Rimini Street Delivers Next Set of 2015 Global Tax, Legal and Regulatory Updates
ISO-Certified Update Process Ensures Accurate Global Deliverables
LAS VEGAS, April 6, 2015 — 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 the next set of 2015 tax, legal and regulatory updates. The updates include the 2015-B update for PeopleSoft clients, which were delivered ahead of the vendor’s own scheduled delivery date for similar updates, as well as updates for Oracle E-Business Suite, JD Edwards and SAP releases, as needed. The updates provide clients with significant new tax, legal and regulatory changes required for the U.S., Canada, Australia, Belgium, Brazil, Japan, Malaysia, Mexico, New Zealand and the UK. Rimini Street offers clients accurate deliverables with the industry’s fastest “legislature-to-live”SM update delivery cycle through an innovative combination of a patent-pending tax, legal and regulatory update process, as well as proven methodologies and ISO 9001-certified development processes.
Updates for U.S. and Canada
In the U.S. and Canada, Rimini Street updates included numerous tax, legal and regulatory changes required required by the Internal Revenue Service, as well as various state, local and governmental agencies.
For clients in the U.S., Rimini Street delivered tax, legal and regulatory updates at the federal, state and local levels. At the U.S. federal and state government levels, Rimini Street provided updates for withholding tax rate changes, new standard deduction and allowance amounts, minimum wage increases, taxable gross definition updates and garnishment rule changes for tax jurisdictions across the country. In addition, quarterly wage file and annual reporting updates were included.
At the U.S. local government levels, Rimini Street provided dozens of updates for municipalities in Indiana, Kentucky, Ohio and Pennsylvania. For U.S. territories, year-end reporting updates were delivered for Puerto Rico, as well as an unemployment insurance taxable wage base update for the U.S. Virgin Islands.
For clients in Canada, Rimini Street delivered final changes for annual reporting and electronic filing to enable clients to successfully complete all 2014 Canadian year-end processing.
Updates for Countries in Asia-Pacific, Europe and Latin America
With tax, legal and regulatory delivery capabilities for nearly 200 countries, Rimini Street recently provided many required updates to its global clients, including those in Australia, Belgium, Brazil, Japan, Malaysia, Mexico, New Zealand and the UK.
For example, in Australia, Rimini Street delivered the first phase of updates related to the SuperStream data and payment standard for Oracle and SAP clients. The SuperStream standard is required by the Australian Taxation Office and part of the government’s Super Reform package affecting all employers. In Belgium, updates included required Intrastat file changes affecting returns at the Belgian National Bank. In Brazil, Rimini Street continued to deliver updates related to Nota Fiscal eletrônica (NF-e). Updates for Japan included file data changes for Geppen (monthly revision of standard renumeration), as well as Santei (annual revision of standard renumeration) files, as required by Japan’s Pension Authority. In Malaysia, Rimini Street’s updates included changes related to Malaysian Goods and Services Tax (GST). These were in addition to the initial set of updates delivered to clients during the fourth quarter of 2014. Updates in Mexico included payroll tax updates as well as support for the new financial reporting requirements by the Mexican Tax Administration Service (SAT). In New Zealand, Rimini Street delivered Start of Year updates for New Zealand payroll. In the UK, updates included Oracle and SAP Start of Year changes for UK payroll.
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 2,200 government web sites and nearly 3,200 information sources covering 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, 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 the fastest “legislature-to-live”SM update delivery cycle and highest quality deliverables in the industry.
“Rimini Street clients continue to receive accurate and robust tax, legal and regulatory updates to successfully meet their mission-critical and compliance requirements,” said Paul Henville, Rimini Street Group VP of Global Product Delivery. “With capability across nearly 200 countries, we have delivered more than 90,000 global updates to date through our ISO-certified development processes, and will continue to expand our investment and commitment to providing the most comprehensive tax, legal and regulatory service in the industry.”
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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