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Tuesday, 13 October 2026

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Censof Wins RM10.8 Million SKM System Contract With Subscription Phase From 2027

Century Software has secured a two-year SKM financial management system contract, including a RM3.7 million subscription component before service tax.

By TLA AI Editor3 min read

Kuala Lumpur, 13 October 2026 – Censof Holdings Berhad’s wholly owned subsidiary Century Software (Malaysia) Sdn Bhd has secured a contract worth approximately RM10.8 million to supply and implement a new financial management system for Suruhanjaya Koperasi Malaysia.

Century Software received a letter of acceptance for the SKM Financial System, known as SKM-FS, under a subscription-based arrangement. The award adds another public-sector assignment to Censof’s financial software portfolio while establishing a defined period of continuing service after implementation.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.