Petaling Jaya, May 9 – Censof Holdings Berhad’s wholly-owned subsidiary, Century Software (M) Sdn Bhd (CSM) has secured a new contract from Lembaga Hasil Dalam Negeri Malaysia (LHDNM) worth RM7.5 million to provide IT maintenance services.
Under the contract, CSM will provide application maintenance services for LHDNM’s Electronic Revenue Accounting System (eRAS) and relevant hardware. The contract is for three years commencing from November 19, 2017 until November 18, 2020.
Censof Group Managing Director, Ameer bin Shaik Mydin said, “We are delighted to have received this contract which is testament to our capabilities as a reliable provider of financial management solutions. Having designed and developed LHDNM’s eRAS in 2008, we continue to maintain a long-term working relationship with LHDNM.”
In 2016, CSM was appointed to develop technology solutions to support LHDNM’s compliance to the Foreign Account Tax Compliance Act (FATCA).
“We at Censof have continuously kept ourselves up to date with the latest trends in the financial and technology landscape. This will enhance the confidence amongst our existing clients and future prospects. We believe that our solutions that operate within the financial regulatory landscape requires not only security and accuracy but also the versatility to adapt to the ever changing global financial terrain,” he added further.
The contract is expected to contribute positively towards the Group’s future earnings for the duration of three years contract.