Software · Malaysia · Head-to-head

Financio (by ABSS) vs IFCA MSC Berhad

Two Malaysia software options, compared side by side for Malaysia trades.

Which should you choose?

Financio (by ABSS) is Tier S: our check found its prices published on its own website. IFCA MSC Berhad is Tier A. Compare the typical pricing shown for each below. The tier is not a quality ranking: weigh the pros, cons, pricing and Malaysia-specific notes below against your trade and region.

Financio (by ABSS)

Tier S · Published prices

Cloud accounting and payroll for Malaysian SMEs from ABSS

Financio is the cloud accounting and payroll product of Asian Business Software Solutions (ABSS), the former MYOB South Asia, which rebranded to ABSS in 2018 and launched Financio in Malaysia and Singapore in 2017. The Star reported in June 2022 that Censof Holdings had raised its stake in ABSS to 97%. ABSS also sells the desktop ABSS Accounting and Premier range and says more than 400,000 SMEs use its software.

Pros

+ Published prices from RM50 per month
+ LHDN e-invoices included in both plans
+ Payroll product from the same vendor
+ 30-day free trial of the Premier plan

Cons

− Essentials plan includes only 25 LHDN e-invoices
− No permanently free plan
− SST treatment of the listed prices not stated
− No construction job-costing features found on its pages

Malaysia note

Financio says its users can send, receive and track e-invoices with LHDN, and its e-invoice guide covers consolidated and self-billed e-invoices and credit or debit notes. The Essentials plan includes 25 LHDN e-invoices and Premier 5,000, so check the quota against your invoice volume.

Typical Malaysia pricing: Accounting Essentials RM50/month or RM550/year; Accounting Premier RM85/month or RM935/year (prices effective 1 December 2024). Payroll Essentials RM75/month (up to 30 employees), Payroll Premier RM135/month (up to 200 employees). SST treatment not stated. 30-day free trial; no free plan.

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IFCA MSC Berhad

Tier A · Listed

Malaysian property and construction ERP vendor, listed on Bursa Malaysia

IFCA MSC Berhad is a Petaling Jaya-based software company, listed on Bursa Malaysia since July 2003 (stock code 0023). Its X-series suite includes ContractX for construction management, PropertyX for property developers, AccountX, HRX and an e-invoicing module. IFCA lists six offices in Malaysia plus offices in Singapore, China and Indonesia.

Pros

+ ContractX covers progress claims, variation orders, retention, subcontracts and purchasing
+ IFCA says its ERP suite, including ContractX, submits e-invoices to LHDN by direct API
+ Listed company that publishes annual and quarterly reports
+ Offices in Petaling Jaya, Penang, Johor Bahru, Kuantan, Kuching and Kota Kinabalu

Cons

− No public prices: quote from IFCA only
− Built for contractors running multiple projects; a large system for a sole trader
− Construction, property, accounting and HR are separate products in the suite

Malaysia note

Malaysian-developed and headquartered in Petaling Jaya. IFCA says ContractX handles progress claims, certifications, retention and subcontractor purchase-on-behalf invoices, and that its ERP suite submits e-invoices to LHDN's MyInvois system through a direct API.

Typical Malaysia pricing: Quote-based; no public prices.

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