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Continuous Controls Monitoring (CCM)
Continuous controls monitoring (CCM) is the process of monitoring controls to continuously provide assurance that they are effective and operating as designed. CCM aims to reduce losses through continuous monitoring, and this, in turn, lowers audit costs, improves organizational efficiency, and helps to protect the brand.
What Small and Midsize Businesses Need to Know About Continuous Controls Monitoring (CCM)
The CCM process helps businesses ensure that all controls are working as intended and identifies any issues before they can cause severe damage. It also provides a more holistic view of the control environment, which can help organizations make better strategic decisions about where to allocate their resources.
Related terms
- Tokenization
- ROIT (Return on Information Technology)
- SAC (Subscriber Acquisition Cost)
- Energy Trading and Risk Management (ETRM)
- Chief Revenue Officer (CRO)
- Core Banking System
- Record to Report (R2R)
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling
- Capital Allocation
- Compound Annual Growth Rate (CAGR)
- Net Present Value
- Hedge Fund
- Gateway
- Selling General and Administrative (SG&A) Expenses
- ROE (Return on Equity)
- Financial Planning and Analysis (FP&A)
- Dollar-Cost Averaging (DCA)
- Procure-to-pay Solution