Summary of Automatic Data Processing (ADP) FY Conference Call - May 13, 2025 Company Overview - **Company**: Automatic Data Processing (ADP) - **Industry**: Human Capital Management (HCM) and Payroll Services Key Points Retention and Demand - ADP has reported strong retention rates, which have improved compared to pre-pandemic levels, attributed to investments in product and service tools [3][4][5] - International bookings showed some softness, which was noted as a change from previous quarters, but overall demand in international markets remains solid [6][8] - The company is optimistic about its international pipelines despite elongation in sales processes [7][8] Outsourcing Trends - There is a discernible trend towards HCM outsourcing, driven by increasing complexity in compliance and talent management [10][11] - ADP's extensive sales force of 8,500 sellers across multiple countries supports this trend [12] Competitive Landscape - ADP maintains a competitive edge through its broad offerings and strong retention, although competition remains fierce across various market segments [21][22] - The company has seen an increase in its balance of trade, indicating a positive competitive position [20][21] Product Development: Lyric - ADP introduced "Lyric," a next-generation HCM offering designed to be adaptable and user-friendly, which has received positive market feedback [27][30] - The integration of Lyric with the workforce software acquisition is expected to enhance ADP's market position and drive bookings [31][32] Digital Transformation and AI - ADP is on a continuous digital transformation journey, focusing on making products frictionless and incorporating generative AI into its offerings [35][36] - The company aims to leverage AI for both efficiency and growth, enhancing the onboarding process and sales productivity [45][50] Strategic Acquisitions - Recent acquisition of PEI in Mexico is part of ADP's strategy to strengthen its local expertise and global scale [56][58] - The company continues to pursue acquisitions that align with its strategic pillars of growth and efficiency [66][68] Partnership with Fiserv - ADP's partnership with Fiserv aims to enhance distribution channels and create a revenue-sharing model that benefits both companies [73][74] Future Outlook - ADP plans to showcase its progress and strategic initiatives at the upcoming Investor Day, emphasizing its commitment to innovation and client service [81][82] Conclusion - ADP is positioned well in the HCM industry with strong retention, a focus on outsourcing trends, innovative product offerings like Lyric, and a commitment to digital transformation and strategic acquisitions. The company is optimistic about future growth and market opportunities.

Core Insights - Ethos is leveraging AI to transform the way experts are discovered and connected, addressing inefficiencies in traditional talent identification methods [2][6] - The platform aims to uncover hidden expertise by analyzing diverse data sources, allowing companies to find the right experts quickly and efficiently [2][6] Group 1: AI-Driven Expert Discovery - Ethos focuses on efficiently discovering and connecting experienced experts through an AI-driven platform that analyzes academic papers, GitHub projects, blogs, and podcasts [2][6] - The platform constructs knowledge graphs to highlight the contributions of overlooked experts, enabling businesses to access valuable insights [2][6] Group 2: Dual Product Systems - Ethos has developed two product systems: one for enterprise clients and another for individual experts, optimizing knowledge exchange [3][4] - The enterprise side allows clients to input natural language queries to find suitable experts, facilitating quick access to knowledge and experience [4][6] Group 3: Key Features and Advantages - Natural language search enables users to describe their knowledge needs, with the AI system matching relevant experts swiftly [7] - The platform boasts a response time in minutes, significantly faster than traditional expert networks [7] - Ethos aggregates top 0.1% of professionals from over 500 million, ensuring high-quality expert advice [7] - The platform supports various service scenarios, including expert consultations and strategic advisory roles [7] Group 4: Pricing Model - Ethos offers two main pricing models: pay-per-use and subscription, with subscription options at $249/month or $199/month/seat [10] - The pay-per-use model provides flexibility for clients with infrequent consultation needs, while the subscription model is more economical for frequent users [10] Group 5: Expert Platform Features - The expert side of Ethos allows professionals to set their consultation fees and schedules, with AI matching them to quality clients without intermediaries [13][14] - The platform ensures privacy and simplifies scheduling, allowing for immediate payment post-service [13][14] Group 6: Founders and Background - Ethos was co-founded by James Lo, a former McKinsey consultant, and Daniel J. Mankowitz, a reinforcement learning expert from DeepMind, both bringing extensive experience in strategy and technology [18][25] - The founders recognized inefficiencies in traditional expert networks and aimed to create a more effective system for talent discovery [18][25] Group 7: Funding and Partnerships - Ethos has secured €3 million in seed funding led by General Catalyst, with participation from several top-tier investment firms and angel investors [32] - The funding will be used for product development and market expansion, with over 25 global partnerships established to enhance expert identification [32]

