The Company is a provider of business outsourcing solutions. It offers number of HR, payroll, tax and benefits administration solutions from a single source and also provides integrated computing solutions to automotive and recreational vehicle dealers.
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I'm the technical owner of our ADP applications at my company. Their offerings are comparable to their competitors, their support is reasonable, and their systems are sound although inscrutable at times. However, ADP has a strong economic moat due to the difficulty encounter when attempting to switch away from their applications. We spec'ed out a project to replace just one of their systems and it came out to be so expensive that it would have taken decades to recoup the cost, so we will continue with ADP systems for the forseeable future. ADP is known as the industry leader in business systems and has no serious competition to that title. It has competitors, for sure, but none of them have the reputation that ADP has.
ADP is also a dividend aristocrat.