IQ BackOffice

IQ BackOffice provides business process outsourcing for finance teams. It combines its own automation platform with an offshore team that works inside the client's existing systems.

What IQ BackOffice offers

• Accounts payable — invoice processing and payment handling.
• Accounts receivable — collections and account reconciliation.
• Payroll — management of payroll cycles and compliance.
• Financial reporting — reporting and compliance support.
• Process automation — workflows meant to cut manual data entry.

Who it works with

The company targets large and mid-sized enterprises. Its clients include retailers, restaurant chains, distributors, energy, healthcare, real estate and financial services firms. A case study describes building a full accounting and payroll set-up for a large US salon chain.

Key facts

• Leadership: David Schnitt, President and CEO
• Delivery model: dedicated offshore staff who act as the client's employees
• Approach: clients keep control of their own processes