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 ?
Back office [productivity] issues stem from an often complex environment.
Integrated document imaging has also been added to Compeat Back Office, which allows a scanned image of an invoice to be attached to the receiving detail, allowing it to be viewed or printed as needed.
The Verso Back Office solution monitors and controls all traffic on the network, allowing efficient route management, account status monitoring, and billing tracking.
As a result of expanding back office capacity and improving quality control by outsourcing with Guardian Mortgage Services, Yale Mortgage is positioned to help even more subprime property owners across the country.
Provides an overview of the issues and trends driving governments to reform back office processes and discusses the ways agencies incorporate BI solutions into their transformations
Under the agreement, JPMorgan HFS will take over Henderson's hedge fund middle and back office and its employees which service 14 hedge funds representing approximately $2 billion of assets.
These features work together to enable back office reform by providing governments with insights into their processes and gain intelligence from captured data.
Enterprise content management solutions such as EZContentManager reduce labor requirements dramatically while increasing back office efficiency and customer service effectiveness, perhaps more than any other technology in the back office," Church noted.
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 report provides a thorough review of version 5 of Enkata's OPM solution, which includes Enkata Back Office Performance, Enkata Contact Performance and Enkata Voice of the Customer.
The firm is responsible for filing over 90% of the worlds tax reclaims on American Depositary Receipts as it acts as the back office for four out of the five ADR sponsoring banks.