rear office; administrative departments of a company, departments that have little or no contact with clients
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.
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Brokerage house clerical operations that support, but do not include, the trading of
stocks and other securities. Includes all written
confirmation and settlement of
trades, record keeping and regulatory compliance.
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