Automatic Data Processing

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Automatic Data Processing (ADP)

A private company that acts as an intermediary to perform proxy services for several banks and brokers. Distributes proxy material to beneficial owners, tabulates the returned proxies, and provides the Corporation or its tabulator compiled reports of the tabulation results. ADP also distributes quarterly reports and other corporate information to the beneficial owners.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Automatic Data Processing

A publicly-traded company that provides computing and outsourcing services. Primarily, it processes clients' payrolls, but it also provides services related to insurance, retirement accounts, and other services. One in every six Americans has his/her paycheck processed by ADP.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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Payroll services provider Automatic Data Processing, Inc. (ADP) (NASDAQ: ADP) said it has been awarded a contract by HP (NYSE: HPQ) to deliver a global payroll and time and labour management system for internal use by HP employees across 40 countries.
Weston '50, Chairman and CEO of Automatic Data Processing, Inc. (ADP).

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