Back Office

Written by Fmi.Online Friday January 6, 2023
The back office is the supporting department of the company that carries out administrative functions that assist client-facing positions in performing their responsibilities.

Explanation:

In general, the backoffice provides the required documentation and technical support to the front office to facilitate the course of work and the business transactions. People in the backoffice perform processing and data management tasks on projects handled by the front office such as keeping accounts, maintaining records, and checking regulatory compliance. In some companies, the backoffice is also specialized to the offering of accounting and finance services as well as settlements, clearances and IT services. Although the back office is not facing the customers, it is the backbone of the company as it handles several functions that are important for the best representation of the organization to the customers by the front office.

In a nutshell:

Backoffice means the admin employees who run the administrative side of the company.
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