Centage Corporation Strengths, Domain Expertise, and Key Differentiators
Centage Corporation is a provider of automated, budgeting and planning software solutions for small to medium-sized organizations. Budget Maestro by Centage is an easy-to-use, scalable, automated budgeting, planning, and forecasting application that 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.
The company also provides Analytics Maestro, a Budget Maestro add-on that provides a visual display of key performance indicators, utilizing enterprise-class online analytical processing multi-dimensional reporting technology; and Link Maestro, a Budget Maestro add-on that automates the exchange of financial information between accounting/ERP system.
Centage Corporation Recent Developments
In June 2020, Centage Corporation made a new integration with Microsoft Dynamics 365 Business Central, Microsoft’s next-generation CRM and ERP application designed for small to medium-sized businesses. This integration addresses the rapidly increasing demand for cloud-based financial management systems among SMBs, which has seen a significant increase as more Finance teams are working remotely. This new integration will be added to the existing Microsoft integrations available for Planning Maestro.
In July 2017, Centage Corporation made a partnership with Tribridge to help address the rapidly growing demand for cloud-based financial management systems.
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 Maestr, Analytics Maestro, Link Maestro, customers.
Centage Corporation Overview
Ownership: - x
Number of Employees: 120
Functional Markets: Analytics and BI, Enterprise Performance Management,
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Manufacturing, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Professional Services, Retail, Transportation, Utilities,
Centage Corporation Key Enterprise and Cloud Applications
Budget Maestr, Analytics Maestro, Link Maestro,
Centage Corporation Revenues, $M:
| Type/Year | 2018 | 2019 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Centage Corporation Revenue Breakdown By Type, $M:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Centage Corporation Enterprise Applications Revenues By Functional Markets, $M:
Centage Corporation Enterprise Applications Revenues By Verticals, $M:
Centage Corporation Revenues By Region, $M
| Region | % of Total Revenues | 2019 Total Revenues, $M | 2019 Enterprise Applications Revenues, $M | 2019 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Centage Corporation Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Centage Corporation Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Centage Corporation Customers
No. of Centage Corporation Customers: 10000
No. of Centage Corporation Enterprise Applications Customers: 10000
No. of Centage Corporation Cloud Customers: 6000
No. of Centage Corporation Cloud Subscribers: 10000
Centene Corporation now serves more than 10,000 users worldwide. Among its customers are: 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, Community Care, Inc, Davis Beverage Group, Stoneway Concrete, ClearTrack Information Network, Inc, Arrow Gear Company and many other.
Centage Corporation Market Opportunities, M&A and Geo Expansions
In June 2020, Centage stated the availability of its Scenario Planning Service package to help small and mid-sized businesses (SMB) gain the confidence and clarity they need in their financial decisions to help them navigate during times of change and uncertainty. Scenario and what-if planning are critical exercises that allow finance teams and business managers to assess the impact of a wide variety of internal and external variables on their financial forecasts and put a plan in place to respond to all potential outcomes.
Centage has designed this rapid implementation package to turn valuable scenarios for organizations within two to three business days. As part of the Scenario Planning Service package, all participating organizations will receive two forecast scenarios with detailed financial statements, including P&L, 2019 actuals versus each forecast scenario, balance sheet forecasts for each scenario and cash flow forecast for each scenario.
Centage Corporation it has raised a Series C funding round of $8.5 million. The funding was led by TVC Capital with participation from institutional investors and investors from prior funding rounds. Centage has experienced significant growth in the last several years, including a record year of revenue growth in 2018. The success is due to sales of Centage's Cloud SaaS offering, which provides business leaders with advanced planning, forecasting, and budgeting solution that includes sophisticated analytics tools and built-in business and financial logic. The cloud-based solution alleviates the need for IT-overhead and infrastructure while offering financial planning tools typically only available to the largest enterprises.
In August 2015, Centage announced an enhanced version of its cloud-based Budget Maestro budgeting, planning, forecasting, and analytics suite of products.
In October 2014, Centage acquired BI-Metrix, Inc, makers of BI-Analyzer, the business analytics tool that powers Analytics Maestro. Through this acquisition, Centage augments its business intelligence capabilities and expertise, while adding engineering resources to better serve the needs of its customers. With this acquisition, new and existing customers now have an opportunity to consider adding stand-alone business intelligence and financial analytics metrics to their existing ERP and general ledger platforms.
Centage Corporation Risks and Challenges
In February 2020, Centage Corporation promoted Nate Burnes into the newly created role of Vice President of Customer Success, reporting directly to the CEO of Centage. In his new role, Burnes will oversee Centage’s Consulting, Customer Success, Customer Advocacy, Enablement and Support teams to ensure the best possible experience for all Centage customers, keeping a pulse on customer needs and identifying areas to help customers receive increased value from their relationship with Centage.
In October 2019, Scott Jennings joined the executive team od Centage Corporation as Senior Vice President of Sales. Centage is on pace to complete its fourth straight year of double-digit revenue growth fueled by strong adoption of its cloud-based intelligent planning and analytics platform. Mr. Jennings will be responsible for further accelerating Centage’s go-to-market growth in 2020 andbeyond.
In September 2018, John Murdock was promoted to president and CEO of the company after the sudden passing in November 2017 of former CEO Barry Clapp. John served as the chief revenue officer at Centage for the past three years, spearheading all sales and marketing efforts and has been a driving force behind the company's growth and transformation to a leading cloud-based solution provider.
Centage Corporation Ecosystem, Partners, Resellers and SI
In July 2017, Centage Corporation made a partnership with Tribridge to help address the rapidly growing demand for cloud-based financial management systems. Tribridge offer Centage Corporation's cloud-based Budget Maestro application to their roster of over 4,000 customers across the United States.
Centage Corporation has a partnership with solution providers such as: ACI Consulting, ArcherPoint, BAASS, Blytheco, RSM, SWK Technologies, and TMC. Centage Corporation also has a partnership with technology companies such as: Sage, Abila, Oracle, Emphasys Software, Microsoft, SYSPRO and TARGIT.
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).
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