Natick, MA – August 28, 2017 – In time for budgeting season, Centage Corporation, a leading provider of cloud-based budgeting and forecasting software for small and medium-sized business (SMBs), launched Budget Maestro 9 with enhanced capabilities for every budget contributor to be involved in the planning and forecasting workflow. As a result, each contributor and manager sees the same comprehensive financial inputs from every corner of the business, always accurate and up-to-date, without manual collection or consolidation. The ability to simply, and automatically consolidate all budget inputs from across the organization is a core benefit of Smart Budgets—the emerging trend that transforms how finance leaders budget, forecast, analyze and report. Centage’s Budget Maestro is the first solution to fully support Smart Budgets.
“For many CFOs, one of the biggest challenges is consolidating budget sheets from all contributors. Operating budgets are often created in silos, so information gets missed or misunderstood. Days or weeks are wasted pulling information together, and one never can run as many “intelligent” scenarios as needed,” said Barry Clapp, president and chief executive officer of Centage Corporation. “Because Smart Budgets involve every budget contributor and automatically update all relevant fields, accounts, ledgers and so on, business managers will receive the most up-to-date information. They can easily test multiple scenarios to make faster decisions and immediately see the impact of those decisions, with the involvement of the contributors, all along the way. This is especially important now as the 2018 budgeting season arrives.”
Smart Budgets involve all budget contributors from the start. Business managers can work in their own role-based view of the budget, and everything rolls up to a consolidated model that can be iterated indefinitely. Individual teams can test the impact of any potential action, while the budget remains accurate and up-to-date.
“Managers from across the organization were able to watch how discussed strategy changes would impact their budgets. With each change to assumptions, we could verify the projected effect in real time,” said Gina Aspromonte, controller at M3 Midstream.
For organizations working to enable forward-thinking and accurate decision makers, having a budget that always reflects the most up-to-date financial data from around the organization is critical. Smart Budgets offer real-time insight into the financial health of companies, speeding decision making and delivering useful business information all year long.
To learn more about Smart Budgets, watch: Introducing Smart Budgets.