ADP, a global technology company specializing in human capital management solutions, has formed a collaboration with Convera, a B2B payments FinTech, to provide an end-to-end payroll and payments solution to ADP clients.
This collaboration aims to simplify and streamline the payroll and payments process for organizations, offering a comprehensive solution that combines ADP’s expertise in compliant payroll solutions with Convera’s extensive payment capabilities, the companies said in a Tuesday (Nov. 14) press release.
“Accurate and timely payroll payments require more than just moving funds,” Frank Smits, president of ADP Celergo Streamline, said in the release. “Many organizations don’t have the expertise or resources needed to navigate the multitude of variables for managing compliant payroll payments. ADP, collaborating with Convera, is happy to help manage this complexity for our clients.”
Together, ADP and Convera will enable ADP clients to manage payroll and payments processes through one integrated platform, reducing manual complexities and improving efficiency, according to the press release.
The integrated solution will enhance payroll payment accuracy, compliance and security within a simplified and automated workflow, the release said. Businesses will no longer need to access multiple banking platforms, as the collaboration delivers a single, simple and secure process.
“Companies globally are faced with dramatic changes, ranging from economic upheaval and currency fluctuations to regulatory constraints and workforce evolutions,” Convera CEO Patrick Gauthier said in the release. “As one of the largest global business payment networks, we aim to help our clients grow their business with confidence, and we look forward to this significant and strategic collaboration to serve ADP’s global client base and evolve our integrated payments ecosystem together.”
The announcement of this collaboration comes about a week after ADP launched a customizable payroll solution designed specifically for large businesses with over 1,000 employees across various industries. The new ADP Enterprise Payroll allows organizations to configure their payroll processes to match their unique business requirements.
For its part, Convera partnered with GTreasury in August to offer an integrated payments service, starting with a pilot program in the Asia-Pacific (APAC) region. This partnership will enable the large corporate and enterprise clients using GTreasury’s treasury management system software to integrate with Convera’s B2B cross-border payments platform.
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