Payday filing is a significant change to the way New Zealand businesses report payroll information to New Zealand’s Inland Revenue (IR) and, 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 on 1 April.
Rimini Street says that, for many New Zealand businesses, this will require an upgrade to their existing payroll systems.
The University of Auckland utilises 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.
Under the old system, amendments to the old Employer Schedule (IR348) had to be made using a manual, paper-based system, and Rimini Street and the University worked together to develop a module which digitised 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 organisation 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 to develop an update for SAP and Oracle systems which met the country’s “Single Touch Payroll” reporting requirements.
Rimini says it was able to do so ahead of the vendors and prior to the deadline, 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.”
Rimini Street launched a new subsidiary in New Zealand in November 2018 in response to what the company said was an increasing desire for software support solutions that can help optimise IT spend and enable organisations to liberate significant funding for their business transformation initiatives.
Rimini Street, now with an office on Queen Street in Auckland, says it 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.