iNM Volume 8 | Page 8

INM MAGAZINE VOLUME 8 | FEBRUARY 2016 CORPORATE INTERVIEW Mrs. Snigdha Ghosh Roy Vice President, ADP M rs. Snigdha Roy started her career as a Systems Engineer at CMC in 1996. She then worked for L&T and since then is an integral part of ADP. She is currently the Vice President at ADP - Global Product & Technology. ADP is a comprehensive global provider of cloud-based Human Capital Management (HCM) solutions that unite HR, payroll, talent, time, tax and benets administration, and a leader in business outsourcing services, analytics and compliance expertise. ADP's unmatched experience, deep insights, and cutting-edge technology have transformed human resources from a back-ofce administrative function to a strategic business advantage. Snigdha is a senior product leadership executive, with a passion for technology, developing customer centric products, strong business & market orientation who leads product management (strategy/ road-map, conceptualization/ backlog), user experience design, development, devops & support of innovative solutions and business process management initiatives for enhancing competitiveness, increasing revenues and improving customer experience (NPS). Product experience includes envisioning, conceptualizing, developing and supporting highly reliable, available, intuitive and innovative SAAS (cloud) solutions in collaboration with clients and ADP marketing, business strategy, sales, Infrastructure and business operations teams. Her domain expertise is primarily in investment banking and human capital management industry 1. Mam, what is your opinion on Entrepreneurship driving innovations? Do multinational corporations promote innovation or the does it have a negative impact on the domestic rms given the size and scale of operations and the nancial muscle power that the MNCs have . . . . “Large MNCs, like ADP are cognizant of the fact that we cannot innovate at a pace that small players can.” Large MNCs, like ADP are cognizant of the fact that we cannot innovate at a pace that small players can. Entrepreneurs are nimble in decision making, agile in operations and possess a single minded focus on executing their strategy to create value for customers and stakeholders. Market & technology trends, user needs and nancial ows are very uid making it extremely challenging to track and lead disruptive transformational changes. Therefore large MNCs look forward to creating an ecosystem for players where we can co-create value for the customers, shareholders, employees and society. In fact many big rms have set up corporate venture initiatives to encourage intrapreneurship. We tell our employees that if you have ideas with a good revenue model and you're ready to execute it, we will provide the necessary platform to take it to market. The encouragement could be in the form of funding, or sabbatical, or infrastructure support, etc basically enabling them to pursue their ventures. Some rms partner with startups or academia, especially in high risk research or new technology projects. Some rms have discovered ecosystem partnerships to be an excellent due diligence tool for strategic alliances. At ADP, we have our “Marketplace”, companies can integrate employee data from ADP core services across other business systems, providers or platforms. Clients, partners and developers now have access to ADP's application programming interfaces (APIs), which can enable the exchange of data housed in ADP's databases. By unlocking our APIs, we opened up a world of possibilities to help companies create a unied HCM ecosystem informed by a single repository of workforce data. For e.g., you can create a survey tool or an employee 3