Censof lands US$2.5mil contract from Ministry of Finance

  • Support for govt’s budget management information system, MyResults
  • Subsidiary, Century Software, wins US$1.1mil in service upgrades

Censof lands US$2.5mil contract from Ministry of Finance

Censof Holdings Bhd (Censof), a Kuala Lumpur-based 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 US$2.51 million (RM10.12 million) is for the tenure of 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 two 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 (pic, above), 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.

Over the last three months, Censoft has successfully secured three 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 US$342,000 (RM1.38 million).

In addition, Century Software has also secured upgrades services for its existing clients, namely the National Visual Arts Development Board, Lembaga Juruukur Tanah Malaysia, Malaysia Productivity Corporation, Bintulu Port Authority, Lembaga Pelabuhan Kuantan and Railway Assets Corporation, bringing the total contract sum to US$1.16 million (RM4.69 million).

 
 
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