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Oracle NetSuite is our pick for the best accounting software product that includes enterprise resource planning (ERP). NetSuite has been a leading brand name in the ERP space for many years. Your business can use it to keep track of your financial data and automate all of your accounting functions. But more importantly, you can use NetSuite's full ERP solution to manage complex business functions on a global scale.

Oracle NetSuite Editor's Score: 9.2/10

Payments 10/10
Automatic invoicing 9/10
Third-party integrations 9/10
Mobile app 10/10
Customer service 8/10

Why We Chose Oracle NetSuite as the Best for ERP Tools

An established business with a lot of moving parts requires an advanced solution capable of managing complex processes, which is where ERP software can help. ERP refers to an integrated software solution used to manage business processes. Although finance and accounting is perhaps the most important part of ERP, other modules include human resources management, sales, marketing and supply chain. 

Oracle NetSuite is one of the leading solutions in the industry for ERP. This multifaceted solution can expedite an organization's financial transactions, such as accounts receivable and payable, as well as keep track of a company's compliance obligations. It has many reporting, planning and billing features, and is designed to be used globally and with multiple currencies. It can be easily integrated with other software, including Oracle's suite of business solutions. For these reasons and more, we've chosen Oracle NetSuite as the best accounting software with ERP tools.

Did you know?Did you know? There are two types of ERP: on-premises ERP (manual installation) and cloud-based ERP (software as a service, or SaaS). Learn more in our article about ERP industry trends.

What We Like About Oracle NetSuite

  • NetSuite uses modular pricing, so you pay only for what you need. 
  • The software is ideal for operations on a global scale, making it a great choice for small businesses that are rapidly scaling into midsize or large businesses. 
  • NetSuite is a widely recognized ERP brand, with more than 31,000 businesses around the world using the software. 

What We Don't Like About Oracle NetSuite

  • The high price point and steep learning curve are more appropriate for businesses with substantial resources at their disposal than small operations. 
  • There is no free trial, and potential customers need to contact Oracle NetSuite directly for a pricing quote. 

Ease of Use

As an integrated software solution used to manage HR, sales, marketing and supply chain, NetSuite goes far beyond simpler accounting and bookkeeping software. Unsurprisingly, NetSuite was far more complex than mass-market solutions, such as what we found in our review of QuickBooks. Like most of the best accounting software solutions we reviewed, NetSuite displays key business metrics on the main dashboard. As shown below, it's a very busy interface packed with tools and drop-down menus

We found that while NetSuite's ease of use might eclipse that of other ERP solutions, it obviously isn't as user-friendly as basic solutions geared toward small businesses. NetSuite's complexity means that many business owners may need to consider hiring a consultant to help them navigate the software and make full use of its capabilities. That said, the steep learning curve belies extremely powerful tools and capabilities that you simply won't get with cheap alternatives.   

Oracle NetSuite dashboard
The Oracle NetSuite dashboard provides an overview of your KPIs.

Source: Oracle NetSuite

Oracle NetSuite Features

If you plan to use Oracle NetSuite as part of a larger ERP solution, you can integrate your accounting processes with other functions, such as inventory management, for a complete view of your business's income and expenses. Here is an overview of the key features of Oracle NetSuite's accounting solution.

Financial Process and Operations Management

NetSuite helps businesses design and implement financial processes with their accounting software. It provides the ability to seamlessly connect accounting functions with management systems. Managers have real-time access to their financial data, giving them the ability to create reports or address delays.

Its general ledger gives organizations the ability to input and monitor all of their financial data in a customizable ledger. Through the general ledger, users can report functionality, enhance audit trials and create support for new management.

NetSuite's accounts receivable and payable features integrate all financial data into an easy-to-use system that functions automatically. They also have management programs for taxes, fixed assets, cash and payments.

Billing

If you have multiple clients, vendors or partners, NetSuite can streamline your billing infrastructure. It gives you control and flexibility over your billing process through a centralized framework that includes transactions, subscriptions and projects that go directly to the billing engine. The billing function also allows you to create and manage subscriptions and recurring billing.

Revenue Recognition

NetSuite helps you comply with accounting standards to report financial results in a timely manner. The revenue recognition services enable you to schedule, calculate and report revenue on financial statements swiftly.

Financial Planning and Reporting

Through its planning and budgeting functions, NetSuite can help you plan for your business's financial future. One really cool function is that NetSuite can use your business's data to forecast revenue and what-if scenarios, as well as produce budgets. The system can also take your current data in future projections and generate reports.

Global Account Management and Consolidation

Running your business internationally or introducing your products and services into an international market can present challenges. Through NetSuite's financial engine, you can manage your business finances across your organization globally. We like that the software comes with multiple language interfaces that can help you bridge communication or language gaps.

NetSuite also offers a multicurrency management system that supports over 190 currencies. The software automatically calculates the exchange rate for real-time conversion. It also provides a variety of payment options to resolve international transactions seamlessly.

