The company was established in the year 1949 and is headquartered in New Jersey, USA. Automatic Data Processing’s growth strategy aims at strengthening its outsourcing capabilities through different acquisitions and mergers. For instance, in August 2018, it completed the acquisition of the US based payroll management service provider, Celergo, to increase its payroll service capabilities.
This will enable Automatic Data Processing to increase its presence in the rapidly growing payroll outsourcing market. In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub. In 1957, Lautenberg, after successfully serving in sales and marketing, became a full-fledged partner with the two brothers. In 1961, the company changed its name to Automatic Data Processing, Inc. , and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees, and revenues of approximately $400,000 USD.
“This acquisition supports ADP’s broader strategy to expand its global footprint in human resources business process outsourcing across large and developing markets,” ADP officials said in a statement. US company Automatic Data Processing (News – Alert) has acquired Ma Foi Consulting Solutions’ Randstad Holding’s Indian payroll business. ADP has acquired it to access the high-growth human resources business process outsourcing markets. Automatic Data Processing, Inc. is an American provider of human resources management software and services. The global business processes outsourcing market is relatively fragmented, with a large number of small players.
Is ADP a software?
ADP’s payroll software easily syncs with time and attendance solutions and other human resource programs. So, from one place, you can manage not just payroll, but also benefits, employee absences, 401(k) contributions, insurance premiums and more.
NCO boasts several high-profile clients, where it delivers outsourced AR services, often as augmented offerings to existing shared services operations. The competitive landscape of the global BPO services market is changing as more and more mid-sized companies are fast-emerging.
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“Dedication to partnering with our clients and our broad HR, payroll and benefits offerings coupled with our ability to deliver world class service has led to our position as a leader in the HR BPO marketplace.” ADP is a global leader in Human Capital Management helping over 600,000 companies across the globe manage their most valuable asset — their employees. For 60 years, we’ve led the way in defining the future of business outsourcing solutions. We remain one of the world’s most innovative, diverse and admired companies to work for today. Our unmatched experience, deep insights, and cutting-edge technology have transformed human resources from a back-office administrative function to a strategic business advantage. In recent years, the MPHRO market has been relatively quiet in terms of contract announcements and H was no exception. However, my last MPHRO research study, published in February 2013, revealed that the market is very much alive with new wins and contract renewals from all the major vendors, including IBM and Accenture.
The company was founded in 1949 as a payroll processor, but today offers a wide span of outsourcing services, including benefits management, pre-employment background checks, retirement plan services and worker compensation. The vendor also produces software products for functions such as talent management, time and attendance and procure to pay . The company is now competing for global high-end HR BPO contracts, and has multiscope HRO engagements with clients such as Carmax, IKEA and Rhodia. Accenture plc was the second largest competitor in the business processes outsourcing market in 2018, with 2.89% share of the market. Accenture is a global professional services company, serving a broad range of services such as consulting, technology, and outsourcing services worldwide.
The company was incorporated in 2009 and is headquartered in Dublin, Ireland. Accenture’s growth strategy aims at investing in newer technologies to improve its client’s offerings. For instance, in April 2017, it acquired Genfour, a UK based private automation service provider. This acquisition enables Accenture to improve its client offerings with the use of intelligent automation that will help its clients to make better decisions and offer improved services to their customers.
Typical Requirements Of A Pbpo
WNS Limited, an Indian based BPO service provider, was the fastest growing emerging mid-size company in 2018. WNS was followed by KellyOCG, ManpowerGroup, Willis Towers Watson plc and EXL Service.
In September 1998, ADP acquired UK-based Chessington Computer Centre that supplied administration services to the UK Government. Automatic Data Processing, Inc. was the largest competitor in the global BPO services market in 2018, with a 4.88% market share. It is involved in offering Human Resource Outsourcing services and cloud based Human Capital Management solutions to its customers.
All these companies have bases in developing nations such as India and the Philippines. Even though one of the advantages of SaaS solutions is faster and “easier” implementations, it will still take buyers time and effort to standardize processes and data and to determine the configurations. Make sure that as a buyer, you know and plan for the skill and effort needed. Like BPO, experience says to consider a phased in rollout starting with one service / process and bring the learning forward to the rest of the implementation. Access to advanced services including employment branding, talent management, talent engagement, and integration with workforce planning.
- The vendor also produces software products for functions such as talent management, time and attendance and procure to pay .
- The company is now competing for global high-end HR BPO contracts, and has multiscope HRO engagements with clients such as Carmax, IKEA and Rhodia.
