Kuala Lumpur, 3 January 2020 – Censof Holdings Berhad (“Censof”) has completed the acquisition and subscription of a 51% stake in enterprise resource planning (“ERP”) software provider, Netsense Business Solutions Sdn Bhd and Netsense Business Solutions Pte Ltd (“Netsense Group”) for approximately RM 0.64 million. With offices in Singapore, Kuala Lumpur and Jakarta, Netsense Group offers a wide array of business solutions ranging from Acumatica Cloud ERP Software, Accounting Software, CRM, HR Solutions, Payroll, Project Management, Business Intelligence Tools, Customised Dashboards, Mobile Apps and e-Commerce Solutions. Censof is an OEM partnership with Acumatica Inc., a leading innovator in cloud ERP that enables technology partners like Censof to customize its applications to suit the needs of end-users Censof Group Managing Director, Encik Ameer bin Shaik Mydin said, “Having built a strong market presence in providing financial management solutions to the public and private sector, we have in recent years expanded our service offerings to include other functions such as human resource management, customer relationship management, e-commerce and many others.” Censof as a group is an established market leader in the SME industry. This acquisition will only strengthen the presence and complement our position in the SME industry. “By acquiring Netsense, a company with an existing portfolio of SME clients who are using the Acumatica ERP application, this will fast track our expansion into the private sector. We look forward to this venture with Netsense Group and incorporate our other technologies within the Group to deliver innovative solutions that support the business growth of SMEs,” he added. With the rapid advancement of technology, the SMEs’ requirement for increasing automation and productivity in their business is evolving day by day. This need will serve as an opportunity in creating demand for an industry specific EPR solution. Netsense Chief Executive Director, Abdul Rehman Khalid said, “A partnership with Censof came at the right time, as we have planned our next major leap into the implementation of industry specific solutions for SMEs such as the Acumatica Field Service edition, Construction edition and Manufacturing edition.” “To add on, we have also made arrangement for payment plans such as monthly payments, so that our SME clients can adopt these systems without affecting their cashflow.” The equity stakes in the two newly acquired companies, Netsense Business Solutions Sdn Bhd and Netsense Business Solutions Pte Ltd will be held by Censof Holdings Berhad, and not Century Software (M) Sdn Bhd as previously announced in May 2019. Netsense Group currently supports around 90 reputable clients across more than 15 industry verticals. The industries served are retail, distribution, trading, professional services, logistic, F&B, manufacturing, pharmaceutical, construction and supply chain management, amongst others.

Presenting our road map for Digital transformation in SME’s to Member of Parliament and Former Minister of Communications and Multimedia Malaysia. Lawatan daripada Century Software (CENSOF), sebuah syarikat teknologi tempatan yang juga merupakan peserta program GAIN.Inisiatif GAIN yang diterajui Malaysian Digital Economy Corporation (MDEC) adalah satu daripada program yang dilaksanakan oleh Kerajaan untuk membantu firma-firma teknologi Malaysia untuk berkembang, baik di peringkat serantau mahupun di peringkat global.

Why Work With Acumatica Gold Partner Acumatica sells exclusively through their network of channel partners like Netsense. These partners exist to help customers ensure they are a great fit for the product, are purchasing the modules they need, are being sized appropriately, and that their unique Acumatica implementation is a great fit for their business. Our job as an Acumatica partner is to ensure you, the business, has success using the product and benefit from true integration of your entire business. We do this by getting to know your company deeply, understanding the various processes of your team, and leveraging our experience from past Acumatica implementations.   Business Process We will analyze your current processes – what is done in Acumatica and other systems and design a workflow.  Acumatica Implementation Based on the scope of your project, we will jointly develop an implementation plan for you.  CFO Analysis Get valuable insight into your company’s business processes and financial performance from an experienced CFO.  Data Conversion We will convert your existing accounting data to Acumatica from other systems & databases.  Support & Training Technical support, troubleshooting, and instructor-led end user training available remotely or on-site.  Enterprise Services Large multi-site ERP environments, eCommerce, manufacturing processes, inventory management and more.  Data Review & Clean Up Review & clean up your chart of accounts, lists, items, accounts receivable, templates, inventory & more.  Inventory Complete inventory set up, clean up, adjustments, entering or importing products, & entering bills.  Apps and Add-Ons Extend Acumatica with product add-ons for CRM, Field Service Management, Inventory, Time Tracking & more.  Custom Reports Make more informed business decisions with key Acumatica reports, graphs and dashboards.  ERP System Design Every client is unique. Let us design an ERP system with workflows that make sense for your specific environment.  ERP System Re-Design We can help re-design your ERP system so that it is optimized and fits your current business processes.