Oracle NetSuite business processes
Oracle NetSuite streamlines many business processes, from accounts payable and receivable to inventory management.

Source: Oracle NetSuite

Government Risk and Compliance

NetSuite helps organizations set up and monitor their systems so that they comply with their company's government risk and compliance (GRC) programs. It provides the ability to change systems as your company scales and is audit ready so that any financial issues can easily be viewed and investigated. NetSuite complies with regulatory requirements such as ASC 606, GAAP and SOX.

The program can also transform your GRC program in real time by establishing a sustainable risk-management and compliance process. This feature can save businesses money in the long run, as it can predict major issues.

Integrations

As an ERP platform, Oracle NetSuite offers seamless integration with all modules (accounting, inventory management, customer relationship management (CRM), human capital management, etc.) available on the platform. NetSuite integrates with many leading business software providers and offers open APIs for new integrations. 

To integrate NetSuite with other business software, a dedicated implementation team is available for an additional fee. The team can also develop additional integrations and project management planning.

Warehouse Management

One unique feature is Oracle NetSuite's warehouse management and fulfillment module, which helps businesses control inbound logistics, outbound logistics and warehouse inventory management. Using NetSuite, businesses can generate and send purchase orders to their suppliers. They can also set high-priority tickets to an "expedite" list for faster processing. 

Outbound logistics tracks goods leaving the warehouse, which are shipped directly to stores or consumers. This tool includes a "pick, pack and ship" feature, which informs warehouse employees and distribution employees that a product is ready for transport. As an item moves through the warehouse, Oracle NetSuite updates its records to reflect the accurate number of quantities remaining in your inventory.

Did you know?Did you know? "Supply chain distribution" and "logistics" mean two different things, although the two terms are often used interchangeably. Logistics is the process of planning how products will get to their destinations, while distribution is the actual process of getting them there.

Inventory Tracking

Logistics tools are dependent upon accurate inventory management, which incorporates barcoding, batch and serial tracking to determine where items are located in a warehouse. We were especially impressed by how seamlessly the process fits together. When employees scan a received product into the storage facility, they move it from the loading dock to the appropriate lot, aisle and bin. Once placed, an item is scanned again, and Oracle NetSuite automatically updates its records with the location of the item and the date and time it was scanned.

Inventory Auditing

Once an item is stored in the warehouse, Oracle NetSuite regularly alerts staff to perform "cycle counts," or inventory audits. These audits reconcile the actual quantity of stock in storage with the records maintained by Oracle NetSuite's inventory-tracking tool. Oracle NetSuite's auditing features are also designed to streamline inventory audits by cataloging products based on their value, quantity and specific characteristics, like color, size, material and type.

Order Management

The order-management tool helps warehouses ensure an adequate quantity of each item is always on hand without over-ordering and ending up with deadstock, or products that cannot be sold promptly. NetSuite automatically analyzes historical sales and logistics data to determine optimal reordering points for each product, replenishing stock to an optimal threshold when it runs low. NetSuite also accounts for lead times identified through the inbound logistics tools, factoring in how long it takes suppliers to fulfill new orders and adjusting the minimum quantity accordingly.

Multiple-Location Management

Oracle NetSuite also includes a multi-location management tool, which we found useful for a warehouse that supplies several locations. Through lot tracking, bin tracking and serial tracking, you can monitor the flow of goods across your entire business in real time, and NetSuite automatically adjusts optimal stock levels to support demand across all your locations.

Oracle NetSuite dashboard
With NetSuite's dashboard, you can access all of your accounting and planning information in one place.

Source: Oracle NetSuite

Oracle NetSuite Pricing

Oracle NetSuite's platform consists of inventory management, financial management, point-of-sale, CRM and employee management software. Depending on the specifics of your business – such as the size of your company, its revenue and the modules you require – the price can vary greatly.

To get an accurate price estimate, you'll need to speak with an Oracle sales representative, who will prepare a custom quote for you based on your company size, industry and specific needs. Based on our research, the platform starts at approximately $99 per user per month plus a $999 monthly licensing fee. While this base price can be used as an estimate, your costs may vary significantly.  

Oracle NetSuite may not be the best choice for small businesses with more basic accounting and bookkeeping needs. Midsize, scaling, large and international businesses are better positioned to benefit from Oracle NetSuite's ERP platform. If you're running a larger company, NetSuite's integrated ecosystem can save you time and money that would otherwise be spent acquiring and integrating a hodgepodge of software solutions from a variety of vendors. 

Implementation and Onboarding

During our research into NetSuite, we found that onboarding isn't the simplest process. As with pricing, you will have to contact Oracle NetSuite's sales team for a free product tour. You can also view a variety of product-specific demos on NetSuite's website. However, unlike most of the other software packages that we examined, NetSuite does not offer a free trial. 

