Century Software leads Malaysian governance with key industry awards
Petaling Jaya, Selangor, Malaysia – May 6, 2011 – Four Js partner Century Software Sdn Bhd, a leading Financial Management Software Solution (FMSS) provider to the public sector in Malaysia, was awarded Best Bumiputra Software Product 2010 with its Genero corporate governance solution.
Genero is helping us scale our business by maximizing our market opportunity while keeping development costs in check.
Samsul Hj Husin, Deputy Executive Chairman of Century Software
This exclusive award organised jointly between the Malaysian Association of Bumiputera ICT Industry & Entrepreneurs and Malaysia’s leading direct-to-home cross-media network Astro Awani(known locally as the NEF-AWANI ICT award) was presented by the honorable YAB Prime Minister of Malaysia Dato’ Seri Mohd Najib Tun Abdul Razak at the Putra World Trade Center.
To win the award, companies needed to demonstrate their indigenous Bumiputera origins, own the intellectual property and deliver quality, innovation, strong revenue and market share.
SME Star Award
Prior to receiving this award, Century Software was also granted the SME Star Award December 15, 2010. That award was organised by the Malaysian Institute of Accountants (MIA) and the UK’s Chartered Institute of Management Accountants (CIMA) focused on management accounting and good practices with effective cost management.
Vendor of choice by 2014
With these two awards, Century Software has reached phase I of its business development roadmap to become market leader in corporate governance by 2014. This roadmap, established in 2009, consists of 3 phases. Phase 2 is designed to establish a strong brand with goodwill by the end of 2012. Phase 3 is to establish Century Software as the Financial Management Software Solution of choice by the end of 2014.
About Century Software
Established in 1997, Century Software listed on the Bursa Malaysia Jan 31, 2011 and is the developer of industry-recognized Century Financials, a comprehensive FMSS with 43 accounting modules for businesses to process and manage the full spectrum of its financial transaction requirements.
Century Financials Government (CFg) is GST-ready and supports mobile devices. The system – now supporting the latest state-of-the-art Web 2.0 technology – was officially launched by the YAB Minister of Finance II in June 2010. Currently, 10 out of a total of 84 sites have been installed with this latest release. There are more sites in the process of installation. In December 2010, CFg V8.0 obtained IBM certification for government frameworks.
Century Financials is compliant with Standard Accounting System for Government Agencies (“SAGA”) – an initiative by the Malaysian Government to standardize accounting and financial management enterprise solutions used in all its Federal Statutory Bodies.
Century Software has a growing clientele in Malaysia, comprising more than 80 companies and agencies at the Federal, State and Local Government levels as well as the commercial sector.
The Group also has a complementary business of payment aggregation, under
T-Melmax Sdn Bhd, to provide electronic payment and collection solutions to corporations for their Business-to-Business (B2B) and Business-to-Government (B2G) transactions.