The cloud changes everything. The speed and adaptability it brings provide agility, flexibility, and scalability. The cloud's ever-changing environment also opens up businesses to additional risk: from hackers, cybercriminals, and rogue insiders.
Before implementing Workday or any new cloud solution, take the time to carefully plan and budget for in-depth security and controls solutions. We strongly recommend that companies incorporate in-depth cloud ERP risk, security, and controls considerations as part of their planning process. Architectural decisions about the structure of the cloud ERP and how it will operate are made during the planning stages. If you need to make security- and control-related changes later in the implementation process or after the system is live, it can adversely affect functionality and efficiency.
Read this paper to learn about:
- how much to spend on cloud security measures
- securing Workday using a KPMG-developed application security and controls framework
- action steps for Workday ERP and HCM risk management.