Implementing NetSuite as a brand-new user likely won't be a walk in the park for most business owners. An entire cottage industry of consultants exists solely to assist businesses with implementing NetSuite and tailoring it to fit their needs. Although businesses that use NetSuite are generally larger and can probably absorb these extra costs, it's something to keep in mind for anyone considering NetSuite.

Customer Service

Oracle NetSuite provides extensive customer service for all of its software, including accounting systems. It also provides education services, where users can learn about the software they're using and get up to speed on any new features or versions of their products. These services come in the form of both documents and online classes.

Real-time support for industries, as well as individual users, is available 24/7. The chatbot on NetSuite's website can provide users with simple explanations or connect them with a customer service representative.

If you are a smaller business or on a tight budget, consider investing in a dedicated accounting software solution that can be integrated with your other systems and keep track of your finances.

Limitations

With such a comprehensive set of features, Oracle NetSuite's major limitation is not so much the software itself. In our view, the drawbacks are the high price point and steep learning curve. Implementation is likely to take a very long time; it may take months, or even years, to fully master the software and its abilities. It is not the most user-friendly system, despite a very wide feature set. This means that Oracle NetSuite is not an appropriate choice for small businesses with limited resources, but it is a great choice for established businesses with lots of resources. 

Small business owners with less complex needs might want to consider lower-priced alternatives for their accounting and bookkeeping needs. Aside from QuickBooks, our FreshBooks review found that software great for handling invoicing, while our review of Zoho Books revealed it to be a fantastic tool for automating processes. 

TipTip: Read our review of Xero to learn about an alternative software package that we believe is a solid fit for a growing business.

Methodology

To generate our quantitative score and use case, we reviewed software features such as payment and invoicing capabilities, the number of integrations, mobile apps, report generation, supported user count, and customer service. We also assessed pricing and the availability of free trials. Sources of information included in this review were gleaned from the company's website and software demos. Additionally, we studied user reviews for independent opinions on the software's pros and cons.  For ERP specifically, we focused on how the breadth of the product creates a unified system that will help businesses meet complex challenges. 

FAQs

What is Oracle NetSuite?

Oracle NetSuite is an ERP platform with numerous modules to manage financials, HR, inventory, supply chains and more. 

Are NetSuite and Oracle the same company?

The Oracle Corporation acquired NetSuite in 2016; the software package is now formally known as Oracle NetSuite. 

How much does Oracle NetSuite cost?

Potential customers will need to contact Oracle for a quote, although $99 per user per month plus a $999 monthly licensing fee is a ballpark figure.  

Bottom Line

We recommend Oracle NetSuite for …

  • Growing midsize or large businesses (or small businesses making that transition) that require a more powerful, all-in-one ERP solution. 
  • Businesses with the resources to support Oracle NetSuite beyond its monthly costs, such as hiring consultants to assist with training and implementation. 

We don't recommend Oracle NetSuite for …

  • Small businesses without the resources or budget to accommodate NetSuite.
  • Businesses that want to avoid the steep learning curve that comes with a complex but powerful solution such as NetSuite.
Mon, 25 Jul 2022 12:00:00 -0500 en text/html https://www.business.com/reviews/oracle-netsuite/
Killexams : Phil Jones Joins QA Executive Team to Lead Next Phase of Growth

Jones becomes Chief Client Officer to turbocharge QA's Enterprise solutions

LONDON, July 26, 2022 /PRNewswire/ -- QA, a world-leading digital and technology skills provider, is pleased to announce the appointment of Phil Jones from Workday, who joins the executive team as Chief Client Officer, replacing Stuart Martin who is retiring from QA after 22 years.

Phil Jones, Chief Client Officer, QA

In a world where digital and tech needs are rapidly changing, creating ever-wider skills gaps, upskilling and reskilling is now a top priority for many businesses. Active management and development of in-house skills is proven to help maximise productivity, which is critical to growth. QA offers a full suite of solutions to enterprise businesses to help plan and manage their future talent pipeline.

Phil's appointment follows a distinguished enterprise sales career across strategy, execution and operations at leading technology organisations including Taleo, Oracle and most recently Workday. He will lead on supporting the needs of enterprise businesses through QA's innovative solutions and approach to workplace training. This includes market-leading digital apprenticeships and learning programmes, short-course skills bootcamps and Total Learning™, a new truly blended learning method developed in response to changing business and individual needs as a result of the pandemic.

Phil Jones commented, "Skills development and learning is a brilliant sector that's close to my heart. Demand for tech and digital skills is sky high and there just isn't enough ready talent to hire your way out of a skills deficit. Solving your skills challenges in a sustainable and impactful way is ever more critical. QA's passion for this is infectious and I can't wait to support that mission."

Paul Geddes, CEO at QA said, "Phil's appointment follows a record year for QA, and is the fruition of a long-planned move to further our huge ambitions to effectively solve skills challenges faced by enterprise businesses – identifying their digital and tech skills gaps, supporting sustainable and diverse hiring strategies and ensuring training genuinely delivers benefit for both their business and the wider economy.

