Our solutions enable companies around the globe to automate, reengineer and streamline the complex financial processes they manage. Whether it is Accounts Payable, Accounts Receivable, Payroll or other processes, 99.97% quality and up to 70% cost savings is standard. See how IQ BackOffice can improve your business.
IQ BackOffice works with leading global companies which include the world’s largest steel manufacturer, the largest technology and entertainment conglomerate, large retailers and restaurant chains across thousands of stores and e-commerce sites. Other major clients include distribution, energy, healthcare, real estate, and financial services companies.
Our proprietary platform leverages our clients’ existing infrastructure to deliver significant process improvements and faster access to better quality information. Business Process Outsourcing with IQ BackOffice delivers lower costs, better decision-making and stronger financial controls for our clients.
It All Starts With a Leading-Edge Platform
IQ’s proprietary Archimedes platform automates your financial processes, and we help you reengineer those processes to fully take advantage of our technology. The result is a fully optimized process with better performance in all key areas – timeliness, quality, cost and service levels. In contrast, most automation solutions in the marketplace rarely reduce effort and therefore have a negative ROI.
For example, with our innovative IQR technologies, we can process most transactions without human intervention with almost 100% quality. Transactions get processed almost immediately upon receipt at high quality and low cost.
Bullet-Proof Your Company from External Events
IQ’s solution is in the cloud and highly automated, with built-in redundancy of technology, processes and people. During the Covid-19 pandemic, IQ not only continued to serve our clients without a hiccup, but also continued to grow as clients realized the value of our virtual solutions in uncertain times.
Reengineered, best practice processes, automation, transparency and control
Whether you need to upgrade from a platform that worked for your company when it was smaller or you are just starting to digitize the AP process, IQ can help you quickly attain a best practice AP process using the latest technology.
When one of our clients was purchased by a global clothing wholesaler and retailer, we implemented our AP solution alongside their SAP environment, digitizing all of their paper, automating coding and workflows, controlling their inventory, processing every transaction within 24 hours of receipt and cutting costs by 54%.
Comprehensive Billing, Cash Application and Collections Management
Working capital is the lifeblood of a company, but it’s still largely tracked via hand-processed billing, cash application and collections management. IQ BackOffice is ready to move you forward with web-based workflows and automated processing that can cut your costs by up to 70% while providing real-time insight into your accounts receivable and cash flow.
Our client, one of the largest restaurant chains in the USA with over 220 locations, was struggling with the Accounts Receivable of third party delivery services such as Doordash and UberEats. IQ developed a process to effectively reconcile and collect all of the monies due to our client, ensuring that they were being charged correctly, received all of their credits and properly recorded income and expenses.
Increase your savings and control
Companies outsource payroll more than any other function, but many never see the results they expect. At IQ BackOffice, we know that payroll is more than calculating withholdings and cutting checks. We will keep your company current on regulations, efficiently process hires and terminations, generate more accurate data and quickly resolve employee issues.
When a private equity firm purchase a retailer with over 500 locations, we were able to get payroll up and running for over 7,000 employees within a few weeks and ensure accuracy and timeliness from then on.
Automation, reduced Costs, Better Control and More Informed Decisions
IQ BackOffice offers complete accounting services that combine top-to-bottom process reengineering and best practices with web-based workflow systems. We leverage your existing infrastructure to reduce errors and lower costs while improving your controls and deliver real-time insight into your financials at all levels.
When a private equity firm purchased one of the largest chains of hair salons in the USA, we implemented a brand new cloud-based accounting platform, integrated it with a new POS system, developed and implemented all financial processes including Accounts Payable, Payroll, General Accounting, Fixed Assets, and Taxes and Licensing processes within a few weeks, delivering close to real-time financials and saving our client 70% of their back office costs.
By embracing AI as a strategic tool and fostering a collaborative environment, accounting outsourcing firms can empower businesses to achieve long-term financial success and navigate the complexities of modern finance with greater confidence.
By diligently tracking key metrics, coupled with a culture of continuous improvement fueled by open communication, employee development, and an embrace of innovation, accounting outsourcing companies can gain a competitive edge.
When making this critical decision, it’s essential to understand that accounting goes beyond just balancing books—it’s about steering the business toward long-term growth and financial success.
FOs and business owners understand the importance of efficient financial operations. One area that often presents challenges is invoice processing.
Proactive accounts payable management is the way to achieve financial efficiency. By diligently addressing errors upfront, you prevent a domino effect of wasted time, resources, and potential cash flow disruptions.
Accounts Payable often gets relegated to the background, viewed as a purely transactional function. However, neglecting best practices in this seemingly mundane area can have a ripple effect, impacting cash flow, supplier relationships, and even your reputation.
Using a proprietary Accounting Outsourcing platform IQ BackOffice provides Fortune 500 back office solutions to clients at a fraction of their internal cost
Well-designed financial processes, based on sound accounting principles and control mechanisms, built around workflow and imaging technology = Success.
How can an organization solve Accounting Transaction Processing problems while assuring the highest level of efficiency and cost savings? Outsourcing!
We would like to hear from you! If you have a question or comment about our Business Process Outsourcing services, or you’d like an IQ BackOffice representative to contact you, please use the form below. We’ll also send you a link to our Corporate Brochure.
2121 Rosecrans Avenue, Suite 3350
El Segundo, CA 90245
USA
310-322-2758
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We would like to hear from you! If you have a question or comment about our services, or you’d like an IQ BackOffice representative to contact you, please use the form below.
