SerenaGroup Taps Centage’s Budget Maestro to Drive Global Healthcare Management Growth

Learn more about SerenaGroup’s success with Smart Budgets HERE

With nearly 30 individual locations and demand growing for more Centers of Excellence, SerenaGroup realized that the financial teams lacked the time and resources to allocate overhead expenses and personnel costs to each facility and analyze results effectively. This caused Controller Joe Paratore to start an industry-wide search for a solution that would streamline current processes and give real-time data for strategic forecasting and planning.

When Paratore found Centage, the search was over. “Budget Maestro has eliminated the ‘month long’ budget season we approached with trepidation each year. Now within only one week, we can deliver a comprehensive budget with confidence to key stakeholders,” he said.

This time savings is possible through Budget Maestro, the purpose-built budgeting and planning solution from Centage Corporation. With built-in accounting rules and business logic, Budget Maestro eliminates the time-consuming tedium of spreadsheet-based budgeting and the easy-to-use interface enables greater collaboration and real-time insights necessary to drive growth for any business.

Paratore further remarked “By leveraging a Smart Budgets approach to our financial management, we can better allocate our valuable time and resources to uncovering new business opportunities to serve more patients around the country.” 

Today, the team produces both the individual P&Ls and consolidated monthly report with the touch of a button, saving 24 workdays a year and eliminating the need to add resources. With Budget Maestro, Paratore can also easily produce cost center distribution results, drill down into payroll expenditure details and run “what-if” scenarios to explore new business opportunities, analyze expenses and execute thoughtful decisions to expand the business and serve more of those in need. Smart Budgets gives Paratore and his team the financial intelligence needed to make faster, more confident decisions and keep the business on track for long term success. 

Learn more about Smart Budgets.

Budget Maestro can deliver financial insight for your organization, follow us on Twitter @Centage or visit the Centage Blog.

About Centage
Centage Corporation develops automated, budgeting, and planning software solutions for mid-market organizations. Its flagship product, Budget Maestro® is an easy-to-use, scalable, cloud-based budgeting and forecasting solution that eliminates the time-consuming and error-prone activities associated with using spreadsheets. Designed to support a comprehensive Smart Budgets approach to corporate planning, Budget Maestro offers built-in financial and business logic which allows users to create and update budgets and forecasts quickly and accurately. It is the only solution that offers synchronized P&L, balance sheet and automatically generated cash flow reporting. 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.

SOURCE Centage Corporation

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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