Fiserv and ADP: Empowering Small Business Success
Tuesday, Nov 19, 2024 12:38 pm ET
4min read In a strategic move to bolster their offerings for small businesses, Fiserv, Inc. (NYSE: FI) and ADP (Nasdaq: ADP) have announced a partnership that combines their respective strengths in payments, cash management, and payroll solutions. This alliance aims to create an all-in-one platform that addresses the critical operational needs of small business owners, with a focus on streamlining payroll, cash management, and payment processes.
Fiserv, a global leader in payments and financial technology, brings to the table its preeminent small business solutions, including Clover and CashFlow Central. Clover is a comprehensive small business management platform that offers a range of features, such as point-of-sale systems, invoicing, and inventory management. CashFlow Central, an integrated accounts payables and receivables management platform, enables small business owners to efficiently manage their cash flow.
ADP, a leading global technology company providing human capital management (HCM) solutions, contributes its industry-leading small business payroll and HR solution, RUN Powered by ADP. RUN offers a comprehensive suite of payroll, HR, and benefits administration services, designed to simplify workforce management for small businesses.
Through this partnership, Fiserv and ADP will offer U.S.-based small businesses access to an integrated, all-in-one solution that combines the full power of RUN Powered by ADP and the Clover small business management platform. Additionally, CashFlow Central will be available to RUN and Clover clients, further enhancing the platform's capabilities in cash flow management.
Frank Bisignano, Chairman, President, and Chief Executive Officer of Fiserv, expressed his enthusiasm for the partnership: "This strategic partnership with ADP furthers our commitment to building out an integrated solution that meets the unique needs of today's small business owner." Maria Black, President and CEO of ADP, echoed this sentiment, stating that the collaboration advances their ability to serve the millions of small businesses that drive the U.S. economy.
The integration of Fiserv's and ADP's platforms addresses a significant market demand, as 87 percent of small business owners are interested in a single, easy-to-use business management system (Fiserv research). By combining their respective strengths, Fiserv and ADP aim to empower small businesses to focus on growth and success, rather than being burdened by complex operational tasks.
As the partnership begins this quarter, with services to be rolled out in early 2025, small business owners can look forward to a more streamlined and efficient way to manage their payroll, cash flow, and payment processes. This integrated solution promises to be a game-changer for small businesses, enabling them to better navigate the complexities of modern commerce and thrive in an increasingly competitive landscape.
In conclusion, the strategic partnership between Fiserv and ADP is a significant development in the small business management software market. By combining their respective strengths in payments, cash management, and payroll solutions, the two industry leaders aim to create an all-in-one platform that addresses the critical operational needs of small business owners. As the partnership progresses, small businesses can expect a more streamlined and efficient way to manage their payroll, cash flow, and payment processes, ultimately empowering them to focus on growth and success.
Fiserv, a global leader in payments and financial technology, brings to the table its preeminent small business solutions, including Clover and CashFlow Central. Clover is a comprehensive small business management platform that offers a range of features, such as point-of-sale systems, invoicing, and inventory management. CashFlow Central, an integrated accounts payables and receivables management platform, enables small business owners to efficiently manage their cash flow.
ADP, a leading global technology company providing human capital management (HCM) solutions, contributes its industry-leading small business payroll and HR solution, RUN Powered by ADP. RUN offers a comprehensive suite of payroll, HR, and benefits administration services, designed to simplify workforce management for small businesses.
Through this partnership, Fiserv and ADP will offer U.S.-based small businesses access to an integrated, all-in-one solution that combines the full power of RUN Powered by ADP and the Clover small business management platform. Additionally, CashFlow Central will be available to RUN and Clover clients, further enhancing the platform's capabilities in cash flow management.
Frank Bisignano, Chairman, President, and Chief Executive Officer of Fiserv, expressed his enthusiasm for the partnership: "This strategic partnership with ADP furthers our commitment to building out an integrated solution that meets the unique needs of today's small business owner." Maria Black, President and CEO of ADP, echoed this sentiment, stating that the collaboration advances their ability to serve the millions of small businesses that drive the U.S. economy.
The integration of Fiserv's and ADP's platforms addresses a significant market demand, as 87 percent of small business owners are interested in a single, easy-to-use business management system (Fiserv research). By combining their respective strengths, Fiserv and ADP aim to empower small businesses to focus on growth and success, rather than being burdened by complex operational tasks.
As the partnership begins this quarter, with services to be rolled out in early 2025, small business owners can look forward to a more streamlined and efficient way to manage their payroll, cash flow, and payment processes. This integrated solution promises to be a game-changer for small businesses, enabling them to better navigate the complexities of modern commerce and thrive in an increasingly competitive landscape.
In conclusion, the strategic partnership between Fiserv and ADP is a significant development in the small business management software market. By combining their respective strengths in payments, cash management, and payroll solutions, the two industry leaders aim to create an all-in-one platform that addresses the critical operational needs of small business owners. As the partnership progresses, small businesses can expect a more streamlined and efficient way to manage their payroll, cash flow, and payment processes, ultimately empowering them to focus on growth and success.
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