Take the time to get your back office in order.
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For instance, Plato uses Bubble for all its back office.
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Pilot helps startups and small businesses manage their back office.
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The Back Office Developers Ads don't work so well anymore.
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I was the front desk, he was in the back office.
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LD: Yes, but I have a lot of back-office support.
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These data and indexing businesses can easily integrate back-office functions.
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I was doing coke with the manager in the back office.
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Those computers run most internet services and corporate back-office operations.
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"The investment team, middle and back office remains unchanged," he said.
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In September, Wal-mart said it would cut 7,2.53 back-office jobs.
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Classwork covers marketing, fundraising and other back-office arts jobs, he added.
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Macy's will also cut an additional 600 positions in back-office operations.
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Essentially, it automates many of the non-revenue generating back-office functions.
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That could mean transferring back-office functions with big footprints like payroll.
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The positions were a mix of sales and back-office accounting jobs.
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The reductions will affect both front and back office work, it said.
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The layoffs would primarily hit staff and back-office functions, Danske said.
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The region has a shortage of both manufacturing and back-office workers.
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With improvements in back-office operations, a digital accelerant to crisis looms.
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But he believes they will be primarily in administrative or back-office functions.
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These are middle-office or back-office positions, rarely involved in investment calls.
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But Leonard himself said there were also lows, particularly in the back office.
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FMUs control the post-trade, back-office activities of payment, clearance and settlement.
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IT, for example, was still very much a back-office function back then.
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These occupations include everything from heavy manufacturing jobs to clerical, back-office work.
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Bengaluru and Hyderabad live off dull business-process outsourcing and back-office management.
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Their names and heights are marked on the door of a back office.
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Frank Wellhoefer, MD for investment controlling, back office and IT at MEAG, said the project allowed the firm to analyse the impact of blockchain technology on front-office and back-office processes as well as regulatory aspects from an investor's perspective.
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It will combine UBS's separate wealth management back office functions into one centralized unit.
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Chemours, spun off from DuPont in July, plans to then lease back office space.
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He also gets guidance with back-office functions such as accounting, IT and purchasing.
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"Data protection is not a back-room, back-office issue anymore," she said yesterday.
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The bank also plans to move more back-office staff to low-cost locations.
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It also comes at a time when the retailer is cutting back-office jobs.
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"The deal will close after they sort out more 'back office' issues," he noted.
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Demeatreas Whatley, the site supervisor, is catching up on paperwork in the back office.
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These systems can include supply chain logistics, energy grids and back-office financial operations.
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Gusto's software is designed to simplify back office functions like human resources and payroll.
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It is investing to bolster online and mobile banking while cutting back-office centers.
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In "Asia One," China is no longer the back office but the main stage.
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We had to change everything — the back office, the baseball operations is totally revamped.
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Standing Rock East, a center for Native American activism, occupies a small back office.
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Luxury groups can also multiply the effect of their marketing and share back-office services.
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Before she could do so, they handcuffed her and forced her into a back office.
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About 40 percent of Morgan Stanley's back-office employees currently sit in lower-cost locations.
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Western banks are moving back-office jobs east to pleasant, affordable spots such as Krakow.
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The bank is adding the back-office operations and underwriting staff needed for origination functions.
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"From an operations perspective, only back office systems integration and facilities consolidation remain," Reilly said.
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THEN YOU'VE GOT 43 BILLION OF THAT, THAT IS SALES RATIONALIZATION, IT'S BACK OFFICE RATIONALIZATION.
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Disastrous attempts to merge incompatible back-office systems may be a thing of the past.
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Many offer administrative or back-office support, handling tasks like soliciting proposals and mailing checks.
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The job cuts would mainly be in back office functions, Zurich said in a statement.
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But many people have become intrigued by its practical uses, such as updating back-office processes.
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And they're very generous towards us with helping with our back office and helping diligence deals.
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It will also cut 650 back-office jobs, and close a call center in St. Louis.
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WeTipp — Helps communities engage their members through their passions and skills, and automize their back office.
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Messenger now has more than 33,000 bots, helping companies to automate once costly back-office processes.
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The companies rely on SunEdison to make interest payments for them and for back office functions.
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For a bit of background, I had trouble getting service in my back office at home.
