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DNeX and UPSI Holdings launch cloud-based, SAGA-compliant accounting system

Kuala Lumpur, 27 June 2019 – Dagang NeXchange Berhad (“DNeX”), through subsidiary company Innovation Associates Consulting Sdn Bhd (“iAC”), has launched a cloud-based accounting system developed on the Standard Accounting System for Government Agencies (“SAGA”).

Called MySAGA, the system is jointly developed between iAC and UPSI Holdings Sdn Bhd and targeted at Government agencies including local councils.

The system was launched at the IR 4.0 in Public Accounting Conference 2019, organised by iAC with co-partner Hewlett Packard Enterprise in Kuala Lumpur today. At the event, iAC was represented by Puan Nuraslina Zainal Abidin who is Managing Director of Genaxis Sdn Bhd and Chief Executive Officer (“CEO”) of iAC while UPSI Holdings was represented by its CEO Encik Mohammad Ruslee Haji Ujang.

MySAGA is developed based on SAGA, and offers end-to-end financial management features. The system uses a single data-entry concept enabling each transaction performed to cover all related accounts.

It has a user-friendly interface allowing ease of use for accounting and audit users who are also able to generate reports accurately and fast. Moreover, the system can also be integrated with other application systems hence reducing data discrepancy issues.

Developed as a cloud-based system, MySAGA can be used anywhere anytime in a secure environment using Digicert and SSL controls.

“We believe MySAGA will contribute in efforts towards enriching the country’s digital economy with a homegrown accounting system leveraging on local talents. We are also honoured to be working with UPSI Holdings in developing the system,” said Datuk Samsul Husin, Executive Deputy Chairman of DNeX.

“MySAGA is another feat of our continuous efforts to grow solutions under the Dagang Net Digital Platform initiative, which is aimed to provide end-to-end, innovative services to help customers be more efficient,” he said.

iAC is the contractor and information and communications technology (“ICT”) maintenance provider of the integrated Government Financial & Management System (“iGFMAS”), the accrual accounting system of the Accountant General’s Department Malaysia.

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