Century Software and Axway Team Up to Help Companies Improve Efficiency in Accounting Compliance and Regulatory Reporting

MALAYSIA - Axway, the recognized leader of Collaborative Business Solutions, and Century Software, a leading provider of financial management systems today announced that they are working together to help companies improve financial control, compliance and regulatory reporting. Keeping up with regulatory demands, coping with shorter reporting timescales and lack of controls are some of the key challenges faced by companies, particularly in an environment where the information system structure is complex. Through this partnership, Axway and Century will address these challenges by offering the Synchrony™ Accounting Integration solution, which will help businesses quickly and seamlessly integrate operational production systems with general ledgers, compliance-enabled reporting and financial monitoring systems.

With accounting functions built into the solution, Synchrony Accounting Integrator interprets financial data for high performance, high-volume processing. Acting as the central core for the accounting systems, it removes accounting and finance logic from the source systems, centralises it under the control of Finance, thereby promoting consistency and control in accounting rules and policy. This will help companies to deliver professional, effective and responsive finance services in one common and transparent enterprise model.

"Synchrony Accounting Integrator is designed to deal with increased complexity and time pressures. It is a mature product, with more than 500 large organizations around the world using our solution to help them reduce time and cost of maintenance for regulatory compliance, as well as improve accounting processes," said Andy Wilkinson, Senior Vice President, Axway, Asia Pacific.

"We are excited to work with Century, who has many years of experience and an excellent reputation in the public sector market in Malaysia. They fully appreciate the strength of Axway technology and its ability to truly help companies with accounting integration and compliance needs," he added.

The partnership will also enable Century to use Axway's Synchrony Accounting Integrator functionality to link Century's own financial management systems into a fully integrated environment. When combined with Axway's full-featured accounting integration platform, Century will be able to expand its financial suite of offerings for existing customers, unlock new business opportunities based on Axway solution set, and enhance its competitive strength and growth in the public services industry.

"We are already seeing early success in this partnership by securing our first accounting integration project for a large public sector company in Malaysia and we have already begun work to introduce the solution to some of our key customers. We are excited to be associated with Axway and we look forward to a long and enriching relationship with them," said Encik Samsul Hj. Husin, the Executive Director of Century Software.

For more information about Axway's Synchrony Accounting Integration platform: www.axway.com/products/synchrony_rdj.php

About Axway

Axway is the Business Interaction Networks company — the only provider in the market today to manage, run, secure, and monitor all of your business interactions, including email, files, messaging, services, events, and processes. Serving over 11,000 organizations in more than 100 countries, Axway facilitates the multi-enterprise transactions, processes and integration that accelerate business by eliminating the barriers between vendors, customers, departments, partners and suppliers. Axway's comprehensive offerings include business-to-business integration, managed file transfer, secure email, business activity monitoring, enterprise application integration, service-oriented architecture, business process management, track & trace and identity validation solutions. Axway provides professional and managed services, as well as cloud computing and Software-as-a-Service (SaaS) offerings. Headquartered in Phoenix, Arizona, Axway's global presence spans 20 countries.

About Century Software

Century Software is a wholly owned Bumiputra Information Technology company, which provides state-of-the-art financial managements and business solutions to government and commercial sec in the Asia Pacific region. Headquartered in Malaysia, it has offices in Australia, Indonesia, Thailand, Singapore and USA, Century Software equips users with information to realize the desired Return-On-Investment (ROI). It creates all encompassing comprehensive solutions that streamline conventional business practices into forward-looking productive environments. Recently, it had been recognized by the Deloitte Technology Fast 500 List as one of the fastest growing technology companies in Asia Pacific.