Back-office activities can’t be described as client-facing tasks, but have a predetermined role. Today, advanced companies prefer back-office outsourcing because they clearly understand the level of its importance. Employees who staff the back-office are not in touch with clients directly but have close relationships with the front-office staff. Perfect cooperation between back-office and front-office employees is fundamental to the uninterrupted operation. A few of the things they do are content moderation, data entry, order processing, image and video annotation, and many other areas, based on the specific industry and organization. Management should understand that the department responsible for the internal operations of the company needs specialists with more experience because they perform more advanced functions and have more obligations.
Rational administration of back-office and client support assists businesses to fulfill their obligations to the customer in terms of precise and punctual implementation of products and services. As reported by the Aberdeen Group, the elimination of flaws in the back-office and its modernization increases the satisfaction of clients with the company's service by more than 2-fold. Moreover, this research shows that an improvement in employee productivity was realized by a factor of 11, 8. On the other hand, analyzing back-office pros, today's BPO trends demonstrate the creation of the second-highest employment. Besides, understanding the prospects that are open to companies after the implementation of effective back-office support, is also necessary to put the theoretical knowledge into practice and understand its functionality.
What Are Back-Office Support Services?
Several roles comprise the back-office of an institution and each of them will present it uniquely. If we also take into account the industry in which the company operates, this fact becomes even more relevant. As we have already mentioned, the function of the back-office is a documentary and electronic registration and support of market transactions concluded by dealers (traders) of the front office, as well as analytical (internal) transactions between organizational units within the system of redistribution of financial resources. The perspectives that the business community held about the back office have changed a lot, the same as their functional background.
Taking into account the needs of today's business industry, we provide the following back-office support solutions, which are designed for a variety of tasks.
It is responsible for user-generated content submitted to the online platform. The mission of content moderation is to make sure that content is categorized appropriately, free of fraud, and does not have anything unlawful in it.
Back-office data more often refers to financial data, both your own and that of your clients and candidates. This involves the process of inserting data into a computer or other device for further transactions.
Virtual Assistant (Administrative Support)
Specialization is focused on providing administrative services to clients and performing the following tasks: travel arrangements and management of email accounts, scheduling business meetings, making phone calls, and others.
Another responsibility of the back office is market studies, data collection and analysis, and other research efforts. Collecting and manipulating research data is one of the critical keys to the productive operation of the whole company, and the seriousness of this activity alone is impossible to overestimate.
It is the control of the work process from order placement to delivery. It is a fundamental part of order fulfillment in the retail trade because the reliability, responsibility, and accuracy of the back office are the reasons for the satisfaction of all customer needs. Stage-by-stage order processing is characterized as follows: picking, sorting, tracking, and shipment.
Image and Video Annotation
These are the tasks of annotating graphic content with labels. These labels allow machines to interpret visual data for the implementation of further operations.
Operations with financials are almost the primary component of back-office support activities. Back-office specialists can produce an annual financial report, a balance sheet, including a cash flow, and account reconciliation report.
The functions of transaction processing consist of executing the operations necessary to run a business, for example, employee accounting or airline ticket reservations, etc.
Given the multitasking nature of the back-office support system, it's quite obvious that it's necessary to have professional employees who can interact with all the functional content. Only highly qualified staff will be able to set the pace of the company's development clearly and successfully.
Why Is It Critical To Opt for a Competent Back-Office Provider?
Although many people think that working in the back office is not difficult and is just a stepping stone to the transition to the front office, the need for professionals in this area is enormous. Although people now prefer automating some activities, only specialists can cope with multitasking work. Being a fundamental element of the whole business, the back-office team sees in which direction the company should go and what to do to prevent even the smallest problems. This fact should be taken into account in the allocation of human resources of the company because it will help to reinforce your company’s infrastructure and maintain quality business activities.