Corporations commonly use companies like adp and paychex to handle their payroll processing needs. The use of such vendors is called Outsourcing.
Outsourcing is the process of transferring certain tasks or services to an external vendor, such as ADP or Paychex, in order to reduce costs and focus on core business competencies. Corporations use outsourcing as a way to access specialized expertise, reduce labor costs, and increase efficiency. It also allows them to focus on their core competencies and free up resources to invest in other areas of the business. Outsourcing payroll processing is popular because it offers cost savings, improved accuracy, and the ability to quickly update processes and procedures.
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