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Centage Corporation Reports Record Growth of New Customers for Budgeting and Forecasting Software in Vertical Markets

October 14, 2009
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Natick, Mass., October 13, 2009 – Centage Corporation, a leading provider of integrated budgeting, forecasting, consolidation and financial reporting solutions, marked a significant increase in sales of its flagship performance management software solution, Budget Maestro®, (compared to the same 3 quarters in 2008) in these industry verticals - healthcare, manufacturing, software/high tech and not-for profit organizations.As an alternative to spreadsheet-based budgeting, Budget Maestro offers features and functionality that automate many of the manual, labor-intensive processes involved in the budgeting and planning process freeing up the finance team to focus on high-value analysis while ensuring budget contributors have an easy-to-use tool to facilitate data entry. Users can also create multiple what-if scenarios, in minutes, to test varying revenue, expense, payroll and production assumptions enabling executive management to clearly assess the potential impact of their decisions before they implement them.Healthcare organizations top the list of new customer growth with an extraordinary 72% increase over the same period last year. New customer acquisition continued to grow among manufacturers by 45%, followed by a 39% and 31% increase in new customers in the software/high tech and not-for-profit sectors, respectively."The economic climate this year has been a challenging one. Companies investing in budgeting and forecasting technology solutions were clearly driven by the need to reduce labor costs, gain better visibility into profitability and to help forecast cash flow more precisely," says Kamran Sassoon, President and CEO of Centage. "All of which Budget Maestro does exceptionally well."For companies evaluating budgeting and forecasting software, Centage offers Budget Maestro Product Tours, Webinars and 30-day free trials at www.centage.com/. Budget Maestro is available directly from Centage Corporation and through Centage authorized resellers.