Kuala Lumpur, 13 July 2017 – Dagang NeXchange Berhad (“DNeX”), through wholly-owned subsidiary Dagang Net Technologies Sdn Bhd, has been appointed as the reseller of Financio, a cloud-based accounting software targeted at start-ups, small business owners and micro small and medium enterprises (“SMEs”).

Under the appointment, Dagang Net will be the reseller of Financio for Malaysia and Indonesia.

Designed for users with little accounting knowledge, Financio is user friendly and can automatically generate financial reports and tax records according to the latest local accounting standards.

Being cloud-based, Financio can easily be accessible from anywhere. Financio is developed by Asian Business Software Solutions Sdn Bhd (“ABSS”), a subsidiary of Censof Holdings Berhad.

A reseller agreement signing was held in Kuala Lumpur today where DNeX was represented by its Executive Deputy Chairman Datuk Samsul Husin who is also Executive Chairman of Dagang Net. Signing on behalf of ABSS was its Chief Executive Officer Mr Paul Conway.

“With Financio, we can increase our portfolio of business-to-business (“B2B”) e-Services offerings to our existing client network as well as expand reach to new markets,” said Datuk Samsul.

He added that Financio serves a relatively untapped market and it meets the unique needs of today’s entrepreneurs and small companies who are looking for a user-friendly accounting software solution to help them grow their businesses.

ABSS is a leading provider of businesss solutions for the SME sector. The company’s flagship product, MYOB is a financial management solution widely used by SMEs in Malaysia, Singapore and Hong Kong. ABSS is a 51 per cent-owned subsidiary of Censof.