"Stuart Martin has been a critical part of this plan, working tirelessly over the past two decades to ensure QA's growth. His encouragement and support as he retires from QA puts us in a fantastic place to build on his successes."

Phil will join QA on 1 September 2022.

Notes for Editors:

About QA

QA is a world-leading provider of digital and tech skills, enabling organisations and learners to be winners in the digital revolution. With 3000 employees globally, it helps clients build in-demand tech skills through a comprehensive range of training and talent solutions that blend the best of live and self-paced digital training - including training courses, reskilling bootcamps, tech apprenticeships and degree apprenticeships. It also offers over 150 undergraduate and masters' programmes in conjunction with its university partners.

QA's Cloud Academy platform allows clients' tech teams to train at scale across a range of the most sought-after skills while its Circus Street platform provides similar, leading capability for clients' marketing and commercial teams.

QA serves more than 80% of the FTSE 100, many parts of government and the public sector, and is one of Microsoft's largest learning partners globally. QA live trained more than 280,000 people last year, with hundreds of thousands more on our global  self-paced digital learning platforms.

QA is owned by CVC Capital Partners. Established in 1981, CVC is a world leader in private equity and credit with $114.8 billion of assets under management.

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Mon, 25 Jul 2022 20:00:00 -0500 en-US text/html https://www.yahoo.com/now/phil-jones-joins-qa-executive-080000713.html
Killexams : Lotte Mart Chooses Rimini Street Support Services for its Oracle Applications

LAS VEGAS--(BUSINESS WIRE)--Aug 2, 2022--

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced that Lotte Mart, a large-scale hypermarket chain in South Korea, has switched to Rimini Street as its Oracle application maintenance support services provider. Lotte Mart wanted to focus resources on strategic projects related to business growth and needed more practical ERP support to better manage its rapidly changing distribution business. Based on the high quality of service provided, Lotte Mart chose Rimini Street to optimize its support services.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220802005326/en/

Lotte Mart Chooses Rimini Street Support Services for its Oracle Applications (Photo: Business Wire)

Comprehensive Support Helps Increase Efficiency of IT Teams

Lotte Mart’s first store opened its doors in 1998 in Kangbyeon and has expanded to 175 stores in Korea and abroad. The company relies upon a customized mass-scale Oracle database to manage its retail stores, distribution and logistics. Oracle support costs for the database absorbed significant portion of the IT budget.

“Rimini Street has made a detailed analysis of Lotte Mart’s current situation including the necessity to cut cost and services issues with the software vendor’s support program and has instead provided a tailored support service that better meets our needs,” said Jung-soo Pyo, department leader of System Strategy, Lotte Mart.

The satisfaction level of its IT employees increased dramatically after the switch to Rimini Street as the Company responded and provided faster solutions faster. Like other Rimini Street support clients, Lotte Mart is assigned a local Primary Support Engineer, with an average of 20 years of experience working with enterprise software and backed by a team of functional and technical engineers. The company also benefits from Rimini Street’s ultra-responsive service level agreement of 10-minute response times for P1 critical cases.

“After the switch to Rimini Street, we have been able to break free from vendor-oriented service policies and focus on business-oriented services,” said Pyo. “Work efficiency of IT services have been maximized with a swifter response and support to issues when requested.”

Having optimized its performance, Lotte Mart plans to focus its IT staff and realized savings towards future investments on transformative initiatives and projects to drive business innovation. To better support the IT roadmap, Lotte Mart is reviewing plans to adopt Rimini Street to support additional areas of the business and is contemplating its adoption across the entire Lotte Group.

“Lotte Mart has been able to enhance digital competitiveness, break free from the vendor’s upgrade cycle and take back control over its IT roadmap after the switch to Rimini Street Support Services,” said Hyungwook Kevin Kim, regional general manager, Korea, Rimini Street. “Rimini Street’s award-winning services powered by our patented AI technology have helped thousands of companies across the globe to significantly cut enterprise software maintenance costs, and with the funds they’ve saved, solve short-term budget problems and invest in digital transformation initiatives that drive competitiveness and growth.”

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, 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 outcomes. To date, nearly 4,700 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; the impact of our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the discontinuance of LIBOR and transition to any other interest rate benchmarks; the duration of and operational and financial impacts on our business of the COVID-19 pandemic and related economic impact, as well as the actions taken by governmental authorities, clients or others in response to the continuance of the pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, including terrorism and geopolitical actions specific to an international region; changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements, including under our credit facility; our ability to maintain an effective system of internal control over financial reporting and our ability to remediate any identified material weaknesses in our internal controls; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate reserves for tax events; competitive product and pricing activity; challenges of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS) offerings, in addition to other products and services we expect to introduce in the future; the loss of one or more members of Rimini Street’s management team; our ability to attract and retain qualified personnel; uncertainty as to the long-term value of Rimini Street’s equity securities; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor supplied software support and managed services; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy and data protection regulations; and those discussed under the headings “Risk Factors” and “Cautionary Note About Forward-Looking Statements” in Rimini Street’s Quarterly Report on Form 10-Q filed on May 4, 2022, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2022 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 by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220802005326/en/

CONTACT: Jeff Spicer

Rimini Street, Inc.

