Censof Holdings Berhad has been awarded a contract by SME Corporation to build the “Perkhidmatan Projek Pembangunan Platform SME Rating & Accreditation Fasa I SME Corp Malaysia” basically a Rating and Accreditation system application for SMEs.
The contract, valued at RM7.3 million, involves the building of an integrated application system for Small and Medium Enterprises Rating and Accreditation phase 1 for SME Corp (“the Project”). This includes the project management services, change management services, training services, development of application system leveraging blockchain and eKYC, development of a mobile application, development of application-programming interface, and the provision of database software, report, and analysis software, and cloud server services.
This application system will be integrated with the Companies Commission of Malaysia, SME Corp’s internal system, namely the SME Integrated Plan of Action System (SMEIPA), SME Central Incentives System (SCenic), and MyAssist System, as well as payment gateway providers in Malaysia.
The objective of the project is to streamline the delivery system and increase the efficiency and productivity of SME Corp. All work processes will be automated, for instance, digital submission of documents. Payment processing can also be performed through this application system platform. Essentially, this project will create a comprehensive integrated system with a centralised database that is equipped with the latest security features and technologies, such as blockchain and artificial intelligence, and reduce manpower reliance in its scoring and accreditation process.
The contract is for a tenure of 45 months, commencing from 15 February 2022 to 14 November 2025.
Censof CEO foresees this contract to enhance its involvement in the SME space which the group has heavily embedded in providing accurate digitalised SME ratings and scores in a timely manner.
