ADP Recognized As Highest-Positioned Leader and Star Performer in Multi-Country Payroll Outsourcing by Everest Group
Posted by: on 11 September 2017 in ADP News
Everest Group® has identified ADP® as the highest-positioned vendor in Multi-Country Payroll Outsourcing (MCPO) in its 2017 Everest Group PEAK Matrix™ report. After assessing 13 service providers across the key dimensions of market success and delivery capability, the analyst firm recognized ADP as the highest-positioned “Leader” and a “Star Performer.”
Everest Group’s PEAK Matrix is a framework designed to provide an objective, data-driven, and comparative assessment of MCPO service providers based on factors including scale, scope, technology and innovation, delivery footprint and overall market success. It classifies providers into Leaders, Major Contenders, and Aspirants. The assessment also designates Star Performers based on positive year-on-year movement on the PEAK Matrix.
Among ADP’s strengths, Everest Group noted that ADP offers wide country coverage serving 112 countries with products including ADP’s GlobalView® HCM and ADP Streamline®. It also highlighted ADP’s strong focus on analytics and consumerism offering employees and managers greater insights and a superior user experience.
“ADP continues to excel in global payroll services occupying the highest market share in terms of revenue and highest number of pay slips processed,” said Anil Vijayan, practice director at Everest Group. “As the largest multi-country payroll outsourcing provider in the world, ADP’s solutions meet the needs of small and large enterprise businesses worldwide and it’s continuing to invest in expanding its geographic footprint. In addition, when it comes to technology and innovation, ADP is on the cutting edge with tools such as predictive analytics and benchmarking powered by the ADP® DataCloud.”
The research report also cited ADP’s global sourcing model, which enables it to deliver multi-country payroll services in an efficient and cost-effective manner. Since Everest Group began its MCPO assessment four years ago, ADP has continually been recognized as a “Leader.”
“We’re delighted that Everest Group has recognized ADP’s commitment to providing an enhanced user experience, and innovative reporting and analytics for our global payroll clients,” said Ed Flynn, president of ADP’s Global Enterprise Solutions. “Multinational companies continue to be challenged when managing payroll for an increasingly global workforce, especially given the critical need to remain compliant with complex local tax and labor laws. We’re proud that our solutions help simplify global payroll so employers can focus on driving meaningful business results and building better workforces.”
For more details on the Everest Group report, read an excerpt here.