Centage Corporation Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Centage Corporation Strengths, Domain Expertise, and Key Differentiators

Centage Corporation is a provider of automated budgeting and planning software solutions catering to small and medium-sized organizations. Their flagship product, Budget Maestro, is an intuitive, scalable, and automated application designed specifically for small to mid-market companies. By automating numerous time-consuming and error-prone tasks associated with spreadsheet-based budgeting and forecasting, Budget Maestro ensures the generation of precise budgets and forecasts.

In addition to Budget Maestro, Centage offers two valuable add-ons to enhance financial management capabilities. Analytics Maestro provides a visual representation of key performance indicators using enterprise-class online analytical processing multi-dimensional reporting technology. On the other hand, Link Maestro streamlines the exchange of financial information between accounting/ERP systems, streamlining financial data management processes. Together, these offerings empower businesses to make informed decisions and optimize their financial planning and reporting.

Centage Corporation Recent Developments

In June 2020, Centage introduced its Scenario Planning Service package, specifically tailored to support small and mid-sized businesses (SMBs) in making informed financial decisions during times of uncertainty and change. This service offers critical scenario and what-if planning exercises, enabling finance teams and business managers to assess the impact of various internal and external variables on their financial forecasts. By having a plan in place for all potential outcomes, businesses can navigate uncertain situations with greater confidence and clarity.

The Scenario Planning Service package boasts a rapid implementation process, delivering valuable scenarios to organizations within two to three business days. Participating businesses receive two forecast scenarios accompanied by comprehensive financial statements, including Profit and Loss (P&L) statements, a comparison of 2019 actuals against each forecast scenario, balance sheet forecasts for each scenario, and cash flow forecasts for each scenario. This comprehensive package equips SMBs with the tools they need to make well-informed financial decisions swiftly and effectively.

Centage Corporation Mergers and Acquisitions (M&A) Activities

In 2019, Centage Corporation successfully raised $8.5 million in a Series C funding round, led by TVC Capital, with participation from institutional investors and existing backers. This funding underscores Centage's impressive growth trajectory over the past years, highlighted by a record-breaking year of revenue in 2018. The company's expansion can be attributed to the strong demand for its Cloud SaaS offering, delivering advanced planning, forecasting, and budgeting solutions that incorporate sophisticated analytics tools and built-in business and financial logic. Notably, this cloud-based solution eliminates the need for IT overhead and infrastructure, providing financial planning capabilities typically reserved for larger enterprises.

In October 2014, Centage strategically acquired BI-Metrix, Inc., the creators of BI-Analyzer, the powerful business analytics tool fueling Analytics Maestro. This acquisition served to enhance Centage's business intelligence capabilities and expertise, while also augmenting engineering resources to better cater to customer needs. As a result, new and existing customers now have the option to integrate standalone business intelligence and financial analytics metrics into their current ERP and general ledger platforms, further enriching their financial management capabilities.

Centage Corporation Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Centage Corporation applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Centage Corporation and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Budget Maestro, Analytics Maestro, Link Maestro, customers.

Centage Corporation Key Enterprise and Cloud Applications

Budget Maestro, Analytics Maestro, Link Maestro,

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Centage Corporation Direct vs Indirect sales

Centage Corporation Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Centage Corporation Customers

No. of Centage Corporation Customers: 1000

No. of Centage Corporation Enterprise Applications Customers: 1000

No. of Centage Corporation Cloud Customers: 650

No. of Centage Corporation Cloud Subscribers: 10000

Centene Corporation boasts a substantial global user base, serving more than 10,000 users worldwide. Some notable customers include Coppola, Dannon, Tabasco, King's Hawaiian, HunterDouglas, 1 800 Contacts, Catallia, Day's Jewelers, Epson, Betco, Ericson, Jasco, Honda, Hyatt, Dassault Falcon Jet, Baker Tilly, Nova Biomedical, BioNano Genomics, SeaMArt, Yorktel, Houston Food Bank, PEL Supply Company, Chicago Realtors, Macias Gini & O'Connell LLP, Community Care, Inc, Pumps, Parts & Service, Inc, Davis Beverage Group, Stoneway Concrete, ClearTrack Information Network, Inc, Arrow Gear Company, among others. The company's wide-ranging clientele underscores its strong market presence and ability to cater to diverse industry sectors

Centage Corporation Market Opportunities, M&A and Geo Expansions

For Centage Corporation, the increasing adoption of cloud-based financial management systems presents a substantial growth opportunity for Centage. As remote work becomes the norm, more businesses are seeking flexible and accessible financial planning solutions. Additionally, exploring new regional markets and expanding their customer base internationally could open up untapped opportunities for growth.

Centage Corporation Risks and Challenges

Centage Corporation faces several risks in the competitive financial management software landscape. Internally, they need to ensure a seamless go-to-market strategy and effective customer success efforts to maintain and grow their customer base.

Externally, market competition can challenge their growth and market share. Keeping pace with rapidly evolving technology and customer demands is crucial. Additionally, data security and privacy concerns pose risks, and Centage must invest in robust security measures to safeguard customer data.

Centage Corporation Ecosystem, Partners, Resellers and SI

In June 2020, Centage Corporation announced a strategic integration with Microsoft Dynamics 365 Business Central, a cutting-edge CRM and ERP application tailored for small to medium-sized enterprises. This integration effectively responds to the growing need for cloud-based financial management systems within the SMB sector, particularly as the trend towards remote work drives a surge in demand. By seamlessly incorporating this new integration with Planning Maestro, Centage further strengthens its portfolio of Microsoft integrations, offering enhanced financial planning and management capabilities to its valued clientele.

In July 2017, Centage Corporation entered into a strategic partnership with Tribridge, aiming to meet the surging demand for cloud-based financial management systems. As part of this collaboration, Tribridge extends Centage Corporation's cloud-based Budget Maestro application to its extensive customer base, comprising over 4,000 clients across the United States.

Centage Corporation further strengthens its market presence through partnerships with esteemed solution providers, including ACI Consulting, ArcherPoint, BAASS, Blytheco, RSM, SWK Technologies, and TMC. Additionally, the company has established valuable alliances with prominent technology companies, such as Sage, Abila, Oracle, Emphasys Software, Microsoft, SYSPRO, and TARGIT. These strategic partnerships enhance Centage's ability to offer comprehensive financial management solutions, catering to a diverse range of customers and industries.

Centage Corporation Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: