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Rimini Street Upgrades University of Auckland with Payday Filing Solution for Oracle Platform

Bespoke solution developed for University’s PeopleSoft system to meet New Zealand’s new payroll reporting requirements ahead of April 2019 deadline

AUCKLAND, NEW ZEALAND, January 24, 2019 Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that it has completed the delivery of a payday filing upgrade to the University of Auckland’s PeopleSoft enterprise software system after working closely with the University to develop the module.

Payday filing is a significant change to the way New Zealand businesses report payroll information to New Zealand’s Inland Revenue (IR). Under the new system, employers will need to report employee payments every payday rather than the current system which requires monthly reporting, and all businesses in New Zealand must payday file starting 1 April 2019. For many New Zealand businesses, this will require an upgrade to their existing payroll systems.

University Relies on Tier-One Support for Major Reporting Update

The University of Auckland utilizes PeopleSoft 9.2 as its enterprise software system, and leverages Rimini Street to manage the maintenance and support for the platform. The University also relies on Rimini Street to support and implement complex tax and regulatory change requirements. The University began to work closely with Rimini Street’s software and support teams last year to develop the module well ahead of the 1 April deadline. The upgrade also includes a change to the amendments reporting process. Under the old system, amendments to the old Employer Schedule (IR348) had to be made using a manual, paper-based system. Rimini Street and the University worked together to develop a module which digitized this process.

“Payday filing is a significant change to how businesses have to report,” said Julia Middleton-Easte, university associate director, HR Services at University of Auckland. “We selected Rimini Street to work on this substantial update because it’s an organization with a history of working with customers to help them stay ahead of regulatory changes and remain compliant. Leveraging their expertise in developing a solution to these requirements means we do not have to undertake an expensive upgrade to our systems.”

Most recently, Rimini Street worked with customers in Australia and directly with the Australian Tax Office (ATO) to develop an update for SAP and Oracle systems which met the country’s “Single Touch Payroll” reporting requirements. The Company was able to do so ahead of the vendors and prior to the deadline, thus ensuring clients were ready for – and compliant with – the new system.

“The shift to payday filing will streamline the payroll reporting process in New Zealand, but only if New Zealand’s businesses have the right systems in place to report efficiently, while meeting regulatory requirements and securing the data,” said Sean Jones, senior account executive for New Zealand, Rimini Street. “The University of Auckland’s proactive approach to payday filing ensures its systems are compliant, but it also shows they are taking control of their digital transformation roadmap.”

Growing Demand for IT Optimization and a Business-Driven IT Roadmap

Rimini Street launched a new subsidiary in New Zealand in November 2018 in response to an increasing desire for software support solutions that can help optimize IT spend and enable organizations to liberate significant funding for their business transformation initiatives. Rimini Street, now with an office on Queen Street in Auckland, already supports nearly 50 clients with operations in New Zealand, including local brands James Pascoe, Spark, 2Degrees Mobile and Refining New Zealand, along with The University of Auckland.

By switching to Rimini Street support from the vendor’s support, organizations have saved up to 90 percent of the total cost of maintenance of their SAP and Oracle software assets and are able to run their current ERP releases with no forced upgrades for a minimum of 15 years from the date they switched support. Rimini Street clients also benefit from the Company’s flexible, premium-level enterprise software support model, including its industry-leading Service Level Agreement (SLA) of 15-minute response times for critical Priority 1 cases. In addition, each client is assigned a Primary Support Engineer (PSE) with an average of 15 years’ experience in their particular enterprise software system, backed by a broader team of technical experts. By switching their support to Rimini Street, organizations can take back control of their IT roadmaps with a “business-driven roadmap” strategy that provides much more flexibility and value compared to the vendor roadmap, allowing CIOs to focus on creating value and providing competitive advantage and growth.

“Government organizations across the world are digitizing processes to create operational efficiencies, and New Zealand’s shift towards payday filing as a mandatory requirement is one of many similar changes taking place both here and abroad,” said Andrew Powell, general manager Asia-Pacific, Rimini Street. “Businesses will have to evolve their systems regularly to meet such changes, but they no longer have to wait for their original software providers to do so. Those who shift their support to Rimini Street can be assured that changes to regulatory environments will be addressed with tier-one support and software solutions developed to meet their tailored needs.”

