Framingham, MA – September 20, 2022 – Centage Corporation (www.centage.com), the leading provider of cloud FP&A solutions to SMB finance teams, announced today that HASCO – The Housing Authority of Snohomish County – has adopted Planning Maestro to streamline and simplify the budgeting and reporting process to better support their complex nonprofit needs. By moving beyond Excel, HASCO is now able to build their budget quickly and easily, perform critical budget vs. actuals analysis with more detail than ever before, and provide leadership and the Board with greater insight into the organization’s financial position to make key business decisions.
“It’s a wonderful thing that I can go in, hit a couple of buttons, wait a few minutes and all my actuals data comes right into Planning Maestro,” said Jenny Barker, senior budget manager. “And I love the ability to drill down, I have access to so much more information now than I have had before to really show what’s going on.”
The Housing Authority of Snohomish County (HASCO) is a nonprofit, government agency that provides housing solutions for the people and communities of Snohomish County in Washington state.
One of the biggest benefits of Planning Maestro is its seamless integration with HASCO’s accounting software. Because of this integration, the solution operates as an extension of the GL, pulling in actuals data so the HASCO team can monitor and analyze budget vs. actuals on an ongoing basis. The platform automatically adjusts projected revenues, expenses, and the anticipated bottom line, offering transaction-level detail. Budget vs. actual analysis is simplified with the ability to drill down and understand why variances occurred, providing valuable insight into current and forecasted performance.
In addition, running monthly reports has become faster, easier and provides much more detail – plus reports are created in minutes instead of hours. For budget vs. actuals reports, as well as various reports for different budget managers, HASCO takes advantage of Planning Maestro’s advanced reporting features to slice and dice data to provide reports containing exactly what those budget managers – and leadership – want to see, including ‘birds eye view’ reports for their Board.
“HASCO, like many nonprofits, has a complex budgeting and planning process that is a perfect fit for Planning Maestro,” says Scott Jennings, chief revenue officer at Centage. “As an organization they have moved beyond Excel to embrace the powerful capabilities of modern FP&A to reduce complexity and gain greater insight into the organization’s financial position to support decision-making.”
Centage’s Planning Maestro is a cloud platform for budgeting, planning, forecasting and analytics. It delivers sophisticated financial intelligence that can be implemented quickly and scale with the needs of today’s dynamic businesses. The platform – available in three editions – allows finance teams to integrate data from multiple sources, easily build and manipulate driver-based financial models, predict balance sheet and cash flow performance with accurate and automated forecasts, as well as run what-if scenarios to test the impacts of strategic decisions.
To learn more about how HASCO is using Planning Maestro, read their full case study.