+1 (415) 297-6488

pr@riministreet.com

KEYWORD: NEVADA SOUTH KOREA UNITED STATES NORTH AMERICA ASIA PACIFIC

INDUSTRY KEYWORD: DATA MANAGEMENT RETAIL TECHNOLOGY SUPERMARKET SOFTWARE INTERNET

SOURCE: Rimini Street, Inc.

Copyright Business Wire 2022.

PUB: 08/02/2022 12:00 PM/DISC: 08/02/2022 12:02 PM

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Tue, 02 Aug 2022 04:14:00 -0500 en text/html https://www.eagletribune.com/region/lotte-mart-chooses-rimini-street-support-services-for-its-oracle-applications/article_759652d7-8474-52ad-8f22-199b507c2024.html
Killexams : IFM Investors Pty Ltd Purchases 38,538 Shares of Oracle Co. (NYSE:ORCL)

IFM Investors Pty Ltd grew its position in shares of Oracle Co. (NYSE:ORCLGet Rating) by 16.7% in the first quarter, according to its most exact filing with the SEC. The fund owned 269,576 shares of the enterprise software provider’s stock after acquiring an additional 38,538 shares during the quarter. IFM Investors Pty Ltd’s holdings in Oracle were worth $22,302,000 at the end of the most exact reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Evolution Advisers Inc. purchased a new stake in Oracle during the 4th quarter valued at $33,000. Bivin & Associates Inc. purchased a new stake in Oracle during the 4th quarter valued at $35,000. Outfitter Financial LLC purchased a new stake in Oracle during the 4th quarter valued at $43,000. Life Planning Partners Inc purchased a new stake in Oracle during the 4th quarter valued at $44,000. Finally, Western Pacific Wealth Management LP purchased a new stake in Oracle during the 4th quarter valued at $43,000. 42.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on ORCL shares. Exane BNP Paribas upgraded Oracle from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 29th. Credit Suisse Group set a $115.00 price objective on Oracle in a research report on Tuesday, June 14th. Citigroup set a $81.00 price objective on Oracle in a research report on Monday, June 20th. Jefferies Financial Group upped their price objective on Oracle from $75.00 to $80.00 in a research report on Tuesday, June 14th. Finally, BNP Paribas raised Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Oracle has an average rating of “Hold” and a consensus price target of $88.95.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $68.08, for a total value of $68,080,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $76,153,743.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Edward Screven sold 419,174 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the sale, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $68.08, for a total value of $68,080,000.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $76,153,743.36. The disclosure for this sale can be found here. Insiders sold a total of 3,399,174 shares of company stock worth $232,369,224 over the last three months. 43.40% of the stock is currently owned by insiders.

Oracle Stock Performance

Oracle stock opened at $77.84 on Monday. The stock has a 50-day moving average of $71.05 and a two-hundred day moving average of $75.76. Oracle Co. has a one year low of $63.76 and a one year high of $106.34. The stock has a market cap of $207.44 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.84.

Oracle (NYSE:ORCLGet Rating) last released its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The company had revenue of $11.84 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same period last year, the business posted $1.40 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Oracle Co. will post 4.43 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Monday, July 11th. Oracle’s payout ratio is 53.33%.

Oracle Company Profile

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Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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Sun, 31 Jul 2022 20:20:00 -0500 MarketBeat News en text/html https://www.etfdailynews.com/2022/08/01/ifm-investors-pty-ltd-purchases-38538-shares-of-oracle-co-nyseorcl/
Killexams : Rimini Street Announces Fiscal Second Quarter 2022 Financial Results No result found, try new keyword!Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce ... Wed, 03 Aug 2022 10:02:00 -0500 https://finance.dailyherald.com/dailyherald/article/bizwire-2022-8-3-rimini-street-announces-fiscal-second-quarter-2022-financial-results Killexams : Rimini Street Launches Rimini Protect™ Security Suite to Better Protect Organizations From Continuously Evolving Cybersecurity Threats No result found, try new keyword!Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce ... Wed, 27 Jul 2022 10:38:00 -0500 https://finance.dailyherald.com/dailyherald/article/bizwire-2022-7-27-rimini-street-launches-rimini-protect-security-suite-to-better-protect-organizations-from-continuously-evolving-cybersecurity-threats Killexams : Database Management System(DBMS) Market to Witness Increasing Revenue Growth During the Forecast Period By 2028| Microsoft, Software AG, IBM, Oracle

The MarketWatch News Department was not involved in the creation of this content.

