January 24, 2006 09:00 ET

ADP Enters the Accounts Payable Market

Partnership With Harbor Payments for Automated Accounts Payable Solution Broadens and Differentiates ADP's Suite of Services

ROSELAND, NJ -- (MARKET WIRE) -- January 24, 2006 --ADP® (NYSE: ADP) Tax & Financial Services, part of the Employer Services (ES) division, a leading provider of integrated outsourced payroll, benefits, and human resource services, today announced the availability of an automated accounts payable management solution. This offering, delivered through an alliance with Harbor Payments, marks ADP's entry into providing services to the accounts payable market.

ADP's 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 organization for approval. Once approval is obtained the client can transmit electronic payments via EDI (Electronic Data Interchange), ACH (Automated Clearing House), purchasing card or check. Additionally, companies can outsource the printing of accounts payable checks to ADP.

ADP chose to partner with Harbor Payments, the leading provider of electronic invoicing, billing, and payment solutions, because of the company's extensive technology expertise and market relationships. Harbor Payments has a network of more than 150,000 vendors that provide electronic invoices versus paper, further expediting the accounts payable process.

Additionally, ADP's Automated Accounts Payable solution offers greater visibility into corporate expenses. Clients can improve their ability to manage working capital and better maintain compliance with Sarbanes-Oxley by posting expenses immediately. The automated accounts payable offering also provides an audit trail that details each step invoices take up to the final payment, further simplifying the compliance process.

"The Automated Accounts Payable solution achieves ADP's objective of expanding market opportunities by offering a broad range of services to meet the evolving needs of our clients," said Laurie Eldridge, Senior Divisional Vice President and General Manager, ADP Tax & Financial Services. "As the world's largest payroll services provider, we have extensive experience in money movement and back-office administration. Together, ADP and Harbor Payments offer a market leading accounts payable solution that leverages ADP's core competencies and complements ADP's other product offerings."

"This is truly a win-win as ADP's reach and prestige will help us grow our network of businesses transacting on our platforms, further powering and making global commerce more effective for all participants," said Ashish Bahl, CEO of Harbor Payments. "After the extensive vendor due diligence ADP went through, we are honored to have been selected as the winner, a trusted partner to provide a first-class, scalable service to ADP and its clients," he concluded.

For more information about ADP's Automated Accounts Payable solution, please contact ADP at 1.866.717.9945.

About ADP

Automatic Data Processing, Inc. (NYSE: ADP), with $8.5 billion in revenues and approximately 590,000 clients worldwide, is one of the largest providers of a broad range of premier, mission-critical, cost-effective transaction processing and information-based business solutions. ADP Employer Services (ES), a division of ADP, Inc., offers the widest range of HR, payroll and benefit administration solutions from a single source, to meet the extensive business needs of employers worldwide. Built with more than 50-years of industry experience, ADP ES' cost-effective, easy-to-use solutions provide superior value to companies of all sizes. More than 518,000 companies trust ADP ES for unparalleled service and compliance expertise, which allows them to focus on other core activities. For more information about ADP ES or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at

About Harbor Payments

Harbor Payments is the leading full-cycle corporate payments management company focused on electronic outsourced invoicing, billing, and disbursement solutions for the Global 1000. The company's products, services, and insight enable organizations to manage cash flow more effectively by efficiently sending and receiving invoices, making and collecting payments, and managing all associated internal workflows. While transforming and streamlining the client organization's operational and financial processes, Harbor Payment's products and services adapt to and complement each client's existing information systems and accounting applications. The Company's solutions are marketed under the brands of Invoice Harbor, Billing Harbor, and Payments Harbor. For more information, please visit the company's web site at

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