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.”