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

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.

About Centage

Centage Corporation’s Planning Maestro is a cloud platform for modern planning and analytics that transforms how companies budget, forecast and report performance. Centage delivers sophisticated financial intelligence that can be implemented quickly and scale with the needs of today’s dynamic businesses. With a direct line-of-sight into the organization’s financial health, Centage clients can react quickly to market changes, take intelligent risks, and capitalize on new opportunities. Centage serves over 10,000 users worldwide. Visit Centage.com, follow on LinkedIn, or visit the Centage Blog for the latest insights.

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Centage, Planning Maestro, and Budget Maestro are registered trademarks of Centage.

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