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It offers everything from back-office management and member communications to tee time and room reservations.
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My manager then called me into the back office to give me a performance improvement plan.
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It will add back office capabilities and new human resources services to PowerSchool beyond classroom products.
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Shultz had to be pushed into a back office with diplomatic security agents shielding his body.
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After the cops leave, Jack steps into the back office, which I am unable to access.
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Start-ups pursuing everything from cancer cures to back-office automation trumpet their deep learning expertise.
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When I visited in August, the trailer's back office was crowded with staff members entering data.
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I finished the set early, bolted up, ran to the back office and barricaded myself there.
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Employees at some Social Security sites, including back office operations, were still reporting for work Tuesday.
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The two sets of guest rooms would share a lobby, housekeeping services and back-office staff.
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Many SaaS startups are trying to take on the back office processes of the 20th century.
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I got $10 an hour, and every single day, I'd go 9-5 in the back office.
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Cross sees blockchain technology as a way to reduce high-level fraud and cut back office costs.
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Most of the reduction will involve back-office employees, although one investment team member is also leaving.
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"If you look at the back office, automation has been around for decades," AppZen CEO Kale said.
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Proponents of the budding technology say banks can replace back-office roles with automation, further slimming costs.
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Doing the same for all back-office functions would however be demanding and time consuming, Lacher said.
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Roughly 6,000 of the 7,000 employees who had their back-office positions eliminated were reassigned, Hargrove said.
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It essentially gives companies the applications they need to automate many non-revenue generating back office functions.
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Commerzbank is cutting jobs while focusing on digitalizing its back office and expanding its retail customer base.
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And they had a meeting in the back office, and he shot him a number of times.
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India is home to a vast number of back office operations for North American and European companies.
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The bank has also been focusing on digitising its back office and expanding its retail customer base.
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European companies do research in America, manufacturing in China and back-office work in the Middle East.
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Management: Agency deputies take a lead role in the back-office functions that support vital DHS missions.
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The bank has also been focusing on digitizing its back office and expanding its retail customer base.
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And like many small businesses, they have a dusty old computer humming away in the back office.
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Both companies, which have no employees of their own, also rely on SunEdison for back office functions.
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Other officials who have left included traders, back office staff and local country managers, the memos showed.
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The men grew increasingly violent toward Ms. Su, cornering her and her son in a back office.
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The back office automation software company began trading on the New York Stock Exchange on Thursday. Bill.
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The most crucial thing that a back-office firm offers advisers, though, is a sense of security.
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Back office operations are a natural fit for small towns as long as they have broadband access.
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They say it will free business owners to share tips with back-office workers, like restaurant dishwashers.
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These new tools empower middle and back office professionals to rapidly identify and address problems and deploy solutions.
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Chief information officers are no longer just leading teams in charge of back-office tasks like network security.
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The manager came out front to help while the desk clerk went to the back office, Shearson said.
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It's a move from the back office to the front office, at least that's what executives keep saying.
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In total, there are over one million people providing back-office support to 291m troops on active duty.
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When Cuban's Black Card didn't cut it, the nightclub had him call American Express in the back office.
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Mr Mayo points out that attempts to merge incompatible back-office systems have proven disastrous in the past.
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Candidates must have a proven ability to cut costs; experience of automating back-office functions is particularly valuable.
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That gives it greater ability to negotiate on newsprint prices and consolidate back-office and news-production functions.
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Then she did something odd: She took the contract to a back office and never returned with it.
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The bank's investment banking, asset management and back-office operations have not been covered by the travel advisory.
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She also refreshed the seven salons and created a new boudoir-like space from a former back office.
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IAG's boss, Willie Walsh, previously ran BA. IAG brought economies of scale and consolidation of back-office functions.
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ERP is a piece of software used by firms to manage their business and automate back office functions.
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It is reducing its staff while focusing on digitizing its back office and expanding its retail customer base.
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Front-office CRM software has already overtaken back-office enterprise resource planning (ERP) tools, were SAP is dominant.
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SocGen has strong market shares in the Czech Republic and Romania, where it has also based its back office.
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Then on the consumption side, 33D used to be meant only for background work, back office stuff like manufacturing.
