ADP Slashes Costs and Increases Volume By Switching to Ascent Capture

In the world of documents, Application Service Providers thrive or fail by fractions of pennies per page. When an ASP finds a way to reduce costs while simultaneously increasing throughput, it glitters like gold.

Such is the experience of ADP's Brokerage Service Group (www.bsg.adp.com) based in Edgewood, N.Y. The Group's clients are traditional stock brokers who want to outsource their paper processing. Investors apply for new accounts by filing signed papers. For brokerages, processing the account documents is costly and time consuming – opening a new account could take a week. In today's world of Instant Everything, yesteryear's slow pace does not compete.