NATICK, Mass., May 6, 2016 (GLOBE NEWSWIRE) -- Centage Corporation, a leading provider of next generation budgeting and forecasting software (Budget Maestro) for small and medium-sized businesses, today announced the company and its flagship Budget Maestro product have been recognized by the 14th Annual American Business Awards, one of the nation's premier business awards programs. 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.
More than 250 professionals worldwide participated in the judging process to select this year's Stevie Award winners. The judges votes endorsed both Centage and the company's latest cloud-based Budget Maestro product offering, noting: "There are very few tools that help businesses to budget, plan and forecast their finances; Budget Maestro is an excellent tool," "Centage Corporation's cloud-based, intuitive, time-saving solutions are propelling their success," and "Centage Corporation has made impressive strides in rapid scalability, increased processing speeds, and state of the art security, making them a good nominee for this accolade of Company of the Year."
Over the past 12 months, Centage has continued to report rapid growth and customer adoption. Driven by strong demand for the company's cloud-based version of Budget Maestro, the organization recently cited a 50% increase in year-over-year sales growth for the first quarter of 2016 alone. With powerful built-in business and financial logic, Budget Maestro offers users a sophisticated but easy-to-use budgeting and planning solution—either on premise or in the cloud—designed to empower financial professionals with productivity, confidence, and greater insight into financial operations.
"Our next generation budgeting and forecasting solutions provide the financial insight small and mid-sized organizations need to grow their business and to stay ahead of the competition," said Barry Clapp, President and Chief Executive Officer, Centage Corporation. "We are grateful to be recognized for our efforts and will continue to drive the innovation that provides the market with an intuitive, easy-to-use strategic financial management tools."
Further details about the American Business Awards and the list of 2016 Stevie winners are available at www.StevieAwards.com/ABA.
Budget Maestro® by Centage is an easy-to-use, 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 allows 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 generates automatically and updates seamlessly. Budget Maestro serves more than 8,000 users worldwide. Visit us at www.centage.com, follow us on Twitter @Centage or visit our blog http://blog.centage.com/ for the latest insights on budgeting and forecasting strategies.
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