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IQ BackOffice Business Process Outsourcing:

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Business Process Outsourcing Services

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

Accounting Outsourcing - IQ BackOffice Offer the Full Suite of Services

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

Accounting Outsourcing - Insights

How Can Outsourcing Accounting Make Accounting Departments More Efficient?

Outsourcing has become a popular strategy for businesses looking to improve efficiency, and the accounting department is no exception

Outsourcing Accounting Services: Is It Worth The Effort and Cost?

With the steady reinvigoration of the economy, outsourcing accounting services is growing and proving to be a popular business solution

Top 10 Trends in AP Outsourcing

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