Back office
From ACT Wiki
The part of the treasury organisation that administers and supports the trading activities of the treasury front office.
The back office’s main functions are to process, confirm, verify, settle, reconcile and record financial market transactions.
The back office is also responsible for ensuring that the organisation’s treasury management policy and controls are followed, as well as ensuring general compliance with rules and regulations.
In a more general sense, the term refers to all administrative functions that support an organisation and includes areas such as payroll and expenses, accounts payable, accounts receivable and accounting.
See also
External linkls
Masterclass: Segregation of duties Treasurer article; www.treasurer.org