Aug 01, 2022 (Market Insight Reports) -- New Jersey, United States- The Global Database Management System(DBMS) Market report is a consolidation of primary and secondary research, which provides market size, share, overview, trends, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also assesses suppliers' and buyers' bargaining power, the threat of new entrants and product alternatives, and the level of competition. To provide a thorough and in-depth perspective of the Database Management System(DBMS) market, other elements such as supply chain, downstream buyers, and sourcing strategy have been evaluated.

The report will supply you an extensive layout of how the business works, its resources, weaknesses, open entryways for progress, examples, and how it acts in different conditions. The report begins with a diagram of the cutting-edge chain plan and gives a short perspective toward the upstream raw parts. Then, it presents its degree, Application, creation market assessment, progressing mechanical headways in the Database Management System(DBMS) business is also taught.

Get trial Copy of this Report:
https://www.infinitybusinessinsights.com/request_sample.php?id=877113

The worldwide Database Management System(DBMS) market is expected to grow at a booming CAGR of 2022-2028, rising from USD billion in 2021 to USD billion in 2028. It also shows the importance of the Database Management System(DBMS) market main players in the sector, including their business overviews, financial summaries, and SWOT assessments.

Database Management System(DBMS) Market, By Segmentation:

Database Management System(DBMS) Market segment by Type:
Database Operation Management
Database Maintenance Management

Database Management System(DBMS) Market segment by Application:
Large Enterprise
SME

Key highlights of the Database Management System(DBMS) Market report study:
? Detailed information on the global Database Management System(DBMS) industry.
? The report analyzes the global Database Management System(DBMS) market and provides important actionable insights to the stakeholders.
? The report considered all major developments. Help report users with exact past and exact industry updates.
? The study of the report is expected to help key decision makers in the industry to assist them in their decision-making process.
? The study includes data on Database Management System(DBMS) Market intelligence. , changing market dynamics, current and projected market trends, etc.
? The report consists of an in-depth analysis of the macroeconomic and microeconomic factors influencing the global Database Management System(DBMS) market.
? Adoption by market ecosystem and market region.
? Key trends shaping the global Database Management System(DBMS) market.
? Historical and forecasted size of the Database Management System(DBMS) market in terms of revenue (in USD million).

Regional Analysis:

North America, Latin America, Asia-Pacific, Europe, the Middle East, and Africa are additionally investigated in view of the provincial review. The dangers, issues, and amazing open doors confronting the Database Management System(DBMS) market are additionally featured in the examination. The Covid 19 infection's unfavorable results on the world economy are likewise analyzed in the exploration.

Cumulative Impact of COVID-19 on Market:

The COVID-19 episode has overpowered numerous expert associations in the region, as has working from home. The Covid-19 episode has introduced hardships for different dealers in the region, including coming up with adaptable business procedures to keep the region’s overall economy above water and supporting people and their families in getting through fiscally today and later on.

The study examines the Database Management System(DBMS) market's competitive landscape and includes data on important suppliers, including Microsoft
Software AG
IBM
Oracle
PostgreSQL
NCR
Pervasive Software
Tandem
FileMaker Inc. & Others

FAQs:

1. In the Market report, what year is not set in stone?
2. Which associations are the most incredible in the market?
3. What are the Market’s pieces?

If you need anything more than these then let us know and we will prepare the report according to your requirement.

For More Details On this Database Management System(DBMS) Market Report @:
https://www.infinitybusinessinsights.com/request_sample.php?id=877113

Table of Contents:
List of Data Sources:
Chapter 2. Executive Summary
Chapter 3. Industry Outlook
3.1. Database Management System(DBMS) Market - Industry segmentation
3.2. Database Management System(DBMS) Market - Industry size and growth prospects, 2015 - 2026
3.3. Database Management System(DBMS) Market - Industry Value Chain Analysis
3.3.1. Vendor landscape
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Porter's Analysis
3.6.1. Threat of New Entrants
3.6.2. Bargaining Power of Buyers
3.6.3. Bargaining Power of Buyers
3.6.4. Threat of Substitutes
3.6.5. Internal Rivalry
3.7. PESTEL Analysis
Chapter 4. Database Management System(DBMS) Market - Industry Product Outlook
Chapter 5. Database Management System(DBMS) Market - Industry Application Outlook
Chapter 6. Database Management System(DBMS) Market - Industry Geography Outlook
6.1. Database Management System(DBMS) Industry Share, by Geography, 2022 & 2028
6.2. North America
6.2.1. Market 2022 -2028 estimates and forecast, by product
6.2.2. Market 2022 -2028, estimates and forecast, by application
6.2.3. The U.S.
6.2.3.1. Market 2022 -2028 estimates and forecast, by product
6.2.3.2. Market 2022 -2028, estimates and forecast, by application
6.2.4. Canada
6.2.4.1. Market 2022 -2028 estimates and forecast, by product
6.2.4.2. Market 2022 -2028, estimates and forecast, by application
6.3. Europe
6.3.1. Market 2022 -2028 estimates and forecast, by product
6.3.2. Market 2022 -2028, estimates and forecast, by application
6.3.3. Germany
6.3.3.1. Market 2022 -2028 estimates and forecast, by product
6.3.3.2. Market 2022 -2028, estimates and forecast, by application
6.3.4. the UK
6.3.4.1. Market 2022 -2028 estimates and forecast, by product
6.3.4.2. Market 2022 -2028, estimates and forecast, by application
6.3.5. France
6.3.5.1. Market 2022 -2028 estimates and forecast, by product
6.3.5.2. Market 2022 -2028, estimates and forecast, by application
Chapter 7. Competitive Landscape
Chapter 8. Appendix

