Red Wing Software
Red Wing Software, Inc., founded in 1979 in Red Wing, Minnesota, develops the CenterPoint suite of accounting, payroll, and fund accounting software for U.S. small-to-mid-sized businesses, agricultural operations, nonprofit organizations, and municipalities, sold as subscriptions with U.S.-based support.
- Company typePrivate
- Founded1979
- HeadquartersRed Wing, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Red Wing Software does
Red Wing Software, Inc. is a privately held U.S. software vendor founded in 1979 and headquartered in Red Wing, Minnesota. The company develops, sells, and supports the CenterPoint suite of accounting, payroll, and fund accounting software, targeting small-to-mid-sized businesses, agricultural operations, nonprofit organizations, and small/medium municipalities. Office presence is also indicated in Colorado and Illinois. Customer support is delivered by U.S.-based technicians with an average of 14 years of tenure, sold as an unlimited-access benefit under annual Customer Care Memberships.
The CenterPoint platform is built on Microsoft Visual C# and the.NET Framework with a Microsoft SQL Server backend and is offered either as a locally installed application or as a cloud subscription with identical functionality. The product line is organized into five core products — CenterPoint Accounting, CenterPoint Accounting for Agriculture, CenterPoint Fund Accounting, CenterPoint Fund Accounting for Municipals, and CenterPoint Payroll — plus supporting modules (Depreciation, Red Wing Tax Forms, Cloud Services, Employee Portal, Online Time Clock, Publish Pay Advices, Customer Payments Portal via Fiserv, Direct Deposit Services via NatPay). Vertical specialization is the company's primary differentiator: CenterPoint Accounting for Agriculture embeds Schedule F support, 33 farm financial ratios from the Ferguson Group/Farm Financial Standards Council, multiple-quantity commodity inventory, and H-2A compliance; Fund Accounting supports unlimited funds, grants, donor and budget-vs.-actual reporting; Municipal Fund Accounting addresses GASB-compliant reporting and utility billing workflows. An HTTP-based REST API was introduced in CenterPoint 17 to enable limited A/R data access for third parties, alongside a CSV-based Data Importer.
Revenue is generated through a recurring-dominant mix: software licenses (sold as local install or cloud subscription), monthly Cloud Services subscriptions scaled by user count, and annual Customer Care Memberships that bundle support, software updates, and tax table updates. One-time revenue comes from optional add-on module purchases and implementation/training services, the latter also available via paid Gold-tier support plans. Distribution is multi-channel: direct sales (toll-free 800 number, sales email, online demo scheduling), free one-hour live demonstrations, paid digital marketing, a Product Reseller channel, and Product Integration Partnerships with ECI JobBOSS, John Deere (MyJohnDeere), GeoAg Solutions (HarvestPay), Harvust, ProPak (Time Portal), Diversified Billing, and Vertical Software (GrainTrac). The company is privately held with no disclosed funding rounds, parent company, or subsidiaries. The AI footprint is limited today to an in-application help assistant branded Vern-AI Help.
Red Wing Software firmographics
Firmographics- Name
- Red Wing Software
- Legal name
- Red Wing Software, Inc.
- Website
- https://redwingsoftware.com
- Company type
- Private
- Founded year
- 1979
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Red Wing Software, Inc., founded in 1979 in Red Wing, Minnesota, develops the CenterPoint suite of accounting, payroll, and fund accounting software for U.S. small-to-mid-sized businesses, agricultural operations, nonprofit organizations, and municipalities, sold as subscriptions with U.S.-based support.
- Ownership category
- akta.pro rank
Red Wing Software industry classification
Industry- Product category
- Accounting and Payroll Software
- NAICS
- Software Publishers (513210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)
- akta.pro primary industry
- Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)
- akta.pro secondary industries
- Software/Application Support (SaaS, Enterprise Apps) (BPAAACAC), Virtual Desktop & Application Delivery (VDI/DaaS, Remote Apps) (BPAEAIAC), Software/SaaS Subscriptions (Consumer & Prosumer) (CRAFAIAB)
Keywords
Where Red Wing Software is headquartered
LocationHeadquarters
- HQ city
- Red Wing
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Red Wing Software business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Software Licenses: CenterPoint Accounting, Payroll, and related products sold as software licenses. Can be purchased as locally installed or cloud-based subscription.
- Customer Care Memberships: Annual support plans providing unlimited phone and email support, software updates, tax table updates, and product enhancements. Required for receiving tax updates.
- Cloud Services: Monthly subscription fees for cloud deployment of CenterPoint products. Price depends on number of users and other variables.
