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REDWOOD SHORES, Calif., April 15 /PRNewswire-FirstCall/ -- ( http://www.oracle.com/tellmemore/?1305262 ) Oracle Corporation (Nasdaq: ORCL - news), the largest supplier of software for e-business, announced today an alliance with Windstar Technologies, Inc. that will integrate Windstar's International Tax Navigator(TM) with Oracle® Payroll, part of the Oracle's Human Resources Management System (HRMS) Suite. The joint solution has been tailored specifically for higher education institutions to uniquely provide tax status and information for non-resident students and employees.
The integration will provide higher education institutions and other commercial Oracle HR/Payroll users with the ability to:
for signature, and reporting Forms 1042 and 1042-S)
At present, student enrollment across the U.S. at higher education institutions surpasses 13.5 million with over 500,000 comprised of international enrollees. These numbers continue to grow at healthy rates. Universities and colleges are consistently faced with a multitude of administrative requirements around non-resident alien income tax issues. The integration of the International Tax Navigator(TM) with Oracle HRMS helps streamline these processes effectively while integrating key steps like forms submission and processing into the payroll and other modules in the Oracle HRMS suite. The integration of the International Tax Navigator(TM) with Oracle Payroll comes at a time when streamlining processes and procedures are imperative.
``In the past 10 years, U.S. colleges and universities have seen a 33% growth in total foreign student enrollment. With this continued growth, the demand for an efficient way to perform international tax analysis and to produce appropriate reports and forms is ever pressing,'' said Joel Summers, senior vice president, HRMS Product Development at Oracle Corp. ``Our relationship with Windstar allows Oracle to address this demand by adding critical functionality to Oracle's advanced Oracle HRMS suite.''
The Oracle HRMS suite delivers the technology and capabilities needed to create a competitive advantage for e-business success. The system uniquely empowers businesses to achieve workforce optimization and significant cost reductions.
Windstar's International Tax Navigator(TM) will perform such functions as:
-- Determine U.S. tax residency status using immigration status history
and days of U.S. presence;
-- Perform case-by-case analyses of income tax treaties for each type of
payment;
-- Create audit reports of treaty analyses identifying reasons for denying
benefits;
-- Determine applicable taxes, tax rates and exemptions from tax for
payments;
-- Prepare completed reporting forms and withholding certificates in
electronic submission format;
-- Maintain history of all completed forms produced for reprint at
any time.
``Our International Tax Navigator solution addresses several issues surrounding international non-resident students in an efficient and user-friendly environment,'' said Kathleen Walter, vice president of Marketing, Windstar Technologies, Inc. ``The integration with Oracle HRMS now allows for a complete HR management system uniquely tailored to the needs of the higher education market.''
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle visit our website at www.oracle.com.
Trademarks
Oracle is a registered trademark of Oracle Corporation. The International Tax Navigator is a trademark of Windstar Technologies, Inc. Other names may be trademarks of their respective owners.
SOURCE: Oracle Corporation
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