Many CPAs and accounting professionals call upon payroll services giant ADP to fulfill their client and employer pay systems. Now, ADP has announced it will collaborate with Comerica Bank and Goldman Sachs to provide payroll and employment services to small businesses.
What does this mean to the accounting world? Three of the giants in financial services have taken over services that CPAs provide to clients everyday. There will be tremendous ways for accountants to call upon the new company to help its client base and employer needs.
The new company will be known as Comerica's Competitive Edge. The hook is that the new effort can provide the same volume discounts to small companies on services it now provides at a discount to large businesses.
That means savings for you and your clients.