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LAS VEGAS, July 14, 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 that it delivered its latest set of global tax, legal and regulatory updates on June 9, 2014. These updates included the 2014-C update for PeopleSoft licensees in North America, as well as updates for SAP releases, which were delivered ahead of each vendor's own scheduled delivery date for similar updates. The updates provide clients with significant new tax, legal and regulatory changes required for Australia, Brazil, Japan, United States 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 accurate deliverables with the fastest "legislature-to-live"SM update delivery cycle in the industry.
For clients in the U.S., Rimini Street delivered tax, legal, and regulatory updates at the state and local levels, including changes in minimum wage for California, Washington, D.C. and Minnesota. The increase in the minimum wage for California also affected Garnishments. At the local level, Rimini Street provided updates for local tax changes for Illinois, Kentucky, Ohio and Pennsylvania. Rimini Street’s updates also included changes related to both quarterly and annual reporting.
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, Japan and the United Kingdom.
For example, in Australia, Rimini Street delivered several updates for the Australian start of year, including updates to State Payroll Tax, rate changes related to the Student Financial Supplement Scheme (SFSS) and the student Higher Education Loan Program (HELP), as well as rate updates for Pay As You Go (PAYG), including the Deficit and Medicare Levy. In Brazil, Rimini Street is working to deliver the latest Brazilian Electronic Invoice (NF-e 3.10) functionality to clients as they transition to this most current version by December 2014. Updates delivered to Japan payroll included changes to Nursing and Asbestos Insurance and maternity leave. In the United Kingdom, Rimini Street delivered updates to the Earlier Year Update (EYU) functionality.
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 1,500 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.
“Rimini Street has developed and delivered more than 70,000 tax, legal and regulatory updates to clients in more than 100 countries through an innovative combination of research technology, advanced methodologies and ISO-certified processes,” said Paul Henville, Rimini Street group vice president, global development. “Rimini Street clients confidently rely on the Company’s tax, legal and regulatory updates to accurately and timely process billions of U.S. dollars in mission-critical transactions every month.”
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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