ROSELAND, N.J., June 13, 2011 /PRNewswire/ --
ADP ®, a leading provider of human resource outsourcing,
payroll services, tax and compliance services, benefits
administration and accounts payable solutions, announced the launch
of ADP® Payments for its Procure-to-Pay Solutions(sm) platform. ADP
Payments allows companies to complete the automation of their
procure-to-pay cycle by initiating, controlling and monitoring
supplier payments electronically. The tight integration of the
payments functionality with ADP's invoice automation application
enables ADP to offer clients a seamless, end-to-end solution from
invoice to payment from a single platform.
"ADP Payments allows us to take two
ADP strengths – electronic invoice processing and payment
services – and bring them together into a holistic solution," said
Leon Busch, Vice President and
General Manager of ADP Procure-to-Pay Solutions. "This integrated
solution will resonate with our clients, who already rely on ADP to
move more than $1.3 trillion of funds
each year."
ADP Payments reduces clients' burden in the time-consuming,
multi-step payments process and draws on ADP's 60 years of
experience in outsourced payments processing. This allows companies
to focus on their core businesses while ADP takes over the
labor-intensive process of managing vendor data and making
payments. The solution easily integrates with clients' financial
and accounting systems and delivers the flexibility of paying
approved invoices via check or electronically, enabling buyer
organizations to pay virtually all of their suppliers from a single
system. Both electronic and paper invoices are paid quickly,
efficiently and accurately, while clients maintain total financial
control.
"Accounts payable departments continue to struggle with paper
documents and manual processes, from invoice receipt through
settlement. Those that have embraced automation of their payments
processes, however, have driven cost improvements 60 percent
greater than their peers," said Scott
Pezza, Senior Research Associate at Aberdeen Group. "For AP
departments that have completed the picture with true end-to-end
payments integration, the benefits include not only additional cost
and efficiency gains but also stronger bottom lines, thanks to
increased early-payment discount capture."
Key client benefits of ADP Payments include:
- Automation and simplification of the payment process
- Lower processing costs and reduction in manual effort
- Reduction in duplicate and erroneous payments
- Decreased risk of late fees resulting from missed payments
- Integration of early-payment discount terms into payment
schedules
- Complete visibility into invoice and payment status for buyers
and suppliers
- Removal of the burden of cost reconciliation from in-house
resources
For more information, please visit www.ADPinvoice.com.
About ADP
Automatic Data Processing, Inc. (Nasdaq: ADP), with nearly
$9 billion in revenues and about
550,000 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 HR, 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
and recreational vehicle dealers throughout the world. For more
information about ADP or to contact a local ADP sales office, reach
us at 1.800.225.5237 or visit the company's website at
www.ADP.com.
For more information, contact:
ADP Public Relations
(973) 974-7612
public_relations@adp.com
Nora Hayes, Weber Shandwick for
ADP
(952) 346-6164
nhayes@webershandwick.com
SOURCE Automatic Data Processing, Inc.