IQ BACKOFFICE Accounting Outsourcing – Proprietary Archimedes Platform

Dave SchnittAccounting Outsourcing, Why IQ BackOffice

IQ BackOffice Business Expansion

Using a proprietary platform, IQ BackOffice provides Fortune 500 back office solutions to its clients at a fraction of their current internal cost. We serve a variety of industries including Restaurants and Hospitality, Manufacturing and Distribution, Healthcare, Financial and Professional Services, Technology, Entertainment, and Real Estate and Property Management.

Let’s take a closer look at some of the back office functions and services we provide:

IQ Backoffice Proprietary Archimedes Platform

Accounts Payable

  • Invoice Receipt (Paper / Electronic)
  • Approval
  • Exception Resolution
  • Matching
  • Vouchering
  • Disbursement
  • Customer Service

Accounts Receivable

  • Billing
  • Cash Application
  • Collections
  • Dispute Resolution
  • Statement Generation
  • Customer Service

Payroll

  • New Hire and Termination Processing
  • Timesheet Receipt
  • Salary/Pay Rate changes
  • Bonuses
  • Payroll Balancing
  • Manual Checks
  • Payroll Processor (ADP) Management

Benefits to Our Clients

  • Process management tool for IQ BackOffice and clients to jointly manage transactional processes in real-time
  • Automates traditionally paper based processes including electronic/paper receipt, electronic routing, approvals, exception management and resolution with appropriate controls
  • Highly scalable, no cost to add additional client users so opens up process to anyone at the client (previously restricted to accounting system users)
  • Augments client’s accounting system without replacing it so all client data still resides in client’s accounting system
  • Web-based, developed internally; no third party software licensed
  • Low client risk, high reward
  • Similar technology sold for over $250,000 license fee plus 20% annual maintenance fee plus per user fees or heavy transaction fees
Summary
Article Name
Accounting Outsourcing - IQ BackOffice Archimedes Platform
Description
Using a proprietary Accounting Outsourcing platform IQ BackOffice provides Fortune 500 back office solutions to clients at a fraction of their internal cost
Author