Glossary

Continuous finance control refers to a model where financial operations are validated continuously, rather than periodically or through sampling. Instead of relying on month-end checks, audits, or retrospective reviews, controls are applied in real time as data flows through finance systems.

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This approach addresses a fundamental limitation of traditional finance controls. When validation occurs after execution, errors are already embedded in payments, postings, or reports. Continuous finance control shifts validation upstream, ensuring that inconsistencies, anomalies, or risks are detected before they propagate across systems.

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In practice, this means that invoices, bank transactions, and accounting entries are continuously aligned, reconciled, and checked against business rules. Clean cases move forward automatically, while exceptions are isolated for review. Finance teams gain a live view of risk exposure rather than a delayed snapshot.

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Continuous finance control is increasingly enabled by AI agents capable of monitoring data flows at scale and enforcing controls without slowing down operations. At Phacet, this logic is applied across key finance processes, including cash reconciliation, allowing organizations to maintain control while accelerating execution.