The back office plays a fundamental role in the follow-up of a contract after a deal is made. For example it is responsible for the distribution of information to external stakeholders in order to execute the deal : banks and central banks for payment, bank and custodians for settlement, counterparties for confirmation, etc. It is equally responsible for the distribution of information internally for various purposes : accounting, front office, audit, management, etc.
A business process is a series of dependent activities which use the resources of an organisation to create a result in an observable or measurable outcome, such as a product or a service. Process Management is concerned with the definition and documentation implementation and monitoring of such procedures to ensure that they can be maintained and improved in a structured way.
For many years Finalyse has placed great emphasis on the importance of back office and particularly on the strategic advantage of efficient systems integration to the monitoring and verification of inter-related operations. Finalyse's back-office expertise brings together functional understanding of financial products and market practises, experience with in-house systems and well known back-office software packages together as well as good knowledge of accounting rules and audit methods.
Armed with the appropriate Business Process methodologies (ISO 15504, SAS70) and tools (Visio, Aris), Finalyse can help you to optimise your business processes, to handle any business analysis required to build a back-office system or interfaces between various systems and to implement software packages.
