ENTREPRENEURSHIP

Detailed explanation-1: -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.

Detailed explanation-2: -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.

Detailed explanation-3: -Back office outsourcing is the process of delegating back-office functions to a third-party service provider. The primary reason for back office outsourcing is to save on costs brought by hiring more employees and purchasing office equipment.

Detailed explanation-4: -Work alongside other departments to ensure protocol is being followed in compliance with company policy. Assist the front office team and fill in when necessary. Perform market research. Perform administrative duties such as making reports, printing, photocopying and sending emails, and ordering office supplies.