Toronto, November 7, 2005 - ADP Investor Communications, a subsidiary of Automatic Data Processing, Inc. (NYSE: ADP) announced today that it is a recipient of the Gold Award of Excellence for best of category in Customer Care presented by the Canadian Information Productivity Awards Program (CIPA) for 2005. ADP's Smart Prospectus® is being honored by CIPA as a revolutionary prospectus delivery solution enhancing customer service and generating high productivity through its advanced technology.
The prestigious award was received earlier this week at the 13th Annual CIPA Gala Banquet recognizing excellence in IT innovation and the implementation of best practices in Canada. The CIPA Gold Award of Excellence constitutes the highest form of recognition for the capabilities of an organization and its executives. A committee comprised of independent, senior business and IT leaders from across the country selected the CIPA finalists from over 200 entries.
The Smart Prospectus Solution is the first timely, cost-effective, print-on-demand fulfillment process for delivering mutual fund prospectus and trade confirmations to investors. It was designed to assist dealers in meeting statutory delivery requirements and to replace current manual fulfillment practices that are unreliable and costly. With Smart Prospectus, investors receive the required information about their recent mutual fund investments through a single package that is digitally assembled and printed on demand using patent-pending technology.
"It is a tremendous honor for ADP Investor Communications to receive an esteemed CIPA award as it is indicative of the hard work and energy our talented staff has put into our products and services," says Sue Britton, Senior Vice President, ADP Investor Communications. "With Smart Prospectus, we're helping companies reduce operational costs and improve their level of service to Canadian investors by providing them with timely, relevant customized information about their investment. ADP Investor Communications is committed to innovation and service and we will continue to innovate and build technology solutions that address today's complex compliance requirements in the financial market."
CIPA is Canada's oldest and largest awards program in the field of information technology and the premier showcase for Canadian IT and innovation. It is supported by its Managing Sponsor, CGI Group Inc., and other leading industry sponsors as well as allied technology associations.