How does Workday Prism support compliance and audit requirements?

Workday Prism supports compliance and audit requirements primarily by offering data lineage and audit trails for analytics. This functionality is crucial for organizations that need to maintain strict adherence to regulatory requirements and ensure data integrity. With data lineage, users can track the origin and transformation of data throughout its lifecycle, which helps organizations understand how data is processed and utilized over time.

The presence of audit trails allows for the documentation of data access and changes, ensuring transparency and accountability. This means that if there are any discrepancies or concerns regarding data usage, organizations can easily trace back to understand who accessed the data, what changes were made, and when these actions occurred. This level of oversight is essential for meeting compliance standards and facilitating audits, as it provides verifiable records of data handling practices.

The other options do not directly address the specific compliance and audit needs. While real-time data access is beneficial for operational efficiency, it does not inherently contribute to compliance or audit readiness. Regular user training programs can enhance understanding and usage of the systems but do not provide the structural support needed for compliance documentation. Automating reporting processes, while valuable for efficiency, does not guarantee the necessary oversight and traceability required for compliance and auditing purposes.