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LAS VEGAS, March 24, 2014 - Rimini Street, Inc., the leading independent provider of enterprise software support for SAP AG's (NYSE: SAP) Business Suite and BusinessObjects software and Oracle Corporation's (NYSE: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Hyperion and Oracle Retail software, today announced delivery of its global tax, legal and regulatory updates, including the 2014-B update for PeopleSoft licensees in North America, as well as updates for SAP and E-Business Suite releases, which were delivered ahead of the vendor's own scheduled delivery date for similar updates. The updates provide clients with significant new tax, legal and regulatory changes required for the U.S. and Canada, as well as Australia, Brazil, Mexico, New Zealand, Spain and the United Kingdom. Through an innovative combination of patent-pending tax, legal and regulatory research technology, methodology and ISO 9001-certified development processes, Rimini Street offers clients the most accurate deliverables with the fastest "legislature-to-live"SM update delivery cycle in the industry.
In the U.S. and Canada, there were numerous tax, legal and regulatory updates required by the Internal Revenue Service, Revenu Québec and various state, local and provincial agencies.
For clients in the U.S., Rimini Street delivered tax, legal, and regulatory updates at the federal, state and local levels. At the U.S. federal and state government levels, Rimini Street provided updates for withholding tax rate changes, new standard deduction and allowance amounts, Federal Unemployment Tax Act (FUTA) adjustments, taxable gross definition updates and garnishment rule changes for tax jurisdictions across the country.
At the U.S. state, local and territory government levels, Rimini Street provided dozens of updates for municipalities in Indiana, Kentucky, Ohio and Pennsylvania. In addition, quarterly and annual reporting changes, such as support for W-2c forms and Schedule A of form 940, were included. Rimini Street also provided several updates to tax tables and taxable gross definition tables for the U.S. territories of American Samoa, Guam, Puerto Rico and the Virgin Islands.
For clients in Canada, Rimini Street delivered updates to Workers’ Compensation Board (WCB) limits for the provinces of Newfoundland and Labrador, and Prince Edward Island, as well as the territory of Yukon. Final changes were also delivered for annual reporting and electronic filing to enable clients to successfully complete 2013 Canadian year-end processing.
With tax, legal and regulatory delivery capabilities for nearly 200 countries, Rimini Street recently provided many required 2014 updates to its global clients, including those in Australia, Brazil, Mexico, New Zealand, Spain and the UK, and is preparing further updates for future delivery.
For example, in Australia, Rimini Street is working to deliver annual changes for the 2014-2015 tax year, and is currently developing changes related to the SuperStream electronic data reporting requirements. The Australian government requires all companies implement SuperStream reporting by July 1st, 2015. In Brazil, Rimini Street is delivering updates related to the NT 2013.005 Brazilian Electronic Invoice (NF-e Model 55) layout, validation and migration version 3.10, and also SPED Social. In Mexico, the Company delivered 2014 start of year payroll tax changes for the federal government and various states, as well as 2014 minimum wage changes for various states. For companies in New Zealand, Rimini Street developed critical start of year changes, including changes to Earners Levy Rate and Threshold calculations. In Spain, Rimini Street delivered localization tax and regulatory updates for Modelo 340. In the UK, SAP clients received two major updates related to the new tax year. These updates included changes related to Real Time Information (RTI), statutory rates, National Insurance (NI), as well as updates to various forms.
Rimini Street's tax, legal and regulatory strategy and scoping team is made up of veteran tax specialists, attorneys and international tax, legal and regulatory professionals who use advanced technology and numerous government and private-sector sources to monitor, collect and verify tax, legal and regulatory changes. These sources include more than1,500 government web sites and 3,000 information web sites for 26,000+ localities in nearly 200 countries.
Rimini Street also participates as a member in many prominent tax, legal and regulatory associations around the world, including the American, Canadian and Australian Payroll Associations, the American Bar Association Section of Taxation and the Tax Executives Institute. The innovative combination of technology, proven methodology and ISO 9001 quality processes consistently assures the fastest "legislature-to-live"SM update delivery cycle and highest quality deliverables in the industry.
“With more than 65,000 tax, legal and regulatory updates developed to date, Rimini Street employs an innovative combination of research technology, advanced methodologies and ISO-certified processes, to provide timely and accurate tax, legal and regulatory updates,” said Paul Henville, Rimini Street group vice president, global development. “We continue to invest in the expansion of our global tax, legal and regulatory coverage to meet the needs of our clients around the world.”
Rimini Street is the leading independent provider of enterprise software support services. The company is redefining enterprise support services with an innovative, award-winning program that enables Oracle and SAP licensees to save up to 90 percent on total support costs over a decade, including saving 50 percent on their annual support fees. Clients can remain on their current software release without any required upgrades or migrations for at least 10 years. Hundreds of clients, including global, Fortune 500, midmarket, and public sector organizations from across a broad range of industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit www.riministreet.com or call within the USA 888-870-9692 or internationally +1 702-839-9671.
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