Marc Rind, Chief Data Scientist
Technological advancements aimed at simplifying operations have permeated every sector. Initiatives to drive automation in the finance and human resource management sectors are no exceptions. However, incidentally, payroll continues to remain one of the most manually intensive processes in HR and finance. Manual data entry—even for minor, mundane tasks— makes payroll processing highly inefficient and prone to human errors. Besides, traditionally used payroll solutions often fail to accommodate specific business requirements, forcing organizations to use different applications for managing different payroll needs. On top of that, new and ever-changing regulations and evolving employee expectations further add layers to an already complex payroll system.
Reinventing payroll processing is the human capital management behemoth Automatic Data Processing, Inc., better known as ADP
. Founded in 1949 as Automatic Payrolls, Inc., ADP came up with one of the first integrated payroll management systems with HR, taxes, employee benefits, and timekeeping rolled into a single software. Employing automation to save time and reduce errors, ADP has the flexibility to handle any pay scenario—from salaries to bonus payments to insurance premiums to wage garnishments to retirement—and offer various payment options for employees. ADP’s user-friendly online payroll system allows companies to store employee information on the cloud, eliminating data re-entry and making 24*7 easy access possible. Moreover, ADP also takes care of compliance and tax filing by staying up-to-date with federal, state, and local tax laws and regulations, in addition to providing expert support to companies with their payroll needs. “For over 70 years, ADP has served as a trusted human resources, payroll and benefits partner to employers around the world. Our mission is to provide insightful solutions that drive value and success for our clients by allowing them to focus on their business,” says Carlos Rodriguez, president and CEO, ADP.
Keeping in mind different payroll requirements for businesses of different sizes, ADP has come up with personalized payroll solutions suited to small, mid-sized, and large organizations. Realizing the need for compact, efficient, and affordable payroll solutions for small businesses, RUN Powered by ADP—ADP’s small business payroll solution—ensures clients pay only for solutions they need for the time being while having the option to add-on services later as their business grows. This certainly helps small businesses focus on growing their business while leaving all the technicalities of payroll management to ADP.
Our mission is to provide insightful solutions that drive value and success for our clients by allowing them to focus on their business
Similarly, for mid-sized and large businesses, ADP Workforce Now and ADP Vantage HCM— ADP’s mid-sized and large business payroll solutions, respectively— offer powerful analytics, global compliance, and customized payroll solutions in consultation with experts, apart from regular features like flexible payroll solutions, tax filing, and secured online access.
Dedicated to further easing the workload and reducing time and resources spent on managing payroll, ADP also provides organizations the option to outsource some or all payroll operations to ADP Comprehensive Services. To help companies reap the benefits of outsourcing payroll, ADP also arranges for a professional employer organization (PEO) to prevent any hiccups in the outsourcing process. As an add-on, the firm also provides Fortune 500 benefits to its client’s employees, highlighting its customer-centric approach.
Taking this customer-centricity further, ADP sends analytics and benchmarking data to its clients regarding the employment and payroll services it provides to them. ADP gathers all available data about its clients’ employees—earnings, job tenures, attrition rates, investments in retirement accounts, retirement age, and more—and makes it available on ADP’s cloud product ADP DataCloud, while maintaining absolute anonymity of employees. Notably, ADP gets this data from actual payroll records, unlike other salary surveys that tend to rely on self-reported data. By making such crucial data accessible to organizations, ADP helps them analyze and understand how they stand with other organizations.
Being a provider of such extensive customer-oriented services, it’s no wonder that ADP continues to be a behemoth in the payroll management industry, offering cutting-edge integrated HCM and payroll services. With millions of employees scattered throughout the globe and more than 700,000 clients spread across 140 countries, ADP continues to look forward to delivering innovative, tailor-made tech solutions to assist them in easing their payroll processing woes. “We’re excited about the future and are committed to making positive contributions— today and tomorrow—that will benefit the world in which we live and future generations alike,” concludes Rodriguez.