KUALA LUMPUR, Jan 7 (Bernama) -- Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, through its wholly-owned subsidiary, Century Software (Malaysia) Sdn Bhd (“Century Software”) has accepted the Letter of Award from the Ministry of Finance (“MOF”) to provide maintenance and support services for the Malaysian government’s budget management information system, MyResults.
 
The contract, which is valued at RM10.12 million is for the tenure of twenty-four (24) months from 1 January 2021 to 31 December 2022.

“We are honoured to be entrusted by MOF to be the provider of the maintenance and support services for MyResults on the Outcome-Based Budgeting for the government of Malaysia. This project was developed by Century Software for the MOF and was completed back in May 2019. Following the completion, we were awarded with the maintenance and support services in December (2019). Today, we are proud that we are once again being entrusted to provide the same services for another 2 years. We truly appreciate the confidence which MOF has placed in us as this fundamentally testifies our technical capabilities and deep expertise to deliver the end results. Being an innovative technology company, we will continue to enhance our solutions and systems in response to evolving technologies, going forward,” said Ameer Shaik Mydin, group managing director of Censof.

MyResults is an Outcome-Based Budgeting platform, of which high-level national strategies are linked to specific budget programmes and activities. This aims to improve the government's resource management endeavours while enhancing transparency and accountability. As this budget system is integrated across the various ministries, government officials are able to plan their budgets more effectively.

Moving ahead, Century Software continues to strive for excellence in their products offerings. Over the last three (3) months, the Company has successfully secured three (3) new Government Resources Planning (GRP) contracts with the Board of Quantity Surveyors Malaysia, Yayasan Guru Tun Hussein Onn and the Medical Device Authority with the total contract sum of RM1.38 million. In addition, Century Software has also secured upgrades services for its existing clients, namely the National Visual Arts Development Board, Lembaga Jurukur Tanah Malaysia, Malaysia Productivity Corporation, Bintulu Port Authority, Lembaga Pelabuhan Kuantan and Railway Assets Corporation, bringing the total contract sum to RM4.69 million.

ABOUT CENSOF HOLDINGS BERHAD

Censof Holdings Berhad (“Censof” or the “Group”) was established in 2008 as a technology holdings company that provides an extensive financial management solution for the government and commercial segments, small and medium enterprises, as well as start-ups. The Group was listed on the Main Market of Bursa Malaysia Securities Berhad in January 2011.

Through its subsidiaries, Censof is involved in providing (i) financial management solutions on the government front, (ii) financial management solutions to the SMEs and micro-SME segments, (iii) wealth management solutions, (iv) payment aggregation solutions and (v) embarking into emerging technologies. The Group is listed under the Technology Sector (Name & Code: CENSOF & 5195).

For more information about Censof Holdings Berhad, please visit https://censof.com.

SOURCE : Censof Holdings Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Sandra Tan (Imej Jiwa Communications)
Tel: +6017 395 0122
E-mail: sandra@imejjiwa.com 
 
Name: Emile Koh (Imej Jiwa Communications)
Tel: +6017 669 2033
E-mail: emile@imejjiwa.com 

--BERNAMA