DubDubs is spot on with his analysis of ADP here. A few side-notes:
- Ultimate Software’s move to on-demand has been a threat to ADP. Ultimate has seen success in the market and their share price with the on-demand move.
- ADP has partnered with SAP at the high-end to play in HRO. They have quietly made significant gains in HRO and is considered one of the top 4 players (in terms of employees serviced) in HRO
- ADP has partnered with EmployEase at the low end to service customers with less than 1,000 employees
ADP, with the money-tree payroll engine, continues to make strides and savvy moves to continue their dominance.



