Definition of Back office:
An office or center in which the administrative work of a business is carried out, as opposed to its dealings with customers.
(U.S.) the general administration department of a company.
The part of a broking firm where the paperwork involved in buying and selling shares is processed.
The back office is the portion of a company made up of administration and support personnel who are not client-facing. Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services. For example, a financial services firm is segmented into three parts: the front office (e.g., sales, marketing, and customer support), the middle office (risk management), and the back office (administrative and support services).
The back office can be thought of as the part of a company responsible for providing all business functions related to its operations. Despite their seemingly invisible presence, back-office personnel provide essential functions to the business. The back office is an essential part of any firm and associated job titles are often classified under "Operations." Their roles enable and equip front-office personnel to perform their client-facing duties. The back office is sometimes used to describe all jobs that do not directly generate revenue.
(U.S.) the part of a bank where cheques are processed, statements of account drawn up and other administrative tasks are done.
How to use Back office in a sentence?
- Im definitely not the sort of bloke who can work away in a back office.
- The back office is the portion of a company made up of administration and support personnel, who are not client-facing.
- 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.
- Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services.
Meaning of Back office & Back office Definition