() is the largest provider of computerized transaction processing and information-based solutions serving more than 570,000 clients worldwide. ADP Employer Services provides human resources, benefits administration, CRM, ERP, eCommerce, and payroll solutions for companies of all sizes throughout the U.S. and in major markets around the world. ADP Dealer Services provides integrated dealer management system (DMS) solutions to automotive, heavy truck, motorcycle, marine and RV dealers and manufacturers in North America.
ADP was founded in
1949 by
Henry Taub in
Paterson ,
New Jersey as . 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 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 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.
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, Tax and Compliance Management, Benefits Administration, Screening and Selection Services, and Administrative Service Offerings (ASO). ADP's payroll services are so widespread that one in six Americans working in the private sector have their paychecks processed by the company.
College Savings Boosted by ADP's 529 Payroll Deduction Program
In
1972 , Dealer Services was created for automobile dealer front end management, business office, parts and service departments. To date ADP maintains three lines of
DMS solutions: the
ARG ,
w.e.b.Suite , and Elite.
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.
ADP Completes Spin-off of Brokerage Services Group Business
- ADP is one of only six companies in North America AAA rated by both S&P and Moody's
- In 2006 ADP ranked #2 on InformationWeek 500
- Forbes lists ADP as one of the 400 Best Big companies
- FORTUNE ranks ADP #271 on 2006 list of FORTUNE 500 largest US companies
