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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.

Petaling Jaya, 10 July 2023 – Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, has accepted the Letter of Acceptance from the Suruhanjaya Syarikat Malaysia (“SSM”) in relation to the financial management system project (“the Project”) through its wholly owned subsidiary, Century Software (Malaysia) Sdn Bhd (“CSM”), today.

The Project, valued at RM13.4 million involves the development, supply, implementation, warranty, support, maintenance and licenses of the financial management system by CSM to SSM. The tenure of the Project is for a period of six (6) years, commencing from 19 July 2023 until 18 July 2029.

“We are honoured that the SSM, being the statutory body vested with the authority to regulate and oversee Malaysia’s corporate and business affairs, has selected Censof to provide end-to-end processes pertaining to its financial management system for its organization. This Project is undeniably a testament of our proven track record as a financial management system provider and it is expected to provide the Group’s earnings visibility for the next 6 years from the financial year ending 31 March 2024 onward. With this, I would like to express my gratitude to SSM for their confidence and trust in Censof to execute the Project,” said Ameer Shaik Mydin, group managing director of Censof.

He further added, “Leveraging on our experience and expertise of over two decades, we are able to customise our solutions catering to the needs of our customers. We will continue to develop innovative financial management solutions for our customers and secure more contracts in the near future to further strengthen Censof’s position as the leading provider of financial management software solutions.”

KUALA LUMPUR (April 18): Financial management software solution provider Censof Holdings Bhd has secured a RM5.97 million project to develop a unit trust management system for Pelaburan Hartanah Bhd (PHB).

This follows the acceptance of a letter of intent that Censof had received from PHB eight months ago.

In a bourse filing on Tuesday (April 18), Censof said its wholly owned subsidiary Century Software (M) Sdn Bhd (CSM) had on Tuesday accepted the letter of award (LOA) from PHB as application vendor for the project. PHB is the real estate investment holding arm of Yayasan Amanah Hartanah Bumiputera.

It added that the whole project will be completed within 12 months from the commencement date, which will be determined and agreed between PHB and CSM in writing. “The LOA is not expected to have any material effect on the earnings per share of the company for the financial year ending March 31, 2024,” said Censof.

Censof shares closed unchanged at 25 sen on Tuesday, giving it a market capitalisation of RM138.07 million.

Kuala Lumpur, 30 September 2022 – Censof Holdings Berhad’s (“Censof” or the “Group”) subsidiary, Netsense Business Solutions Sdn Bhd (“Netsense”), showcased Acumatica’s cloud-based Enterprise Resource Planning (“ERP”) solutions for the manufacturing and construction industries at the Smart Nation Expo 2022 that was held in the Malaysia International Trade and Exhibition Centre, Kuala Lumpur, from 27-29 September 2022.

As a gold certified partner of Acumatica, Netsense will provide ‘Acumatica Manufacturing’ and ‘Acumatica for Construction’ software solutions to automate manual processes, improve data visibility, boost operational efficiency, and allow users to access the solutions anywhere through its cloud access server.

Speaking on how smarter small and medium-sized enterprises (“SMEs”) can make smarter nations, Netsense chief executive officer Abdul Rehman said, “Our partnership with Acumatica allows us to further accelerate the digital transformation of the nation by leveraging on their modern cloud-based ERP software to not only help our customers automate the traditional laborious processes, but also enhance operational efficiency as human errors would be minimised. This also allows companies to access their own data from anywhere in the world as long as they have internet connection.”

“Today, with the accessibility and availability of smart technology software and devices, SMEs have a plethora of tools to equip themselves with to increase efficiency and productivity within the organisation. As technology continues to advance, we are certain that the SMEs will continue to grow alongside as new and innovative technology will only bring more benefits to the industry,” he added.

Since its establishment in 2013, Netsense offers a wide array of business solutions ranging from the Acumatica cloud-based ERP software to a multitude of accounting, customer relationship management, human resource, payroll, project management, business intelligence, customised dashboards, mobile apps and ecommerce solutions.

