Automatic Data Processing
30 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.
Partners and platforms
Third-party cloud computing platforms
depends onnamed as a riskAs our reliance on these third-party services and systems increases, particularly on third-party cloud computing platforms, our exposure to service interruptions and performance or quality issues could be impacted.Risk factors (Item 1A)
Also named by APG
Banking partners
depends onnamed as a riskAs a result, our banking partners that assist us in processing our money movement transactions may limit the scope of services they provide to us or may impose additional material requirements on us.Risk factors (Item 1A)
U.S. banking system
depends onnamed as a riskWhile we have contingency plans in place for isolated bank failures and outages, a systemic shutdown of the banking industry would impede our ability to process payments on behalf of our payroll, tax and other money movement services clients and could have an adverse impact on our financial results and liquidity.Risk factors (Item 1A)
Other companies
Commercial paper program
depends onnamed as a riskIn order to satisfy these short-term funding requirements, we maintain access to various sources of liquidity, including borrowings under our commercial paper program and our committed credit facilities, our ability to execute regular reverse repurchase transactions, our committed reverse repurchase agreements, and corporate cash balances.Risk factors (Item 1A)
Places
Commodities and inputs
Foreign currency exchange rates
exposed to its pricenamed as a riskWe derive a significant portion of our revenues and operating income outside of the United States and, as a result, we are exposed to market risk from changes in foreign currency exchange rates that could impact our results of operations, financial position and cash flows.Risk factors (Item 1A)
Also named by AMT, CPAY, DPZ, DVA, GLW, HLIO, LNN, PFG and 1 more
Client funds investment portfolio
exposed to its pricenamed as a riskA sale of such available-for-sale securities may result in the recognition of losses and reduce the interest income earned on funds held for clients, either or both of which may adversely impact our results of operations, financial condition and cash flow.Risk factors (Item 1A)
Regulators
Office of Foreign Assets Control (OFAC)
subject tonamed as a riskWe are also subject to economic and trade sanctions programs, including those administered by the U.S. Treasury Department’s Office of Foreign Assets Control, which prohibit or restrict transactions or dealings with specified countries, their governments and, in certain circumstances, their nationals, and with individuals and entities that are specially designated, including narcotics traffickers and terrorists or terrorist organizations, among others.Risk factors (Item 1A)
Also named by ABNB, AIG, APP, BMI, BMNR, BPOP, CAT, CHRW and 46 more
Financial Industry Regulatory Authority (FINRA)
subject toADP Broker-Dealer, Inc., which supports our Retirement Services business, is a registered broker-dealer regulated by the SEC and the Financial Industry Regulatory Authority.Business (Item 1)
Also named by AB, AGNC, AMG, AMP, BAM, BEN, BR, BWIN and 23 more
Office of the Comptroller of the Currency (OCC)
subject toThe ADP Trust Bank, and all of its fiduciary activities including the U.S. money movement it oversees and manages via ADP Client Trust, is subject to comprehensive ongoing oversight and regulation by the OCC.Business (Item 1)
Also named by AMP, AXP, BAC, BLK, C, CASH, CFG, COF and 22 more
Financial Crimes Enforcement Network (FinCEN)
subject toWe have registered our prepaid card business as a provider of prepaid access, and registered ADP Trust Bank and ADP Retirement Trust Services with the Treasury Department’s Financial Crimes Enforcement Network.Risk factors (Item 1A)
Also named by ABNB, AFRM, BMNR, COIN, CORZ, EEFT, FISV, SNEX and 2 more
U.S. Department of Labor
subject toADP Strategic Plan Services, LLC, our registered investment adviser, provides certain investment management and advisory services to retirement plan administrators under a heightened “fiduciary” standard and is regulated by the SEC and the U.S. Department of Labor.Business (Item 1)
Also named by AMG, BBSI, FLO, HCC, MRSH, PAYX, PFG, TROW and 1 more
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
subject toADP Canada Co. is registered with the Financial Transactions and Reports Analysis Centre of Canada (“FINTRAC”), Canada’s anti-money laundering and anti-terrorist financing supervisor, as a Money Services Business.Business (Item 1)
Also named by PAYC
New Hampshire Banking Department
subject toADP Retirement Trust Services, LLC is a directed-fiduciary trustee with responsibility for oversight of the retirement plan assets of our clients and regulated by the Department of Labor under the Employee Retirement Income Security Act of 1974, as amended, and is also subject to the oversight of the New Hampshire Banking Department.Business (Item 1)
Also named by AB
Consumer Financial Protection Bureau Regulation E
