Centage Corporation - Fastest Growing Tech Company of the Year
Company: Centage Corporation, Natick, MA
Entry Submitted By: Attune Communications
Company Description: Offered on premise or in the cloud, Budget Maestro® by Centage is an easy-to-use, scalable, automated budgeting and forecasting application, designed for small to mid-market companies. Featuring built-in accounting rules and business logic, Budget Maestro automates many of the time-consuming and error-prone activities associated with using spreadsheets to generate accurate budgets and forecasts.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Fastest Growing Tech Company of the Year - Up to 100 Employees
Nomination Title: Centage Corporation Expericences Blockbuster Growth
Tell the story about the growth of this nominated organization since January 1, 2016 (up to 650 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Begin this section with the following two lines: Year over year revenue growth (%): Year over year employee growth (%): TEXT REDACTED FOR PUBLICATION
The dawn of the digital transformation is upon us and yet many financial teams at small to mid-size organizations continue to find themselves limited by an inflexible, time consuming spreadsheet-based approach to budgeting and forecasting. Centage Corporation is working hard to empower those individuals by offering unique strategic and cloud-based budgeting and forecasting solutions to support digital transformation efforts at organizations of all sizes, across many industries.
Trusted by 9,000 users worldwide, Centage’s Budget Maestro is quickly becoming the de facto tool to ensure today’s financial professionals are empowered with the insight needed to fuel strategic business decisions. Centage has experienced significant growth over the past year, in large part due to demand for its cloud-based version of Budget Maestro, which grew 200% year-over-year. Today, Centage counts more than 800 organizations –across many industries around the world – on their customer roster, a double-digit increase from the previous year.
Enjoying a third consecutive year of double-digit revenue growth in 2016, the company also increased headcount by 40 percent and completed its office relocation to a larger space to accommodate this increase. Named to the prestigious Inc. 5000, an annual list of America’s fastest-growing private companies, Centage kicked off 2016 by completing its Series A funding for $13.5 million from TVC Capital and Northgate Capital. The infusion of cash is helping to support continued the expansion of the Budget Maestro solution.
2016 was punctuated by industry accolades including two American Business Awards; 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. In addition, Centage was awarded a Gold Golden Bridge award for “Company of the Year” and was recognized as a Core Vendor in the 2016 BPM Pulse Report for the third consecutive year.
With powerful built-in accounting rules and business logic, Budget Maestro offers users a sophisticated but easy-to-use budgeting and forecasting solution—either on premise or in the cloud—designed to empower financial professionals with productivity, confidence, and greater insight into financial operations.
As the company continues on a growth trajectory in 2017, Centage deserves to be recognized for its ongoing investment in the Budget Maestro set of solutions to help financial professionals grapple with the demands of the digital transformation and requirements for success.
In bullet-list form, briefly summarize up to ten (10) growth-related achievements of the nominated organization since January 1, 2016 (up to 150 words).
• Increased sales for Budget Maestro Cloud Edition by 200% year over year
• Increased customer roster by double-digits year over year
• Third consecutive year of double digit revenue growth
• Increased headcount by 40%; relocated to larger office space
• Named to prestigious Inc 5000
• Completed Series A funding for $13.5m
• Won 2 American Business Awards for Company of the Year and New Product of the Year
• Won Golden Bridge Award for Company of the Year
• Named a Core Vendor in 2016 BPM Pulse Report for third consecutive year