 

關於Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI)是全球領先的企業軟體產品和服務提供者、甲骨文和SAP軟體產品協力廠商支援服務的主要供應商以及Salesforce合作夥伴。公司致力於提供優質、超快回應和整合式應用程式管理和支援服務,能夠讓企業軟體授權使用者節省大量的成本,釋放資源用於創新,並實現更好的業績。來自各行各業的近2,100家全球性組織、財星500大企業、財星全球百大公司、中型企業、公共事業部門和其他機構都選擇Rimini Street作為其信賴的應用企業軟體產品和服務提供者。如需詳情,請造訪https://www.riministreet.com,在Twitter上@riministreet關注我們,並透過FacebookLinkedIn掌握Rimini Street的最新動態。

前瞻性陳述

本新聞稿中的某些聲明並非是歷史事實,而是《1995年私人證券訴訟改革法》安全港條款所定義的前瞻性陳述。前瞻性陳述通常含有以下詞彙:「可能」、「應」、「會」、「計畫」、「打算」、「預期」、「認為」、「估計」、「預測」、「潛在」、「似乎」、「尋求」、「繼續」、「未來」、「將」、「預計」、「展望」或其他類似詞彙、片語或表述。這些前瞻性陳述包括但不限於我們對未來事件、未來機會、全球擴張及其他成長動議和我們關於此等動議投資的預期的陳述。這些陳述根據不同的假設以及管理階層當前的預期,並非是對實際業績的預測,也不是歷史事實。這些陳述取決於與Rimini Street業務有關的多個風險和不確定性因素,而且實際結果可能會發生重大變化。這些風險和不確定性因素包括但不限於:COVID-19疫情的不明確持續時間和疫情對公司業務的經濟、營運和財務影響,以及政府當局、客戶或其他方面為防範COVID-19疫情所採取的措施;擾亂公司、公司現有或潛在客戶業務的災難性事件;Rimini Street營運業務環境的變化,包括通膨和利率以及影響Rimini Street所在產業的一般性金融、經濟、監管和政治條件;待決訴訟或政府調查或任何新訴訟的不利進展;以有利條款募集額外股本或進行債務融資的需要和能力,以及我們能否從營運中產生現金流,以幫助為我們成長計畫中增加的投資提供資金;我們的現金和現金等價物是否足以滿足我們的流動性要求;我們發行在外的13.00% A輪優先股的條款和影響;稅收、政府法律和法規的變化;競爭產品和定價活動;無法實現獲利性成長;客戶採用最近推出產品和服務的情況,包括 Application Management Services (AMS)、Rimini Street Advanced Database Security以及針對Salesforce Sales Cloud和Service Cloud 產品的服務以及我們預計將於近期推出的其他產品和服務;Rimini Street管理團隊損失一名或多名成員;RMNI股本證券長期價值存在不確定性;以及Rimini Street將於2020年5月7日呈報的Form 10-Q季報所列標題「風險因素」項下所討論的內容,Rimini Street未來的Form 10-K年報、Form 10-Q季報和Form 8-K現狀報告不時對此等內容的更新以及公司向美國證券交易委員會提交的其他文件。此外,前瞻性陳述僅代表本新聞稿發布之日Rimini Street的預期、計畫或對未來事件的預測和觀點。Rimini Street預計後續事件和發展將導致Rimini Street的評估發生變化。然而,儘管Rimini Street可能會在未來某個時間點選擇更新這些前瞻性陳述,但Rimini Street特別聲明,除法律規定之外,公司沒有這方面義務。這些前瞻性陳述不應被看作代表Rimini Street在本新聞稿發布之日後任何日期的觀點。

© 2020 Rimini Street, Inc.版權所有。Rimini Street是Rimini Street, Inc.在美國和其他國家的註冊商標,Rimini Street、Rimini Street標誌和兩者之間的任意組合以及其他含有TM標記的標誌均為Rimini Street, Inc.的商標。所有其他商標仍是其各自所有者的財產。除非另行說明,Rimini Street與此類商標所有者或本新聞稿中所提到的其他公司沒有任何從屬、代言或結盟關係。

投資人關係連絡窗口:

Dean Pohl

Rimini Street, Inc.

+1 925 523-7636 dpohl@riministreet.com
媒體關係連絡窗口:

Michelle McGlocklin

Rimini Street, Inc.

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