Fiserv partners with ADP to simplify payroll and cash management for small businesses

In a move set to revolutionise small business operations, Fiserv, Inc., a leading global provider of payments and financial services technology, has partnered with ADP, a global leader in human capital management solutions. This groundbreaking collaboration combines Fiserv’s popular small business tools, including the Clover platform and CashFlow Central, with ADP’s acclaimed payroll and HR solution, RUN Powered by ADP. Designed to address the growing demand for integrated systems, this partnership promises to streamline the management of payroll, cash flow, and payments for U.S.-based small businesses.

Integrated solutions for modern entrepreneurs

Research by Fiserv underscores the urgency of this innovation, with 87% of small business owners expressing interest in a single, user-friendly system for handling key operational tasks. Recognising this need, Fiserv and ADP aim to deliver a seamless, all-in-one solution that integrates payroll management with cash flow optimisation.

The collaboration centres on providing small business owners with access to a unified platform that merges ADP’s RUN solution with Fiserv’s Clover management system. CashFlow Central, Fiserv’s accounts payable and receivable tool, will also be accessible to both RUN and Clover clients. This combined offering is expected to significantly improve cash flow visibility and efficiency, enabling entrepreneurs to focus on expanding their businesses rather than navigating multiple systems.

Industry leaders weigh in

Fiserv Chief Executive Officer Frank Bisignano noted that the partnership aligns with Fiserv’s mission to empower small businesses with innovative, integrated solutions. He emphasised that combining ADP’s payroll expertise with Fiserv’s payments and management tools would simplify financial operations for business owners.

Similarly, ADP President Maria Black highlighted the collaboration’s potential to support the backbone of the U.S. economy: small businesses. She stated that ADP remains committed to simplifying workforce management through trusted, cutting-edge payroll and HR solutions, allowing small businesses to thrive and make a greater impact on their communities.

When can businesses expect the rollout?

The partnership between Fiserv and ADP is set to commence this quarter, with services anticipated to roll out to small businesses by early 2025. This timeline ensures sufficient preparation to integrate the two platforms and deliver a robust, user-friendly solution.

The potential impact on small businesses

As small businesses continue to navigate economic challenges, the need for streamlined operations is more critical than ever. By integrating payroll and cash management into one system, this partnership has the potential to enhance operational efficiency, improve cash flow control, and save valuable time for entrepreneurs.