Using a proprietary platform, IQ BackOffice provides Fortune 500 back office solutions to its clients at a fraction of their current internal cost. We serve a variety of industries including Restaurants and Hospitality, Manufacturing and Distribution, Healthcare, Financial and Professional Services, Technology, Entertainment, and Real Estate and Property Management.
Let’s take a closer look at some of the back office functions and services we provide:
IQ Backoffice Proprietary Archimedes Platform
Accounts Payable
- Invoice Receipt (Paper / Electronic)
- Approval
- Exception Resolution
- Matching
- Vouchering
- Disbursement
- Customer Service
Accounts Receivable
- Billing
- Cash Application
- Collections
- Dispute Resolution
- Statement Generation
- Customer Service
Payroll
- New Hire and Termination Processing
- Timesheet Receipt
- Salary/Pay Rate changes
- Bonuses
- Payroll Balancing
- Manual Checks
- Payroll Processor (ADP) Management
Benefits to Our Clients
- Process management tool for IQ BackOffice and clients to jointly manage transactional processes in real-time
- Automates traditionally paper based processes including electronic/paper receipt, electronic routing, approvals, exception management and resolution with appropriate controls
- Highly scalable, no cost to add additional client users so opens up process to anyone at the client (previously restricted to accounting system users)
- Augments client’s accounting system without replacing it so all client data still resides in client’s accounting system
- Web-based, developed internally; no third party software licensed
- Low client risk, high reward
- Similar technology sold for over $250,000 license fee plus 20% annual maintenance fee plus per user fees or heavy transaction fees
