Automatic Data Processing

Infobox_Company
company_name = Automatic Data Processing, Inc.
company_
company_type = Public (NYSE|ADP)
company_slogan = "The Business Behind Business"
foundation = Paterson, New Jersey, USA (1949)
location = Roseland, New Jersey, USA
key_people = Gary C. Butler, President & CEO
Arthur F. Weinbach, Chairman
S. Michael Martone, COO
Christopher R. Reidy, CFO [ [http://www.investquest.com/iq/a/adp/mgt/adpmgt.htm ADP Directors and Corporate Officers] ]
num_employees = 42,000 (2006)
industry = Business Process Outsourcing
revenue = profit US $7 billion USD (2006) [http://www.adp.com/about.asp]
net_income = profit US $1.07 billion (2006) [http://finapps.forbes.com/finapps/jsp/finance/compinfo/IncomeStatement.jsp?tkr=ADP]
homepage = [http://www.adp.com/ www.adp.com]

Automatic Data Processing, Inc. (NYSE|ADP) ADP, is a global provider of integrated computing, and business outsourcing solutions for auto, truck, motorcycle, marine and recreational vehicle dealers. ADP has nearly $8 billion in revenues [ [http://www.investquest.com/iq/a/adp/fin/annual/adp07ar.pdf Automatic Data Processing (ADP) 2007 Summary Annual Report (pg. 3)] ] and approximately 585,000 clients [ [http://www.investquest.com/iq/a/adp/fin/annual/adp07ar.pdf Automatic Data Processing (ADP) 2007 Summary Annual Report (pg. 1)] ] . ADP offers a range of HR, payroll, tax and benefits administration solutions. ADP is headquartered in Roseland, New Jersey. [ [http://finance.yahoo.com/q/pr?s=adp Automatic Data Processing, Inc. (ADP)] , Yahoo! Finance. Accessed July 14, 2008.]

History

ADP was founded in 1949 by Henry Taub in Paterson, New Jersey as Automatic Payrolls, Inc. The first ADP office, above Grinker’s Ice Cream shop, processed payroll manually with a bookkeeping machine, addressograph equipment, calculators and comptometers. The company's first full-time salesman was future U.S. Senator Frank Lautenberg. [ [http://www.investquest.com/iq/a/adp/main/archives/anniversary.htm# ADP Investor Relations--50 Year History, 1949-1999] ] The company’s first account was New Era Dye and Finishing in Fair Lawn, New Jersey. With the introduction of punch card machines, mainframe computers and check printing machines, Automatic Payrolls became Automatic Data Processing in 1958. [citebook|title=The Computer Industry |author= Jeffrey R. Yost|year= 2005|publisher=Greenwood Press|id=ISBN 0313328447|url= http://books.google.com/books?vid=ISBN0313328447&id=Tv8gZvoWNzIC&pg=PA116&lpg=PA116&ots=iq3QY70seF&dq=%22Automatic+Data+Processing%22+New+Jersey+1949&ie=ISO-8859-1&output=html&sig=xLj8NxdrauDMZB416tzupJHnyUU]

ADP became a public company in 1961, with an initial stock price of $3. In the next year, Brokerage Services division was developed to serve the high volume transaction needs of major stock brokerages on Wall Street. The company proceeded to offer Dealer Services to automotive dealers to handle inventory and accounting transactions. In 1974, ADP extended into the international market with an office in The Netherlands,and London and later in the decade added Claims Services. [citebook|title=ADP 50th Anniversary Book |author= Edward J. Kanarkowski|year=1999|publisher=ADP|id=|url=http://www.investquest.com/iq/a/adp/main/archives/50th_Anniversary_Book.pdf]

Today ADP employs more than 42,000 associates globally providing business solutions for more than 570,000 companies of all sizes – small, mid-market and enterprise.

ADP is one of the world's largest providers of business outsourcing solutions, with operations in many countries.

Business Units

GlobalView

ADP GlobalView is the newest division, and provides outsourced human resource services. The division's operations are in centred in 3 locations: France (Europe), Australia (Asia/Pacific), and Canada (Americas).