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In 2016, the retailer eliminated 7,000 back-office positions and offered to move those employees to the sales floor.
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No longer are chief information officers regulated to back-office tasks like making sure networks are up and running.
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However, with new financial regulations, it became more efficient for the exchanges to merge and centralize back-office functions.
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The woman claimed that Haggis then insisted they go to a back office, where he quickly began kissing her.
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Back-office functions might gravitate to Warsaw or Bucharest, for example, and high-tech services to Berlin and Dublin.
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These back-office problems often cost large sums of money to complete, but mostly involve loads of data entry.
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" Maryland's "failed effort to retain several hundred back-office jobs ... highlighted the challenges posed by the area's high prices.
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"Generally the SWIFT board, with very few exceptions, are back-office payments people, middle to senior management," he said.
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The combination should bring cost benefits as the units combine legal, risk management and middle- and back-office operations.
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Perhaps because they are focused on grinding, multi-year restructurings aimed at digitising back-office processes and lowering costs.
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Fitch believes the projected cost saves of 0003% are reasonable given back-office and technological overlap between the entities.
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We see this as a compelling proposition to many of our customers, having both back office and front office.
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Setting up alongside the EBA could allow both to save on back-office services and foster a closer relationship.
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The companies expect to generate cost savings from combining their distribution and retail operations, production and back-office capabilities.
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Ermotti recently urged banking peers to work together to lower costs, which could include collaboration in the back office.
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The two are assembling a small support team which will also be assisted by Golden Gate's back office team.
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R.B.S. plans to shift about 300 of those positions to India, where it already has similar back-office operations.
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Such a requirement wasn't as necessary when they were tasked with more mundane tasks, like overseeing back-office applications.
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Energy companies hope to streamline back-office processes, reduce risk, better protect against cyber threats and ultimately save costs.
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That may seem far away, but for small business owners in the back office, that's just around the corner.
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Related bought the two Queens buildings last year, and is marketing them as back office space for Hudson Yards.
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RPA companies that are aiming to automate all back-office functions are also potential (if not existing) competitors, too.
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Franchises cost $15,000 to get started and include training, front- and back-office support, marketing supplies and ongoing coaching.
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Welch's departure comes only months after Ackman told investors that he was shrinking the firm, cutting mainly back-office staff.
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To offset the challenging trading conditions, TP ICAP said it was taking actions to reduce front and back office costs.
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The companies, which have no employees, rely on SunEdison to make interest payments for them and for back office functions.
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We help companies, the back-office and mobile workforce, reduce the number of cycles it takes to get work done.
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It now shares functions with neighbouring authorities, puts services out to tender and limits its use of back-office staff.
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Santander, a bank, has said that adopting blockchains could save the finance industry $20bn a year in back-office costs.
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LG: And I had to go down to some lower level and find a guy sitting in a back office.
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That Kindly Care provides payroll and other back office functions presumably help many families, and caregivers, rationalize the cost, too.
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There are dozens of un-obvious ones that are ripping through the back-office functions of many of these companies.
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Compton has been tapped to run the new back office service company that Barclays is creating, Reuters reported last month.
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The silos represent various back-office functions now run largely by software from tech giants like SAP, IBM and Microsoft.
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Putting together back-office data on contractors "is the key to building the world's most badass recruitment engine," said Johnston.
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The backward-looking Sonia rate has stolen a march, despite potential issues for liquidity management and loan back office functions.
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A combined middle- and back- office was created as part of this development, adding two new staff to the team.
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RewardStyle handles all the back-office administrative functions and processes payments from the retailers to its influencers every two weeks.
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The cooperative bank said it is creating a "Raiffeisenbank Services" department to support activities including back-office activities and marketing.
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New financial technology tools have been developed and are being used to create more efficient and effective back office operations.
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However, jobs involving mortgage origination, paralegal work, accounting and back-office transaction processing can easily be wiped out by automation.
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Firms could respond by cutting jobs, particularly among back-office staff, streamlining product ranges and making greater use of technology.
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"While some back office and management functions can be performed remotely, they are more effective from the office," said Rutledge.
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More likely, though, he will investigate roles in the back office, probably as a sporting director, when he does retire.
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That gives an unlikely back-office function the power to make or break tech-driven ambitions in 2020: human resources.
