Back office
play a major role in contributing to business and are seldom prominent. It
defines as a part of corporation where task are given to run the company by its
own. The building layout of old companies where the sales and other customer
staff contain front office and those who develop the product and manufacture in
an administration without being seen by the customers
Including
one in other countries, B.O functions can be outsourced to consultants and
contractors. You will see it located somewhere other than company headquarters.
With cheap rent and lower labor cost many countries provided it in different
area. For tenants some office parks provided it whose front office is expensive
neighborhoods?
The best
example of B.O is sales. It play a typical role in sale providing a main role
internally which give duties such as finance, marketing, operations support,
order fulfillment and duties which involves re- dying customer support such as
call centre.
Some
Examples of B.O includes IT Department that include accounting, phones &
Computer running such as operation architecture, human resources. These IT task
are supported by it to secure software like ecommerce that store company data
for e.g. database. This database will keep all the record of company sales,
purchase transaction and update all the inventory as needed such as receipt,
invoice and all types are report are store in the it system. In banking, keeping
clearance and settlement offer it which handles a heavyweight IT processing
system. Another example of it is the investment firm which include the of
securities, trade settlement & regulatory compliance.
The leader
of the B.O is the manager which coordinates the entire <a href=http://www.valadbsol.com/>back office provider</a> management system.
Depending on the company size the B.O recruit few administrative workers or as
many as thousand of employee which split into job specific teams. To keep the
systematic organization, it has a team leader where member usually report or
department head who reports the main management head.
B.O Management
main motto is to provide facilities to day to day business operations. The task
which the customer or public will provide for it can end up supporting any
tasks directly. The worker of it should be prepared for the unfamiliar tasks that
become assigned to it support. It management also involves in outsourcing
duties to administrative firm located all over the world. This outsourcing
management help the business to cut cost but it effect is that the contracted team
of B.O supports not works hard to manage operation administrative activities.
To have a
successful it management the manager must have to follow some tips to keep its
company to top such as: Management processes which include balancing and reconciliation,
monitoring and measurement to have integrity and performance. Core
processes which contain duties like accounting, and reporting
transactions originated at the front office, capturing, processing, and recording.
Governance
processes which provide internal and external audit as well as
regulatory compliance, to test, validate, and certify the integrity of the core
and management processes.
