Month: November 2024

PETALING JAYA (28 Nov 2024):– The Muda Agricultural Development Authority (MADA) is set to enhance its financial management operations through the upgrade of the Standard Accounting System for Government Agencies (SAGA) to Version 8.0, now fully integrated with cloud-based technology. This development highlights MADA’s commitment to embracing innovative solutions that streamline operational efficiency and ensure full compliance with government standards.

The project will focus on the seamless integration of cloud capabilities, enabling secure, scalable and real-time financial data management. This transformation is designed to provide long-term benefits, including robust technical support and ongoing maintenance to ensure optimal system performance.

As part of the Government Resource Planning (GRP) initiative, this modernisation effort strengthens MADA’s financial governance and positions the organisation as a leader in the adoption of cutting-edge technologies within the public sector. By harnessing the power of the cloud, MADA is set to enhance transparency, improve resource management, and build a solid foundation for more effective decision-making and accountability.

PETALING JAYA (20 Nov 2024):–We are thrilled to share that Century Software has been awarded the contract for the “Supply, Installation, Implementation, Configuration, Testing, Training, Commissioning, and Support Services for the Migration of the Accounting Application System” by the Sabah Economic Development and Investment Authority (SEDIA).

The contract, valued at RM973,689.73, spans 9 months and will deliver a robust Standard Accounting System for Government Agencies. This latest success further solidifies Century Software’s reputation as a leader in supporting government digitalisation efforts, ensuring seamless and secure financial operations across the public sector.

We are excited to collaborate with SEDIA and look forward to a successful project outcome that sets the standard for future government technology initiatives.

PETALING JAYA (14 Nov 2024):–We are proud to announce that Century Software Sdn Bhd has been awarded the Tender for the Development of the Standard Accounting System for Government Agencies (SAGA) & Cloud Hosting by Lembaga Pelabuhan-Pelabuhan Sabah (LPPS). This award marks a significant milestone in our ongoing commitment to delivering cutting-edge digital solutions to enhance government operations across Malaysia.

As per the official decision from the Mesyuarat Lembaga Pengarah LPPS, held on 30th October 2024, our company has been selected to undertake this critical project, which is aimed at improving financial management efficiency within government agencies. The contract, with a total value of RM591,516.00, will span a period of 7 months, including comprehensive training to ensure the successful implementation and utilisation of the system.

This prestigious project underscores the trust and confidence that LPPS has placed in Century Software’s expertise in delivering advanced, secure and scalable cloud-based solutions. As part of the scope, our team will be responsible for the development of the SAGA system, which will streamline and enhance the accounting processes for government agencies, while ensuring robust data hosting solutions through our cutting-edge cloud infrastructure.

The partnership with LPPS highlights our ongoing mission to empower public sector institutions with the tools and technologies necessary to meet the demands of modern governance. We are excited about the opportunity to contribute to Malaysia’s digital transformation and to further establish our reputation as a leading provider of innovative software solutions in the public sector.

We look forward to working closely with LPPS and other stakeholders to ensure the successful delivery of this project and are confident that it will bring lasting value to government operations and the people they serve.

For more updates on this project and other initiatives, please continue to follow our journey here at Century Software Sdn Bhd.

PETALING JAYA (4 Nov 2024):–Censof Holdings Berhad (“Censof” or the “Group”), a leading technology holdings company specialising in financial management software solutions, announced that its subsidiary Century Software (Malaysia) Sdn. Bhd. has secured a letter of acceptance from TH Travel & Services Sdn. Bhd. (“THTS”) today (“the Project”).

The Project is structured into two main segments. The initial segment, valued at RM1.62 million, covers the provision, development, configuration, training, and various support services for an integrated accounting system for THTS. The second segment involves a 5-year maintenance period, with an annual fee of RM0.48 million, giving a total maintenance fee of RM2.42 million. The Project is scheduled to commence on 4 November 2024, with completion and delivery expected within 32 weeks.

The integrated accounting system is designed to seamlessly interface with THTS’s existing front-end systems, providing accurate product costing and real-time financial data to facilitate effective cost management. It will also streamline THTS’s billing processes, ensuring timely and accurate invoicing. To further enhance operational efficiency, the system will automate THTS’s manual procurement workflows using Tender Wizard; and implement robotic process automation (RPA) to manage repetitive tasks, such as bank reconciliation, accounts payable automation and billing. This automation is expected to increase productivity by reducing manual intervention and improve accuracy across financial operations.

