ADP Named a Leader in Leading Analyst Firm’s Magic Quadrant for Payroll BPO Services
ADP’s Completeness of Vision and Ability to Execute Cited
ROSELAND, N.J. – June 25, 2012 – ADP®, a leading provider of human resource outsourcing and, payroll services, today announced that it has been positioned as a leader in Gartner’s first ever “Magic Quadrant for Payroll BPO Services.” [i]
The Gartner report evaluates the capabilities of 11 key vendors of payroll business process outsourcing services around the globe. Payroll business processing outsourcing (BPO) services consist of administrative support provided by an external party of some or all of the payroll processes historically administered internally by an employer.
“ADP provides payroll outsourcing solutions to organizations of all sizes, and in addition to strategically broadening and enhancing our human capital management solutions portfolio, we have continued to make the necessary investments to extend our leadership position in payroll processing,” said Regina Lee, Division President, ADP. “Our positioning within the ‘Leaders’ quadrant for payroll BPO services is a clear indication of our innovation in the areas of payroll processing innovation, tax and legislative compliance, operational excellence and client service.”
According to Gartner, the payroll BPO service market grew 5.2 percent in 2011 and is forecast to grow 1.4% worldwide in 2012. It is forecast to grow at a five-year compound annual growth rate of 3.3 percent through 2015.
According to the Magic Quadrant Study, more companies than ever look at payroll outsourcing as way to reduce HR costs quickly and enhance service levels to employees and managers. Gartner also sees more large enterprises looking at payroll BPO, especially for multi-country operations, as a way to place all global operations on a common platform, have access to consistent data analysis, and measure a provider (or providers) on a consistent basis across countries.
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Automatic Data Processing, Inc. (NASDAQ: ADP), with about $10 billion in revenues and approximately 570,000 clients, is one of the world’s largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resources, payroll, tax and benefits administration solutions from a single source. ADP’s easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, or visit the company’s website at www.ADP.ca.
Gartner “Magic Quadrant: Payroll BPO Services” by Morgan Yeates, June 18, 2012.