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MetricStream Compliance Management Solution will enable Twitter to streamline account reconciliation and financial close management

Mumbai, 11th October’2012: Twitter, Inc. has selected MetricStream GRC Platform to establish and maintain a robust financial compliance program and internal controls environment. As one of the fastest-growing global real time information networks, Twitter will implement MetricStream Compliance Management Solution to automate and streamline its account reconciliation and financial close processes.

MetricStream Compliance Management 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. The solution will also help Twitter align financial compliance with its broader compliance and risk management strategy at a global scale.
“A robust application to monitor performance of control activities is critical for ensuring the integrity of financial and accounting information” said Nilesh Patel, Corporate Controller at Twitter. “By using MetricStream GRC Platform, we aim to drive efficiency, and strengthen the productivity of our staff, so that they can focus on other high value activities for the business.”

MetricStream delivers significant and quantifiable value to financial compliance operations. The solution will reduce financial reporting risk while helping ensure that the organization meets its compliance and governance obligations and requirements.

"We are excited to work with Twitter, one of the world’s most popular sites," said Gaurav Kapoor, Chief Operating Officer at MetricStream. “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. It is critical for rapidly growing companies to institute a strong foundation of corporate governance and internal controls through a robust GRC architecture.”

About MetricStream
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as Pfizer, Philips, NASDAQ, UBS, SanDisk, Subway, Fairchild Semiconductor, Constellation Energy and Cummins in diverse industries such as Healthcare, Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com