Manufacturing and Distribution
IQ BackOffice makes your back office as efficient as your shop floor
“For one of the largest paper mills and packaging companies in the USA and Canada, we automated, reengineered and implemented a new Accounts Payable process. Previously, the client had high exception rates in the matching process of over 30%. Utilizing IQ BackOffice’s technology and best practices, we provided data to our client to help them reduce this to below 10%, all while reducing their costs by over 50%.”
IQ BackOffice Accounting Solutions for Manufacturing and Distribution Companies
- Handle blanket as well as regular purchase orders
- Complex unit of measure conversions
- International tax issues
- Classify exceptions by type of exception to understand the root cause of problems
- Invoices with missing PO information
- Complex discounts
- Receiving issues
- Problems with expired PO’s and those over their limits
IQ BackOffice partnered with Hair Cuttery in their acquisition of one of the largest chains of hair salons in the country with over 500 stores. IQ designed and implemented an entire state-of-the-art back office infrastructure in 30 days including a new accounting system, EDI systems, payroll platforms for over 7,000 employees as well as all of the associated business processes and reporting. IQ saved Hair Cuttery over 80%, while providing best practice financial business processes and technology and excellent quality and services.
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.
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.