
Water
treatment and management company serving more than 10 million customers
avoids S/4HANA upgrade and invests upgrade and support savings in IT
modernization
LAS VEGAS -Tuesday 13 October 2020 [ AETOS Wire ]
(BUSINESS
WIRE)-- 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 the Metropolitan Water Reclamation
District (MWRD) of Greater Chicago has switched to Rimini Street Support
for its SAP suite of applications including SAP Business Suite 7/SAP
ECC 6.0, Business Warehouse and Business Objects. MWRD stepped off the
vendor’s upgrade cycle and can now receive Rimini Street’s
ultra-responsive, premium-level support for a minimum of 15 years from
the time that it switched providers, without having to upgrade just to
stay fully supported. MWRD realized significant savings by switching to
Rimini Street Support and avoiding a costly, complex and risky upgrade
to S/4HANA, and was able to invest the savings in an IT modernization
initiative across the organization, which included a new IT service
management solution (ITSM).
Underutilized, Expensive SAP Support Hampers Innovation
A
utility company with more than 2,000 employees, the MWRD serves more
than 10 million customers in the greater Chicago area with residential
wastewater treatment and stormwater management. Tasked with revitalizing
an aging and deeply entrenched IT environment, MWRD’s director of IT
set out to completely transform the organization’s IT landscape,
starting with a comprehensive inventory of the company’s IT
infrastructure. As part of this thorough evaluation process, it became
apparent that the company was underutilizing its SAP applications by
about 75%, and that their SAP support costs consumed more than a quarter
of its multimillion-dollar software maintenance budget.
In
addition, feedback from the internal IT team pointed to a lack of vendor
support responsiveness. With these discoveries, the company initially
investigated realigning SAP support to the realities of MWRD’s
environment, but ultimately did not find what it needed from the vendor.
Through this process, the company identified Rimini Street as an
alternative provider with a proven track-record of providing quality,
ultra-responsive support delivered by experienced engineers, and decided
to make the switch.
“When our SAP products were originally
purchased, we were way oversold, with portions of the product never even
getting implemented, but we were still paying maintenance on it. After
SAP announced the eventual end-of-support for our version of the
application, we knew we needed to partner with a company that was
willing to take the time to understand our specific issues and
collaboratively figure out the optimal path forward,” said John Sudduth,
director of information technology, MWRD. “We also needed a partner
with a great track record of support because we had a lot of pent-up
demand for support fixes that we didn’t have the skill set to complete,
and it was just too expensive to contract it out to SAP. We moved all of
it to Rimini Street – some of the backlog was even as old as 17 years –
and have never looked back. Switching to Rimini Street Support has
enabled us to free up internal resources to focus on our IT
transformation initiatives.”
Rimini Street Support Helps Enable Complete IT Transformation Goal
With
the immediate savings MWRD realized by switching to Rimini Street,
Sudduth was able to embark on his mission-critical goal to completely
transform the technology landscape and impact of IT across the
organization. Sudduth re-invested a portion of the reallocated budget in
a cloud-based ITSM application that formalized the design, delivery and
monitoring of the organization’s complete portfolio of IT services. He
created SLAs with their stakeholders to quantifiably elevate the quality
of IT support. The team can now see exactly how their help desk actions
impact the department’s overall performance as well as how they are
being perceived as a team. As a result of this IT transformation, the IT
team’s internal satisfaction scores improved from 60% to now
consistently above 93%.
“We had a stale help desk environment and
were able to take the significant cost savings from switching to Rimini
Street support and directly invest these funds into a program of IT
modernization and transformation,” continued Sudduth. “I view Rimini
Street as a great partner that knows how to listen before suggesting
possible solutions. Our Rimini Street account team has been phenomenal.
The strides we’ve made together have helped position MWRD as a role
model for the utilities industry.”
Award-Winning Support for SAP and Oracle Licensees
As
with all Rimini Street clients, MWRD has an assigned Primary Support
Engineer (PSE) who has an average of 15 years’ experience in SAP
software and is backed by a team of functional and technical experts,
available 24/7/365. Clients also receive the Company’s industry-leading
service level agreements (SLAs) with a guaranteed response time of 10
minutes for critical (P1) issues. In addition, MWRD now receives
guaranteed support from Rimini Street for its current SAP software
releases for a minimum of 15 years without any required upgrades or
migrations.
“MWRD experienced what thousands of SAP and Oracle
licensees face today – a forced march to the vendor’s next release just
to stay fully supported, regardless of whether or not such a significant
investment has a clear ROI today, or in the future, for the
organization,” said Seth A. Ravin, Rimini Street CEO. “By switching to
Rimini Street Support, MWRD was able to liberate significant financial
and labor resources that were used to achieve its aggressive goal of IT
modernization.”
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, more than 3,500 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.
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 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 duration of and economic, operational and financial
impacts on Rimini Street’s business of the COVID-19 pandemic, as well as
the actions taken by governmental authorities, clients or others in
response to the COVID-19 pandemic; catastrophic events that disrupt
Rimini Street’s business or that of its current and prospective clients,
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 in
the government inquiry or any new litigation; Rimini Street’s need and
ability to raise additional equity or debt financing on favorable terms
and Rimini Street’s ability to generate cash flows from operations to
help fund increased investment in Rimini Street’s growth initiatives;
the sufficiency of Rimini Street’s cash and cash equivalents to meet its
liquidity requirements; the terms and impact of Rimini Street’s
outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and
regulations; competitive product and pricing activity; difficulties of
managing growth profitably; the customer adoption of Rimini Street’s
recently introduced products and services, including its Application
Management Services (AMS), Rimini Street Advanced Database Security, and
services for Salesforce Sales Cloud and Service Cloud products, in
addition to other products and services Rimini Street expects to
introduce in the near future; the loss of one or more members of Rimini
Street’s management team; uncertainty as to the long-term value of
Rimini Street’s equity securities; and those risks discussed under the
heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q
filed on August 5, 2020 and as updated from time to time by 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.
© 2020 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
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or association with any such trademark holder or other companies
referenced herein.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201012005007/en/
Contacts
Michelle McGlocklin
Rimini Street, Inc.
+1 925 523-8414
mmcglocklin@riministreet.com
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Wednesday, October 14, 2020
Metropolitan Water Reclamation District of Greater Chicago Switches to Rimini Street Support for Its SAP Applications
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