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COMTEX_411330631/2599/2022-08-01T01:44:22

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Sun, 31 Jul 2022 17:44:00 -0500 en-US text/html https://www.marketwatch.com/press-release/database-management-systemdbms-market-to-witness-increasing-revenue-growth-during-the-forecast-period-by-2028-microsoft-software-ag-ibm-oracle-2022-08-01
Killexams : Lotte Mart Chooses Rimini Street Support Services for its Oracle Applications Lotte Mart Chooses Rimini Street Support Services for its Oracle Applications
Rimini Street, Inc. (BusinessWire India)
2022-08-03
Business Wire India

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced that Lotte Mart, a large-scale hypermarket chain in South Korea, has switched to Rimini Street as its Oracle application maintenance support services provider. Lotte Mart wanted to focus resources on strategic projects related to business growth and needed more practical ERP support to better manage its rapidly changing distribution business. Based on the high quality of service provided, Lotte Mart chose Rimini Street to optimize its support services.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220802005326/en/

 
Lotte Mart Chooses Rimini Street Support Services for its Oracle Applications (Photo: Business Wire)

Lotte Mart Chooses Rimini Street Support Services for its Oracle Applications (Photo: Business Wire)

Comprehensive Support Helps Increase Efficiency of IT Teams

 

Lotte Mart’s first store opened its doors in 1998 in Kangbyeon and has expanded to 175 stores in Korea and abroad. The company relies upon a customized mass-scale Oracle database to manage its retail stores, distribution and logistics. Oracle support costs for the database absorbed significant portion of the IT budget.

 

“Rimini Street has made a detailed analysis of Lotte Mart’s current situation including the necessity to cut cost and services issues with the software vendor’s support program and has instead provided a tailored support service that better meets our needs,” said Jung-soo Pyo, department leader of System Strategy, Lotte Mart.

 

The satisfaction level of its IT employees increased dramatically after the switch to Rimini Street as the Company responded and provided faster solutions faster. Like other Rimini Street support clients, Lotte Mart is assigned a local Primary Support Engineer, with an average of 20 years of experience working with enterprise software and backed by a team of functional and technical engineers. The company also benefits from Rimini Street’s ultra-responsive service level agreement of 10-minute response times for P1 critical cases.

 

“After the switch to Rimini Street, we have been able to break free from vendor-oriented service policies and focus on business-oriented services,” said Pyo. “Work efficiency of IT services have been maximized with a swifter response and support to issues when requested.”

 

Having optimized its performance, Lotte Mart plans to focus its IT staff and realized savings towards future investments on transformative initiatives and projects to drive business innovation. To better support the IT roadmap, Lotte Mart is reviewing plans to adopt Rimini Street to support additional areas of the business and is contemplating its adoption across the entire Lotte Group.

 

“Lotte Mart has been able to enhance digital competitiveness, break free from the vendor’s upgrade cycle and take back control over its IT roadmap after the switch to Rimini Street Support Services,” said Hyungwook Kevin Kim, regional general manager, Korea, Rimini Street. “Rimini Street’s award-winning services powered by our patented AI technology have helped thousands of companies across the globe to significantly cut enterprise software maintenance costs, and with the funds they’ve saved, solve short-term budget problems and invest in digital transformation initiatives that drive competitiveness and growth.”

 

About Rimini Street, Inc.

