The Vermont State Colleges System is in the midst of implementing Workday, with leadership noting that nearly all procedures are being rewritten and legacy processes retired. The Audit & Risk Management Committee agreed to pause internal audits for FY26 due to the substantial demands of the Workday project, and the June 8, 2026 Board agenda includes another Workday project update, confirming that implementation and change management are ongoing. Although the core Workday system appears already selected, the scale of process redesign and the strain on internal staff signal near‑term needs for configuration support, integrations, reporting, testing, and training.Vendors with Workday higher‑ed expertise, integration tools, and managed services can pursue follow‑on work to stabilize and optimize the platform, help redesign business processes, and potentially take on outsourced internal audit functions once Workday is live.

Committee encouraged management to consider outsourcing some or all of the internal audit function after Workday implementation, which could be a downstream opportunity for audit and advisory firms.