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Ishari, 27, is now a team leader at a back-office processing unit for Sri Lankan conglomerate John Keells Holdings.
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In his previous jobs, in back office and sales associate roles in stores, he earned $15,000 to $20,000 a year.
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Back-office personnel would move to Warsaw and investment bankers who advise French and Spanish companies would move to those countries.
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The suite includes a range of enterprise software including ERP (think back-office management), HR and CRM/CX (for customer management).
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Anderson said there were no plans to cut operations in the United Kingdom, Spain, Ireland and back-office operations in Germany.
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It also will launch additional products for investors to collect data from their portfolio companies and to manage their back office.
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The idea is that caterers can switch to GoCater as their only back office platform for both online and offline orders.
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Skolkovo will run the back office of the fund and fundraising while the partner funds will run deal flow and investing.
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However, financial institutions are hugely cumbersome, both in terms of their back office technology and their armies of well-renumerated staff.
|
|
Lütke again reiterated that even with Amazon's merchant tools, Shopify is the back-office that completes the stack, even on Amazon.
|
|
The cuts would reportedly be achieved by cutting back-office jobs, hiring less expensive workers and renegotiating contracts, among other options.
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|
The sources said the cost savings - mainly in back office and IT - would take several years to come fully into play.
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The cost savings — mainly in back office and information technology functions — will fully pan out after several years, the sources said.
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And honestly, too, there's a kind of back office, particularly the back legal office at HBO, that has been hugely supportive.
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As your friend tosses back office-supplied Cheez-Its and fruit snacks, her colon is quickly turning into a literal wasteland.
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We invite foreign capital There's big potential for back-office operations of financial firms which move away from London after Brexit.
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However, one of the sources cited internal calculations that there were around 2,000 too many people in centralized back office functions.
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NetSuite has more than 5,000 employees and specializes in accounting and other back-office e-commerce software, particularly for smaller businesses.
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Bond issuers appoint trustees to ensure that payments are funneled to investors, and handle back-office work after securities are sold.
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Not his usual friendly self, either — he just grabbed my manager and sat in the back office with the door closed.
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This is Spotify's seventh acquisition, and a rare one to enhance the company's back-office, rather than its customer-facing product.
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"Patrick said the changes were part of the company's "desire to move more investment from back-office to customer-facing operations.
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Does that ultimately mean that we're going to be seeing a lot more consolidation when it comes to the back office?
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A more humble version of the technology, instead, is making its presence felt in a less glamorous place: the back office.
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Those pirate jobs pay better and people such as yourself don't go around treating computer programmer pirates like back-office drones.
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Nancy doesn't ask to speak to your manager; she breaks into your back office and drags him out by his ear.
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Lounging in a back office at the church, surrounded by framed paintings of biblical landscapes, he sprinkled enchanted anecdotes in conversation.
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No other units in the bank, including back office or asset management teams, have been asked to re-consider existing travel plans.
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But he's allowed to keep trying because he's a Delos majority shareholder, and because he has the support of the back office.
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Layoffs would likely focus on the bank's Frankfurt headquarters - in the back office, investment banking, ship finance, compliance and personnel, it added.
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Robotics, logistics and back-office technologies give them the ability to move more goods and services across more industries than anyone else.
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Custodial banks typically provide back-office and other services that can include accounting, asset valuations, currency trading, portfolio servicing and stock lending.
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In Spain Santander is ramping up a digital sister bank called Openbank, with mobile products and its back-office in the cloud.
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Rail operators also had to develop and deploy a new radio system and back-office infrastructure, the Association of American Railroads said.
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SBTech will provide a consumer website, mobile apps and back office systems to manage online gaming and sports wagering for Churchill Downs.
|
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No other units in the bank, including back office or asset management teams, have been asked to re-consider existing travel plans.
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LONDON, June 20 (Reuters) - Britain's Lloyds Banking Group said on Wednesday it would cut 450 jobs, with mainly back office roles affected.
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Thousands of call centers in India provide back office services to these firms, processing everything from utility payments to credit card bills.
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MANAR is the company's core system for portfolio position-keeping, trade life cycle management, controls of investment constraints and back-office activities.
