NATICK, MA--(Marketwired - July 20, 2016) - Centage Corporation, a leading provider of next generation budgeting and forecasting software (Budget Maestro) for small and medium-sized businesses, today announced the company continues to experience rapid growth, due in large part to demand for its cloud-based Budget Maestro solution. Overall year-over-year sales growth for the first half of 2016 has increased more than 40 percent, while cloud sales for the same period have tripled. This momentum has been marked by validation from industry analysts and award competitions.
Committed to addressing evolving customer demands, Q2 also saw the release of new report distribution options for the company's Analytics Maestro offering. Customers can now replicate or burst reports based on individual users or specific groups, such as sales or marketing. In addition, users can automatically distribute these customized reports or books of reports via email in a variety of formats -- saving time and manual effort. In addition, Budget Maestro version 7.6 was also released, featuring improvements to report formatting and streamlining key functions for drivers, operating expenses and personnel categories.
In June, Centage was featured by BPM Partners as a Core Vendor in 2016 BPM Pulse Report for the third consecutive year. This annual performance management study highlights the industry's top solutions for budgeting, forecasting, consolidation, reporting and analytics. Centage and its flagship Budget Maestro product were also recognized by the 14th Annual American Business Awards, one of the nation's premier business awards programs. In addition, Centage received a Silver Stevie Award in the computer software category for "Company of the Year" and a Bronze Stevie Award for Budget Maestro in the "New Product of the Year -- Financial Management Solution" category. With more than 3,400 nominations submitted for consideration, Centage was a standout, recognized for both the company's ongoing growth and steadfast commitment to product enhancements.
"We will continue to invest in our suite of products to arm financial leaders with the insight needed to drive strategic decision making," said Barry Clapp, president and CEO, Centage Corporation. "Our mission remains to provide financial professionals with the most current budgeting, planning, forecasting and analytics solutions to help improve the financial performance of their organizations. Deploying the cloud-based version of Budget Maestro made our powerful tool even easier to adopt, enabling much more of the market to realize its benefits. We anticipate the customer adoption trajectory to continue in the second half of 2016, as word gets out about our cloud version, and as we continually add new budgeting and analytics functionality to our platform."
Budget Maestro® by Centage is an easy-to-use, scalable, automated budgeting and forecasting solution. It is designed for small to mid-market companies and automates many of the time-consuming and error-prone activities associated with using spreadsheets to generate accurate budgets and forecasts. It features built-in financial and business logic that allows users to create and update their budgets and forecasts, and never worry about formulas, functions, links or any custom programming. It is the only solution in the market that offers synchronized P&L, balance sheet and cash flow reporting that generates automatically and updates seamlessly. Budget Maestro serves more than 8,000 users worldwide. Visit us at Centage.com, follow us on Twitter, or visit the Centage Blog for the latest insights on budgeting and forecasting strategies.