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Month: January 2022

Censof Inks MOU with Universiti Sains Malaysia

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Pulau Pinang, 12 January 2022 – Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, today announced that its wholly-owned subsidiary Century Software (Malaysia) Sdn Bhd (“CSM”) has entered into a Memorandum of Understanding (“MoU”) with Universiti Sains Malaysia (“USM”) to promote, develop and establish internship training programme pertaining to accounting and information technology.

The objective of the programme is to provide a university-industry collaboration between CSM and USM. Both parties will additionally look at other training and academic linkages and cooperation that will be mutually identified and agreed upon. This MoU is signed for a period of three (3) years.

This university-industry collaboration is one of the deliverables under the contract that was awarded to CSM by USM in which CSM will provide its financial management solutions to USM, which includes the Government Resources Planning solutions. The said solutions will essentially facilitate seamless accounting processes to USM.

CSM is a technology company that offers state of the art financial management and business solutions to the government and commercial sectors in Asia-Pacific region. It also provides other customisable solutions in the areas of education, wealth management, enterprise analytics, application development and training solutions.

“We are excited to be part of the prestigious Universiti Sains Malaysia’s journey to equip its graduates when they enter the workforce in the digital era. The internship programme is a university-industry collaboration that enables CSM to empower USM students to be part of the growing digital economy in Malaysia,” said Ameer bin Shaik Mydin, director of Century Software (M) Sdn Bhd.

He added, “The signing of the MoU today to provide internship programmes to USM graduates is one of the deliverables under the MoU that was awarded to Century Software by USM earlier this month. In addition to developing on-the-site internship programme, our financial management solutions will also be offered to USM to ensure seamless accounting processes in place. Century Software constantly works on expanding its business offerings and develops new technology driven business solutions that cater to the rapidly changing digital economy. This university-industry initiative will help the country become a regional leader in the digital economy as we play our part in the country’s human capital development by building agile and competent digital skilled workforce.”

Meanwhile, YBhg. Profesor Dato’ Dr. Faisal Rafiq Bin Mahamd Adikan, USM Vice-Chancellor said, “USM truly appreciates the strategic partnership forged with Century Software in providing its financial management solutions to USM, which I believe will not only tremendously improve the access of real time data, but also in meeting the present and future business and technology needs. We are equally grateful for the internship training opportunity granted to our students from the School of Computer Sciences and School of Management.

“In terms of global employability index, we are thankful that we (USM) are currently the highest in Malaysia. Apart from producing aspiring leaders, we always emphasise on developing students with strong digital literacy and subject specialisation skills and knowledge. I also look forward for these students to fare excellently well and be able to secure full-time, permanent employment at Century Software upon the completion of their internship,” he added.