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Others like Gaurav Dhillon's SnapLogic are finding new and cheaper ways to do boring back-office jobs that consume companies' IT departments.
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Mr. Lee has also clearly studied the hospitality industry, and the details he offers about hotel back-office culture are great fun.
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Financial institutions have been investing in its development in the hopes that it can help reduce their back office costs and complexity.
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Even Stavos knew that something was going on in the back office, and he made sure not to tell on his bosses.
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Mr. Jackson immediately closed 23 big used-car operations and laid off 1,800 people, then consolidated back-office operations to cut costs.
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Among the jobs most at risk are in fast-food chains, grocery stores, retailers and in back-office administrative and clerical roles.
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Dustin Pittman's gaze roamed the bustling back office of Century 21 on Cortlandt Street, where Kim Shui was prepping her fashion show.
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For the critic's benefit, a chef-commander, summoned from a sister restaurant or a back office, may take over from a lieutenant.
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Cloud-based Medidata's software is used to help clinics manage back office operations and data, besides providing analytics tools, the report said.
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They are Malin Holmberg and Gilad Engel who will be supported by Venture Partner Rytis Vitkauskas along with back office and finance staff.
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In exchange for an equity stake, FinPlus offers target companies funding, office space, back-office services, product design, marketing support and industry analysis.
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Van Ness into the back office where Jorge is hiding, but Guillermo makes him leave before he finds any traces of American dinero.
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My boss calls the employee into the back office to discuss with HR. HR rep asks him if he does indeed have pot.
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As consumers switch to banking on their phones there are big opportunities to cut legacy IT spending and back-office and branch expenses.
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Cloud-based Medidata's software is used to help clinics manage back office operations and data, besides providing analytics tools, the report here said.
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The plan included costs saving actions such as consolidating its seven bank charters into one and consolidating risk and other back-office functions.
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Wall Street is betting blockchain and similar tools can be used to help slash some of their transaction processing and back-office costs.
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South Africa's Adcock would retain Adcock Healthcare's division that handles back office support services, quality control and assurance, among others, the firm said.
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Many of these providers lack staff to drive and manage enrollment, and don't have the back-office administration capabilities for billing and reimbursement.
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Ironically, this push toward the cloud could also be good for a few of Microsoft's old-fashioned back-office software offerings as well.
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Until recently, CIOs were largely regulated to overseeing IT teams in charge of managing back-office technology and helping employees with computers issues.
|
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Lawmakers on Tuesday called for a hearing on a Pentagon study that found as much as $2628 billion in wasteful back-office spending.
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At the end of the day, there is a front-office elected government and a back-office, Mullah-IRGC run theocracy in charge.
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Airline-booking software is the kind of back-office technology that seems like the last thing to attract the attention of antitrust regulators.
|
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That led to some changes, Mr. Gobioff said, with the help of Foundation Source, which provides advice and back-office services to foundations.
|
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The company said that the synergies will mainly come from offshoring selected support functions for client-facing teams, back office and IT support.
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Gorman and two patrol officers went in and encountered Ransom coming from a back office with what looked like a gun, police said.
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The two men, who are not related, worked briefly at Amazon's back-office operations in India before deciding to form their own company.
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"There is a substantial investment from Newlab, and in addition to capital, Newlab is providing all of the back-office services," Marconi said.
|
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In addition to store employees, it said it would cut 600 back-office jobs, with about 150 of those positions to be reassigned.
|
|
At the same time, non-store retail jobs —like back-office functions and warehouse employees for companies like Amazon — are at record levels.
|
|
The latest cuts at RBS are in information technology and back office positions that support the commercial, retail and private bank, the sources said.
|
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It is also outsourcing more of its back-office operations and relocating some staff to Utah from San Francisco to reduce expenses, he said.
|
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Holloway said she interviewed with several institutional investors who tried to sideline her to the back office, but she wasn't interested in those roles.
|
|
Indian outsourcing firms like Tata Consultancy Services (TCS), which provides low-cost back-office services, are now the biggest employers of H-13B workers.
|
|
"This is beyond the pale, and I think it was clear," said Andrew Frisch, a lawyer for Daniel Bonventre, the former back office director.
