Broadridge Investor Relations
2006 News Releases
ADP's PostEdge Now Offers Records Management For Document Archival
CONTACT:
Press Contacts:
Dorothy Friedman
ADP Brokerage Services Group
(212) 918 6920
Dorothy_Friedman@adp.com
NEW YORK, New York -- February 13, 2006 -- ADP Information Distribution Services, a division of Automatic Data Processing, Inc. (NYSE: ADP), announced new Records Management functionality as an enhancement to its PostEdge® document archival system.
PostEdge is ADP's application suite that provides electronic document archival, web presentment and e-delivery services on behalf of its financial services clients. PostEdge adheres to SEC Rule 17a-4 for document storage and provides firms with a fully redundant, dual site, document archival system, with integrated report mining functionality, all of which has proven to be a cost effective alternative to in-house electronic document management solutions.
Records Management is an effective document lifecycle management tool from document creation to its final disposition, complete with audit trails for increased accountability. It offers the flexibility to increase document retention periods through user defined, parameter-based features such as regulatory / legal holds, and event and time-based document expiration, thereby mitigating operational risk and enabling compliance with industry regulation.
"Records Management has become a critical part of corporate governance. ADP is pleased to announce our Records Management enhancement to PostEdge. It benefits our clients not only through better management of archival requirements, but also by helping to keep them in compliance with industry regulation," says Gerard Scavelli, Senior Vice President/General Manager, ADP Information Distribution Services.
About ADP Brokerage Services Group
As the premier provider of transaction services to the financial industry, ADP has the capacity and technological expertise to assist its clients in differentiating themselves in the marketplace. ADP presents financial intermediaries advanced and integrated systems for securities processing, desktop productivity and investor communication services, all focusing on providing solutions for straight through processing and World Class Service.
ADP, with $8.5 billion in revenues and approximately 590,000 clients worldwide, is one of the largest providers of a broad range of premier, mission-critical, cost-effective transaction processing and information-based business solutions. For more information about ADP Brokerage Services Group, please visit www.bsg.adp.com and for other ADP services and investor information, visit www.adp.com.
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