 

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, 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 outcomes. To date, nearly 4,700 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (IR-RMNI)

 

Forward-Looking Statements

 

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; the impact of our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the discontinuance of LIBOR and transition to any other interest rate benchmarks; the duration of and operational and financial impacts on our business of the COVID-19 pandemic and related economic impact, as well as the actions taken by governmental authorities, clients or others in response to the continuance of the pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, including terrorism and geopolitical actions specific to an international region; changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements, including under our credit facility; our ability to maintain an effective system of internal control over financial reporting and our ability to remediate any identified material weaknesses in our internal controls; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate reserves for tax events; competitive product and pricing activity; challenges of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS) offerings, in addition to other products and services we expect to introduce in the future; the loss of one or more members of Rimini Street’s management team; our ability to attract and retain qualified personnel; uncertainty as to the long-term value of Rimini Street’s equity securities; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor supplied software support and managed services; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy and data protection regulations; and those discussed under the headings “Risk Factors” and “Cautionary Note About Forward-Looking Statements” in Rimini Street’s Quarterly Report on Form 10-Q filed on May 4, 2022, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

 

© 2022 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 by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

 

 
Tue, 02 Aug 2022 19:58:00 -0500 text/html http://www.itnewsonline.com/BusinessWire/Lotte-Mart-Chooses-Rimini-Street-Support-Services-for-its-Oracle-Applications/29101
Killexams : Lotte Mart Chooses Rimini Street Support Services for its Oracle Applications

South Korean hypermarket chain states that a need for higher quality service and faster support response times motivated the switch to independent third-party support

Rimini Street, Inc. RMNI, a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced that Lotte Mart, a large-scale hypermarket chain in South Korea, has switched to Rimini Street as its Oracle application maintenance support services provider. Lotte Mart wanted to focus resources on strategic projects related to business growth and needed more practical ERP support to better manage its rapidly changing distribution business. Based on the high quality of service provided, Lotte Mart chose Rimini Street to optimize its support services.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220802005326/en/

Lotte Mart Chooses Rimini Street Support Services for its Oracle Applications (Photo: Business Wire)

Comprehensive Support Helps Increase Efficiency of IT Teams

Lotte Mart's first store opened its doors in 1998 in Kangbyeon and has expanded to 175 stores in Korea and abroad. The company relies upon a customized mass-scale Oracle database to manage its retail stores, distribution and logistics. Oracle support costs for the database absorbed significant portion of the IT budget.

"Rimini Street has made a detailed analysis of Lotte Mart's current situation including the necessity to cut cost and services issues with the software vendor's support program and has instead provided a tailored support service that better meets our needs," said Jung-soo Pyo, department leader of System Strategy, Lotte Mart.

The satisfaction level of its IT employees increased dramatically after the switch to Rimini Street as the Company responded and provided faster solutions faster. Like other Rimini Street support clients, Lotte Mart is assigned a local Primary Support Engineer, with an average of 20 years of experience working with enterprise software and backed by a team of functional and technical engineers. The company also benefits from Rimini Street's ultra-responsive service level agreement of 10-minute response times for P1 critical cases.

"After the switch to Rimini Street, we have been able to break free from vendor-oriented service policies and focus on business-oriented services," said Pyo. "Work efficiency of IT services have been maximized with a swifter response and support to issues when requested."

Having optimized its performance, Lotte Mart plans to focus its IT staff and realized savings towards future investments on transformative initiatives and projects to drive business innovation. To better support the IT roadmap, Lotte Mart is reviewing plans to adopt Rimini Street to support additional areas of the business and is contemplating its adoption across the entire Lotte Group.

"Lotte Mart has been able to enhance digital competitiveness, break free from the vendor's upgrade cycle and take back control over its IT roadmap after the switch to Rimini Street Support Services," said Hyungwook Kevin Kim, regional general manager, Korea, Rimini Street. "Rimini Street's award-winning services powered by our patented AI technology have helped thousands of companies across the globe to significantly cut enterprise software maintenance costs, and with the funds they've saved, solve short-term budget problems and invest in digital transformation initiatives that drive competitiveness and growth."

About Rimini Street, Inc.

Rimini Street, Inc. RMNI is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, 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 outcomes. To date, nearly 4,700 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "may," "should," "would," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "seem," "seek," "continue," "future," "will," "expect," "outlook" or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street's business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; the impact of our credit facility's ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the discontinuance of LIBOR and transition to any other interest rate benchmarks; the duration of and operational and financial impacts on our business of the COVID-19 pandemic and related economic impact, as well as the actions taken by governmental authorities, clients or others in response to the continuance of the pandemic; catastrophic events that disrupt our business or that of our current and prospective clients, including terrorism and geopolitical actions specific to an international region; changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements, including under our credit facility; our ability to maintain an effective system of internal control over financial reporting and our ability to remediate any identified material weaknesses in our internal controls; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate reserves for tax events; competitive product and pricing activity; challenges of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS) offerings, in addition to other products and services we expect to introduce in the future; the loss of one or more members of Rimini Street's management team; our ability to attract and retain qualified personnel; uncertainty as to the long-term value of Rimini Street's equity securities; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor supplied software support and managed services; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy and data protection regulations; and those discussed under the headings "Risk Factors" and "Cautionary Note About Forward-Looking Statements" in Rimini Street's Quarterly Report on Form 10-Q filed on May 4, 2022, and as updated from time to time by Rimini Street's future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street's expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street's assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street's assessments as of any date subsequent to the date of this communication.

© 2022 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 by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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