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It also has sophisticated logic to check for duplicate documents above and beyond the functionality found in accounting systems to reduce client spend and improve quality. IQ BackOffice is the leading accounting outsourcer, offering quality savings to companies around the globe. Our accounts payable, accounts receivable, payroll & human resources services leverage your existing systems to deliver significant process improvements & faster access to information. 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.
Intacct is the only cloud accounting software company to be appointed a preferred provider of financial applications by the AICPA. IQ BackOffice will use Intacct’s capabilities to deliver both financial and operational information and reports, including cloud-based drill-down financial statements, in real-time to clients.
The restaurant industry has opportunities for savings by using supply chain principles to focus both on the costs of services as well as putting focus on increasing accuracy and efficiency in the procure-to-pay process. Enhancing its all-inclusive, global and seamless end-to-end solution, IQ BackOffice strategically partnered with Cambridge Global Payments to give clients a more seamless global procurement through payment processing solution. The new strategic alliance will enable companies to implement efficient invoice processing for their customers, while at the same time, allow them to enjoy efficient cost savings of automated payments processing to vendors across the globe. His years of working experience in IT consulting, business process outsourcing and shared services operations has given him the opportunity to manage multi-year financial planning and business operations cost modeling. He has as well driven a lot of Finance transformation initiatives in process reengineering, risk and control management and operational effectiveness.
Archimedes Facts
In the U.S., IQ BackOffice is looking for experienced sales executives with a record of identifying, capturing and closing business process outsourcing opportunities with clients at all levels. Please complete the short form below to if you are interested in applying at IQ BackOffice in the United States.
At IQ BackOffice, we firmly believe that our business is about providing solutions to clients that not only provide the highest levels of quality and customer service at the lowest cost, but most importantly drives efficiencies in their day-to-day activities. This allows our clients to focus on more value-added activities or focusing on their core business. The payroll department processes new hires, terminations, sends salary, hours and hourly rate data to the payroll processor, coordinates the delivery of paychecks and provides a customer service function to employees. The payroll department also becomes the expert in terms of payroll rules and regulations and corporate compliance. Working with IQ allows me to remove myself from the day to day …
For IQ’s Full Service Accounting clients, IQ recommends Intacct’s innovative and award-winning accounting suite which is the AICPA preferred financial application. A well-designed process that utilizes accounting best practices and sound technology enables us to manage your Accounts Payable process to the highest standards. The old adage “if you can’t measure it, you can’t manage it” is quite true. At a minimum, we measure transaction volume, cycle time, quality, customer service and cost for each process. These measurements are taken at various steps or groups of steps in the process so we can understand, for example, steps that might be a bottleneck or a focal point for quality improvement.
Accounts Receivable Automation And Outsourcing
Here is the most relevant information connected with archimede login, including phone numbers, addresses, locations and more. When typing in this field, a list of search results will appear and be automatically updated as you type. Using best practices and process efficiencies, IQ cut the disbursement cycle to one day. The post IQ BACKOFFICE Accounting Outsourcing – Proprietary Archimedes Platform appeared first on IQ BackOffice. The post IQ BackOffice – Guiding Principles to Continuous Improvement and Results appeared first on IQ BackOffice.
Mr. Johnson is responsible for IQ BackOffice business development. He has more than 25 years of experience as a business manager and consultant. Mr. Jablonski has extensive experience with PeopleSoft ERP implementations and client servicing. He has served as a PeopleSoft consultant to such organizations as Charles Schwab, Canon Computer Systems and Southern California Gas. Additionally, he led the PeopleSoft implementation teams for major IT projects at Sierra Systems Group, CKR Enterprises and ACE Parking. He is considered an industry expert on outsourcing trends and the evolution of the virtual business.
This is a detailed combination of IF…THEN…ELSE conditions that a person has to go through with each accounting transaction to ensure it is properly coded, approved and entered. IQ’s business rules typically run to over 1,000 pages of documentation, which is much more detailed than either a typical department documents or even Sarbanes-Oxley documentation.
Financial Services & Investing Overview
They were unable to quantify and measure exceptions to implement process improvements to reduce them. Accounts Payable is entirely dependent on the individuals working in the process, as very little prevents clerical personnel from making errors and little can be done to ensure that all business rules for processing are being followed correctly. As the shift to automating and optimizing the delivery of services along the supply chain becomes increasingly prevalent, I want to share my thoughts on how to best embrace the changes ahead. When people used to talk about supply chain, they would refer to how manufacturers got goods from suppliers to deliver products to customers.
- We collect data from third-party websites, official websites, and other public sources.
- When we doubled in size in a short period of time IQ seamlessly scaled processing in line with our business needs.
- YAML is to text what James Joyce’s Finnegan’s Wake is to English.
- Within this section we offer you tools to help you make better use of our research …
- Angie is a Six Sigma YB and Operational Excellence practitioner, a Certified Management Accountant, and a member of the Institute of Certified Management Accountants – Australia.
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Finastra today announced its collaboration with HUBX to bring increased efficiency to corporate lenders during the loan syndication process through the reduction of manual processes. Increase your efficiency and control with outsourced invoice processing. Her responsibility is to ensure that the financial reports and IQB deliverables to the clients are done accurately and timely.
