Enters Procure-to-Pay Market With New Accounts Payable Solution
ADP (http://www.adp.com/) @, a leading provider of outsourced HR (http://www.adp.com/solutions/employer-services/human-resources. spx ) , payroll, and benefits administration services, today announced it has completed its acquisition of DO2 Technologies Inc., of Calgary, Alberta, a leading provider of electronic-invoicing solutions.
The technology acquired from DO2 Technologies simplifies the procure-to-pay function, from purchase order integration and transaction processing to discount management, price compliance, approvals workflow, and payment. The solution is delivered through a Software-as-a-Service (SaaS) model, enabling quicker ramp-up and a lower cost of ownership.
"The acquisition of DO2 Technologies allows ADP to help finance professionals better run their day-to-day operation, while offering greater visibility and the ability to focus on strategic initiatives to drive business results," said Kathy Amooi, Senior Division Vice President and General Manager for ADP's Tax and Financial Services business.
ADP's tax and financial services solutions include payroll, tax filing, payment solutions, garnishment services, unemployment compensation management, tax credit services, sales tax automation, and accounts payable.
Automatic Data Processing, Inc. (NASDAQ: ADP), with nearly $9 billion in revenue and about 570,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging 60 years of experience, ADP offers the widest range of HR, 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 and recreational vehicle 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 (http://www.adp.com/) .