Natick, MA, June 28, 2017 (GLOBE NEWSWIRE) -- Centage Corporation, a leading provider of cloud-based budgeting and forecasting software for small and medium-sized businesses (SMBs), has expanded its financial reporting and analytics capabilities. By utilizing Smart Budgets, business users can, themselves, with 1-2 hours training, easily build financial reports, analyze the numbers and investigate the meaning behind those numbers. As a result, they quickly gather the knowledge and insights they need to make faster, more confident decisions. Centage’s Budget Maestro is the first solution to fully support the emerging Smart Budgets trend that is transforming how finance leaders budget, forecast, analyze and report.
“CFOs tell us that business agility is often throttled by a reliance on IT to create queries and build ‘snapshot’ reports,” said Barry Clapp, president and chief executive officer of Centage Corporation. “Static reports offer no easy way to explore the numbers. With Smart Budgets, reporting and analysis becomes ‘self-serve.’ Putting these capabilities in the hands of the people who need it helps them better understand and react faster to underlying issues or opportunities.”
Because Smart Budgets connect to corporate financials, users are constantly interacting with their actual, plan and forecast data, all integrated in one platform. In addition to summary level information, they can quickly ‘double-click’ to drill-through to transactional level detail to discover root causes, filtering the information they want to see and building the exact visual reports they need.
“With the click of a button, the University’s finance team can run a report, and within just five minutes, present forecasted future financial statements based on specific criteria to the executive council and management teams,” said Michael Dei, planning and budget director, financial operations at Houston Baptist University.
For organizations working hard to enable forward-thinking and agile decision makers, analytics and reporting are vital tools. Smart Budgets give business users access to critical information at the right time and in the right format for full comprehension.
“We’ve seen business users generating the reports they need, in the format they need, within their first hour,” explains Ram Hasson, vice president and general manager, analytics division at Centage.
To learn more about Smart Budgets, watch: new video.
About Centage
Budget Maestro® by Centage is an easy-to-use, scalable, cloud-based budgeting and forecasting solution that eliminates the time-consuming and error-prone activities associated with using spreadsheets. It is designed for small to mid-market companies to support a comprehensive Smart Budgets approach to corporate planning. Its built-in financial and business logic allows users to quickly 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 automatically generated cash flow reporting. Budget Maestro serves more than 9,000 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.
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Centage and Budget Maestro are registered trademarks of Centage.
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