Sep 18, 2008 14:04
16 yrs ago
English term

back office

GBK English to Multiplelanguages Bus/Financial Business/Commerce (general)
Definition from Alan V. Deardorff:
Refers to the activities of a firm that are necessary to its functioning but are not directly part of production, such as accounting.
Example sentences:
ANZ India is set to transfer 400 back office jobs from Australia and New Zealand to India in the next eight to 10 months. (The Telegraph of Calcuta)
Financial institutions all around the world are saving millions by successful transformation of their back office operations. Major European banks are doing everything possible to make their back office operations faster, cheaper, more secure and more effective. (Jacob Fleming Conferences)
Back offices of traditional money mangers are now being faced with the tracking, accounting, reporting, analytics and performance measurement of these complex assets. Without this back office capability, it becomes more difficult to maintain the existing business, and even more difficult to grow total assets under management. (Thomsom White Paper)
Change log

Sep 21, 2008 14:54: changed "Stage" from "Submission" to "Selection"

Jan 6, 2009 17:00: Mauricio Zoch

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