- Training Services: Full Product Training, Single Subject Training, Implementation Services, and On Demand Training Videos available for purchase or included with Gold Customer Care Membership.
- Optional Add-on Modules: Additional modules available for purchase including Inventory Module, Sales Order Module, Purchase Order Module, Advanced AR, Permits Module, Employee Certification Tracking, OSHA Module.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Cloud Services subscription pricing varies by user count |
| Subscription | Annual | Customer Care Memberships for ongoing support and updates |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
Red Wing Software product offering
Product offeringCore offering
Red Wing Software develops, sells, and supports the CenterPoint suite of accounting and payroll software for small to mid-sized businesses, farms, nonprofit organizations, and municipalities. The core platform is offered either as a locally installed application or as a cloud-hosted subscription, with optional add-on modules for depreciation, tax forms, time tracking, employee self-service, payment processing, and direct deposit. Annual Customer Care Memberships provide unlimited U.S.-based phone/email support, tax table updates, and software upgrades.
Product overview
Red Wing Software offers the CenterPoint software suite, a platform-plus-modules architecture for accounting and payroll management. The core products include CenterPoint Accounting (general business), CenterPoint Accounting for Agriculture (farm-specific), CenterPoint Fund Accounting (nonprofit), and CenterPoint Fund Accounting for Municipals (government). CenterPoint Payroll handles payroll processing with full tax filing capabilities. Add-on modules include CenterPoint Depreciation for fixed asset management, Red Wing Tax Forms as a standalone tax filing solution, Cloud Services for cloud deployment, Employee Portal for employee self-service, Online Time Clock for time tracking, Publish Pay Advices for online pay stubs, Customer Payments Portal powered by Fiserv for payment processing, and Direct Deposit Services powered by NatPay. Integration options include JobBOSS², JobBOSS, MyJohnDeere Platform, HarvestPay, Harvust, Time Portal, Diversified Utility Billing, and GrainTrac. All products can be deployed locally or via cloud.
Differentiator
Problem solved
Functional benefit
Brands
- CenterPoint Accounting: Financial accounting software with strong customization capability and reporting options, available as locally installed or cloud-based solution.
- CenterPoint Accounting for Agriculture
- CenterPoint Fund Accounting
- CenterPoint Fund Accounting for Municipals
- CenterPoint Payroll
- CenterPoint Depreciation
- Red Wing Tax Forms
- CenterPoint Time Clock
- Employee Portal
Products and services
- CenterPoint Accounting General business financial accounting software offering general ledger, accounts payable/receivable, inventory, sales orders, purchase orders, multi-company management with consolidation, customizable reports with drill-down, menu-level security with audit trail, and unlimited data capacity. Available as locally installed or cloud-based with identical functionality.
- CenterPoint Accounting for Agriculture Farm-specific accounting software for agricultural operations, providing production analysis, Schedule F tax reporting, multiple-quantity inventory tracking for commodities, powerful budgeting tools tailored for farms, and integration with John Deere MyJohnDeere field boundaries for production analysis maps.
- CenterPoint Fund Accounting Nonprofit fund accounting software providing tracking of unlimited funds and grants, budget vs. actual variance reporting, departmental reporting, and custom reporting tailored for nonprofit organizations, their boards, and donors.
- CenterPoint Fund Accounting for Municipals Municipal fund accounting software for small to medium-sized cities and government entities, providing fund accounting, budgeting, and GASB-compliant reporting, with integration to Diversified Utility Billing for utility billing workflows.
Quantifiable outcome
- 40% faster payroll processing with CenterPoint Time Clock
- +2 more outcomes
Companies that use Red Wing Software
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles5 records
Red Wing Software technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability3 records
Feature5 records
Red Wing Software partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- NatPaycoreNatPay direct deposit services option for CenterPoint Payroll. NatPay has over 30 years of experience in payments. Partnership streamlines payroll processing with secure ACH and direct deposits. Alternative to bank direct deposit processing.
- FiservcorePartnership with Fiserv for integrated payment processing. Customers enjoy single-source solution, easy reconciliation, real-time reporting, next-day funding, and competitive rates. Includes Customer Payments Portal for CenterPoint Accounting with no additional charge for merchants with Fiserv accounts.
- Product Reseller PartnerscoreProduct Resellers sell Red Wing Software products and provide setup, training, and support services. Customer Care Memberships provide direct access to Red Wing Software support team and include new version releases, tax table changes, and technology upgrades. Options to share in annual Customer Care Memberships fees.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Red Wing Software competitors and assessment
Company assessmentDirect peers
- Caselle: Caselle provides municipal government accounting, payroll, and utility billing software to small/medium cities, directly comparable to CenterPoint Fund Accounting for Municipals in the same municipal vertical.