Core Insights - Small businesses are navigating a complex landscape influenced by new technologies, changing employee expectations, and compliance challenges, as highlighted during National Small Business Week [1][3] - ADP's Grit & Wisdom Contest gathered insights from nearly 18,000 small businesses, revealing key strategies for success [1][4] Group 1: Key Advice from Small Business Owners - Success requires patience and persistence, with an emphasis on adaptability and continuous innovation [4] - The importance of a strong team and positive workplace culture is crucial for growth, encouraging leaders to motivate employees and foster curiosity [4] - Small business owners express love and enjoyment as key emotions that sustain them, enhancing customer relationships and team morale [4] Group 2: Expert Insights from ADP - A comprehensive benefits strategy is essential for attracting talent, with a focus on high-impact benefits and employee education to enhance retention [9] - Learning and development are vital for growth, emphasizing practical experience and on-the-job training to cultivate employee skills [9] - Staying updated on compliance changes is critical, as small businesses must adapt to evolving laws regarding wages, pay transparency, and leave policies [9] - Technology is increasingly important for streamlining operations while maintaining human connections, with a focus on intuitive solutions that support business growth [9]

视频来源： ConverzAI "关系"永远是人才管理的关键。ConverzAI专注于发展AI驱动的招聘解决方案，其推出的虚拟招 聘助手(Virtual Recruiter)能够自主管理从人才搜索、互动到关系搭建 全流程 ，并帮助企业做出 数据驱动的招聘决策。据ConverzAI官网数据，客户企业可以在5天内快速搭建一个虚拟招聘助 手，将 招聘周期缩短90% 。 ConverzAI成立于2019年，由Ashwarya Poddar担任CEO。此前，Poddar供职于微软，2008到 2015年期间，他分别在微软担任软件工程师和数据科学家；2016年起，他担任首席产品经理， 深耕智能对话语音技术，同时负责Predictive Lead Scoring和Opportunity Scoring相关产品，助 力销售团队优化优先级分配，提升销售效率。ConverzAI其他高管成员曾供职于Google、 Skype、Michrosoft、Walmart、Monster等公司。 Z Highlights 图片来源： ConverzAI 视频来源： ConverzAI 01 "交流大于技术"：以人为本的AI招聘 2024年9 ...

Core Insights - U.S. businesses are increasingly prioritizing global hiring due to talent shortages, and the partnership between Paychex and Multiplier aims to facilitate this process [2][4] - Multiplier has become a Premium Partner in the Paychex Marketplace, providing a comprehensive solution for compliant global hiring to Paychex customers [1][3] Group 1: Partnership Overview - The strategic partnership between Paychex and Multiplier is designed to help U.S. businesses scale globally with confidence [1][2] - Multiplier's global employment platform will be integrated into Paychex's Marketplace, allowing HR and finance leaders to access trusted global hiring solutions [2][4] Group 2: Service Offerings - Multiplier offers services such as Employer of Record (EOR), Agent of Record (AOR), and Global Payroll solutions, enabling companies to manage talent across over 150 countries [3][6] - The partnership aims to simplify workforce management, ensuring compliance and enhancing the employee experience [3][4] Group 3: Market Impact - The collaboration is expected to remove barriers to international hiring, allowing businesses to expand into new markets more effectively [4][5] - Multiplier's integration into Paychex's ecosystem is a step towards creating a borderless work environment, where talent can contribute from anywhere [4][6]

As filed with the U.S. Securities and Exchange Commission on September 20, 2024 Registration No. 333-275232 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ AMENDMENT NO. 3 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 __________________________________________ BAIYA INTERNATIONAL GROUP INC. (Exact name of Registrant as specified in its charter) __________________________________________ Not Applicable (Translation of Re ...