Employer Services

The Employer Services business unit is the oldest, largest and most profitable of ADP's divisions. It includes payroll processing, HR outsourcing, 401(k)/Retirement Services, Insurance Services, Professional Employer Organization (PEO), Time and Labor Management, Small Business Services (SBS),Tax and Compliance Management, Benefits Administration, Screening and Selection Services, and Administrative Service Offerings (ASO). Currently, one in six Americans working in the private sector have their paychecks processed by the company. [ [http://www.adp401k.com/_why_adp/pr_529payrolldeduction-09-2002.asp College Savings Boosted by ADP's 529 Payroll Deduction Program] ]

Dealer Services

In 1972, Dealer Services was created for automobile dealer front end management, business office, parts and service departments. ADP maintains three lines of DMS solutions ( [http://www.dealersuite.com/DSHome/ARG/index.jsp ARG] , [http://www.dealersuite.com/DSHome/ProductsServices/webSuite/index.jsp w.e.b.Suite] , and Elite), which are offered via on-site distributed model or in a hosted ASP Managed Service model. Additional products include CRM, Network services, OEM integration, IP-Telephony and Web marketing solutions. The Dealer Services division of ADP has $1.3B in annualized revenues and provides computing solutions to over 25,000 automotive retailers in 41 countries.

Claims Services

ADP's Claims Services was created to assist insurance companies with property and casualty claims, automotive recycling, and collision repair in 1979. This division was sold off because its growth potential was far less than the other divisions of the company.

Brokerage Services

This division of ADP was created in 1962 to service stock brokerages. Oppenheimer & Co. became the first client, averaging 300 trades per day. By 1999, ADP was processing over a million trades in a day. This business was spun off in 2007 into a company called Broadridge Financial Solutions (NYSE|BR), removing about $2 billion from ADP's total yearly revenue. [ [http://www.investquest.com/iq/a/adp/ne/news/adp033007br.htm ADP Completes Spin-off of Brokerage Services Group Business] ]

Recognitions

*In 2003, 2004 and 2005 ADP is one of the top 10 companies in North America AAA rated by both S&P and Moody's [ [http://www.investquest.com/iq/a/adp/fin/annual/03/adp03ar.pdf Automatic Data Processing (ADP) 2003 Summary Annual Report (pg. 6)] ] [ [http://www.investquest.com/iq/a/adp/fin/annual/04/adpar04.pdf Automatic Data Processing (ADP) 2004 Summary Annual Report (pg. 14)] ] [ [http://www.investquest.com/iq/a/adp/fin/annual/05/100067ADP_Web_r1.pdf Automatic Data Processing (ADP) 2005 Summary Annual Report (pg. 6)] ]
*In 2006 ADP ranked #2 on InformationWeek 500's top 250 Innovators [cite web |title=InformationWeek 500: Top 250 Innovators|format=pdf|url=http://i.cmpnet.com/infoweek/1105/2006top250.pdf|date=2006-09-11|accessdate=2007-09-22]
*In 2008 ADP was named to the Training Top 125 List by "Training" magazine. ADP ranked 20th and was one of only five first-time entrants that made it into the top 50 on the 2008 list. [cite web |title=Training Top 125: 2008|format=pdf|url=http://www.managesmarter.com/managesmarter/images/pdfs/trg_20080201_top125ranking.pdf|date=2008-02-06|accessdate=2008-02-18]

BZ Results

BZ Results (Automotive Dealer Services), winner of the 2006 “Innovative Company of the Year”, [ [http://www.autosuccessonline.com/LeaderShip.asp Sean Wolfington] . "AutoSuccess Magazine." Retrieved March 6, 2007.] [ [http://www.autosuccess.biz/mag/Dec05.pdf Auto Success magazine (pg. 8-10)] .] was purchased by ADP in 2006. cite web
url= http://wardsdealer.com/ar/auto_adp_bolsters_website/index.html
title=ADP Bolsters Website Efforts By Buying BZ
author= Cliff Banks
date= April 1, 2006
publisher=WardsAuto.com
accessdate=2006-12-26] At the time, BZ Results was valued at $125 million.

References

External links

Employer Services:
* [http://www.adp.com Automatic Data Processing (ADP)]
* [http://www.adpemploymentreport.com ADP Employment Report]
* [http://www.adp401k.com ADP 401k Retirement Services]
* [http://www.adpselect.com ADP Screening & Selection Services]
* [http://www.adptotalsource.com ADP TotalSource PEO Services]
* [http://www.adptaxware.com ADP Taxware]
* [http://www.smallbusiness.adp.com ADP Small Business Services - RUN Product] Automotive Dealer Services:
* [http://www.dealersuite.com ADP Dealer Services]
* [http://www.bzresults.com BZ Results, an ADP Company]