At investment banks, the back office will also be in charge of completing the administrative tasks associated with trades such as settlements, regulatory compliance and position clearing. Vous bénéficiez d'un droit d'accès et de rectification de vos données personnelles, ainsi que celui d'en demander l'effacement dans les limites prévues par la loi. Normal, le back-office, par définition, c'est ce qu'on ne comprend pas et qu'on ne voit pas. The front officeis the "face" of the company and is all the resources of the company that are used to make sales and interact with customers and clients. The back office in an investment bank might encompass departments like I.T., operations, HR, accounting and compliance. posted by John Spacey, January 09, 2018 Back office is any department or team in a firm that doesn't directly interact with the customer. Translate back office into Spanish. Wörterbuch der deutschen Sprache. Additionally, remotely employing back-office staff allows companies to access talent in various areas and attract a diverse pool of applicants. Also called operations department. Today, most back-office positions are located away from the company headquarters. Elles sont facilement reconnaissables et peuvent être fonctionnellement et spatialement séparées du reste des opérations. Les grands groupes ont tendance à externaliser leurs services de back office, ou à les automatiser. Back office definition: the administrative and support staff of a financial institution or other business | Meaning, pronunciation, translations and examples Research show that companies without visibility into back office processes and a way to manage performance, employees are only 34% productive—a statistic that could cost you upwards of $26,000 per year per employee. They perform functions that mostly focus on processing or support. For example, a manufacturing equipment salesperson may enlist the help of back-office staff to provide accurate information on inventory and pricing structures. Back-office functions … Pronunciation . / ˌbæk ˈɒf.ɪs / us / ˌbæk ˈɑː.fɪs / the part of a business company that is concerned with running the company and that does not deal directly with customers or the public : I worked for several years as an … The North American Securities Administrators Association (NASAA) is an organization of securities regulators whose aim is to protect investors from fraud. Elles sont souvent reléguées en périphérie des grandes villes là où les loyers commerciaux sont plus faibles, externalisées auprès de consultants ou prestataires extérieurs, voire éventuellement délocalisées dans des pays à bas coût. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. The back office is all the resources of the company that are devoted to actually producing a product or service and all the other labor that isn't seen by customers, such as administration or logistics. A stockbroker is an agent or firm that charges a fee or commission for executing buy and sell orders for an investor. chevron_right Backoffice - Teil der Unternehmensstruktur. En informatique, le back office est une partie d'un site Internet ou d'un système informatique. Back-office definition is - of or relating to the inner workings of a business or institution : internal. The back office refers to the part of a company's office that isn't client-facing. If it costs $1,000 per month to secure office space per individual, a housing subsidy of $500 per month would result in an overall savings of $6,000 per year. Als Backoffice bezeichnet man den Teil eines Unternehmens, der nicht originärer Teil des Kerngeschäftes ist, sondern zu dessen Aufrechterhaltung dient. Les informations recueillies sont destinées à CCM Benchmark Group pour vous assurer l'envoi de votre newsletter. The back office is comprised of the areas that don’t directly generate revenue for the business, but provide vital support and administration. (as modifier): back-office operations. Back Office Application: A back office application comprises the software that an organization uses to administer operations that are not related to any direct sales effort (such as a salesperson with a customer present) and interfaces that are not seen by consumers. Définition du mot Back Office Le back office regroupe un ensemble de tâches administratives ou logistiques liées à la vente (déclaration TVA, mise à jour des stocks, livraison, moyens de paiement, etc. It's essentially the department that provides support to the front office positions with their various responsibilities. Alternatively, many companies have chosen to outsource and/or offshore back-office roles to further reduce costs. Though it varies from one firm to another, the work in the Back Office roles is significantly different from the Front Office and, with the exception of corporate credit risk roles, may not provide a Front Office hopeful with the needed experience to make such a transition. Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services. The back office can be thought of as the part of a company responsible for providing all business functions related to its operations. Business process outsourcing (BPO) is a method of subcontracting various business-related operations to third-party vendors. 2. Le back-office, également nommé service d'appui ou post-marché en langue française, est constitué de l'ensemble des activités d'administration, de contrôle et de supports d'une entreprise. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Back office. Back Office Executives do not interact directly with clients but work behind the scenes to ensure the smooth running of the company. On pourra retrouver comme service par exemple : ajout des produits et des services ; Retail back-office software is used to manage business operations that are not related to direct sales efforts and interfaces that are not seen by consumers. Benefits include rent savings and increased productivity. A home office is an area in a person's residence reserved for business activities. The physical location within a business where records are kept and processed. Real estate marketing professionals frequently interact with sales agents to create attractive and relevant marketing materials, and IT professionals regularly interact with all divisions within the company to ensure proper functioning systems. Though this saves money for the company, the employee may also have to accept a lower salary if they are moving from a Front Office position in a central location to a more remote location or even a work-at-home arrangement. Unter Berücksichtigung der Lizenzvereinbarungen dürfen Sie das Dokument verwenden, verändern und kopieren, wenn Sie … The back office is the portion of a company made up of administration and support personnel who are not client-facing. Les activités de back-office sont caractérisées par le fait qu'elles n'ont pas besoin d'être situées à proximité de la clientèle de l'entreprise, et peuvent être aisément séparées fonctionnellement et géographiquement du reste des opérations quotidiennes. Et pourtant, tout le monde connaît le terme. Many business school students from non-target colleges and universities see Back Office work as a way to gain experience within a firm and potentially network up into the Front Office roles. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The back office is the portion of a company made up of administration and support personnel who are not client-facing. Le back-office, également nommé service d'appui ou post-marché en langue française, est constitué de l'ensemble des activités d'administration, de contrôle et de supports d'une entreprise. Parmi ces activités, on peut citer notamment les services de paye et de facturation, les services informatiques, ou encore le démarchage téléphonique des clients. Employees in the back office are responsible for several administrative tasks including maintaining records, data management and more. Le back office (service d’appui ou post-marché selon la terminologie officielle française) est l'ensemble des activités de soutien, de contrôle, d'administration d'une entreprise. notes Inhalte. The cost savings can be significant when employing many remote professionals. De plus, étant peu exigeantes en contact… Backoffice verständlich & knapp definiert. a. the administrative and support staff of a financial institution or other business b. The term is most commonly used in the banking industry but is applied to other industries as well. The front office represents the customer-facing function or department of a firm, typically composed of administrative and sales personnel. 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Some firms offer incentives to employees and applicants who accept remote positions. They perform key administrative duties as well as research, data analysis, and accounting functions. Many are located in cities where commercial leases are inexpensive, labor costs are low, and an adequate labor pool is available. The Client-Facing Functions of the Front Office, What You Should Know About Business Process Outsourcing, North American Securities Administrators Association (NASAA), Depository Trust and Clearing Corporation (DTCC). Definition of back office in English: back office. Big compagnies tend to outsource their back office services, or to automatize them. Broadly speaking, back office work includes roles that affect the costs side … Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services. An office or center in which the administrative work of a business is carried out, as opposed to its dealings with customers. Dans un environnement client-serveur, on considère que le client fait office de front-end alors que le serveur fait office de back-end. The term "back office" originated when early companies designed their offices so that the front portion contained the associates who interact with customers, and the back portion of the office contained associates who have no interaction with customers, such as accounting clerks. (2) (BackOffice) An earlier suite of network server software products from Microsoft that was licensed as a bundle. Contrast with front office. A back office in most corporations is where work that supports front office work is done. En savoir plus sur notre politique de confidentialité. The middle office is the department in a financial services company, investment bank, or hedge fund that sits in between the front and back office. 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