Rimini Street Launches Tax Engine for SAP Payroll
New Solution Performs Withholding Calculations for SAP Payroll Product; Offered with Rimini Street's Industry-Leading Tax, Legal and Regulatory Update Service
Orlando, FL - SAP Sapphire 2010, May 20, 2010 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, and JD Edwards software, and SAP AG (NYSE:SAP) software, today announced its new U.S. tax engine for SAP Payroll, which will perform "gross-to-net" withholding calculations for U.S. payroll taxes. The new solution will enable Rimini Street clients to replace third-party products like BSI TaxFactoryTM and utilize Rimini Street as a single provider for SAP Payroll support and processing for U.S.-based employees.
The Rimini Street payroll tax engine uses Rimini Street's comprehensive tax, legal and regulatory data to calculate withholding taxes for U.S. federal and FICA (Social Security and Medicare); state withholdings for all 50 states and territories; and thousands of local jurisdictions.
The tax engine for SAP Payroll is offered as an integrated component of Rimini Street's industry-leading tax, legal and regulatory update service, which provides all the necessary updates for organizations to remain in global legal and financial compliance. To ensure timely and accurate updates, Rimini Street's tax, legal and regulatory team works directly with government organizations, secondary sources, and tertiary sources to identify, analyze, and make available compliance updates for 190 countries.
"Providing a full-service support and tax compliance offering for SAP Payroll that includes a U.S. withholding calculation engine ensures that our clients will get the highest quality tax compliance solution available at more than a 50 percent annual savings," said Seth Ravin, Rimini Street CEO and President. "Rimini Street is committed to making valuable new products and services available to our clients that significantly reduce the heavy cost and labor burden of global tax, legal and regulatory compliance and that integrate seamlessly with their Rimini Street Support."
About Rimini Street, Inc.
Rimini Street is the leading third-party provider of enterprise software support services. The company is redefining enterprise support services with an innovative, award-winning program that enables Siebel, PeopleSoft, JD Edwards, and SAP licensees to save at least 50% in annual support fees and save up to 90% in total support costs over a decade. Clients can remain on their current software release without any required upgrades or migrations through the next decade and beyond. Hundreds of Global, Fortune 500, midmarket, and public sector organizations from virtually all industries have selected Rimini Street as their trusted, software vendor 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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