What is SAGA Compliance?
SAGA refers to Standard Accounting for Government Agencies. SAGA is either a customized accounting and financial application system or Commercial Off-The-Shelf (COTS) as well as a support system related to financial data that integrates with it. SAGA Compliance was initially introduced as an initiative to ensure the following:
• To ensure financial statements can be produced timely, accurate, up-to-date, integrity, comply with the relevant accounting standards, to enhance the accounting and financial management of Government Agencies
• To ensure the security of the system, data and information are secured in terms of confidentiality, integrity, availability, complete and accessible at any time.
SAGA Compliance is a mandatory requirement for every single one of Government Statutory bodies which refers to:
• Federal Statutory Bodies;
• State Statutory Bodies;
• Local Authorities; and
• State Islamic Religious Councils.
SAGA Compliance criteria itself is categorized into two major categories:
• Functional Criteria (12 main criteria)
• Technical Criteria (8 main criteria)
Accounting and finance application systems must comply with the General Accepted Accounting Principles set by any standard-setting body.
Accounting and finance application systems must be based on accrual accounting.
The accounting and financial application systems have flexible Account Chart Codes in accordance with the requirements of the Government Agencies. The Account Type of Account Chart Code shall be divided into Revenue, Expenditure, Assets, Liabilities and Equity.
Day to day financial transaction to generate financial statements (Daily Closing)
Accounting and finance application systems are characterized by single-point data entry modules in the accounting and financial application systems must be interoperability. The support system related to financial system must integrate with the accounting and accounting application system daily.
Adding and reducing modules can be made according to the requirements of the Government Agency
Accounting and financial application systems can create online workflow processes from the stage of preparation to approval.
Accounting and finance application systems have electronic payments and receipts. Electronic Fund Transfer (EFT)
Accounting and finance application systems can make bank adjustments via uploaded bank statements.
Accounting and finance application systems can generate and printing complete Financial Statements and required reports at any time.
Data may be extracted from the database for auditing purposes.
Accounting and finance application systems can store data and audit trails for a period of at least 2 years.
Accounting and financial application systems have User Security Profile Administration encompassing the rights and limits of system use, system administrator appointment letter and Standard Operating Procedure (SOP).
The accounting and financial application systems have an audit trail to record all user activities that include user IDs, modules accessed and date and time for each activity including logging in and logging out.
Accounting and finance application systems must have security features in accordance with the Security Directives, Information Technology Directives and ICT Security Policies that are in force in the provision of networking (LAN / WAN) as well as ICT infrastructure in the Data Center and Disaster Recovery Center.
Accounting and finance application systems can automatically terminate the application (auto logoff) for idle users after a set period.
Accounting and financial application systems have a log system for recording all access activities on application servers and databases.
Accounting and financial application systems use encryption and decryption of data for electronic data transfer to / from third-party systems.
Applications and data for the accounting and financial systems are periodically backed up and restore testing is performed at least one (1) time a year and documented. Standard Operating Procedure (SOP) should consider the handling of security on data backup media covering the provision, transmission, storage, use and disposal including data replicated to the Disaster Recovery Center.
Government agencies have a Disaster Recovery Plan (DRP) for accounting and financial application systems, implement simulation and update plans at least one (1) time a year and documented. DRP should be in line with the Government Agencies Service Continuity Plan (CPP) (if any).
