Magix Integration has announced it has gained the exclusive rights to distribute the Bioloc range of products in South Africa. These products provide users of the SAP ERP system with the ability to ask for biometric authorisation before allowing transactions to take place.
"To ensure their corporate financials are transparent and senior executives are accountable for expenses they authorise, Bioloc integrates seamlessly into SAP," says Amir Lubashevsky, director of Magix Integration. "It allows organisations to set a rand limit above which no expenses are paid unless authorised by specific individuals. Bioloc slots into SAP`s workflow seamlessly to avoid disrupting any business processes.
"Of course, we all know how easy it is to steal somebody`s password or to even guess the password of executives that are not technically savvy. Bioloc therefore makes use of biometric authorisation, such as fingerprint recognition, to ensure only people allowed to authorise high spending limits are able to do so."
Compliance regulations have put enormous pressure on business leaders to keep a tighter rein on their financial controls, with serious penalties should they not be able to dot each `i` and cross every `t` - including possible jail time. If the company is using an integrated ERP system, like SAP, the ability to control business processes and ensure certain transactions are authorised by a secure means lifts much of the burden from these executives.
The result is the ability to catch any fraudulent transactions of significant value before money is lost; and if transactions go through and are found to be suspect, there will be an executive who can be held responsible.
While Bioloc is only integrated with SAP at the moment, making it a simpler task to control corporate finances in the business applications solution, Lubashevsky says Magix has the products and skills to create similar solutions for other ERP systems.
"While our solutions may not be built to seamlessly integrate with non-SAP systems, we are able to create bespoke solutions from best-of-breed products that will allow any business process to halt while waiting for authorisation," Lubashevsky says.
More reliable means of identification and authorisation are becoming must-haves in corporate South Africa today. By making the Bioloc range of products along with the appropriate support available in South Africa, Magix is simplifying one more aspect of corporate governance and easing the stress compliance regulations put on executives.
Share
Editorial contacts