Press release from PR Newswire
ADP Helps Businesses with Affordable Care Act Requirements
Wednesday, September 04, 2013
ADP Helps Businesses with Affordable Care Act Requirements11:00 EDT Wednesday, September 04, 2013
Solutions Help Businesses of All Sizes Remain Compliant, Minimize Risk and Reduce Administrative and Operational Burdens
ROSELAND, N.J., Sept. 4, 2013 /PRNewswire/ -- ADP®, a leading global provider of Human Capital Management (HCM) solutions, today announced the availability of information, enhancements and solutions designed to help small, midsized and large businesses in the United States manage their compliance with the evolving requirements of the Affordable Care Act (ACA). ADP can help companies approach their ACA compliance strategically by providing solutions, resources and expertise around employee communications, eligibility, reporting and enrollment.
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"ADP sits at the intersection of payroll, time and attendance, and benefits administration. We process payroll for one in six Americans and manage benefits for more than 10 million American workers, which means we have the knowledge and resources to help businesses manage ACA compliance," said Carlos Rodriguez, President and CEO, ADP. "In fact, we've been helping our clients with ACA compliance since its enactment in 2010. As requirements continue to evolve, ADP will expand and enhance our solutions to help businesses stay compliant and avoid penalties associated with missed deadlines or incomplete information."
ADP Helps Businesses Comply with ACA RequirementsADP has been helping companies of all sizes navigate complex legislation and regulatory requirements for more than 60 years. With the Notice of Coverage Options deadline of October 1, 2013 less than a month away, ADP is continuing to help make it possible for clients to proactively manage ACA mandates.
- In 2013: ADP introduced enhancements to HCM platforms and enterprise resource planning (ERP) plug-ins, including a service that helps businesses communicate the Notice of Coverage Options, as well as functionality to support the employer "Shared Responsibility" mandate.
- In 2014: ADP will continue to release additional functionality and enhance the suite of ACA solutions designed to help businesses make critical decisions around applicability, employee eligibility, and public exchange communications.
- From 2015 ? 2018: ADP will help companies manage requirements and communications around the employer mandate and possible penalties, automatic plan enrollment, expanded insurance exchange availability, excise tax on high-cost coverage and other critical milestones. In addition, ADP will help automate reporting with the Internal Revenue Service (IRS).
In addition, ADP will continue to provide robust analytics that include benchmarking, decision support tools and dashboards to assist clients with taking a strategic, real-time view of ACA compliance and related activity.
As ACA guidance continues to be released, ADP will issue announcements regarding its flagship offerings, including ADP Vantage HCM® for large businesses, GlobalView global HCM, ADP Workforce Now® midsized business HCM, RUN Powered by ADP® small business payroll, tax and human resources, ADP Resource® small business administrative services organization (ASO), ADP TotalSource® small/midsized business professional employer organization (PEO), and ADP SmartComplianceSM for integration with payroll, HR and enterprise resource planning (ERP) systems.
For more information about how employers are managing the impact of the ACA or to subscribe to ADP Eye on Washington regulatory email alerts, please visit www.adp.com/health-care-reform.
About ADPWith more than $11 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) serves approximately 620,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and human capital management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). 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, recreational vehicle, and heavy equipment 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.
The ADP logo, ADP, ADP TotalSource, RUN Powered by ADP®, ADP Workforce Now®, and ADP Vantage HCM® are registered trademarks of ADP, Inc. ADP SmartCompliance(sm) is a service mark of ADP, Inc. Copyright © 2013 ADP, Inc.
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