Rimini Street, a third-party support provider for Oracle and SAP software products, says the ATO certification would enable its Australian clients to submit their payroll data via a "pay event", either on or before payday, to the ATO.
The Nasdaq-listed Rimini Street says its 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”.
All organisations with 20 or more employees are required to report under STP to stay compliant with the Australian Taxation legislation.
“With the ATO 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 1 July.”
“STP is the largest change to Australian payroll in recent history,” said Paul Henville, Rimini Street 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.”