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From 1985 onward, ADP's annual revenues exceeded the $1 billion mark, with paychecks processed for about 20% of the U.S. workforce. In the 1990s, ADP began acting as a professional employer organization (PEO).
Financials as of June 30, 2023. [update] [1] Broadridge Financial Solutions, Inc. is a public corporate services and financial technology company founded in 2007 as a spin-off from management software company Automatic Data Processing. Broadridge supplies public companies with proxy statements, annual reports and other financial documents, and ...
The company maintains a database named "The Work Number" that holds and maintains employment and payroll information on 54 million American people. As of 2015, the company was the largest source of employment information in the United States , and collects information from over 7,000 employers.
Releases included customizable payroll reports, a simplified Paycheck Protection Program (PPP) Loan Forgiveness tracker and a streamlined PPP application report that’s been downloaded more than 80,000 times to date. Nationwide, Gusto enabled more than $2.5 billion worth of approved PPP loans.
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That company is now known as Automatic Data Processing (ADP) and is the leading provider of computerized payroll and benefits management services to employers in the U.S. He retired from ADP in the mid-1980s.