HP and Oracle Partner with Commonwealth of Kentucky to Deploy Comprehensive Tax System

PALO ALTO, Calif.--(Business Wire)--
HP (NYSE:HPQ) and Oracle (Nasdaq:ORCL) today announced the Commonwealth of
Kentucky has deployed a new Comprehensive Tax System (CTS) designed to improve
revenue administration and collection functions for its Department of Revenue,
Finance and Administration Cabinet.

The system officially went live on Aug. 21 in support of the Commonwealth`s tax
modernization program with immediate plans for delivering improvements to the
Coal Severance Tax process. This process provides more than $230 million in
revenue to the Commonwealth each year. HP Enterprise Services is using the
Oracle Enterprise Taxation Management application and Oracle Database to
facilitate the modernization effort.

"The combined efforts of the Commonwealth, HP and Oracle have provided Kentucky
with an enhanced tax system purposed to increase taxpayer satisfaction while
streamlining state revenue collection," said Tom Miller, commissioner of the
Commonwealth of Kentucky.

The CTS is designed to improve user experience for taxpayers, reduce fraud and
enable timely collection, reporting and interpretation of tax information.

The Oracle Enterprise Taxation Management application is a secure, tax-specific,
commercial off-the-shelf software solution with tools for site-specific
customization. It enables improved integration with other enterprise systems and
will allow the Commonwealth to consolidate tax processing functions.

"The new tax system is designed to help the Kentucky Department of Revenue
enhance its citizen-centric services while allowing the Commonwealth to improve
tax administration and collection efficiency," said Dennis Stolkey, senior vice
president, U.S. Public Sector, HP Enterprise Services. "We are proud to serve
the Commonwealth of Kentucky by deploying a comprehensive tax system designed to
deliver process improvements to the Kentucky government and its taxpayers."

The next major CTS deployment planned will include the development of a taxpayer
portal to enable taxpayers to register businesses, file returns, make payments
and make account inquires online. Future releases of the system are planned to
support sales, withholding, corporate and individual income taxes.

"Oracle is committed to delivering the flexibility and cost savings tax agencies
need to improve efficiency while enhancing citizen services," said John Andrus,
vice president, Tax Global Business Unit, Oracle. "The Commonwealth`s new
Comprehensive Tax System is being deployed in a phased approach in order to
reduce risk and it is designed to enable faster response to tax law and
regulatory changes, reduce system support costs, improve taxpayer assistance and
increase productivity."

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