MetricStream today said microblogging site Twitter has selected its GRC (Governance, Risk, Compliance) platform to establish and maintain a robust financial compliance programme and internal controls environment.
Twitter will implement MetricStream's compliance management solution to
automate and streamline its account reconciliation and financial close processes, the Bangalore-based company said in a statement.
MetricStream solution will enable workflow-driven automation of key financial control activities for Twitter, as well as improve efficiencies in managing the end-to-end processes associated with account reconciliation and financial close, it said.
It will also help Twitter align financial compliance with its broader compliance and risk management strategy at a global scale, it added.
"A robust application to monitor performance of control activities is critical for ensuring the integrity of financial and accounting information," Nilesh Patel, Corporate Controller at Twitter, said.
"By using MetricStream GRC Platform, we aim to drive efficiency and strengthen productivity of our staff, so that they can focus on other high value activities for the business."
"MetricStream GRC Platform will streamline, automate and manage key aspects of Twitter's financial operations which are fundamental to the company's long-term growth and success," MetricStream CEO Gaurav Kapoor said.