Continuous Financial Monitoring (CFM) is the ongoing, automated analysis of financial transactions and processes to detect anomalies, risks, and control issues as they occur.
Unlike traditional financial reviews, which are performed periodically, CFM operates in near real time—providing continuous visibility into financial activity across systems, accounts, and workflows.
Key Characteristics
- Always-on monitoring of financial data
- Near real-time detection of anomalies and risks
- Automated analysis across transactions and controls
- Reduced reliance on manual reviews
- Scalable across large and complex datasets