A back office is the set of administrative sectors and functions that are behind a company’s operations, including legal, financial, HR, accounting, and other areas.
Behind any business, there’s the backstage that makes the wheels turn. Customers might not even know, but behind the products and services they consume, there is always a back office.
But how does a back office work? Read on to learn the role of a back office in businesses, and why automatizing it can be vital to optimize internal processes.
What a financial back office is
Any process in a company generates costs or savings and requires attention regarding tax and accounting documentation. A financial back office is responsible for dealing with this oversight to ensure the closing of accounts