Open Universities Australia Leverages Rimini Street’s Proven Tax, Legal and Regulatory Expertise to Meet New Government Requirements | Business

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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.

“In 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. “Rimini 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. “Our 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 2000® 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.

Forward-looking statements

Certain statements included in this communication are not historical facts but are forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as “may” , “Should,” “would”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “appear”, “seek”, “pursue “,” future “,” will “,” expect “,” prospect “or other similar words, phrases or expressions. These forward-looking statements include, without limitation, statements regarding our expectations regarding future events , future opportunities, global expansion and other growth initiatives and our investments in such initiatives.These statements are based on various current assumptions and expectations of management and are not performance predictions. real, nor are these statements of historical fact. These statements are subject to several risks and uncertainties relating to the business of Rimini Street, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the impact of debt service obligations and the financial and operational commitments of our credit facility on our business and the related interest rate risk, term and the operational and financial impacts on our COVID-19 pandemic business and related economic impact, as well as actions taken by government authorities, customers or others in response to the COVID-19 pandemic; catastrophic events that disrupt our business or those of our current and potential customers, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and financial, economic, regulatory and general policies affecting the industry in which Rimini Street operates; the unfavorable development of pending litigation or government investigation or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flow from operations to help fund increased investment in our growth initiatives; the adequacy of our cash and cash equivalents to meet our liquidity needs; including under our new credit facility; our ability to maintain an effective system of internal control over financial reporting and our ability to remedy material weaknesses identified in our internal controls, including with respect to the accounting treatment of our warrants; changes in taxes, laws and regulations; competitive activity of products and prices; difficulties in managing growth profitably; customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for the Salesforce Sales Cloud and Service Cloud products, in addition to other products and services that we plan to introduce in the near future; the loss of one or more members of the Rimini Street management team; uncertainty over the long-term value of Rimini Street equity securities; and those discussed under “Risk Factors” in the Rimini Street Quarterly Report on Form 10-Q filed August 4, 2021, and updated from time to time by future Rimini Street Annual Reports on Form 10-K , Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other documents filed by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts regarding future events and views as of the date of such communication. Rimini Street anticipates that subsequent events and developments will cause the valuations of Rimini Street to change. However, although Rimini Street may choose to update these forward-looking statements at some time in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be taken as representing Rimini Street’s valuations as of any date after the date of such communication.

© 2021 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo and combinations thereof, and other marks marked with TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners and, unless otherwise stated, Rimini Street does not claim any affiliation, endorsement or association with any such trademark holder or other companies referenced herein.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211012005177/en/

CONTACT: Michelle McGlocklin

Rimini Street, Inc.

+1 925 523-8414

[email protected]

KEYWORD: NEVADA AUSTRALIA / OCEANIA AUSTRALIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE INTERNET NETWORKS UNIVERSITY DATA MANAGEMENT EDUCATION OTHER PROFESSIONAL SERVICES

SOURCE: Rimini Street, Inc.

Copyright Business Wire 2021.

PUB: 12/10/2021 12:00 PM / DISC: 12/10/2021 12:02 PM

http://www.businesswire.com/news/home/20211012005177/en



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