ROSELAND, N.J., Oct. 4, 2012 /PRNewswire/ -- ADP ®, a leading global provider of Human Capital Management (HCM) services, today announced that it has reached a new milestone with the implementation of its 30,000th HCM client. ADP's cloud-based HCM solutions, which elevate human resources (HR) to a more strategic role by automating HR, talent management, benefits, payroll, time and attendance and reporting processes, are now among the fastest selling in the history of the HCM marketplace.
The rapid adoption of ADP's Human Capital Management solutions has been fueled by growing demand among midsized and large organizations seeking a single solution from one vendor that can provide management with a 360-degree view of their organization, enabling them to make better informed decisions about their current and prospective workforce. Analyst firm IDC estimates the Worldwide HR Management Services market at $71.6 billion for 2012, with a 5-year CAGR through 2016 of 3.9 percent.1
"A roster of more than 30,000 cloud-based HCM clients speaks to ADP's expertise in delivering a broad solution to the widest possible audience of employers," said Lisa Rowan, IDC Program Director for HR, Learning and Talent Management Strategies. "Regardless of size or industry, ADP has solutions to meet the needs of the market."
"Clients ranging from the largest Fortune 500 companies with multinational requirements to midsized businesses are increasingly choosing ADP to provide them with Human Capital Management solutions that are so critical in today's business environment," said Regina Lee, Division President, ADP. "The overwhelming reception to ADP's integrated, one-stop shop approach to managing multiple HR, payroll, talent benefits and time functions is a clear indicator that clients around the world are realizing demonstrable business results as a result of the efficiencies and productivity gained through ADP's Human Capital Management solutions."
ADP's Human Capital Management solutions can also include highly functional Talent Management tools, such as Talent Acquisition, Performance Management, Compensation Management, Succession Management and Learning Management. When integrated in an HCM solution, these tools can help enable organizations to tap into a pipeline of talent to consider during the hiring process, and a clear way to track them and to assess their lifetime business productivity. In addition, with the workforce analytics that ADP provides, access to HR data is easier than ever, helping practitioners rapidly deploy the right talent to address specific challenges across the business.
ADP Human Capital Management for Midsized Organizations:
Sarnova Inc., a medical products company in Columbus, Ohio recently selected ADP to replace its paper-based HR system when the company doubled in size to nearly 500 employees.
"It was the perfect time to bring everyone together and find the best processes for all of us," said Christy Gigandet, Senior HR Partner at Sarnova. "With ADP, it was a simple transition and we didn't have to worry about HR integration with payroll or time and attendance because it was already part of the solution."
ADP Human Capital Management for Large Organizations:
Tower Group, Inc., through its subsidiaries, provides commercial, specialty and personal property and casualty insurance products and services to businesses in various industries and to individuals in the United States. The company selected ADP to supply an integrated Human Capital Management solution for its more than 1,400 employees.
"We selected ADP after an intensive search for a single unified Human Capital Management solution that could meet the diverse needs of our growing workforce," said Theresa Rogers, Human Resources Information Systems Manager at Tower Group. "We evaluated other solutions, but they could not compete with ADP's unique combination of technology, service and true integration through a unified structure. ADP's Human Capital Management approach is a breakthrough for managing and finding efficiencies in large workforces."
Overall, ADP has more than 250,000 clients and 18 million users leveraging its cloud-based platforms.
PWC Study: The Hidden Reality of Payroll & HR Administration Costs
An ADP-sponsored industry study by PwC found that outsourcing multiple HR functions to a single vendor can reduce an organization's costs by 24 percent on average. The study also revealed that outsourcing, and not simply moving to SaaS, is the real catalyst for achieving greater efficiencies and cost savings in the HR function. A complimentary copy of "The Hidden Reality of Payroll & HR Administration Costs" study can be obtained at www.adp.com/tco2011.
About ADP Automatic Data Processing, Inc. (NASDAQ: ADP), with more than $10 billion in revenues and approximately 600,000 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 resource, 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, reach us at 1.800.225.5237 or visit the company's Web site at www.adp.com.
- IDC Worldwide and U.S. HR Management Services 2012-2016 Forecast, doc #234583, May 2012