Sovereign Bank signs ADP as payroll services partner

Source: Sovereign Bank

Sovereign Bank announced today a partnership with ADP Small Business Services to offer payroll, tax filing and other value-added services to its small business customers.

The partnership also calls for Sovereign to be a preferred Health Savings Account (HSA) provider for ADP Small Business Services clients.

"At Sovereign we're committed to providing our small business customers with convenient tools and services that will help them effectively manage their business," said Joseph P. Campanelli, vice chairman of Sovereign Bancorp. "ADP's extensive network and experience in providing broad payroll solutions to employers worldwide will serve our customers well as their businesses continue to grow."

Sovereign will refer ADP's integrated payroll solutions through its Business Banking Relationship Managers and all of its branch offices throughout the Northeast, in conjunction with 200 ADP sales professionals dedicated to support Sovereign small business customers.

Payroll customers will have their choice of flexible data entry methods - via phone, fax, or the Internet - and also receive signed payroll checks and direct deposit vouchers. In addition, they gain access to a complete set of reports to manage payroll information, as well as the support of a highly trained customer service team. These offerings are complemented by ADP's payroll tax services, which calculate, pay, and file federal, state, and local payroll taxes.

Marshall P. Soura, executive vice president and managing director of Sovereign's Global Solutions Group, said, "Managing employee administrative tasks such as payroll can be time-consuming and expensive. We continue to hear from customers that they value ease of doing business through cost-effective solutions. By partnering with an industry leader we will be able to deliver the most convenient, secure and cost-effective payroll services to our customers. Sovereign has proven experience in aligning with partners to provide value-added solutions to customers."

"We are pleased to be selected as the payroll provider to small businesses for Sovereign Bank," said Alan Sheiness, president, ADP Small Business Services. "ADP's comprehensive payroll solutions combined with Sovereign's well-respected small business financial services provide small business owners with the tools they need to make their businesses more efficient, effective and profitable."

The ADP partnership is just one of a number of new services and solutions that Sovereign Bank is introducing to redefine banking convenience and promote productivity improvements for its customers. Reinforcing its commitment to banking convenience, Sovereign has also recently announced an Onsite Banking account opening service and a partnership with OPEN from American Express to offer three new co-branded American Express® Business Cards to small business customers.

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