ADP debuts in the accounts payable market

Corporate IT Update, Jan 25, 2006

CORPORATE IT UPDATE-(C)1995-2006 M2 COMMUNICATIONS LTD

ADP Tax & Financial Services, part of the Employer Services (ES) division of Automatic Data Processing Inc (NYSE:ADP) and a provider of integrated outsourced payroll, benefits and human resource services, announced on Tuesday (24 January) the availability of an automated accounts payable management solution.

This offering marks ADP's entry into providing services to the accounts payable market. It will be delivered through an alliance with Harbor Payments, a full-cycle corporate payments management company.

According to ADP, its Automated Accounts Payable solution allows companies to streamline their payables processes from invoice capture, routing, approval and matching, to electronic payment execution. Once an invoice is received it is scanned into the system and routed within the client organisation for approval. After obtaining the approval, the client can transmit electronic payments via EDI (Electronic Data Interchange), ACH (Automated Clearing House), purchasing card or cheque. Companies can also outsource the printing of accounts payable cheques to ADP.

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