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IQ BackOffice

3.6/5 • Glassdoor rating


Established in 2002, IQ BackOffice Inc. is a leader in Finance Accounting Automation and Outsourcing with offices in El Segundo, California, Manila, Philippines, and Chennai, India. IQ processes millions of transactions, valued at billions of dollars annually, for its clients.

IQ BackOffice solutions enable companies around the globe to automate, reengineer and streamline the complex financial processes it manages. The services IQ offers include Full Service Accounting, Accounts Payable, Accounts Receivable, Payroll, and other processes at a 99.97% accuracy rate and up to 70% cost savings.

IQ BackOffice provides high-quality accounting solutions that make its clients more efficient and help them focus on their core businesses. It combines accounting expertise, operational excellence, and innovative technology to turn paper processes into web-based workflows. IQ BackOffice brings SSAE 18 SOC1 Type II standards to back office processes and seamlessly integrates its client’s vendors and customers into the client’s infrastructure.

What IQ BackOffice offers its clients

IQ BackOffice provides reliable and innovative back-office services for companies in a range of industries including clients in Manufacturing, Distribution, Retail, Restaurant, Hospitality, Education, Financial Services, and Real Estate.

IQ BackOffice provides outsourced solutions for:
Full-Service Accounting
Accounts Payable
Accounts Receivable
Managed Payroll
Daily deposit verification
Cash and credit card reconciliation
Fixed asset reporting


2121 Rosecrans Ave, 90245, El Segundo, California

Public or Private


Seats or staff



$100 mil. - $250 mil.





David Schnitt, President

Year Founded


Countries of fulfillment
  • India
  • Philippines
  • Finance & Accounting
Contact information

(310) 322-2311

About IQ 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.  

IQ 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.

IQ 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 IQ 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.

IQ 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. 

IQ BackOffice’s contact information

IQ BackOffice’s main headquarters is located in:

2121 Rosecrans Ave, 90245, El Segundo, California

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

In addition, you may email them at [email protected] or call (310) 322-2311.

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About OA

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The Outsource Accelerator website has over 5,000 articles, 450+ podcast episodes, and a comprehensive directory with 3,900+ 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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