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Centage Corporation Reports 51% Growth in Revenue for Q1 over same period as Last Year

April 12, 2010
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Natick, Mass., April 12, 2010 – Centage Corporation, a leading provider of integrated budgeting, forecasting, consolidation and financial reporting solutions for small to mid-sized companies today announced an extraordinary 51% increase in revenue for Q1 2010 as compared to the same quarter last year. Of particular note, is that this remarkable level of performance follows on the heels of a 16% annual growth rate for 2009. Momentum for this growth is fueled by the company's new enterprise-level business performance solution, Planning Maestro that offers driver-based planning, dynamic forecasting and multi-dimensional financial reporting capabilities. The company continues to make terrific gains in adding new customers in the healthcare, non-profit, manufacturing and software industries.Centage's financial management solutions, Budget Maestro® and Planning Maestro®, offer small to mid-sized businesses an easy and affordable path to migrate off error-prone, inflexible spreadsheet models and to streamline the budgeting, forecasting, consolidation and reporting process. Centage solutions utilize built-in accounting principles and business rules ensuring calculations are 100% accurate making it a superior solution to formula-based tools that still rely on the mechanics of formula-building, maintenance and troubleshooting. This innovative, smart software is an exceptional fit for companies with an accrual-based method of accounting and deferred revenue forecasting that require a precise, accurate Balance Sheet and Cash Flow Statement emanating from Income Statement transactions."In the wake of changing business conditions, CFOs and Controllers recognize the limitations of spreadsheets for dynamic budgeting and forecasting and are looking for a tool that enables them to be more agile, more responsive to their stakeholders and offers more insight into the financial health of their business at any point in time" says Kamran Sassoon, President and CEO of Centage. "In this respect, we provide the ideal solution. Our financial management solutions incorporate what-if scenario planning, rolling forecasts, multi-dimensional financial reporting, automated Balance Sheet and Cash Flow forecasts that make it easy for financial executives to measure actual performance against plan, test new assumptions to see the impact on profitability and cash flow, and then adjust the plan to fit the course of action going forward."Centage solutions are available from a single user, Desktop Edition to a company-wide, Enterprise Edition to support hundreds of users. Fully functional versions of Budget Maestro and Planning Maestro are available for a free, 30 day evaluation, in addition to Product tours and Webinars. Visit www.centage.com/ to learn more. Budget Maestro and Planning Maestro solutions are available directly from Centage Corporation and through Centage authorized resellers.