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I.Q. BackOffice

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About

IQ BackOffice is the leading accounting automation provider, offering 99.97% quality and up to 68% savings to companies around the globe. Our accounts payable, accounts receivable, reconciliation and managed payroll technology and services can leverage your existing systems to deliver significant process improvements, with complete process transparency and faster access to information. Working with IQ BackOffice drives lower costs, better decision-making and stronger financial controls for our clients.

We reengineer business processes to take advantage of best practices and standards to help our clients achieve greater efficiency and flexibility, quality and real-time access to vital financial information for more informed decision making.

IQ BackOffice’s clients range in size from mid-sized to multi-billion dollar public and private companies in industries that include restaurants and hospitality, real estate and property management, manufacturing and distribution, retail, utilities, energy, financial services, professional services and others.

I.Q. BackOffice company structure

Information Technology & Services

Sample highlight service offering of I.Q. BackOffice

Full Service Accounting Outsourcing, Accounts Payable Outsourcing, Accounts Receivables Outsourcing, SAAS, Accounting Automation, Accounts Payable Automation, Managed Payroll, Payroll Services, Bank Reconciliation Services, Accounting Services, Remote Accounting, and Remote Workforce

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Highlights

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Details

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Contact information

310-861-3671

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https://www.iqbackoffice.com/

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About I.Q. BackOffice: Review and comparison

IQ BackOffice is a financial Business Process Outsourcing (BPO) services provider headquartered in El Segundo, California. IQ BackOffice has provided finance and accounting automation services to businesses in industries ranging from restaurants to steel manufacturers since 2002. 

This BPO company focuses on providing customized financial outsourcing solutions through a proprietary platform that “leverages our clients’ existing infrastructure to deliver significant process improvements and faster access to better quality information.”

IQ BackOffice currently employs over 500 people at its branches in the Philippines, India, and the United States. While the latest annual revenue is unknown, they have achieved $150 million in annual revenue in the past, according to their biography of CEO David Schnitt. 

I.Q. BackOffice Outsourcing

The full-service accounting team of this BPO firm has over 100 years of combined experience providing comprehensive back-office financial services to companies across multiple business sectors. 

The members of the IQ BackOffice team have experience at companies like Citibank, PeopleSoft, California Pizza Kitchen, Ford, and top companies in other major industries like manufacturing, energy, and healthcare.

I.Q. BackOffice’s BPO services and pricings

IQ BackOffice is a global BPO provider that offers a range of finance and accounting services, including:

  • Financial process automation
  • Managed payroll
  • Accounts payable
  • Accounts receivable and billing
  • Business continuity
  • Full-service accounting outsourcing 
  • Software as a Service (SaaS)
  • Bank reconciliation and daily deposit verification
  • Fixed asset reporting

IQ BackOffice’s pricing

IQ BackOffice’s price structure is individualized based on each company’s needs. They offer free benchmarking that examines each company’s processes and creates an improvement plan with anticipated Return on Investment (ROI) and cost savings that typically average 50-70%.

How I.Q. BackOffice outshines its competition

This BPO firm prides itself in delivering “lower costs, better decision-making and stronger financial controls for our clients.” IQ BackOffice achieves this with, according to their website:

  • A management team with veterans of several industries;
  • Strong partnerships with other financial service providers;
  • Their core values of excellence, integrity, innovation, enterprise, and people;
  • Their guiding principle of continuous improvement and results in accounting, operations, and technology.

IQ BackOffice handles $18 billion in transactions annually and is one of the most successful companies providing financial process automation to businesses worldwide, 

Key executives

David Schnitt (CEO)

David Schnitt has been the President and Chief Executive Officer (CEO) of IQ BackOffice since January 2002. Schnitt has an MBA from Cornell and served as the CEO of companies like Ledgent and HrMail before taking over operations for IQ BackOffice. 

Peter Jimenez (Vice President and CFO) 

Peter Jimenez became the Vice President and Chief Financial Officer (CFO) for IQ BackOffice after serving six years at Citibank Shared Services as their Senior Vice President. He’s a Certified Public Accountant with over 25 years of experience in business process outsourcing and IT consulting.

I.Q. BackOffice reviews and comparisons

IQ BackOffice is a finance, accounting, and human resources BPO provider headquartered in the United States. While we don’t currently have a wealth of reviews for IQ BackOffice, we suggest that you compare the company to other financial BPO providers that serve large and mid-size companies in the United States, India, and the Philippines. 

I.Q. BackOffice’s contact information

I.Q. BackOffice’s main headquarters is located in:

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Further, you may virtually reach out the company through the following contact information:

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References

https://www.glassdoor.com/Overview/Working-at-IQ-BackOffice-EI_IE645956.11,24.htm

https://www.crunchbase.com/organization/iq-backoffice

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About OA

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The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 3,000+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

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