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ADP Automatic Data Processing Inc NYSEAUDADP is one of the largest independent computing services firms in the world with more than 45 billion in annual revenues and more than 425000 clients Founded in 1949 ADP provides computerized transaction processing data communications software and information services to companies in virtually every industry ADP Employer Services is the worlds largest provider of payroll services and human resource administration systems It offers a comprehensive range of benefits payroll and business tax deposit and reporting time and attendance 401k recordkeeping and unemployment compensation and management services In addition ADP provides securities transaction processing and investor communications services to the brokerage and financial communities industry-specific computing and consulting services to auto and truck dealers and computerized automated auto-repair estimating and auto parts availability services to the auto-repair industry I picked ADP to analyze because their Dealers Services Group is a major player in the same industry as the company I work for ABMC Inc Automotive Business Management Consultants Inc Computerized automated management for auto and truck dealers is big business and there is stiff competition for dealers business Because of ADPs size and diverse corporate structure it is difficult to make comparisons with ABMC Inc We are still very small with only 38 employees and about 1000 dealers In addition ABMC Inc is still privately owned with no outstanding security issues Automotive related software is our only business as well ADP is quite diversified and their Dealer Service Group provides only 15 of the companys total revenueOver 18000 auto and truck dealers in the United States Canada Europe Asia and Latin America use ADPs on-site systems and communications networks to manage virtually every are of operations From parts sales to repair service to new vehicle to sales to bookkeeping ADP systems and services target every aspect of the auto dealership ADP has a remarkable record of earning growth In July of 1996 it was published that ADP is the only
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