Rimini Street Delivers 2012-E Global Tax, Legal and Regulatory Update
ISO-Certified Processes Ensure Clients Receive Most Accurate Deliverables Ahead of Software Vendors' Planned Release Dates
LAS VEGAS, October 15, 2012 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including SAP AG (NYSE:SAP) software and Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database and Hyperion software, today announced delivery of its Tax, Legal and Regulatory Update 2012-E containing tax, legal and regulatory changes to keep U.S. and Canadian clients in compliance with the latest tax legislation. Update 2012-E also provides information for preparing U.S. and Canadian year-end reporting for 2012 and includes foundation changes for the remaining year-end deliverables. Through its ISO-certified methodology, Rimini Street maintains the fastest "legislature-to-live"SM update delivery cycle in the industry, which enables the Company to deliver accurate, high-quality updates ahead of the software vendors' own planned release dates for equivalent updates.
Update 2012-E provides a number of changes for U.S. clients at the federal, state and local level, many of which are effective as of January 1, 2013. At the state level, Unemployment Insurance Taxable Wage Base figures were released for Georgia, Nevada, New Jersey, Pennsylvania and Washington. At the local level, tax changes were announced in Kentucky, Ohio and Pennsylvania. Update 2012-E also marks the delivery of Tax Form Definitions to support the Patient Protection and Affordable Care Act, which requires employees to begin reporting the cost of coverage under an employer-sponsored group health plan.
Additionally, Rimini Street is closely monitoring the Middle Class Tax Relief and Job Creation Act of 2012, as well as other tax cuts set to expire at the end of 2012. The Company's ISO-certified tax and regulatory team will be ready to provide clients with timely updates as soon as changes are legislated.
The Rimini Street development and quality assurance teams follow ISO-certified processes to create, test, package and deliver code, plus supporting documentation as needed for nearly 200 countries. The scope of these updates are defined by Rimini Street's tax, legal, and regulatory strategy and scoping team made up of veteran tax specialists, attorneys and international tax, legal and regulatory professionals who verify numerous government and agency sources by leveraging their expertise as well as Rimini Street's membership in organizations like the American and Canadian Payroll Associations. This proven methodology consistently assures the fastest "legislature-to-live"SM update delivery cycle and highest quality deliverables in the industry.
"Rimini Street provides an experienced, proven and robust solution for delivering accurate and timely tax, legal and regulatory updates to hundreds of organizations well before the vendor's own scheduled release updates," said Paul Henville, group vice president, global development, Rimini Street. "To date, more than 40,000 critical tax, legal and regulatory updates have been delivered to hundreds of global, Fortune 500, midmarket and public sector organizations around the world to help our clients process billions of dollars in mission-critical transactions every month."
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 Oracle and SAP licensees to save 50 percent on annual support fees and save up to 90 percent on total support costs over a decade. Clients can remain on their current software release without any required upgrades or migrations for at least 10 years. Hundreds of global, Fortune 500, midmarket, and public sector organizations from virtually all 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 702-839-9671.
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