Rimini Street Obtains Australian Single Touch Payroll Certification

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Rimini Street Obtains Australian Single Touch Payroll Certification

Industry-leading tax, legal and regulatory team secures accreditation for PeopleSoft Global Payroll and SAP HCM Payroll ensuring clients remain compliant with changing regulations

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 it has obtained Single Touch Payroll (STP) certification by the Australian Government’s Australian Taxation Office (ATO) for PeopleSoft Global Payroll and SAP HCM Payroll. The new certification enables Rimini Street’s Australian clients to submit their payroll data via a ‘pay event,’ either on or before pay day, to the ATO. Rimini Street’s tax, legal and regulatory division passed the complex, rigorous qualification process with the first file submission for both PeopleSoft and SAP software products, well ahead of the deadline set by the ATO.

Premium Service Support for Critical Certification Process

All organizations with 20 or more employees are required to report under STP to stay compliant with the Australian Taxation Legislation. The aim of STP is to streamline employer payroll information reporting to the ATO. The change requires companies to report payments such as salaries and wages, pay as you go (PAYG) withholding, and superannuation information from their payroll solution each time an organization pays its employees, rather than at the end of each financial year.

Rimini Street with tagline Logo

“With the Australian Taxation Office mandating new Single Touch Payroll reporting requirements, we needed to ensure that our systems were fully compliant,” said John Brizee, SAP manager at Golding Contractors. “Rimini Street provided the STP update for our SAP payroll application. The update was installed, tested, and ready-to-go well in advance of the ATO’s deadline of July 1, 2018.”

Rimini Street put a comprehensive process in place eighteen months prior to the July 1, 2018 deadline to begin preparing clients for this new reporting standard. The Company achieved STP certification for PeopleSoft software products in May 2018 and for SAP related products in June 2018 by completing three main verification steps set by the ATO – an in depth security questionnaire, execution of the ATO’s conformance test suite and lastly, product verification testing.

“STP is the largest change to Australian payroll in recent history,” said Paul Henville, group vice president, Global Product Delivery. “By obtaining the STP certification for our PeopleSoft and SAP clients, we can ensure their systems are supported and compliant for this monumental shift in payroll reporting. This is just one example of how Rimini Street remains diligent, proactive and on the forefront of constantly changing tax, legal and regulatory requirements; STP in particular was one of the most complex requirements we have had to undertake, which we were able to complete ahead of the original software vendors.”