October 3, 2016 | Bengaluru, India: MetricStream, a leading provider of Governance, Risk, and Compliance (GRC) Apps, announced today that it has partnered with Bajaj Finance Limited, the diversified retail lending arm of Bajaj Finserv, to strengthen its ongoing GRC framework.

The non-banking financial company has gone live with MetricStream’s Internal Audit Management and ORM Apps. These digital solutions will not only enable Bajaj Finance Limited to measure and manage risk in a scheduled manner, but will also provide centralized governance through the organization’s ORM team including loss data capturing across the organization. MetricStream’s solution will also support the Audit team in managing audit planning, execution and issue tracking as a third line of defense.

Speaking about the partnership, Rakesh Bhatt, Chief Operations Officer, Bajaj Finance Limited, said, “As one of India’s fastest growing and most diversified NBFCs, we have been straddling multiple business lines. This makes it imperative for us to leverage GRC solutions that will further strengthen our business objective of combining sustainable profitability with controllership. We are hopeful that MetricStream’s Internal Audit Management and ORM Apps will improve usability of prepackaged customer reports as well as increase our overall ability to measure and manage risks.”

With the adoption of MetricStream’s solutions, Bajaj Finance Limited has been moved to a MetricStream Cloud hosted solution, enhancing Loss Event Data Upload (LSM) functionality, creating uniformity across the Audit and ORM Apps, and extending training to over 150 personnel.

“As organizations become more complex, they are exposed to a variety of threats and vulnerabilities that can have a direct impact on growth and business performance,” said Shankar Bhaskaran, General Manager of International Operations at MetricStream. He continued, “Our Internal Audit Management and ORM Apps help Bajaj Finserv streamline internal audit and ORM processes in order to create synergy across its enterprise governance, risk and compliance functions.”

About Bajaj Finance Limited

Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 6 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle re-financing Loans. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today. To know more please visit www.bajajfinserv.in

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

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