Open Universities Australia Leverages Rimini Street’s Proven Tax, Legal and Regulatory Expertise to Meet New Government Requirements | Business
LAS VEGAS – (BUSINESS WIRE) – October 12, 2021–
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading provider of third-party support for Oracle and SAP software products, and a partner of Salesforce, today announced that Open Universities Australia (OUA), the country’s online higher education market leader, has engaged Rimini Street to create and deliver regulatory updates for reporting new and existing student data, in accordance with new regulations from the Australian Government on Student Information Collection (TCSI). Rimini Street has been supporting OUA’s PeopleSoft applications since 2017 and based on OUA’s excellent experience supporting the company, the organization has requested that the Rimini Street Tax, Legal and Regulatory (TLR) team address and maintain tax, legal and regulatory compliance within its Oracle PeopleSoft. Campus Solutions application.
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Open Universities Australia leverages Rimini Street’s proven tax, legal and regulatory expertise to meet new government requirements (Photo: Business Wire)
TLR Compliance Services: A Solution for Evolving Regulatory Requirements
In February 2018, the Australian government unveiled its new policy on reporting student data. TCSI is an Australian Government initiative, a joint project of the Australian Department of Education, Skills and Employment and Services, which aims to transform the way student information is collected. TCSI rules now require universities to report all student enrollment details, including applications, fees, personal information, and fees within seven days of receiving them. The Rimini Street LRT team undertook the development of the updated regulatory reports, allowing the OUA team to focus on other aspects of the project.
Enterprise-class TLR support for reporting and compliance
The company’s TLR team is made up of hundreds of experienced full-time employees, including country research specialists, product owners, business analysts, software developers, quality assurance engineers and Documentation specialists, who are responsible for all of the practical updates of Rimini Street TLR, from research deliver. This team helps Rimini Street clients – from mid-sized businesses to global Fortune 500 companies and government entities – keep their business software compliant and up-to-date in more than 26,000 jurisdictions around the world. In 2020, Rimini Street saw a 40% year-over-year increase in tax, legal and regulatory changes globally and the TLR team made over 88,000 individual changes in over 50 countries this year.
âIn the past, the reporting of student data was done after the census information was released, whereas today it must be done in near real time to provide an accurate picture of student loans and ensure that ‘they do not exceed their limits. said Dan Cliffe, project manager, Open Universities Australia. âRimini Street had a clear plan, working with us to develop a flexible and configurable solution to meet our compliance requirements. The company has supported our enterprise software for several years now, and by working with us on this critical project, they have provided the same ultra-responsive expert consulting approach that they do with our PeopleSoft application support. It was a great process and they met all the deadlines.
“Higher education institutions must adapt to changing enrollment models and these new compliance requirements in Australia have resulted in more real-time data and transparency in reporting to meet these government obligations,” said Daniel Benad, group vice president and regional general manager, Oceania, Rue de Rimini. âOur tax, legal and regulatory team worked in conjunction with Open Universities Australia to create and deliver this solution on time to meet these government regulations. Today, our team of TLR experts are responsible for creating TLR updates for nearly 1,000 customers in 126 countries, most of which are delivered ahead of vendor schedules.
For more information on Rimini Street’s tax, legal and regulatory expertise, click here.
About Rimini Street, Inc.
Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000Â® company, is a global provider of enterprise software products and services, the primary provider of third-party support for Oracle and SAP software products, and a Salesforce partner. The company provides high-end, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business results. To date, more than 4,200 Fortune 500, Fortune Global 100, mid-size companies, the public sector and other organizations from a wide range of industries have trusted Rimini Street as their supplier. trusted enterprise application software products and services. To learn more, visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.
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PUB: 12/10/2021 12:00 PM / DISC: 12/10/2021 12:02 PM