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Information about Back Office

A back office is a part of most corporations where tasks dedicated to running the company itself take place. Examples of back-office tasks include IT departments that keep the phones and computers running, accounting, and human resources. 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 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. 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. Although the operations of a back office are usually not thought of, they are a major contributor to a business

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References

Class A Office Space describes the highest quality office space locally available. The architecture of Class A office structures always prioritizes design and visual appeal over cost, and sometimes over practicality - a Class A building can be considered a monument and a testament
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In Business, front office refers to Sales and Marketing divisions of a company. It may also refer to other divisions in a company that involves interactions with customers.

In Information Technology, front office may refer to an integrated CRM software.
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A mobile office is an office built within a truck, motorhome, trailer or purpose built shipping container. Most common are towable offices built on an axled iron frame for easy relocation. See also modular buildings] that offers re-locatable offices.
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The paperless office is now considered to be a philosophy to work with minimal paper and convert all forms of documentation to a digital form. The ideal is driven by a number of motivators including productivity gains, costs savings, space saving, the need to share information etc.
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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 to other companies.
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Small Office and Home Office or SoHo, or Small or Home Office or Single Office/Home Office deals with the category of business which can be from 1 to 10 workers.
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Virtual Office is an environment that enables a network of co-workers to run a business efficiently by using nothing other than online communication technologies.[1]
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Business law
Business organizations
Basic forms:
Sole proprietorship
Corporation
Partnership
(General · Limited · LLP)
Cooperative
USA:
Business trust · LLC · LLLP
Delaware corporation
Nevada corporation
UK/Commonwealth:
Limited company
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Information technology (IT), as defined by the Information Technology Association of America (ITAA), is "the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware.
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Accountancy (profession) or accounting (methodology) is the measurement, statement or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies,
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Human resources is a term in which many organizations describe the combination of traditionally administrative personnel functions with performance management, employee relations and resource planning. The field draws upon concepts developed in Industrial/Organizational Psychology.
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In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled (see settlement). Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying transaction.
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Settlement (of securities) is the process whereby securities or interests in securities are delivered, usually against payment, to fulfill contractual obligations, such as those arising under securities trades.
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Outsourced is a modern day comedy of cross-cultural conflict and romance, directed by John Jeffcoat, released in 2007.
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In Business, front office refers to Sales and Marketing divisions of a company. It may also refer to other divisions in a company that involves interactions with customers.

In Information Technology, front office may refer to an integrated CRM software.
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In Business, front office refers to Sales and Marketing divisions of a company. It may also refer to other divisions in a company that involves interactions with customers.

In Information Technology, front office may refer to an integrated CRM software.
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The middle office is the group of employees in a financial services company that manages risk, calculates profits and losses, and (generally) is in charge of information technology.
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Virtual Office is an environment that enables a network of co-workers to run a business efficiently by using nothing other than online communication technologies.[1]
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