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 ?
Until the scope of the assignment hear at least the following topics - Once supply and implementation (including appropriate links and migrations) of a back office application for the Social Domain.
We're proud that our back office applications add a tremendous amount of value to the restaurant operators," said Terri Williams, chief operating officer, MenuLink.
The two-way integration between Intuit QuickBooks and Soffront CRM preserves the investment in your accounting system while extending critical back office application functions into the front office to eliminate duplicate work and to increase visibility.
The intent of the two companies is to extend the enterprise wireless solutions to additional front office and back office applications exploiting the unique features of Nokia's business terminals and IBM's Wireless Enterprise Delivery Environment and to provide both backward and forward compatibility with legacy systems, a crucial element in helping enterprises secure their current IT investments.
It enables small & medium ISV's, SI's and end user IT departments to develop front-office consumer applications or enterprise back office applications across various deployment models like standalone, client/server or web-based.
Rodopi Software is a global leader in the design of robust, 100% web-based automation and back office applications that provide comprehensive provisioning, billing, and automated customer care solutions to Internet service providers (ISPs), hosting service providers, application service providers (ASPs), and Internet telephony (VoIP) providers.