May 16, 2011 09:32 ET

HP Chooses Global Payroll Company Acrede to Deliver Its Payroll Services

JERSEY, BRITISH CHANNEL ISLANDS--(Marketwire - May 16, 2011) - Today Acrede announces a global alliance with HP to deliver worldwide trade payroll and HR technology and process services. While HP will continue to offer ERP based HR and payroll solutions, HP has chosen Acrede to complement their expanding HRBPO portfolio, as Acrede's solution offers cloud enterprise business process management software. This includes standard workflows for all aspects of transactional HR and payroll, an employee portal, a multi-lingual global payroll engine with an exchange module, for the dynamic exchange of documents and content on line. All of this is accessed via a biometric dongle, creating a secure 256 bit encrypted tunnel to the Acrede cloud servers, which can be accessed from any computer, anywhere in the world. Another key component of the relationship will be Acrede's ability to provide HR and payroll consulting and benchmarking services to HP's HRO clientele.

Mike Zovko from HP commented, "This payroll and HR solution enables HP to further enhance our services to clients globally. We are delighted to be working with Acrede and are impressed with the technology and services they offer."

Acrede's CEO, Karen Paterson added, "We are honored and very excited at the huge opportunity this brings to Acrede. We can deliver a truly global, cloud payroll solution, using the latest in software technology, and we are really looking forward to working with HP on many exciting projects worldwide."

Acrede brings together Karen's extensive experience with the latest advances in technology. By delivering a truly global HR & payroll solution, Acrede's software can be implemented quickly and cost effectively via the Software as a Service (SaaS) on demand model. It fits in with the most stringent international data security and compliance standards, such as Sarbanes Oxley and Sas70 Type II, and security is further ensured via a biometric USB stick, which recognizes each individual user's fingerprint.

About Acrede

Providing a global HR & payroll platform, Acrede delivers accuracy and efficiency using cloud technology. Acrede's software can be implemented quickly and cost effectively via the Software as a Service (SaaS) model. This global solution can scale up and down, and is integrated with business process management, so can adapt and add value to the growing needs of global organizations.

For more information about Acrede visit

About HP

HP was founded in 1939 by Stanford University classmates Bill Hewlett and Dave Packard. Today HP is a technology solutions provider to consumers, businesses and institutions globally and across industries. The company's offerings span information technology (IT) infrastructure, personal computing and access devices, global services, and imaging and printing. The basic business purpose of HP is to invent, engineer and deliver technology solutions that drive business value, create social value and improve the lives of customers.

With annual revenue of $126 billion (USD), HP ranks 10th on the U.S. Fortune 500, ranks 26th on the Global Fortune 500, and is one of the world's largest technology companies. HP provides sales and services in more than 170 countries and employs approximately 304,000 employees worldwide. HP corporate headquarters are located in Palo Alto, California.

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