General

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.

Petaling Jaya, 11 December 2023 – Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, has accepted a letter of acceptance from Road Transport Department Malaysia (“JPJ”) through its subsidiary, Century Software (Malaysia) Sdn. Bhd. worth RM9.5 million.

The project entails the back-end maintenance, verification and calibration services for 48 weighing instruments at JPJ’s enforcement stations for a tenure of 36 months, starting from 1 January 2024 to 31 December 2026.

These weighing instruments are utilised by JPJ to measure automobile loads particularly heavy vehicles to ensure compliance with the laws governing permitted weight limits gazetted by Ministry of Transport Malaysia.

“Traffic congestion has been increasing rapidly, especially since the easing of the Covid-19 related restrictions, partly due to overloaded heavy commercial vehicles entering the city centre during peak mornings and evening hours. These commercial vehicles with a laden weight exceeding 7,500 kg are generally prohibited from entering the city centre during peak hours. With this said, we are pleased to be awarded with the responsibility of configuring and maintaining the framework of JPJ’s weight instrument configurations to ensure that this ruling is abided by the operators and drivers transporting heavy goods. With today’s back-end digital technology capabilities, the evaluation and logging of vehicles during inspection will not only be streamlined but enhanced further for efficiency and accuracy. Censof is proud to be part of the safety enforcement of the roads here in Malaysia in light of the accidents and traffic congestions caused by heavy vehicles exceeding weight limits on the road,” said Ameer Shaik Mydin, group managing director of Censof.

Petaling Jaya, 27 September 2023 – Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, has accepted a letter of acceptance (“LOA”) from the Pertubuhan Keselamatan Sosial (“PERKESO”) through its subsidiary, Cognitive Consulting Sdn Bhd (“CCSB”).

The LOA, valued at RM0.87 million, involves the renewal of subscription, maintenance and support services for UiPath software and support services for systems at PERKESO that utilise the said software (the “Project”). The UiPath software uses the Robotic Process Automation (“RPA”) tool to synchronise data between various systems in PERKESO, ensuring that all information is consistent across multiple platforms. Additionally, the RPA dashboards provide real-time insights into the status of bots which essentially allows PERKESO to monitor operations concurrently and make timely decisions.

The tenure of the Project is for a period of three (3) years from 1 October 2023 until 30 September 2026.

“We are pleased to have been entrusted with this project to streamline PERKESO’s business processes. The UiPath software is undoubtedly a useful and functional solution to transform tedious and repetitive routine office tasks into automated processes. Leveraging on its functionalities, the software integrates key data from the various systems and therefore, eliminate the need for human intervention as well as significantly enhances the operational efficiency for PERKESO.

This award underscores our unwavering commitment to deliver excellence in technology solutions and marks a pivotal milestone in diversifying our revenue streams. We will continue to provide innovative solutions by evolving through the digital space and promoting digital transformation in Malaysia to achieve high productivity and high-value growth. In essence, this renewal contract with PERKESO will continue to solidify Censof’s digital technology business division by providing evolving sets of
technology solutions, such as the RPA, artificial intelligence or AI and machine learning to our clienteles,” said Ameer Shaik Mydin, group managing director of Censof.

CCSB is principally involved in the business of providing information technology consultancy and system integration services specialising in RPA that builds, deploys and manages software robots to emulate human actions interacting with digital system and software. Notable clienteles of CCSB include Telekom Malaysia, Accountant General’s Department of Malaysia, Malaysia Digital Economy Corporation (MDEC) and Bank Simpanan Nasional, to name a few.

Petaling Jaya, 19 July 2023 – Censof Holdings Berhad, a technology holdings company specialising in financial management software solutions, today announced that its joint venture partner, Cloocus Co Ltd (“Cloocus”) has won the Country of the Year 2023 Microsoft Partner of the Year Award for three consecutive years.

Cloocus, a leading Data and AI-based cloud experts group specialized in Microsoft was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.

“We are honored and thrilled to be named the Microsoft Country Partner of the Year for the 3rd consecutive year. This award recognizes the dedication and expertise of Cloocus.” said Steve Hong, the CEO of Cloocus.

“We are committed to empowering our clients, maximizing their business values, leveraging the remarkable capabilities of Microsoft Cloud. We will continue delivering innovative solutions based on Data and AI drive growth and success for our valued clients. This achievement reinforces our position as a trusted partner, showcasing our commitment to excellence in digital transformation.”

The Microsoft Partner of the Year Awards recognize Microsoft partners that have developed and delivered outstanding Microsoft-based applications, services, and devices during the past year. Awards were classified in various categories, with honorees chosen from a set of more than 4,200 submitted nominations from more than 106 countries worldwide. Cloocus was recognized for providing outstanding and services in Korea.

Cloocus has solidified its unique position as a Microsoft Cloud partner in the Korean Market by winning the Partner of the Year Award for 3rd consecutive year. It has been honored as the Top Partner for Data & AI at the 2023 Microsoft Korea Partner Awards. Additionally, Cloocus has achieved the prestigious “Elite” level, making it the first company in Korea to attain such status within the Databricks partner program.

Operating a dedicated AI Business Center, Cloocus provides comprehensive support to businesses aiming to leverage the exceptional capabilities of Microsoft Cloud to maximize their business value. It offers a wide range of Azure-based data analytics and AI solutions, including GPT/OpenAI, Databricks, Machine Learning, Synapse, and Power BI.

With a customer base of over 800 clients across various industries, Cloocus has successfully secured customers with major corporation such as SK, Hanwha, Samsung Engineering, Samsung C&T, and Hyundai Motors. Furthermore, it has established a strong presence within the gaming industry, boasting notable customers such as Krafton, PearlAbyss, and Netmarble.

Cloocus actively participates in the Microsoft Launcher program, which is designed for digital-native customers, including those in the gaming industry, through close collaboration with Microsoft.

As an indirect provider, Cloocus expands the partner ecosystem for Microsoft`s business and provides support to customers through ISV growth programs and other initiatives.

“We at Censof is delighted for Cloocus, truly well deserved. This award absolutely demonstrated Cloocus’ high-caliber expertise in delivering Microsoft technologies and solutions. We are absolutely proud to be collaborating with them as we revolutionize the Malaysian cloud market together,” said Ameer Shaik Mydin, group managing director of Censof.

“Congratulations to the winners of the 2023 Microsoft Partner of the Year Awards!” said Nicole Dezen, Chief Partner Officer, and Corporate Vice President of Global Partner Solutions at Microsoft. “The innovative new solutions and services that positively impact customers and enable digital transformation from this year`s winners demonstrate the best of what`s possible with the Microsoft Cloud.”

Microsoft Partner of the Year Awards are announced annually prior to the company`s global partner conference, Microsoft Inspire, which will take place on July 18-19 this year. Additional details on the 2023 awards are available on the Microsoft Partner Network blog: http://aka.ms/POTYA2023_announcement. The complete list of categories, winners and finalists can be found at https://partner.microsoft.com/en-US/inspire/awards/winners.