The two studies conducted by PricewaterhouseCoopers offer valuable points of comparison. If your organization is still managing payroll and HRIS in-house, a close examination of the 2003 and 2004 results will point to methods for decreasing your Total Cost of Ownership and gaining strategic focus.
The 2003 PwC study provided strong evidence that in-house systems are more expensive and less strategic than buyers predicted. Then, in 2004, PwC showed that outsourcing with ADP offers an average 35-50% improvement in TCO, plus many other benefits associated with outsourcing.
Organizations outsourcing with ADP National Account Services had a payroll TCO 35% lower than their in-house counterparts and their HRIS TCO was more than 50% lower. In addition, outsourcing with ADP offers these advantages:
- Hosted solutions from ADP minimize hidden costs and budget shifting
- Transparent upgrades provide new functionality and compliance without the associated costs
- Labor and non-labor costs for processing payroll and maintaining HR systems may also be eliminated or greatly reduced
- Fixed costs become variable, and you minimize both IT investment and processing time - letting you devote more resources to your primary business objectives.
Outsourcing with ADP allows you to tap into best practices, to manage costs more effectively, as well as to ensure compliance and mitigate risk. These are some of the reasons why our client retention rates are increasing year-after-year while the expected life of in-house systems is decreasing.
Sitting down with an ADP representative is the first step to lowering your TCO and regaining control of strategic business decisions. There has never been a better time because converting to an outsourced solution is now faster than ever and less expensive than implementing a new in-house system.
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- Outsourcing with ADP lets you regain control of payroll and HRIS TCO.
- Companies choosing to outsource with ADP will see an average 35% decrease in payroll TCO and an average 50% decrease in HRIS TCO.
- Switching to ADP is less expensive and more strategic than changing to another in-house option.
How can outsourcing with ADP help your bottome line?
For more information on this please request the PwC Whitepaper.