Rimini Street Announces Global Delivery of 2011-C Tax, Legal and Regulatory Update
Industry Leading Team Provides Fastest "Legislature-to-Live" SM Update Delivery Cycle; Clients Receive Updates Ahead of Software Vendors' Planned Release Dates
LAS VEGAS, June 6, 2011 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, JD Edwards, and E-Business Suite software, and SAP AG (NYSE:SAP) software, today announced delivery of its Tax, Legal and Regulatory Update 2011-C containing critical tax, legal and regulatory updates for the U.S. and Canada. Like all previous tax, legal and regulatory updates, Rimini Street provided the update ahead of the software vendors' own planned release dates for equivalent updates.
The 2011-C Update includes numerous U.S. federal, state, and local tax changes, as well as updates to Canadian provincial tax tables that will keep clients in compliance with all applicable tax, legal and regulatory requirements. In the U.S., federal tax tables were updated in conjunction with the change in the Federal Unemployment (FUTA) Tax, effective July 1, 2011. Update 2011-C also contains final components for the Hiring Incentives to Restore Employment (HIRE) Act which allows employers to receive a new hire retention credit of up to $1,000 for each qualified employee. The Update also addresses changes to withholding of tax on non-resident aliens.
At the U.S. state level, the 2011-C Update addresses a number of critical changes, including updates to minimum wage and withholding tables, support for the New York Wage Theft Prevention Act (WTPA), updates for additional states that now conform to the federal treatment of overage dependent health care premiums, and support for early adopters of Pennsylvania Act 32. Additionally, Update 2011-C delivers local tax changes for several states including Alabama, Ohio, New York and West Virginia.
For Canadian clients, the 2011-C Update includes provincial tax rate changes recently announced by the Canada Revenue Agency, effective July 1, 2011.
As members of the American Payroll Association and Canadian Payroll Association, Rimini Street's tax, legal, and regulatory strategy and scoping team works with government organizations, secondary, and tertiary sources to ensure the latest tax and regulatory updates for more than 100 countries are immediately identified, analyzed, and scoped for development as needed. The Rimini Street development and quality assurance teams then code, extensively test, package and re-verify updates as necessary for accuracy with government agencies. This proven methodology consistently assures the fastest "legislature-to-live"SM update delivery cycle and highest quality deliverables in the industry.
"Hundreds of global, Fortune 500, midmarket and public sector clients rely on Rimini Street's timely and comprehensive tax, legal and regulatory updates to accurately process billions of dollars of mission-critical transactions," said Brian Slepko, senior vice president, global operations, Rimini Street. "With the proven experience of delivering more than 15,000 tax, legal and regulatory updates to date and the capability to deliver tax, legal and regulatory updates to more than 190 countries, Rimini Street's mission is to continue to provide clients the highest quality deliverables and the fastest ‘legislature-to-live' update delivery cycle in the industry."
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 at least 50 percent in annual support fees and save up to 90 percent in total support costs over a decade. Clients can remain on their current software release without any required upgrades or migrations for at least ten 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 http://www.riministreet.com/ or call within the USA (888) 870-9692 or internationally +1 (702) 839-9671.
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