She is responsible with bringing the right talent to complete our Operations Team in Chennai and ensure we continue to provide excellent services while absorbing new clients in implementation. The IQ BackOffice team has more than 100 years of experience providing outsourced back office services to companies of all sizes across a range of industries. We needed automation and workflow and Archimedes provides audit trails, visibility and controls. IQ assisted us with our software selection and, as a Sage Intacct Accounting Partner, has an in-house support team to assist us with the system including supporting integration with our other systems and writing custom reports. Archimedestech.com – Archimedes Technologies, LLC is a full service IT Consultancy and Support firm serving small and medium business in northern New Jersey and eastern Pennsylvania. Established in 2001 by a senior Wall Street IT manager with 30 years of experience, we provide responsive, professional, and affordable technology support. The group’s new investor, Archimedes Health Investors, is a New York-based private equity firm focused on supporting high-growth health care companies that improve the quality of care and reduce health costs.
The number of configuration points and server-side setups start to mount quickly and we haven’t even started orchestrating applications yet, which is the whole point of the orchestration system we’re supposed to be setting up. Our best practices approach gives you better control over your processes. Instead of going through stacks of invoices and file folders, with a few clicks, you can drill down into any invoice to see its status, find out who needs to review it, know how long they’ve had it in their inbox, and approve it for payment. By seamlessly integrating each aspect of the process, IQ Back Office simplifies payroll outsourcing. Our familiarity with the leading payroll processors ensures we can get the most out of your current infrastructure, improving your service levels and decreasing your costs while maintaining regulatory compliance. “We’re thrilled to embark on this partnership to see its effects on our business, as well as to bolster the efficient back office processes we custom design with our clients.”
The post November 9, 2015 – Restaurant Industry Operations under Growing Pressure to Balance Labor Costs, Big Data and Profits appeared archimedes.iq backoffice first on IQ BackOffice. Today discussed the “growing trends, challenges and opportunities” facing the industry in 2016 and beyond.
Leading In Process Automation Solutions
We recognize the unique challenges facing this industry, including receiving invoices at many geographically diverse locations, payrolls with high turnover, large amounts of cash, credit card payments and numerous fixed assets. Edward’s background covers both business and technical functions. Within Information Technology, he has extensive experience in SAP and other ERP solution design and implementations, business intelligence architecture, business process management & automation, software design and development, as well as technology security and governance. Edward’s non-technical experience covers project management, finance & accounting, manufacturing and customer service operations. Top public and private equity-backed companies choose IQ BackOffice to implement and manage world-class financial processes to benefit from best-in-class accounting, visibility and internal controls. IQ BackOffice is the most valuable vendor partner that I have onboarded at both my present and previous companies. We are regularly discovering additional back office processes that can be more efficiently and cost effectively handled by IQ.
Line Shape Space explores the question, “why outsource accounting?” Dive into 5 reasons why it can benefit your business’ back office accounting. “Both companies are focused on helping customers increase efficiency and drive increased growth, and we look forward to working with IQ BackOffice to help joint customers better manage their business.” IQ used Archimedes to build a custom accrual extract, allowing Veeco to capture at any time all in-process invoices for accrual purposes for a rapid month-end close.
IQ BackOffice also welcomed Kings Daughter’s Medical Center Brookhaven, MS a leading provider of health and wellness care. Will be displaying, sharing and presenting their views on the 2016 trends and challenges facing the industry and the solutions, tools and options that can be utilized to meet them.
Key financial benchmarks can help Denny’s operators identify potential issues before they become problems. Restaurant industry sales are expected to hit a record high of $709.2 billion in 2015, according to the National Restaurant Association. In the first four months of 2015 alone, restaurant sales were up 9 percent according to the Census Bureau, which tracks official retail sales numbers. However, as restaurant sales continue to rise, cost pressures such as minimum wage and ACA regulations are making it increasingly more challenging to operating a restaurant. In a low margin business where every penny counts in the drive to maximize profitability, restaurants need to be hyper focused on cash flow as well as return on investment. While many processes in the supply chain – traditionally focused on materials – are already automated, there are those, particularly in services, that will change dramatically in the years to come.
It’s not news that technology continues to change the way we work. With such a heavy focus on cost efficiency, there has been an increased focus on optimization to get ahead – something I’ve seen in the behind-the-scenes work driving today’s supply chain. CFOs can take a more proactive role in the development of the company’s technology changes including software purchases, upgrades and overall strategy. Additionally, it’s important for CFO’s to encourage their organizations to do an ROI analysis on all software investments—both before the software is purchased and after—to ensure results are achieved. He worked on multiple global technology and process implementation programs with large Global shared services & BPO companies such as Ford, Accenture, HP & Tata Consultancy Services. He is a six sigma GB certified professional with a Bachelors in Commerce and a Masters in Business Administration from Madras University.
During her college years, she interned with Merrill Lynch and KPMG. Youni brings a unique blend of accounting work experience and socially savvy management skills well suited for the business process outsourcing sector. Her industry experience and successful ability to uphold the IQ BackOffice brand has helped to organically grow and develop our business.
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For example, some companies may sell you a simple software package with basic reporting and Optical Character Recognition technology that captures data off of invoice images but leave you and your staff stuck dealing with all the data exceptions. Automation without re-engineering inefficient processes simply speeds up a bad process and may require more work to integrate new software with your financial system. TheIQ BackOffice teamhas more than 100 years of experience providingback officeservices to companies of all sizes across a range of industries.