NATICK, MA--(Marketwired - March 28, 2017) - According to the second annual CFO Survey, sponsored by Centage Corporation, a leading provider of cloud-based budgeting and forecasting software (Budget Maestro®) for small and medium-sized businesses, 88% of CFOs and financial professionals surveyed value financial reporting as either high or critical among the needs of a robust budgeting and forecasting solution. Of those respondents, 85% noted cash flow budgeting as the most desired reporting feature. Given the complexities of reporting and cash flow forecasting in spreadsheets, the ability to create and automatically adjust these reports with up-to-date, relevant and accurate data is paramount to company success.
See our graphic highlighting the survey results
Dynamic market conditions require more from today's CFOs. Without on-demand access to accurate insight, financial professionals are at a disadvantage. Innovative and comprehensive technology solutions are critical to achieving this level of insight, which helps position financial professionals as valuable, strategic members of the executive team. In fact, respondents ranked technology as the number one opportunity to help the finance team operate more efficiently and cost effectively. Of note, 10% more respondents plan to implement a cloud-based accounting/budgeting solution within the next year as compared to survey responses from last year.
Survey Highlights:
"We are committed to addressing the real challenges faced by today's financial professionals. Our annual CFO survey ensures we keep a pulse on their evolving needs," said Barry Clapp, president and chief executive officer of Centage Corporation. "Armed with this information, we are better positioned to effectively enhance and develop our budgeting and planning solutions to align with the dynamic needs of our customers."
To download the full report, click here.
To learn more about how Budget Maestro can deliver financial insight for your organization, follow us on Twitter @Centage or visit the Centage Blog.
About Centage
Budget Maestro® by Centage is an easy-to-use, scalable, automated budgeting 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 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 cash flow reporting that generates automatically and updates seamlessly. 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.
Centage and Budget Maestro are registered trademarks of Centage.
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