Working with Planning Maestro - Centage
Use Cases and Deployment Scope
We use Centage's Planning Maestro for Annual Budgeting and Reforecasting purposes. It's really good as all the inputs entered by all the budget holders get consolidated in our income statement in real time. We can manage access to specific accounts, cost centers and project codes to each budget holder, which makes the process more efficient and minimizes errors. We also use they allocations methods, which are very useful in our case. There is also the possibility of managing different versions of Budgets and reforecasts.
Pros
- Security setting at the level of the user
- Expense allocation methods
- Reporting of Income statement and others
- Easy definition of parameters such as accounts, cost centers and project cods
Cons
- We would need the actuals to be brought from our accounting system GP by project code. This is missing at the moment and we are a project driven organization.
Return on Investment
- It's hard to calculate a ROI figure in this case, but I would say that the investment has been beneficial streamlining our budgeting process. We still have potential in developing much more in terms of dashboards and reports
Other Software Used
SAP Concur





