Business Guide
simplicable technology guide   »  technology definitions   »  continuous controls monitoring for transactions

What is Continuous Controls Monitoring for Transactions (CCM-T)?

        posted by , December 21, 2011

Continuous Controls Monitoring for Transactions (CCM-T) is a Governance, Risk and Compliance (GRC) technology. CCM-T monitors enterprise transactions to improve financial controls and automate financial audits. There are 4 typical functions of a CCM-T system:

1. Transaction monitoring – continuous transaction and access rule verification.

2. Separation of duties – implements separation of duties controls (the employees that execute transactions must be different from those who audit transactions).

3. Remediation management – escalates exceptions and tracks remediation processes (remediation & exception workflows).

4. Reporting and Analytics – audit dashboards, reports and analytics.

How mature are CCM-T technologies?

Continuous controls monitoring is an emerging technology. Many vendors offer incomplete solutions or products with limited compatibility.

What's the value of CCM-T technologies?

There are three key value propositions for CCM-T:

1. Reduce losses from fraud and financial errors.

2. Reduce legal penalties and damage to reputation from failure to comply with rules and regulations.

3. Reduce the cost of audits.


CCM-T continuously monitors financial controls. This allows a business to react quickly to fraud and financial errors. CCM-T can detect:

invalid employee expenses

duplicate payments

invalid sales commissions

unusual payments

suspicious financial transactions

invalid warranty claims

invalid discounts

By handling control exceptions as they occur — auditor and regulator trust is enhanced.

Implementation of CCM-T

CCM-T products are often tightly-bound to one or two ERPs and financial systems. If all your financial transactions flow through a supported ERP — implementation of CCM-T is often quick and painless. Otherwise, expensive customizations may be required — dramatically reducing your ROI for CCM-T.

Some CCM-T products lack the functionality required to monitor complex transactions over multiple disparate systems. It's best to ask your CCM-T vendor if they can monitor such transactions.

3 Shares Google Twitter Facebook

Related Articles

Enterprise Architecture
How to architect an organization.

... or how I learned to stop worrying and love big boxes.

The history of Enterprise Architecture is ripe with failures. This one was massive .

How would you explain web security to your grandmother?

I watch you, you watch me — and 7 other common governance pitfalls.

Recently on Simplicable

Why Big Data is Hype (and Why It's Not)

posted by Anna Mar
Big data is an earth shaking innovation!

How to Win at Cloud

posted by Anna Mar
Which cloud strategies will fail and which will succeed?

Where the Cloud Was Born

posted by Anna Mar
It sometimes feels as if we've entered a world of cloud and now there's nothing but cloud.

9 Reasons To Go Private Cloud

posted by Anna Mar
In the future, large sophisticated organizations will own clouds, small businesses won't.


about     contact     sitemap     privacy     terms of service     copyright