To date, Netsense has assisted over 100 companies to complete the digital transformation of their businesses through its comprehensive solutions and vast experiences in the technological software industry. Some of its current notable clients that have adopted Acumatica’s solutions include EdgePoint, Secret Recipe, MPH Bookstore, NGC Energy, Precision Control, Enrico’s Raviraj, Kajima, and LTI Engineering.

Kuala Lumpur, 15 June 2022 – Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, today announced that it has acquired 41,680 treasury shares in Asian Business Software Solutions Pte Ltd (“ABSS”) for SG$1.28 million (equivalent to approximately RM4.09 million). The 41,680 treasury shares represent a 7.93% equity interest in ABSS, increasing Censof’s equity interest in ABSS to 97.00% from 89.07% currently, upon completion of the acquisition.

The acquisition is expected to improve Censof’s earnings with its higher equity interest in ABSS. It will also enhance the Group’s long-term growth potential as well as strengthening its position as a market leader to provide the full spectrum of the financial management solutions across all levels of market segment.

“This additional investment in ABSS is yet another one of our strategic decisions to enhance our financial performance in the near future. As we have always said, Censof is not only offering financial management solutions to the government sector, it is also aggressively expanding into the commercial and SME segment. ABSS is an excellent platform for us to grow. Back in 2015, we have acknowledged ABSS’ potential, with its strong presence in Southeast Asia and that was when we decided to acquire a 51% equity interest. Since then, we have increased our stake to 89.07% as of April last year. Over the last 6 years, we have seen exponential growth in ABSS. To date, ABSS has declared a total dividend of SG$6.3 million or approximately RM20.0 million since the acquisition in 2015. On average, ABSS serves more than 300,000 SME clients across Malaysia, Singapore and Hong Kong, where ABSS is currently the market leader in Hong Kong and Singapore,” said Ameer Shaik Mydin, group managing director of Censof.

He further added that good prospects for the financial management solutions offered by ABSS are looming, as demand is anticipated to increase given its track records. ABSS has achieved an impressive revenue growth at a compound annual growth rate of 18.46% from year 2016 to 2022. Opportunities are endless as the Group is also tapping into the micro small and medium enterprises (“SME”), leveraging on the Financio software. The customer base for the Financio software is expected to double up within the next 2 years, barring any unforeseen circumstances. Financio, a product of ABSS, is a user-friendly cloud accounting software developed in English, Bahasa and Chinese that automates and simplifies accounting tasks, designed for small businesses. Being cloud-based, the software can be easily accessible from anywhere with very competitive pricing.

“We are glad our strategy is falling into place as planned, and as a result our earnings from our commercial and SME segment has expanded by over 50% from FY2021 to FY2022. This synergistic acquisition is deemed to unlock the opportunities for us to progress further to tap into the other various SMEs, which include the start-ups, micro and small businesses. There is no doubt that we are putting our full effort to achieve digital transformation, in line with the government’s National Economic Recovery Plan to encourage more SMEs to start their digital transformation journey. Moving forward, Censof will continue to focus on growing its core businesses, as well as exploring inorganic opportunities such as penetrating into the area of digital technology via merger and acquisition exercises that could ultimately boost the Group’s financial performances,” he added.

Commenting on the acquisition, chief executive officer Rhys Brown said, “We are excited to have additional investment from Censof, following another strong financial year. While others in our industry struggle with balancing profitability and expansion, ABSS has managed both extremely well. The opportunity we have is huge, with over 300,000 SME customers. Moreover, our transition from established on-premise products to fully cloud-enabled solutions, like Financio, provides a great platform for rapid growth. Our recent strategic partnerships with RHB, DBS & Maybank combined with an ever-expanding partner network of accountants and bookkeepers will support significant customer migration and growth – we are just getting started.”

ABSS is a developer and leading supplier of ABSS-branded financial management and accounting software that supports the Asian small and medium enterprises and cloud-based accounting product, namely Financio that caters for start-ups and entry level SMEs.