Governments change tax, export and import, and accounting rules quite often. It’s a dynamic environment and the cost and risk of non-compliance can be steep. Applying generic bundles of tax and regulatory updates (which include unneeded changes) can cost millions of dollars annually and tie up IT staff on non-productive activities. Here's an alternative route to efficiently navigate the ever-changing roads of tax, legal, and regulatory compliance.
The need for tax, legal, and regulatory (TL&R) updates is one of the biggest drivers of vendor upgrades and migrations — often required just so customers can continue to receive TL&R updates. Rimini Street provides tailored, proven TL&R updates without any required upgrades or migrations. Rimini Street has defined and built a highly comprehensive, thorough, and rigorous process for sourcing and delivering TL&R updates to clients seeking software compliance.
Rimini Street tax, legal, and regulatory updates help organizations of any size, from any industry, and from anywhere in the world keep their applications up to date and compliant. Rimini Street immediately identifies, verifies, scopes, codes, tests, custom-packages, and delivers the latest updates for quick implementation. The focus of the Rimini Street approach is quality and personalized service, so clients receive only the software compliance updates they need for their unique systems and environments.
Organizations often struggle to keep up with constant compliance changes in the abbreviated timeframes of complex modules (such as payroll). Rimini Street delivers the highest-quality updates to clients and does so, on average, several days earlier than software vendors — in scenarios where hours and even minutes matter. Achieving this requires Rimini Street software compliance services professionals to work with the world’s local, state, provincial, and national governments — as well as with major tax and regulatory services. This unique methodology results in high-quality deliverables for enterprises and the fastest “Legislature-to-Live”TM update delivery cycle in the industry.
Rimini Street is the leader in independent, third-party software support. Experts are on the front line, every time, proactively and efficiently updating clients on vital compliance issues. Rimini Street Global Tax, Legal, and Regulatory Update Services help clients of all sizes in hundreds of countries and a multitude of industries keep their applications up to date and compliant with the latest tax, legal, and regulatory changes.
Continuous source monitoring of constantly changing TL&R requirements enable Rimini Street to help keep client applications compliant. A dedicated team of Country Research Specialists identifies and verifies requirements on a global basis including researching thousands upon thousands of government sites and information sources covering localities worldwide. Through an innovative combination of patent-pending tax, legal, and regulatory research technology, plus proven methodologies and ISO 9001:2008 certified development processes, Rimini Street provides accurate updates with the fastest "Legislature-to-Live™" delivery cycle in the industry.
Rimini Street’s dedicated TL&R team includes veteran tax specialists, Certified Public Accountants (CPAs), Certified Payroll Professionals (CPPs), attorneys, and executives. They offer a blend of international tax, legal, and regulatory expertise combined with senior-level tenure at some of the world’s most respected and prestigious financial services and consulting organizations.
Client compliance with ever-changing tax, legal, and regulatory requirements becomes turnkey with Rimini Street Global Tax, Legal and Regulatory Update Services, including a single source of truth for tax, legal, and regulatory updates worldwide; human resources changes; transaction tax changes; and financial regulatory changes. Client internal teams are freed from the arduous processes of global compliance maintenance, instead allowing for a focus of time, effort, and monetary resources on business-building IT efforts.
“One of our goals was to become more flexible in our PeopleSoft applications upgrade strategy to be able to decide when and how we upgrade these tools. By archiving the PeopleSoft updates we were already entitled to, we were able to complete an upgrade while on independent support — and do it on our own timeline. If we want to upgrade in the future, that’s a choice we can make without outside pressure.”
Steve Jacobs IT Director
“Virtual patching is proactive and immediate. We don’t have to sit around and wait for something to happen before we get sent a vendor patch months later.”
Mark Brockman Executive Director of Information Technologies
“We turned to independent support to help reduce costs and improve service. With a virtual patching strategy recommended by Rimini Street Global Security Services, we found we could also significantly boost database security and reduce overall risk.”
Ron Traub Senior Operations Manager
Rimini Street tax, legal and regulatory updates help organizations of all sizes keep their applications up to date and compliant. Rimini Street ensures that the latest updates are immediately identified, verified, scoped, coded, tested, custom-packaged and delivered to you.
Adoption of third-party support for enterprise software is now mainstream. Independent research firm Valoir analyzed its growing acceptance, finding that demand is widespread — from cost-cutters to innovators to a variety of companies in-between. Even ERP vendors reluctantly acknowledge its utility as they focus efforts on the cloud. Independent, third-party support has evolved into a strategic portfolio management tool for enterprise applications, gaining broader strategic acceptance from its origins as a cost containment tactic. Valoir found that its versatility facilitates: Innovation around the edges of a mature, highly functional ERP system Maximizing value from existing investments Taking a measured approach to cloud evolution Digital transformation Tactically, independent, third-party software support helps CIOs save resources and keep IT teams engaged with new initiatives rather than routine support. Strategically, it helps CIOs meet business objectives, demonstrate value, and move to a Business-Driven Roadmap from one dictated by an ERP vendor. In analyzing third-party enterprise software support providers, Valoir specifically recognized Rimini Street for its: Breadth of knowledge and depth of support, featuring a Primary Support Engineer model Pure focus on independent, third-party support versus other IT or consulting services Track record of strong client relationships Value, service, price
In a dynamic business environment, it’s critical to have expert, responsive IT resources available to help maximize productivity and drive growth, often within the constraints of a reduced or frozen budget. Application management services (AMS) seem like a good option to consider on a limited budget. Lower priced plans seem ripe for cost savings, yet traditional AMS models staffed with lower-skilled resources can deliver lower value at higher than expected costs. This results in an AMS “tax” where companies contracting with traditional AMS providers overpay for suboptimal value. Rimini Street has a solution: a single provider, integrated AMS + enterprise software support model that reduces costs and frees up IT teams for critical growth initiatives. Rimini Street support teams resolve incidents and root causes with no ERP vendor dependency, no lower-skilled resources, and no hidden costs. The results: seamless AMS and enterprise software support improved total cost of ownership (TCO) for ERP systems and applications better business outcomes Download the eBook “Optimizing Application Management Services (AMS) to Drive Business Growth” for more information on avoiding the AMS “tax” and funding innovation in a dynamic economy.
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