Press Releases

Rimini Street Announces Delivery of Global Tax, Legal and Regulatory Updates

10/6/2014

Comprehensive Updates Delivered for U.S., Canada, Brazil, Hungary and UK; New Service Added for Oracle EBS Payroll Support

LAS VEGAS, October 6, 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, Oracle Middleware, Hyperion and Oracle Retail software, today announced delivery of its global tax, legal and regulatory updates for PeopleSoft, Oracle EBS and SAP releases, including the 2014-E update for PeopleSoft clients using Human Capital Management products in North America. The Rimini Street updates were once again delivered ahead of the software vendor's own scheduled delivery dates for similar updates. The updates provide clients with significant new tax, legal and regulatory changes required for the U.S., Canada, Brazil, Hungary and the United Kingdom. Through an innovative combination of patent-pending tax, legal and regulatory research technology, proven methodology and ISO 9001-certified development processes, Rimini Street offers clients accurate deliverables with the fastest "legislature-to-live"SM update delivery cycle in the industry.

Rimini Street also recently launched support for Oracle EBS Payroll, which now includes full tax, legal and regulatory support for the U.S. and the UK.

Updates for U.S. and Canada

In the U.S. and Canada, there were numerous tax, legal and regulatory updates required at the federal, state and local levels, many of which become effective January 1, 2015.

At the U.S. federal government level, Rimini Street delivered changes to keep clients in compliance with annual reporting requirements, including updates for electronic filing of year-end W-2 information with the Social Security Administration. Rimini Street’s updates also included documentation surrounding the Defense of Marriage Act decisions impacting taxation of healthcare benefits.

At the state level, Rimini Street delivered minimum wage increases effective in 2015 for Connecticut, Hawaii, Maryland, Massachusetts, New York, Rhode Island, Vermont and West Virginia. Unemployment Insurance Taxable Wage Base figures were also adjusted for several states, including Florida, Iowa, Kansas, Massachusetts, Nevada, New York, South Carolina and Washington. In addition, Rimini Street revised state withholding tables for Illinois, North Carolina and Ohio, and provided changes for the Federal Unemployment Tax Act (FUTA) for Nevada and Vermont. At the local level, numerous local tax changes were included for Kentucky, Ohio and Pennsylvania. The "Year-End Processing 2014 U.S. Reference Guide" was also delivered, containing detailed information on the data set-up, processing and printing of year-end tax forms.

For clients in Canada, Rimini Street provided instructions for preparing year-end reporting, as well as provincial tax table updates for Ontario. Rimini Street is also delivering a document related to changes to minimum wages in multiple provinces, including Alberta and Manitoba. In addition, Rimini Street is closely monitoring information from the Canada Revenue Agency, as well as Revenu Québec, for tax changes that will be delivered in December and effective in January 2015.

Updates for United Kingdom and Hungary

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 the UK and Hungary.

For example, Rimini Street delivered the automation of Direct Earnings Announcement (DEA) court orders to all UK SAP payroll clients. Rimini Street is also delivering a document related to the new Shared Parental Leave changes effective April 2015.

In Hungary, for example, Rimini Street also delivered changes to Invoice Rules outlining user reporting obligations.

Updates for Brazil

Rimini Street recently announced that it is delivering ongoing comprehensive tax, legal and regulatory updates to keep clients in compliance with all required Brazilian legislative updates related to Nota Fiscal eletrônica (NF-e 3.10) and Sistema Publico de Escrituracao Digital (SPED). For example, the Company recently delivered a unique NF-e solution to Brazil-based Embraer SA, the third largest airplane manufacturer in the world. Rimini Street is continuing to monitor and analyze changes to Nota Fiscal and has a planned update release for clients in November.

New Services Launched for Oracle E-Business Suite Payroll

The Company also recently expanded its support capabilities with the launch and immediate availability of its Oracle E-Business Suite (EBS) Payroll service, which is offered to clients in the U.S. and UK as an integrated component of Rimini Street's tax, legal and regulatory updates. The Company already has signed clients in the U.S. and UK.

Industry-Leading Tax, Legal & Regulatory Research and Technology

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 than 2,000 government web sites and 3,100 information web sites for more than 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.

“Rimini Street’s robust and comprehensive tax, legal and regulatory service has already delivered more than 80,000 updates to hundreds of clients around the world, enabling them to successfully run their mission-critical applications,” said Paul Henville, Rimini Street Group VP, global. “Through significant investments, including our recent expansion into Oracle EBS Payroll support, Rimini Street proves its commitment to providing world-class solutions to keep clients in tax, legal and regulatory compliance.”

About Rimini Street, Inc.

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 15 years after switching to Rimini Street. 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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Rimini Street and the Rimini Street logo are trademarks of Rimini Street, Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2014. All rights reserved.

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