As of 2021, 86 Government Agencies have achieved SAGA Compliance status. From the 86, 46 are using Century Software Solution. Refer table below for statistic of SAGA:
|1||Suruhanjaya Perkhidmatan Air Negara (SPAN)||2012||Century Financials|
|2||Lembaga Hasil Dalam Negeri Malaysia (LHDNM)||2012||Century Financials|
|3||Lembaga Promosi Kesihatan Malaysia (MYSIHAT)||2012||Century Financials|
|4||Lembaga Pelabuhan Bintulu (LPB)||2013||Century Financials|
|5||Perbadanan Labuan (PL)||2013||Century Financials|
|6||Institut Penyelidikan Jalan Raya Malaysia (MIROS)||2013||Century Financials|
|7||Lembaga Kemajuan Wilayah Kedah (KEDA)||2013||Century Financials|
|8||Lembaga Pembangunan Langkawi (LADA)||2015||Century Financials|
|9||Maktab Koperasi Malaysia (MKM)||2016||Century Financials|
|10||Suruhanjaya Pelabuhan Pulau Pinang (SPPP)||2016||Century Financials|
|11||Institut Penyelidikan Kemajuan Pertanian Malaysia (MARDI)||2016||Century Financials|
|12||Lembaga Pelabuhan Johor (LPJ)||2016||Century Financials|
|13||Universiti Pertahanan Nasional Malaysia (UPNM)||2016||Century Financials|
|14||Malaysian Pepper Board (MPB)||2016||Century Financials|
|15||Malaysian Productivity Corporation (MPC)||2016||Century Financials|
|16||Lembaga Pelabuhan Kuantan (LPKTN)||2016||Century Financials|
|17||Lembaga Pertubuhan Peladang (LPP)||2016||Century Financials|
|18||Perbadanan Industri Kecil & Sederhana Malaysia (SMECorp)||2016||Century Financials|
|19||Lembaga Pembangunan Pelaburan Malaysia (MIDA)||2016||Century Financials|
|20||Majlis Daerah Kuala Langat (MDKL)||2016||Century Financials|
|21||Universiti Tun Hussin Onn (UTHM)||2016||Century Financials|
|22||Dewan Bandaraya Kuala Lumpur (DBKL)||2016||Century Financials|
|23||Lembaga Pelabuhan Klang (LPK)||2017||Century Financials|
|24||Perbadanan Aset Keretapi (PAK)||2017||Century Financials|
|25||Institut Penyelidikan Pembangunan Belia Malaysia (IYRES)||2017||Century Financials|
|26||Universiti Sultan Zainal Abidin (Unisza)||2017||Century Financials|
|27||Lembaga Koko Malaysia (LKM)||2017||Century Financials|
|28||Lembaga Kemajuan MUDA (MADA)||2017||Century Financials|
|29||Lembaga Air Perak (LAP)||2017||Century Financials|
|30||Lembaga Pembangunan Seni Visual Negara (LPSVN)||2017||Century Financials|
|31||Lembaga Lebuhraya Malaysia (LLM)||2017||Century Financials|
|32||Lembaga Perindustrian Nanas Malaysia (LPNM)||2017||Century Financials|
|33||Universiti Putra Malaysia Serdang (UPMS)||2017||Century Financials|
|34||Perbadanan Kemajuan Sisa Pepejal Dan Pembersihan Awam (SWCorp)||2017||Century Financials|
|35||Majlis Sukan Wilayah Persekutuan (MSWP)||2017||Century Financials|
|36||Akademi Sains Malaysia (ASM)||2017||Century Financials|
|37||Suruhanjaya Koperasi Malaysia (SKM)||2017||Century Financials|
|38||Lembaga Minyak Sawit Malaysia (MPOB)||2017||Century Financials|
|39||Majlis Sukan Negara Malaysia (MSN)||2018||Century Financials|
|40||Suruhanjaya Tenaga (ST)||2018||Century Financials|
|41||Perbadanan Pembangunan Perdagangan Luar Malaysia (MATRADE)||2018||Century Financials|
|42||Universiti Malaysia Terengganu (UMT)||2019||Century Financials|
|43||Agensi Kelayakan Malaysia (MQA)||2019||Century Financials|
|44||Universiti Malaysia Kelantan (UMK)||2019||Century Financials|
|45||Majlis Peperiksaan Malaysia (MPM)||2019||Century Financials|
|46||Perbadanan Kemajuan Kraftangan Malaysia (PKKM)||2019||Century Financials|
|47||Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN)||2020||Century Financials|
We are proud to say that we are the market leader and one of the pioneers in helping the government agencies to achieve SAGA Compliance status. And hence, therefore our consultancy services related to SAGA Compliance is given for free to all our clients using our solution.
We will continue to stand with the government, as a visionary technology imbued company, we aim to be a revolutionary and the preferred government partner in terms of technology requirement, not just in accounting and financial.