IQ BackOffice Announces Year End Update in 2015

New client wins demonstrate growth in full service accounting outsourcing capabilities

EL SEGUNDO, Calif., Dec. 21, 2015 /PRNewswire/ — IQ BackOffice, a leading global accounting outsourcer, today released its year end updates, reporting several new client wins and expansion in full service accounting with the addition of Valleigh Valaughn Holdings/ Vernon Davis Enterprises, LLC.

IQ BackOffice will be providing Valleigh Valaughn Holdings/ Vernon Davis Enterprises with full service accounting for its Jamba Juice locations, providing technology and services to support the management of general accounting, financial statement reporting, accounts payable, sales daily deposit verification, bank reconciliation, managed payroll, fixed assets accounting, and taxes and licenses processing.

The addition of Vernon Davis Enterprises is the result of IQ BackOffice’s continued dedication to its full service accounting offering – particularly in the restaurant industry. IQ BackOffice already supports a number of Denny’s and Jamba Juice Franchisees. In January, IQ BackOffice partnered with Intacct, a leading provider of cloud financial management and accounting software. The integration of the Intacct web accounting software in IQ BackOffice’s solution allows IQ to partner with clients to oversee and manage their accounting processes.

In addition, IQ BackOffice welcomed Beachbody, LLC, a leading innovator in fitness and nutrition known for powerhouse brands like P90X, Shakeology, the Beachbody on Demand digital streaming service and many more. IQ BackOffice also welcomed Kings Daughter’s Medical Center Brookhaven, MS a leading provider of health and wellness care.

“We are excited to work with the welcomed additions to our client portfolio of industry leaders. We look forward to helping them achieve efficiency in transaction processing and significant cost savings,” said David Schnitt, President and CEO of IQ BackOffice. “We’re excited to work with Valleigh Valaughn Holdings/ Vernon Davis Enterprises as they grow their Jamba Juice business. This year we’ve seen growing interest in full service accounting outsourcing and have made significant investments as a company to be a leading solution in the industry.”

About IQ BackOffice
IQ BackOffice is a global leader in business process outsourcing, delivering customized solutions for its clients and boasting 99.97% quality and up to 68% cost savings. By reengineering existing processes such as accounts payable, accounts receivable, and payroll, IQ BackOffice reduces costs, enables better decision-making and creates stronger financial controls. Clients range from mid-sized to multi-billion dollar private and public companies, across industries such as restaurant and hospitality, real estate and property management, manufacturing and distribution, telecommunications, utilities, energy, financial services, professional services and others. IQ BackOffice is majority-owned by LiveIt Investments Limited, the holding company for Ayala Corporation’s investments in the business process outsourcing sector. Ayala was established in 1834 and is one of the leading conglomerates in the Philippines.

For additional information, please contact:
Alyssa Scott
+1 212-614-4012