We are thrilled to partner TH Travel & Services on this transformative journey,” said En. Ameer Shaik Mydin, Group Managing Director of Censof. “By integrating our robust accounting system and advanced automation, we aim to empower TH Travel & Services to streamline operations, enhancing both efficiency and workflow optimisation. This contract underscores our commitment to deliver customised, cutting-edge solutions that address our clients’ unique needs. It also reaffirms Censof’s page 2 of 2 leadership in digital transformation, strengthening the dedication to impactful, technology-driven advancements that elevate operational standards and foster long-term success.”

KUALA LUMPUR (26 Sept 2024):–Censof Holdings Bhd (KL:CENSOF) has secured a RM5.44 million contract from Pertubuhan Keselamatan Sosial (Perkeso) to provide maintenance services for an accounting system.

The contract involves maintaining the Standard Accounting System for Government Agencies (SAGA) — Century Financials version 8.4 — and migrating the SAGA server to Perkeso’s infrastructure.

The three-year contract will run from February 1, 2025, to January 31, 2028, with no option for extension or renewal, according to the financial management software solutions provider’s filing with Bursa Malaysia.

This latest win marks Censof’s second contract secured this year. Earlier in August, Censof secured a RM14.6 million contract from the Penang Development Corporation (PDC) for an information system.

For the first quarter ended June 30, 2024 (1QFY2025), Censof recorded a net profit of RM1.78 million, compared to a net loss of RM1.12 million in the corresponding quarter last year. Revenue increased 24.8% year-on-year to RM25.5 million from RM20.4 million, mainly due to strong growth across all segments.

Shares of Censof closed unchanged at 28.5 sen on Thursday, giving the company a market capitalisation of RM157.4 million.

KUALA LUMPUR (12 Aug 2024):– Censof Holdings Bhd (KL: CENSOF) said it has secured a contract for the provision of an information system worth RM14.6 million from the Penang Development Corporation (PDC)

The development phase of the enterprise-wide financial management information system, valued at RM7.34 million, will run for one year from September 1, Censof said in a filing
with the stock exchange on Monday.

This will be followed by the maintenance phase, which will continue for five years until Aug 31, 2031. The value of the maintenance phase is RM7.3 million.

Censof specialises in financial management software solutions, while PDC is the premier development agency of the Penang state government.

Censof reported a net profit of RM2.18 million for the fourth quarter ended March 31, 2024, a 41.3% drop from RM3.72 million a year earlier, as revenue declined 7.9% to RM31.22 million from RM33.9 million.

Shares in Censof closed unchanged at 32 sen on Monday, valuing the group at RM171.25 million. Year to date, the stock has risen by 37%

KUALA LUMPUR (01 Aug 2024):–Censof Holdings Bhd through its wholly owned subsidiary Century Software(Malaysia) Sdn Bhd (CSSB) signed a strategic partnership with the Netherlands based- Storecove.

This collaboration will enhance CSSB and another CHB subsidiary Netsense Business Solution Sdn Bhd (NBS) in e-invoicing capabilities for its customers.

CHB is a technology holdings company specialising in financial management software solutions, while CSSB is the country’s largest government resource planning and financial software provider. Storecove is Europe’s leading provider of e-invoicing solutions provider.

CHB selected Storecove for its e-invoicing rollout due to the latter’s adaptive solution and proven expertise and experience. Storecove also collaborated with another CHB subsidiary, CS Cloud Sdn Bhd (CCSB), a CHB system integrator.

Based on prior positive working experiences, both CHB and Storecove anticapate that this latest partnership will be mutually beneficial and pave the way for future collaborations. CHB Group Managing Director, Ameer Shaik Mydin said the partnership with Storecove has been successful and expressed confidence that this collaboration will ensure CHB’s software fully complies with the Inland Revenue Board (IRB) regulations.

“Together with CSSB, we will streamline invoicing for the public”, he said, Ameer said digitilisation is crucial for enhancing operational efficiency. Our extensive in financial management position us to deliver innovative solutions aligned with the evolving digital trends”, he added.