SOURCE: Centage Corporation

Centage Corporation

November 07, 2013 07:43 ET

Centage Corporation Extends Power of Budget Maestro With Updated Financial Dashboard, Business Intelligence and Reporting Capabilities

Analytics Maestro Empowers Executives to Gauge Financial Performance Quickly and Drive Better Decision Making

NATICK, MA--(Marketwired - Nov 7, 2013) - Centage™ Corporation, a leading provider of budgeting and forecasting software (Budget Maestro™) for small and medium sized businesses, today announced significant updates to its Analytics Maestro reporting tool, which provides advanced financial dashboard reporting and analytics. The powerful tool enables executives and managers to quickly see how they are performing against key performance indicators (KPIs) such as gross margin, cost per unit, and pricing, among others, and includes versatile analysis capabilities including drill-down to underlying data, trend analysis, filters and multi-dimension hierarchies. Unlike other Excel reporting tools that rely on formulas, which can easily be compromised, Analytics Maestro is based on a formula-free algorithm that ensures the integrity of data and allows users to customize reports to best meet their needs.

Analytics Maestro extends the reporting capabilities of Budget Maestro by bringing the power and flexibility of enterprise-class OLAP (online analytical processing) reporting to the desktop. Extracting key data from Budget Maestro, including all General Ledger data, Analytics Maestro offers users a clear graphic representation of gaps between budget and actual data to help drive better decision making and increased accountability throughout the organization. In addition, each user has the ability to create their own visual dashboards and reports with the most relevant, accurate and up-to-date information, customized to meet the changing needs of stakeholders. The tool facilitates self-serve analytics and reporting by empowering users to refresh reports on-demand and drill-down to detail eliminating the need for external consultants or IT support.

New features include:

  • Custom Members -- allows users to easily create custom metrics, key performance indicators, or hierarchies on the fly, without the need for IT support, custom code, or reliance on Excel formulas. Once created, custom members can be inserted into any report or view and shared among different users for advanced analytics and reporting.
  • Automated Report Formatting -- provides easy to use, custom report formatting that is maintained on a detailed drill-down of data. It can also be saved as templates and applied to new or existing reports. 
  • Member Selector -- facilitates enhanced and robust ad hoc reporting and allows users to quickly and easily change assumptions or report views by selecting different metrics or views and immediately see the impact of results. 

"Analytics Maestro has completely revolutionized the way our company prepares and analyzes its month end reports. It is easy to use, highly customizable, and links directly to our general ledger, which makes it a powerful and precise tool," said Scott Lazenby, Senior Financial Analyst at Helm Corporation. "Once the reports are created, it is truly as easy as pushing a button to refresh and update the data. Unlike anything else we've used before, Analytics Maestro has made it possible to look at our data quickly, efficiently and most importantly, accurately."

"We keenly understand the growing demand for quick and easy access to actionable financial data, customized to meet the needs of today's business leaders," said Barry Clapp, President, Centage Corporation. "Designed with the business user in mind, Analytics Maestro empowers users to develop dynamic and relevant reports simply and instantaneously, helps key stakeholders clearly understand the financial health of their organization, to fuel more strategic decision making through better business intelligence."

To learn more about Analytics Maestro, please visit: http://centage.com/Products/Financial-Dashboard-Reporting.asp

About Centage
Budget Maestro® by Centage is an easy-to-use and install, scalable, automated budgeting, planning, and forecasting application. 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 allow users to build 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 generate automatically and seamlessly update. Budget Maestro serves more than 7,000 users worldwide. Visit us at www.centage.com. For more information follow us on Twitter @Centage or visit our blog http://centage.com/Blog/ for the latest insights on budgeting and forecasting strategies.

Centage and Budget Maestro are registered trademarks of Centage.

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