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 ?
Designed for real estate businesses, FNIS BackOffice Financial Analyst drills down to the transaction details and eliminates connectivity difficulties, while creating graphically simple reports, automatic updating, complete financial worksheets for each real estate office and budget vs.
As an SAP OEM partner, BackOffice Associates will have access to powerful SAP technologies that will help optimize business results for customers and enhance its already successful partnership with SAP.
Mark Logan joins BackOffice as Chief Sales Officer.
Our ability to augment and support SAP solutions in the area of data services and information, while leveraging our content library, will provide a tremendous benefit to customers," said David Booth, President and CEO of BackOffice Associates.
I look forward to working with this seasoned professional who represents our next phase of growth as a company," said Jim Rogers, Chairman of BackOffice.
To commemorate this significant achievement, BackOffice will be hosting a celebration at the Wychmere Harbor Club in Harwich Port, MA for customers and employees.
With over 450 Boring Go Live implementations delivered since 1996, BackOffice facilitated a seamless migration for Estee Lauder, moving tens-of-thousands of material, vendor and customer master records.
BackOffice Associates([R]) has always been dedicated to delivering 100% successful and affordable ERP projects," said Tom Kennedy, BackOffice Associates CTO and Co-Founder.
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, announced today it has been listed as one of the "Largest Private Companies" in the Boston area by the Boston Business Journal.
BackOffice employees are donating presents and gift cards to four sponsored teenagers.
As CEO, I motivate my team, keeping them engaged and focused on the goal," said Trish Kennedy, CEO of BackOffice Associates.