In an era where regulatory compliance and risk management are paramount, robust audit and internal control capabilities are essential for organizational integrity and financial accuracy.
Workday Audit and Internal Control software offers comprehensive tools designed to enhance transparency, streamline compliance processes, and mitigate risks. This platform integrates seamlessly with Workday’s suite of applications, providing real-time insights, automated monitoring, and advanced analytics to ensure all internal controls are effectively maintained.
This article discusses the key features and benefits of Workday Accounting Audit and Internal Control tools, highlighting how they help organizations maintain compliance, protect assets, and foster a culture of accountability and data integrity.
Audit and Internal Controls in Workday
Workday provides intelligent, automated audit and internal controls to ensure comprehensive audit trails, improve documentation for key business processes, and proactively identify and address risks.
With Workday audit reports and capabilities, organizations can do the following:
- Access built-in security features to protect sensitive data
- Deliver configurable workflows to manage core business transactions
- Establish self-documenting audit trails to ensure compliance
- Leverage intuitive dashboards and reports to manage and control data
Key Capabilities of Workday Audit Controls
Here’s a closer look at a few core features of Workday’s audit and control software:
Governance
Access Workday’s built-in control and governance capabilities to ensure compliance without requiring bolt-on applications or wasting valuable time on tedious, unreliable activities.
Pre-built security
Leverage Workday’s comprehensive security controls to establish a secure Workday environment and allow users to only update security permissions when organization or role changes are made.
Segregation of duties
Establish a single authorization model and intelligent access controls to ensure only the right people have access to the right data at the right time.
Financial transformation
Reduce time spent collecting audit data and empower users to focus on strategic initiatives through intuitive auditing and financial transformation capabilities.
Adaptable control
Customize and configure inside controls to align with evolving reporting and compliance requirements and empower Workday users to stay ahead of the curve.
Utilizing Intelligent Reporting and Dashboards
Workday consolidates all key data and processes in a single, unified system to facilitate stronger audit management, access data in real-time, and improve the connection between Workday and third-party systems. This way, when reports are required, users have up-to-date information and prebuilt dashboard capabilities to view, analyze, and report on key metrics.
Custom reporting capabilities enable users to create and modify additional reports directly in Workday without moving to and from different systems. By connecting to Workday-built features and connecting core processes in a single environment, Workday Audit and Internal Controls make it easier than ever to identify high-priority issues, analyze trends, and optimize care operations.
How Can We Help?
Whether you’re just starting your journey with Workday modules or looking to enhance your existing Workday operations, Surety Systems is here to help.
From outlining plans for a new Workday implementation and facilitating risk mitigation for core improvement initiatives to addressing data privacy concerns and conducting audits of internal processes, our senior-level Workday consultants have you covered.
Contact Us
Our team works to understand your critical project needs and prepare your internal teams for continuous improvement without compromising efficiency or collaboration across your existing business ecosystem.
For more information about our Workday consulting services or to get started on a project with our team of expert consultants, contact us today.
