Software · Malaysia
IFCA MSC Berhad
Malaysian property and construction ERP vendor, listed on Bursa Malaysia
Market position
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.
Malaysia-specific 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.
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
Typical Malaysia pricing
Quote-based; no public prices.
Why this matters for Malaysia trades
Under Act 520, every local and foreign contractor must register with CIDB (the Construction Industry Development Board), which grades contractors G1 to G7 with works limits from RM200,000 (G1) to no limit (G7), issues the SPKK certificate for government works and registers construction workers, site supervisors and project managers through the Green Card; working unregistered risks a fine of RM10,000 to RM100,000. LHDN/IRBM runs income tax, employers’ monthly PCB/MTD deductions and the MyInvois e-invoicing system. SSM (the Companies Commission of Malaysia) registers businesses, companies and LLPs; under Act 138 only a Professional Engineer or engineering consultancy practice registered with the Board of Engineers Malaysia (BEM) may submit engineering plans to an authority; and employers must register with and pay monthly contributions to EPF/KWSP and to SOCSO/PERKESO (including EIS), with HRD Corp registration and levy required at 10 or more employees in covered industries.
Malaysian construction and trades software selection is shaped by MyInvois, the national e-invoicing system run by LHDN/IRBM (the Inland Revenue Board), rolled out in phases by turnover from August 2024. Businesses with turnover up to RM5 million entered on 1 January 2026, but under LHDN’s e-Invoice Guideline of 30 August 2026 those below RM3 million are exempt unless a shareholder company, holding company, related company or joint venture has turnover of RM3 million or more, and an interim relaxation for the up-to-RM5 million phase runs to 31 December 2027, allowing consolidated e-invoices for taxpayers who meet its conditions. AutoCount, SQL Account, Bukku and other local accounting and ERP vendors listed here say they submit e-invoices to MyInvois. Add the Ringgit (MYR), SST, CIDB contractor grading from G1 to G7, and monthly EPF, SOCSO, EIS and PCB payroll deductions, with LHDN publishing a list of payroll software whose PCB calculation meets its specification.
Frequently asked
Is IFCA MSC Berhad a good fit for Malaysia trades?
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. 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.
What does IFCA MSC Berhad cost in Malaysia?
Quote-based; no public prices. Pricing and availability can change by region; confirm current Malaysia pricing on the vendor's site before committing.