subject toOur prepaid access offerings are subject to consumer protection laws and regulations, including the Electronic Funds Transfer Act and Regulation E issued by the Consumer Financial Protection Bureau as well as prohibitions on unfair, deceptive, or abusive acts or practices.Business (Item 1)
Laws and programs
General Data Protection Regulation (GDPR)
subject tonamed as a riskThe GDPR imposes strict and comprehensive requirements on us as both a data controller and a data processor.Business (Item 1)
Also named by A, AB, ABNB, ADBE, AGX, AIOT, AJG, AVAV and 100 more
United States Foreign Corrupt Practices Act
subject tonamed as a riskWe operate our business around the world and continue to expand globally, including in numerous developing economies where companies and government officials are more likely to engage in business practices that are prohibited by domestic and foreign laws and regulations, including the United States Foreign Corrupt Practices Act and the U.K. Bribery Act 2010.Risk factors (Item 1A)
Also named by A, ADBE, AIR, AJG, ALB, AME, AMZN, AOS and 112 more
EU Artificial Intelligence Act
subject tonamed as a riskSpecifically, the EU Artificial Intelligence Act imposes requirements on providers of certain types of AI services.Business (Item 1)
Also named by ABNB, AIOT, AKAM, ALAB, AMG, APP, AVAV, BKNG and 24 more
Telephone Consumer Protection Act
subject tonamed as a riskIn addition, laws and regulations covering marketing, advertising, and email, telephone and text messaging communications, including the Telephone Consumer Protection Act, are applicable to our business.Risk factors (Item 1A)
Also named by AFL, BBW, CART, COMP, CRM, CSGP, FCFS, GDDY and 9 more
Internal Revenue Service Certified Professional Employer Organization program
subject tonamed as a riskBecause our PEO is a co-employer with our PEO clients and a Certified PEO by the Internal Revenue Service, we may be subject to certain obligations, responsibilities and liabilities of an employer with respect to Worksite Employees (“WSE”), including with respect to their wages and the payment thereof, tax credits for employers, the payment of certain taxes with respect to WSE wages and employee benefits provided to the WSEs.Risk factors (Item 1A)
TotalSource Health and Welfare Plan
subject tonamed as a riskIn addition, changes in the manner in which health and welfare plans sponsored by PEOs or the TotalSource Health and Welfare Plan, in particular, are regulated could adversely impact the demand for our PEO offering.Risk factors (Item 1A)
California Privacy Rights Act of 2020 (CPRA)
subject tonamed as a riskThe CPRA requires companies to provide data disclosure, access, deletion and opt-out rights to consumers in California.Business (Item 1)
Bank Secrecy Act of 1970
subject tonamed as a riskIn addition, our U.S. money movement managed by the ADP Trust Bank and our U.S. prepaid access offering are subject to the anti-money laundering and reporting provisions of The Bank Secrecy Act of 1970, as amended (the “BSA”).Business (Item 1)
U.S. employment tax credit laws
subject tonamed as a riskIn addition, changes in federal, state or local tax laws and regulations allowing for tax credits (including the non-renewal of such laws) could adversely impact our Tax Credit Services business, which helps clients in the United States realize tax credit opportunities in connection with the hiring of new employees and certain other activities.Risk factors (Item 1A)
Tax withholding regulations
subject tonamed as a riskFor example, a change in regulations either decreasing the amount of taxes to be withheld or allowing less time to remit taxes to government authorities would adversely impact average client balances and, thereby, adversely impact interest income from investing client funds before such funds are remitted to the applicable tax authorities.Risk factors (Item 1A)
Affordable Care Act
In addition, our HCM solutions help clients manage their compliance with certain requirements of the Affordable Care Act in the United States.Business (Item 1)
Also named by ABBV, ABT, AFL, BBSI, BRO, BWIN, COR, DOC and 8 more
Fair Credit Reporting Act
subject toOur employment background screening services business offers background checking services that are subject to the Fair Credit Reporting Act.Business (Item 1)
DOJ Data Security Program (Executive Order 14117)
subject toThe DOJ’s Data Security Program requires us to ensure that there is not access to sensitive personal data of U.S. persons by countries of concern in excess of certain thresholds.Business (Item 1)
Bank of Canada Retail Payment Activities Act
subject toADP Canada Co. is also a registered Payment Service Provider with the Bank of Canada, as defined and required under the Retail Payment Activities Act.Business (Item 1)
Health Insurance Portability and Accountability Act of 1996 (HIPAA)
subject toIn the United States, the Health Insurance Portability and Accountability Act of 1996 applies to our insurance services businesses and ADP TotalSource.Business (Item 1)