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aws账号(www.2km.me)_Censof rides on govt and business digital efforts

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Speaking with StarBizWeek, group managing director Ameer Shaik Mydin (pic) says the group plans to secure 10 to 15 government agency clients every year, moving forward.

SOFTWARE solutions provider Censof Holdings Bhd has built a strong footprint in the government sector, with 86 out of 139 government statutory bodies as its clients.

Some of them such as the Inland Revenue Board, SIRIM Bhd and Farmers’ Organisation Authority have been with Censof for over 25 years.

Censof also serves six to seven local councils across Malaysia, out of the total 140 councils.

It is noteworthy that government contracts have been contributing more than two-thirds of the group’s revenue.

Regardless, Censof says there remains huge opportunities that are still untapped.

This is amid the government’s MyDigital initiative, which targets 80% cloud storage across the public service and all payments for government services to be made cashless by 2022.

Speaking with StarBizWeek, group managing director Ameer Shaik Mydin (pic) says the group plans to secure 10 to 15 government agency clients every year, moving forward.

“We have over 100 state government agencies that we can serve as they need to comply with the Standard Accounting System for Government Agencies (Saga) criteria, which presents a really big opportunity for us.Censof logo

“We offer a total of nine solutions to the government sector, which includes e-procurement software, tax compliance system, data-sharing platform and performance-based budget system,” he says.

Ameer is the single-largest shareholder in Censof, with a direct and indirect stake of 0.26% and 31.86%, respectively.

This year alone, Censof has bagged three contracts cumulatively worth RM31.4mil from the Finance Ministry, Transport Ministry and Kuala Lumpur City Hall.

With all government agencies required to move their payment collection online, Ameer says Censof’s payment aggregation solutions will start generating revenue.

This would be achieved through Censof’s new partnership with Kiple-Pay, via the launch of the BayarNow mobile application for statutory bodies to connect and facilitate customers to integrate online collections with Censof’s Saga compliance accounting system.

Cloud system

In addition, the public sector’s shift to cloud-based systems is another growth area for Censof, simply by tapping on its existing clients.

To date, Censof says about 42% of its 86 government statutory body clients have migrated onto its cloud system.

On Dec 7, Censof signed a joint-venture (JV) agreement with South Korea’s Cloocus Co Ltd to augment its cloud business.

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