- The company was founded in 1949 as a payroll processor, but today offers a wide span of outsourcing services, including benefits management, pre-employment background checks, retirement plan services and worker compensation.
- Accenture plc was the second largest competitor in the business processes outsourcing market in 2018, with 2.89% share of the market.
ADP has been named a “Leader” in payroll business process outsourcing services by Gartner, the world’s leading information technology research and advisory firm. For a fifth consecutive year, ADP has secured the top spot in Gartner’s Payroll BPO Magic Quadrant report, which evaluated the capabilities of eight payroll service providers. NCO has steadily been focusing on developing offerings in reporting, analysis and budgeting areas, and now only needs to acquire a major capability in accounts payable services to boast a pretty impressive full-service F&A offering. What’s impressive about this expanding portfolio is the multiple geographic locations being developed, and the avoidance of over-reliance on India.
Highlights And Trends In The Hro Market For H1 2013: Part 1
May 12, 2004 (PLANSPONSOR.com) – Payroll and human resource outsourcing provider ADP is expanding its alliance with SAP AG to provide a more global benefits process outsourcing solution. ADP’s HR BPO offering, called Comprehensive Outsourcing Services , is designed for large U.S. clients and delivers fully integrated administrative solutions across a wide range of critical human resource functions. With 74 clients, including Credit Suisse, EMC and IHG , ADP’s COS solution now supports more than 650,000 employees in the U.S. alone. We provide payroll, global HCM and outsourcing services in more than 140 countries. Whether you operate in multiple countries or just one, we can provide local expertise to support your global workforce strategy. Aspire Systems is a global technology services firm serving as a trusted technology partner for our customers. We work with some of the world’s most innovative enterprises and independent software vendors, helping them leverage technology and outsourcing in our specific areas of expertise.
The top ten competitors in the market made up to 21.24% of the total market in 2018. However, this is expected to change during the forecast period between 2018 to 2022, as majority of the players are trying to grow inorganically by acquiring smaller companies to improve product portfolio and expand their geographical outreach. Automatic Data Processing, Inc. was the largest competitor with 4.88% of the market in 2018, followed by Accenture plc with 2.89%. As a Major Accounts CSDM, you are seen as a specialist, working with your Major Account Sales partner to cultivate new business opportunities by providing high level human capital management solutions. Your ability to partner effectively, manage a complex sales process, and use your high level of business acumen to connect our solutions to our clients business outcomes will define your success and lead you to ADP’s Presidents Club. Last year, ADP acquired privately held The RightThing, a leading recruitment process outsourcing provider. The RightThing acquisition not only broadened ADP’s market-leading HR BPO capabilities, but also complemented its existing applicant tracking and talent management solutions.
The company established a subsidiary in the United Kingdom in 1965. In 1970, Lautenberg was noted as being the president of the company. Also in 1970, the company’s stock transitioned from trading on American Stock Exchange to trading on the New York Stock Exchange. It acquired the pioneering online computer services company Time Sharing Limited in 1974 and Cyphernetics in 1975. Lautenberg continued in his roles as Chairman and CEO until elected to the United States Senate from New Jersey in 1982.
In fact, IBM recently won a new seven-year, multi-country MPHRO contract, which was bundled with F&A outsourcing services. Other wins include ADP and Marriott Vacations Worldwide for core HR, payroll, time & labor management and talent management covering ~9.2k employees. ADP is a leading provider of human resource outsourcing, payroll services, tax and compliance services, benefits administration and integrated computing solutions for vehicle dealers. Offered across the Asia-Pacific region since 2001, this outsourcing solution will be available worldwide to large-scale companies making regional or global decisions. From 1985 onward, ADP’s annual revenues exceeded the $1 billion mark, with paychecks processed for about 20% of the U.S. workforce. In the 1990s, ADP began acting as a professional employer organization . Around this time, the company acquired Autonom, a German company, and the payroll and human resource services company, GSI, headquartered in Paris.
I followed up with Anne Fitzpatrick, Moorepay managing director, for an update on how MoorepayHR, a cloud-based SaaS payroll and HR administration platform with BPO services, is doing one year after its launch in the U.K. Beyond HRO, the number of HR software contracts signed globally was up substantially compared to H1 2012. Last week, I zeroed in on specific market activity within the payroll, learning and RPO service lines. This week, I’ll take a closer look at H activity within benefits administration and MPHRO as well as provide some insights on what to expect in H based on NelsonHall’s recent HRO Confidence Index. Ma Foi Consulting Solutions offers managed payroll services and social benefits administration to clients across India through a fully customized payroll engine, serving about 350 multinational clients.