ADP stock falling again. Guess that 2020 strategy didn't pan out!
13 replies (most recent on top)
@6qda+1am6PpIN – there are a myriad of problems with Nextgen Payroll. First, is the false statements being levying by ADP on it's readiness and robustness. It is far far far less capable that the mainframe payroll engine. In fact the Nextgen Payroll engine is missing a lot of very necessary capability that many clients need/expect I would not be surprised to see some clients leaving if pushed there. It is running on a bunch of less stable (compared to a mainframe) commodity hardware with a bunch of hacked together backend code. ADP has focused on the marketing of the product and the user visual side of things with far less attention to what clients need: accuracy and functionality to run their business payroll. Clients care far more that there taxes are correct and that there employees are paid on time and correctly as opposed to lipstick on the pig. Take some time and actually talk to the reps fielding the questions about the issues and you will get it and realize how messed up things are.
hello; this question is for poster @3bxr+1am6PpIN – I'm wondering what some of the problems are with the Next Gen Payroll product – I've heard rumors of problems but I don't know what some examples are. If this is being rolled out to all new WFN clients as the payroll engine, what the heck will happen to all these clients? Are the problems big enough or widespread enough that this will cause a bunch of clients to leave?
If you think ADP stock is so good, then we can all assume you are buying it every paycheck and you are all in for Carlos's vision and you are putting your money where your mouth is, right? And I also think everyone here also believes that you will be sinking all your money into this stock after you are shown the door.
Stock is still highest than when you were hired is my guess, unless you're one of the people who couldn't hack it after six months on the phone.
"Nobody is stopping you from leaving"
But some people want to stop you from talking about it. Forbidden subject. Move along everyone, nothing to see here. Oh, but there is.
Seriously? You think Nextgen's problem is service implementation? HA. You might as well try to blame the problem on the cleaning staff. It is a problem with it being just a horrible mostly vaporware product that is put together like bubblegum and duct tape. At least for Nextgen Payroll. I can't speak to the Tax Product. But I know first hand how terrible the Nextgen Payroll product is. They want to paint fancy lipstick on it, but it is a pig and a half behind the scenes. It is terribly written together hack by a bunch of outside consultants that have no idea about payroll in the least. It is a complete step backwards for clients. ADP just needs to admit that they messed up big and license Workday - as it is 1000x better and trusted and reliable and won't fall over when someone enters payroll. Nothing at ADP comes remotely close to Workday.
As far as the stock goes - it is ONLY going up because the entire market is going up. It is not going up because ADP is doubling or tripling its revenues or because clients are happy and spending more. Exact opposite. Yes, stock has gone up slightly but it is even more likely now to get hammered worse due to the poor management decisions and unhappy clients as a result. Wake up. If you want to really check value, look at the crummy return on the stock pre-pandemic price vs now. It is a horribly bad return for that time. And before you start to complain about the pandemic - every other company in the world dealt witht he same thing and many pre-pandemic vs current prices have yield WAY WAY higher return that Carlos's measly 5% in over a year. Now that is #TRUTH
Ok, ADP stock does go up and down. So people that only post when it goes down are hateful? Please provide proof.
So, to be clear. The stock price is only a talking point when it’s down not when it’s at a record high?
Got it.
Angry, angry, folks out there in troll land.
Ha! Agreed . The ADP fan boy is a clown. ADP is a joke. Stock only up in the draft of the entire market, not because of anything ADP has done to enhance it's business.
Make bank? You really sound like a bit of a immature fool. Or maybe have you made so much money from ADP that you are not working there like a college grad slave any more? LOL - pretty sure you didn't - Carlos has at people's expense but you, keep toiling away for your crumbs while you praise your idol.
Oh those rocket emoji's are so convincing! Keep on worshiping Carlos you blind fool. Your ignorance is showing!
Stock up again! Record high! 🚀🚀🚀
10 minutes left in market today - watch the rush to sell off even more of this hyped up dog stock!
The executive board is fumbling big time by not replacing this CEO immediately. Just watch.