Automatic Data Processing, Inc. 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 and approximately 585,000 clients. ADP offers a range of HR, payroll, tax and benefits administration solutions. ADP is headquartered in Roseland, New Jersey.
ADP was founded in 1949
by Henry Taub
, 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
. 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.
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.
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.
ADP GlobalView is the newest division, and provides outsourced human resource services. The division's operations are in centred in 3 locations: France
(Asia/Pacific), and Canada
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.
, Dealer Services was created for automobile dealer front end management, business office, parts and service departments. ADP maintains three lines of DMS
solutions ( ARG
, 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.
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.
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
removing about $2 billion from ADP's total yearly revenue.
- 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
- In 2006 ADP ranked #2 on InformationWeek 500's top 250 Innovators
- 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.
BZ Results (Automotive Dealer Services), winner of the 2006 “Innovative Company of the Year”, was purchased by ADP in 2006. At the time, BZ Results was valued at $125 million.
Automotive Dealer Services: