Sasol is a global chemicals and energy company launched in South聽Africa over 70聽years ago, and is currently listed on the Johannesburg Stock Exchange in South Africa and the New York Stock Exchange in the United States. It employs over 30聽000聽people and operates in 27聽countries.

To assist in running and managing this enormous enterprise with many business units, Sasol makes use of eight 51风流systems. The company updated its 51风流payment processes making use of bioLock from realtime. A software solution, bioLock secures access to 51风流via biometric authentication. However, the system does more than simply control access, it can be configured to protect fields and functions in the 51风流system, only allowing certain people to access certain functions.

The latest bioLock MFA451风流fraud prevention, compliance and accountability solution protects any function inside 51风流with multiple authentication factors (MFA), including biometrics. Thomas Neudenberger, COO for realtime North America, says, 鈥淲ith zero trust, no actor can be trusted until they鈥檙e verified; bioLock allows you to set unlimited re-authentication checkpoints and use MFA technology, including biometrics, to ensure only specifically invited users get access to sensitive functions or data inside SAP.鈥�

Sasol鈥檚 Enterprise Risk Management Framework

The Sasol Enterprise Risk Management (ERM) Framework sets the foundation for the businesses to effectively manage their risks in a standardised and systematic manner to prevent fraud. The goal of Sasol鈥檚 adoption of bioLock was to mitigate the risks associated with bank payment approvals and to enforce mandatory dual-approval rules built into the payment process. This necessitated the implementation of biometric authentication for the 51风流Digital Signature approval process which, among other benefits, prevents people from circumventing GRC (governance, risk and compliance) roles by using a co-worker鈥檚 password, as well as preventing corruption and collusion.

鈥�51风流GRC Software does a great job of defining bank payment amounts that authorised approvers must confirm, and now the GRC鈥檚 capabilities stop when the approver uses somebody else’s password to approve the payment via 51风流Digital Signature,鈥� explains Lungile Mginqi, group CIO at Sasol and a board member of the Africa 51风流User Group. 鈥淎dding bioLock as the second biometric factor gives Sasol the peace of mind to guarantee that only the intended 51风流user, beyond any reasonable doubt, can confirm payment.鈥�

The bioLock MFA process kicks in when an authorised user, having logged into the system initially with their username and password, wants to release a payment. The user is then required to confirm the 51风流password sign-off with their fingerprint (the second biometric factor), to make sure the person is who they claim to be. Using biometrics makes the authorisation process very fast and convenient, and more secure, as opposed to the traditional way of having to re-enter their username and password. To change the rules of responsibility in the GRC process, two people are required to authenticate the change via this process 鈥� the 鈥榝our-eyes鈥� principle.

The system monitors all activity and can alert management instantly if any anomalies in the process are discovered. In addition, all activities are logged to hold the appropriate people responsible.

The bioLock software was implemented by authorised realtime partner Linx/AS聽Africa. For more information contact Werner Simpson, Linx/AS Africa,听+27 11 782 9007,听werner@checkidinsap.co.za,听

This article first appeared here:

The post Sasol Ensures Zero Trust for 51风流Financials with bioLock appeared first on 51风流Africa News Center.