Continuous Controls Monitoring
Continuously monitoring internal controls, detecting high-risk issues, improving business processes and more
Continuously monitoring internal controls, detecting high-risk issues, improving business processes and more
Continuous Controls Monitoring (CCM) and Continuous Auditing (CA) allow management and internal audit to continually review business processes to ensure that they are meeting their targets for performance and effectiveness.
Benefits include:
Monitor all transactions to intercept suspicious activities for investigation
To detect complex fraud schemes across departments and systems
Workflows, case management that engages the entire organization in compliance
Continuously monitoring corporate purchase or credit card transactions allows companies to quickly detect anomalies and instances of non-compliance. It also allows organizations to review all transactions to find:
Complying with tax laws within multiple jurisdictions can be complicated and time-consuming. Failure to meet regulations can result in substantial fines and scrutiny by the authorities. Tax compliance monitoring is used to:
Evolving import-export markets and government regulations can make compliance with customs laws, regulations and processes complicated and time-consuming. A customs compliance monitoring allows organizations to:
Whether it is tight margins or high loss rate, retail monitoring allows organizations to reduce losses due to fraud, waste and abuse. Key controls include:
Overpayments, false invoicing and theft of inventory are major sources of fraud in procurement. Continuous monitoring allows companies to identify:
Monitoring payroll controls is essential to ensure that the correct amount is paid after every pay cycle. Examples of continuous monitoring activities include verifying:
Alessa offers a transaction monitoring solution that prevents revenue loss from fraud, abuse and waste in expense and procurement programs.
We provide enterprise-wide controls that analyze data from any source, simplify data management, and use advanced analytics to detect anomalies, breakdowns and fraud.