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SAGA Compliance

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)

Functional Requirement

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.

Technical Requirement

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.

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