|
|
Replacement includes relocation to less convenient spots, reduced size and staff, and with the bulk of back-office work consolidated at off-site centers.
|
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They say the plan would not fairly compensate creditors for tax benefits and back office operations that would be transferred to the new company.
|
|
Brickvest is building a back office in Berlin and plans to grow its staff from five to 15 people over the next six months.
|
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"It has an ability to replace reconciliation, which is expensive and requires back office and time and paperwork with more instantaneous verification," he said.
|
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Technology improvements at banks, they said, have eliminated or reduced many back-office jobs at banks, and funds of funds are shrinking every day.
|
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The firm also will shut a recently opened shared-services office in Poland, which provides back office support to trading offices, a source said.
|
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In recent months, Commerzbank has been implementing a restructuring program, focusing on digitizing its back office, cutting staff, and growing its retail customer base.
|
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"I knew what the importance was of having a good relationship between me and the people doing the back-office work," Mr. Savino said.
|
|
Virgin also would combine the back-office functions and operations of Virgin, Tigerair Australia and its regional business to make decision-making more integrated.
|
|
Ms. McMahon ran the back office, establishing herself — not for the last time — as the even-keeled counterweight to a less-temperate leading man.
|
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When that song was about to start, I would hear the employees from the theater come out of the back office to see it.
|
|
If DNA is just a big Dropbox for all the back-office paperwork that sustains life, how hard can it be to bug-fix?
|
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Goldman Sachs is planning to move its back office out of Central to another part of Hong Kong, according to a report by SCMP.
|
|
The Pentagon has declared it a national priority to rapidly expand the military's use of AI everywhere from the battlefield to the back office.
|
|
I work in insurance and I know how many jobs there are in back-office functions in billing, collections, claim handling and customer service.
|
|
After stints waiting on tables and sorting mail, she landed a job in the back office of Wilson Sporting Goods in Chicago in 1976.
|
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A business-friendly state that has attracted back-office operations for major financial services companies, South Dakota was America's Top State for Business in 2013.
|
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Ireland is already one of the world's largest centres for back office banking functions such as settling transactions, many of them farmed out from London.
|
|
It also unveiled its "sports brain," on Saturday, a suite of software products designed to improve the back office of how sports events are run.
|
|
Chemours — The chemicals maker will sell the historic DuPont Building to privately held real estate firm Buccini/Pollin Group and then lease back office space.
|
|
Dublin-based Fenergo is among several fintech firms targeting the "middle office" - where the front office ends and before the back office deals with transactions.
|
|
The company also offers a suite of back-office services designed for agencies to help bring them on to its platform and generate additional revenue.
|
|
The ASX and DAH are hoping that blockchain will slash settlement times and streamline risk management, market supervision and back-office compliance for market participants.
|
|
There is now a good business back-office sector in Sunderland, employing about 14,000 people, and the city has had some success attracting software designers.
|
|
The store employee made the emergency call from a back office in the store where he says he and several customers hid after hearing shots.
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Fintech eliminates non-client-facing, middle- and back-office jobs in risk management, compliance oversight, report generation, trading execution, transaction settlements, and other operational functions.
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Since then DBS has reworked much of its back-office technology, moving more than 80% of its computing power off clunky mainframes onto the cloud.
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"HR has been the poster child of the sclerotic back office," said Robert Brown, associate vice president at Cognizant's Center for the Future of Work.
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Pershing Square Capital Management is laying off eight lower-level employees, largely from back-office roles in technology and investor services, sources told Dow Jones.
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Just as Microsoft's Excel spreadsheets changed finance departments, AI will make routine back-office work more efficient, says Morag Watson, BP's chief digital-innovation officer.
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ZURICH (Reuters) - Swiss lender UBS has cut 56 back-office jobs in Luxembourg, part of efforts to cut costs as banks struggle to grow revenue.
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The five employees included former back office director Daniel Bonventre; portfolio managers Joann Crupi and Annette Bongiorno; and computer programmers Jerome O'Hara and George Perez.
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Wal-Mart spokeswoman Deisha Barnett said the company will now cut back-office workers in all its approximately 4,600 stores over the next several months.
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Ray Wang, founder and principal analyst at Constellation Research says that Workday has been trying to be the end-to-end cloud back office player.