- FBS (Farm Business Software): FBS Systems provides farm-specific accounting and payroll software (including crop and livestock modules), directly comparable to CenterPoint Accounting for Agriculture as a vertical agriculture accounting competitor.
- EasyFarm: EasyFarm offers farm accounting software with crop/livestock tracking and Schedule F support, directly competing with Red Wing's CenterPoint Accounting for Agriculture in the same SMB ag niche.
- MIP Fund Accounting (Community Brands): MIP Fund Accounting is a long-standing nonprofit and government fund accounting platform, directly comparable to Red Wing's CenterPoint Fund Accounting for both nonprofit and municipal customers.
- BS&A Software: BS&A Software offers fund accounting, payroll, and utility billing for municipalities and schools, directly competing with Red Wing's municipal offering among small-to-medium US cities.
Broad incumbents
- Intuit QuickBooks: Intuit QuickBooks is the dominant US SMB accounting/payroll platform. It competes broadly with CenterPoint for SMB accounting and payroll buyers, though it lacks Red Wing's depth in agriculture, nonprofit fund accounting, and municipal GASB reporting.
- Sage: Sage 50, Sage 100, and Sage Intacct serve SMB and mid-market accounting/payroll needs with broader product breadth and global reach than Red Wing, directly overlapping with CenterPoint Accounting and Fund Accounting customers.
- Xero: Xero is a leading cloud-native SMB accounting platform with strong mobile UX and ecosystem. It competes for the same SMB cloud-accounting buyer as CenterPoint Cloud, though with much broader international presence.
- Acumatica: Acumatica offers cloud ERP including financials and payroll for SMB/mid-market, with strong customization. It is comparable to Red Wing's on-prem/optional-cloud ERP-style accounting and payroll offering for growing businesses.
- Paychex: Paychex is a leading US SMB payroll and HR services provider; it competes with CenterPoint Payroll for in-house payroll buyers that could outsource to a managed payroll/HR service instead.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Red Wing Software social profiles
Digital presenceRed Wing Software compliance and trust
Trust signalCompliance3 records
Red Wing Software financial estimates
Financial estimateRevenue estimate
Valuation estimate
Red Wing Software leadership team
Management profileNumber of profiles
Profiles1 record
Red Wing Software funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Red Wing Software M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Red Wing Software
What does Red Wing Software do?
Red Wing Software develops, sells, and supports the CenterPoint suite of accounting and payroll software for small to mid-sized businesses, farms, nonprofit organizations, and municipalities. The core platform is offered either as a locally installed application or as a cloud-hosted subscription, with optional add-on modules for depreciation, tax forms, time tracking, employee self-service, payment processing, and direct deposit. Annual Customer Care Memberships provide unlimited U.S.-based phone/email support, tax table updates, and software upgrades.
Is Red Wing Software a public or private company?
Red Wing Software is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Red Wing Software founded?
Red Wing Software was founded in 1979. It employs 11 to 50 people.
Where is Red Wing Software based?
Red Wing Software is headquartered in Red Wing, United States, in the North America region.
How does Red Wing Software make money?
Five revenue lines are on record. Software Licenses are the primary driver. The others are customer Care Memberships, cloud Services, training Services and optional Add-on Modules.
Who are Red Wing Software's main competitors?
Direct peers on record are Caselle, FBS (Farm Business Software), EasyFarm, MIP Fund Accounting (Community Brands) and BS&A Software. Broad incumbents are Intuit QuickBooks, Sage, Xero, Acumatica and Paychex.
Does Red Wing Software have an API?
Yes. CenterPoint offers a REST API (introduced in CenterPoint 17) that runs locally on the PC where CenterPoint is installed. It is HTTP-based using JSON format and provides access to A/R data and actions including retrieving customers and salespersons, and adding customer invoices and receipts. The REST API can expand to include other areas of CenterPoint Accounting and Payroll in the future. Additionally, the CenterPoint Data Browser allows third parties to access report data via a command-line driven interface with output in CSV, TSV, or XML formats. The CenterPoint Data Importer provides ability to import wide range of data from CSV files with command line automation capability. Developer documentation is at www.redwingsoftware.com/home/developer-portal.
What industry is Red Wing Software in?
Red Wing Software's product category is Accounting and Payroll Software. Its primary akta.pro industry code is HDAEAEAA, Core ERP Suites (Financials, Procurement, Projects), with a secondary code of BPAAACAC, Software/Application Support (SaaS, Enterprise Apps). Its NAICS code is 513210 and its SIC code is 7372.