back office

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Back office

Brokerage house clerical operations that support, but do not include, the trading of stocks and other securities. All written confirmation and settlement of trades, record keeping, and regulatory compliance happen in the back office.

Back Office

The various administrative and support offices of a company, especially a financial services company. The back office departments handle internal accounting, compliance with government regulations, legal matters, settlements, and clearing services. While they do not generally deal with clients, they are necessary for the smooth function of the office. See also: Front office, Middle office.

back office

The physical location within a business where records are kept and processed. In the case of a brokerage firm, the back office includes the section where individual account records are kept, checks are processed, and security certificates are sent. Also called operations department.
References in periodicals archive ?
Growth in customer deployment of BackOffice has resulted in unprecedented developer and channel support.
By partnering with BackOffice Associates, you can reap the benefits of business process harmonization," said BackOffice Co-Founder and CTO Tom Kennedy.
As the first company to deliver a Microsoft-compliant BackOffice ERP solution, Baan has enabled Microsoft customers to leverage their current IT investment and build a premier ERP solution," said Craig Fiebig, BackOffice, group product manager, Microsoft Corp.
NEC has shown tremendous active and ongoing support to enhance ISV programs for BackOffice," said Craig Fiebig, BackOffice Group Product Manager, Microsoft Corp.
BackOffice tools, methodology and experts ensure ERP investments deliver the value expected and required on go-live day.
Our customers are telling us that one of the advantages of Microsoft BackOffice is the integration, and they want to see that carried over into third-party products as well," said Bob Muglia, vice president of development for Windows NT(TM) and Microsoft BackOffice at Microsoft, whose team developed the logo program.
Windows(R), Office and Microsoft BackOffice offer customers one
Microsoft BackOffice as they chart their future enterprise strategies.
Founded in 1996, BackOffice began with just two employees, Co-Founders Tom and Trish Kennedy.
Industry leaders demonstrated a broad commitment to the Microsoft BackOffice family, as Digital Equipment Corp.
BackOffice Associates, LLC, the leader in ERP data migration, data governance and master data management (MDM) solutions for Oracle[R], SAP[R] and other ERP vendors, today announced charitable contributions to local Harwich, Massachusetts organizations for the Thanksgiving and Christmas holiday season.
5 /PRNewswire/ -- Microsoft Corporation (Nasdaq: MSFT) in New England announced Microsoft BackOffice at the Boston Park Plaza Hotel to more than 1,000 corporate and government customers.