Leveraging ISO-certified processes and methodology, Company has delivered more than 145,000 tax, legal and regulatory updates to date
LAS VEGAS, December 12, 2017 – Rimini Street, Inc., (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced delivery of the next set of scheduled, mission critical, global tax, legal and regulatory updates, including year-end updates for 2017. The Company delivered updates to Rimini Street’s clients using PeopleSoft, SAP, Oracle E-Business Suite and JD Edwards products operating throughout North America, Asia-Pacific, EMEA and Latin America.
Rimini Street delivers its tax, legal and regulatory updates using an innovative combination of a patent-pending tax, legal and regulatory technology, a proven methodology, and ISO 9001-certified development processes to ensure clients receive accurate, high-quality deliverables. The Company has issued more than 145,000 tax, legal and regulatory updates to date.
Updates for the United States and Canada
In the United States and Canada, Rimini Street provided tax, legal and regulatory updates required by the Internal Revenue Service and the Canada Revenue Agency, as well as federal, state, local and territory governments. At the U.S. federal government level, Rimini Street delivered the following: updates for IRS Electronic Filings, Unemployment Reporting, Tax Table updates as well as year-end financial and year-end payroll updates, amongst several others. Additionally, as a part of Rimini Street’s services, the Company is closely monitoring for sweeping federal changes that could occur before the end of the year and is ready to provide another update in the event that Congress passes late-breaking tax legislation effective in January 1, 2018. On the state level, Rimini Street continued to deliver only client applicable, state specific updates, including Illinois Quarterly Electronic Wage Reporting as well as local Tax Table updates for California, Indiana, Kentucky, Ohio and Pennsylvania. In addition, State Tax Table updates for 2018 included several states increasing minimum wage amounts and adjusting wage base limits. For clients in Canada, Rimini Street delivered year-end Canadian payroll updates, including federal and provincial Tax Table updates.
Updates for Asia-Pacific, Europe and Latin America
Rimini Street has tax, legal and regulatory delivery capabilities for nearly 200 countries, and this most recent delivery encompasses a wide global scope, including updates for clients located in Australia, China, India, Ireland, Italy, Japan, Mexico, Portugal, Singapore, Spain and the United Kingdom.
The following highlight a sample of updates that Rimini Street delivered to clients:
- For Asia-Pacific, provided updates to support country-specific year-end tax forms, adjustments on unemployment insurance rates and further updates on the Goods and Services Tax (GST) legislation.
- For Europe, delivered updates for the gender paygap report enhancement, SAF-T file and VAT Control Statements.
- For Latin America, delivered updates for electronic accounting and payroll reporting.
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 3,500 government web sites and close to 3,600 information sources covering more than 26,000 localities in nearly 200 countries.
Rimini Street also participates in, and is a member of, many prominent tax, legal and regulatory associations around the world, including the American, Canadian, United Kingdom and Australian Payroll Associations, the American Bar Association Section of Taxation, the Financial Executives International Association, the Tax Council and the Tax Executives Institute. The innovative combination of technology, proven methodology and ISO 9001 quality processes consistently assures a fast “legislature-to-live”SM update delivery cycle and the highest quality deliverables in the industry.
“Rimini Street’s tax, legal and regulatory updates are built and packaged individually for all our clients,” said Paul Henville, group vice president, Global Product Delivery, Rimini Street. “In addition to the premium-level support clients receive, Rimini Street’s continuous monitoring of constantly changing tax, legal and regulatory requirements enable us to keep our clients’ applications supported and compliant without required upgrades just to remain on service for a guaranteed minimum of 15 additional years from the date they move to Rimini Street.”