Censof Holdings launches RAAS to automate banks reconciliation processes

NST Tue, May 24, 2022 01:24pm - 2 months View Original


Censof Holdings Bhd (CHB) launched Recon-as-a-Service (RAAS), its software robot, to automate the bank reconciliation process for government agencies.

KUALA LUMPUR: Censof Holdings Bhd (CHB) launched Recon-as-a-Service (RAAS), its software robot, to automate the bank reconciliation process for government agencies.

The RAAS will simplify and enhance the bank reconciliation process by utilising the technology of robotic process automation (RPA) to automate the front and back-end reconciliation processes more efficiently across government agencies.

By capitalising on RPA technology, RAAS will emulate human behaviour to act as a digital workforce that operates faster and more accurately.

The RAAS aims to simplify the tedious bank reconciliation process and reduce the burden of government employees performing repetitive tasks while enhancing the efficiency and accuracy of operational work.

In addition, through RAAS, the automated bank reconciliation process minimises the need for human intervention, thereby reducing the risk of human errors.

Generally, although RPA replaces the human workforce, it now allows the same workforce to focus on strategic and analytical related tasks.

CHB group managing director Ameer Shaik Mydin said the company has worked with more than 90 government agencies, supplying its standard accounting system for government agencies (SAGA) compliant financial management and other business solutions.

"As we continue to innovate our products and solutions, we are extremely pleased to concurrently launch this innovative software robot that capitalises on RPA technology.

"RAAS can analyse and evaluate a high volume of data accurately within a short period.

"We have indeed seen positive interest and demand across the digital industry today to utilise this RPA technology, " he said today.

He said the team at CHB will continuously modernise the company's solutions portfolio by connecting and integrating it in new and innovative ways.

CHB's products and solutions will consistently undergo technological innovation phases to embrace the latest technologies.

This ensures that the customers receive technological innovations that can improve their daily operations.

It will also further enhance operational efficiency, productivity, and effectiveness under the latest accounting and financial objectives and policies at ministries, agencies, and statutory bodies.

 

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