As Corporate America settles into 2010, it may want to put stronger monitoring controls on its list of things to do this year.
In an increasingly complex global operating environment, automated monitoring controls—that is, a system that continuously monitors a business process and automatically flags any deviation from the norm—can help to drive down costs, mitigate risk (especially compliance risk), and assist management in making more informed business decisions, experts say.
Compliance and internal audit departments do seem to be warming up to the idea. In a recent poll of 150 public companies conducted by AMR Research, continuous monitoring software ranked third ...