Pre-built templates and menus easily guide budget contributors through the planning process in record time. Planning Maestro is an attractive alternative to high-end business performance management solutions for a fraction of the cost eliminating the long implementation cycle and big consulting fee. Planning Maestro implementations typically range between 24-30 hours."The secret to our success in 2009 was simple" says Kamran Sassoon, President and CEO of Centage. "We provided exceptional value to small and mid-sized businesses by providing feature-rich, easy-to-use financial management solutions to help them achieve their goals of reducing costs and improving productivity in response to an uncertain economic climate. We work side-by-side with our customers every day to ensure they get the most benefit out of what our solutions provide."Fully functional versions of Budget Maestro and Planning Maestro are available for a free evaluation for 30 days. Visit www.centage.com/ to learn more. Budget Maestro and Planning Maestro solutions are available directly from Centage Corporation and through Centage authorized resellers.