Profile: Automatic Data Processing Inc (ADP.OQ)
18 Aug 2017
Automatic Data Processing, Inc. (ADP), incorporated on June 12, 1961, is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services. The Company markets its solutions primarily through its direct sales force. Employer Services also markets its solutions through indirect sales channels, such as marketing relationships with banks and certified public accountants, among others.
The Employer Services segment offers a range of human resources (HR) business process outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, talent management, HR management, time and attendance management, insurance services, retirement services, and tax and compliance services. Employer Services serves clients ranging from single-employee small businesses to enterprises with multinational operations.
ADP provides a range of solutions, through a software- and service-based delivery model, which businesses of various sizes can use to recruit, staff, pay, manage and retain employees. ADP has also opened access to developers and system integrators through certain of its platforms' application programming interface libraries. Its suite of HCM products offers solutions to assist employers of all sizes in various stages of the employment cycle, from recruitment to retirement, including RUN Powered by ADP, ADP Workforce Now, ADP Vantage HCM and ADP GlobalView HCM. Outside the United States, ADP offers HCM solutions on local, country-specific platforms. These suites of services offer various combinations of payroll, HR management, time and attendance management, and talent management, depending on the country in which the solution is provided. ADP provides payroll services to employers of various sizes, including the preparation of employee paychecks, pay statements, supporting journals, summaries, and management reports.
ADP provides employers with a range of payroll options, including entering their payroll data online with an Internet-based solution or through a mobile device, and outsourcing their entire payroll process to ADP. In the United States, ADP provides solutions for outsourced employee benefits administration. Employee benefits administration options in the United States include health and welfare administration, spending account management (healthcare spending accounts, dependent care spending accounts, health reimbursement arrangements, health savings accounts, commuter benefits, and employee reimbursement services), Consolidated Omnibus Budget Reconciliation Act (COBRA) administration, direct bill services, leave administration services, insurance carrier enrollment services, employee communication services, and dependent verification services. In addition, ADP benefits administration solutions offer employers a cloud-based eligibility and enrollment system that provides their employees with tools, communications and other resources.
ADP's Talent Management solutions simplify the talent acquisition and performance management process from recruitment to ongoing employee development. ADP's Human Resources Management Solutions provide employers with a single system of record to support the entry, validation, maintenance, and reporting of data required for HR management, such as employee names, addresses, job types, salary grades, employment history, and educational background. ADP's Human Resources Management Solutions can also be combined with ADP's Talent Management Solutions and other HCM offerings. ADP offers multiple options for employers of various sizes to collect employee time and attendance information, including electronic timesheets, badge cards, biometric and touch-screen time clocks, telephone/interactive voice response, and mobile smartphones and tablets.
ADP's Insurance Services business, in conjunction with its licensed insurance agency, Automatic Data Processing Insurance Agency, Inc., facilitates access in the United States to workers' compensation and group health insurance for small and mid-sized clients through a range of insurance carriers. ADP's automated Pay-by-Pay premium payment program calculates and collects workers' compensation premium payments each pay period in order to simplify this task for employers. ADP Retirement Services offers a 401(k) plan program, which provides recordkeeping and administrative services, combined with an investment platform offered through ADP Broker-Dealer, Inc. that gives its clients' employees access to a range of investment options and online tools to monitor the performance of their investments. ADP Retirement Services also offers trustee services through a third party.
The Company's tax and compliance services include ADP SmartCompliance, ADP SmartCompliance Employment Tax, ADP SmartCompliance Wage Payments, ADP SmartCompliance Tax Credits, ADP SmartCompliance Wage Garnishments, ADP SmartCompliance Unemployment Claims, ADP SmartCompliance Employment Verification and ADP Health Compliance. In the United States, the ADP SmartCompliance solution integrates client data delivered from ADP integrated HCM platforms or third-party payroll, HR and financial systems into a single, cloud-based platform enabling clients to consolidate their data in one location. As part of ADP's employment tax services in the United States, ADP prepares and files employment tax returns on its clients' behalf with federal, state, and local tax agencies. In the United States, in addition to ADPCheck, ADP's traditional payroll check offering, ADP offers electronic payroll disbursement options that can be integrated with the client's payroll systems and ERP applications.
ADP offers an integrated solution to help its clients manage the wage garnishment process through integration with their payroll systems. In the United States, ADP helps employers process and submit required correspondence and responses to federal and state agencies, courts and third parties. In addition, ADP's Wage Garnishment services in the United States include wage garnishment order evaluation and processing, disbursement services and a call center to field garnishment-related inquiries from employees, payees, and other third parties. ADP offers a single-source solution to help manage the entire unemployment claims process in the United States, including pre-separation planning, claim protests and administration, appeal processing, hearing representation, and audits of benefit charges. ADP offers an automated solution to provide credentialed verifiers with information to verify employment and income, such as when an employee applies for a loan, credit card, lease or government assistance. ADP Health Compliance helps businesses manage crucial employer-related elements of the United States Patient Protection and Affordable Care Act, including determining offer of coverage eligibility, assessing affordability, and providing a regulatory management solution.
Professional Employer Organization Services
ADP TotalSource, ADP's PEO business, offers small and mid-sized businesses a HR outsourcing solution through a co-employment model. As a PEO, ADP TotalSource provides HR management services while the client continues to direct the day-to-day job-related duties of the employees. ADP TotalSource combines HR management and employee benefits functions, including HR administration, employee benefits, and employer liability management, into a single-source solution: HR Administration. ADP TotalSource offers a range of HR administration services, such as employee recruitment and selection, payroll and tax administration, time and attendance management, benefits administration, employee training and development, online HR management tools and employee leave administration.
Through the co-employment model, ADP TotalSource provides eligible worksite employees with access to group health, dental and vision coverage; a 401(k) retirement savings plan; health savings accounts; spending accounts; group term life and disability coverage, and an employee assistance program. ADP TotalSource provides a workers' compensation program; unemployment claims management; safety compliance guidance and access to safety training, and access to employment practices liability insurance.
Automatic Data Processing Inc
1 Adp Blvd
ROSELAND NJ 07068-1728
Company Web Links
- Ackman's Pershing Square says ADP needs to streamline, modernize |
- UPDATE 3-Ackman's Pershing Square says ADP needs to streamline, modernize
- BRIEF-Automatic Data Processing comments on Pershing Square investor presentation
- BRIEF-Hedge fund manager Robert Chapman says he is "short" on Automatic Data Processing - CNBC
- Pershing Square's Ackman says ADP needs to streamline