A back office is a part of most corporations where tasks dedicated to running the company itself take place. Class A Office Space describes the highest quality Office space locally available The middle office comprises departments of a Financial services company that manage position-keeping (i In Business, front office refers To Sales and Marketing divisions of a company A mobile office is an office built within a truck Motorhome, trailer or purpose built Shipping container. Historical perspective The paperless office was a Publicist 's slogan meant to describe the Office of the future. A serviced office is an Office or office building that is fully equipped and managed by a Facility management company which then rents individual offices or floors Virtual office is a term for shared office services which normally includes business address mail & courier services, Phone services Fax services answering A corporation is a separate legal entity usually used to conduct business Examples of back-office tasks include IT departments that keep the phones and computers running (operations architecture), accounting, and human resources. Information technology ( IT) as defined by the Information Technology Association of America (ITAA is "the study design development implementation support Please note that the term operations architecture is also used in an aerospace context Accountancy or accounting is the measurement statement or provision of assurance about financial information primarily used by Lenders managers, These tasks are often supported by back-office systems: secure e-commerce software that processes company information (i. e. a database). A back-office system will keep a record of the company’s sales and purchase transactions, and update the inventory as needed. Invoices, receipts, and reports can also be produced by the back-office system.

In banking the back office is the heavyweight IT processing systems that handle position keeping, clearance, and settlement. In Banking and Finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled (see settlement Settlement (of securities is the process whereby securities or interests in securities are delivered usually against payment to fulfill Contractual obligations In investment firms, the back office is the administrative functions that support the trading of securities, including recordkeeping, trade confirmation, trade settlement, and regulatory compliance. If used in sales, the back office fulfills customers’ orders and may usually perform the duties involved in customer-support call centers.

Sometimes back offices may be somewhere other than the main headquarters of a company. Much of the time they are in suburban areas with cheaper rent, or these functions are outsourced to contractors in other countries. Outsourced is a modern day comedy of cross-cultural conflict and romance directed by John Jeffcoat, released in 2006. This global back office is referred to as cross-border business-process outsourcing.

The term comes from the building layout of early companies where the front office would contain the sales and other customer-facing staff and the back office would be those manufacturing or developing the products or involved in administration but without being seen by customers. In Business, front office refers To Sales and Marketing divisions of a company Although the operations of a back office are usually not thought of, they are a major contributor to a business.

See also

• Front office
• Middle office
• Virtual office

References

• Business Link (2006). In Business, front office refers To Sales and Marketing divisions of a company The middle office comprises departments of a Financial services company that manage position-keeping (i Virtual office is a term for shared office services which normally includes business address mail & courier services, Phone services Fax services answering Maintaining your web content and technology. http://www.businesslink.gov.uk/bdotg/action/detail?r.s=sl&type=RESOURCES&itemId=1075383691. Retrieved Jun. 25, 2006.
• Haag, S. et al Management Information Systems for the Information Age (3rd Canadian ed. ) Toronto: McGraw-Hill
• Investorwords. com (2005). Back Office. http://www.investorwords.com/376/back_office.html. Retrieved Jun. 24, 2006.
• MSN Encarta Dictionary (2006). Back Office. http://encarta.msn.com/dictionary_561532699/back_office.html. Retrieved Jun. 24, 2006.
• General and Administrative Services (G&A Services). http://www.gaserv.com

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