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Pearson said the restructuring would involve combining divisions such as its school testing and professional testing divisions in North America to reduce back office costs.
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BLOCKCHAIN THE MAIN FOCUS - UNTIL NOW Many large financial institutions support the use of blockchain, the technology underlying crypto-currencies, to improve back office processes.
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The cuts could entail up top 9,000 job cuts, sources tell CNBC, as the bank aims to reduce back-office jobs and investment banking positions.
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ICV, a black-owned firm, proved a formative experience for the pair, in which they learned about the business from the front through back office.
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Hundreds of other workers in back-office functions like human resources, legal and finance will be scattered among G.E's existing locations in Cincinnati, Norwalk, Conn.
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BT posted weaker-than-anticipated figures over the first three months of the year and announced plans to cut 13,000 managerial and back-office jobs.
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Simons's emphasis on what most of us think of as back-office functions is of a piece with the distinctive computational focus of the institute.
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He delivered a smooth, confident presentation, graciously thanking "the federation" — Goldman's term for its accounting, financial and other back-office employees — for its hard work.
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Ingla knew "in about five minutes" that he would accept the offer, and he spent the next few months building a back-office dream team.
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By the afternoon, our managers had us in an assembly line in our back office making face shields out of whatever we had on hand.
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He has reduced the size of the back-office and printing staff while increasing the number of journalists at the paper, to 20133 from 310.
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"If Angola was the front office of corruption, Portugal was the back office," said João Batalha, the president of the Portuguese chapter of Transparency International.
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The plan focuses on streamlining back-office corporate and support functions, tweaking product offerings and supply chain and looking for ways to reshuffle real estate.
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Share ownership in the United States is conducted through the Depository Trust Company, which was formed after the back-office scandal of the early 1970s.
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When we returned and sat in our seats and waited for Ryan to emerge from the back office, I looked around and did some math.
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Now, we want to use that team of experts we've assembled [including engineers, sales personnel, marketers, and back office operations employees] to support our portfolio companies.
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In September, it said it would slash 7,000 back-office jobs while it said in October 2015 that it was cutting hundreds of positions at headquarters.
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In many ways, the true design challenges lately have had less to do with runway offerings than with back office strategies for mapping and reconfiguring markets.
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The cyber attack on the company's back office systems was identified on Friday and disrupted production of Saturday editions of papers that use its production platform.
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The bank predicts that tech spend is going to eat into into back office jobs, branch jobs, call center jobs, capital markets jobs and corporate jobs.
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Those investments could go into a variety of fintech solutions, ranging from a mobile payment app for consumers to back-office automation for banks and advisors.
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Erste said it would invest further in the digitalisation of its back-office, but not spend as much as last year - addressing a concern among analysts.
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It has eliminated 33 internal legal entities out of about 300, allowing it to cut down on back office support and internal transactions, the source said.
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This means a company could manage applicants before hiring, keep track of back office tasks like pensions, and even track employee performance at a single location.
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The company said last week that it would cut hundreds of human resources jobs and last year announced plans to eliminate thousands of back-office positions.
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As well as 'robo advice', Blockchain-type distributed ledger technology could help managers trim mid- and back-office costs, around custody and trade reconciliation for example.
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We've focused on front-office execs that bear the primary responsibility for driving the group's revenue — no operations or back office roles appear in our chart.
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Some back office workers are confused about which entity they will end up working for and concerned about losing their jobs, two of the sources said.
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Rhodes's windowless back office, which doesn't have a TV screen, is an oasis of late-night calm in a building devoted to the performance of power.
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He says the proposals unveiled Monday will cost $66 million, but include $38 million in savings when back-office functions of the two agencies are combined.
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Boardriders, which is roughly 85 percent controlled by Oaktree, said its purchase would complement existing brands, allow for "deeper" partnerships with suppliers and back-office savings.
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It has more than 3,000 staff in those countries, although many will stay because Danske will not close its large administrative back-office operation in Lithuania.
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Workday has been trying to become a one-step solution for all back-office services for small and medium sized businesses in a fiercely competitive market.
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Shipamax, the London-based startup and YC graduate that is helping freight forwarders and other logistics companies automate their back-office processes, has raised $7 million.
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Brokers are leaving top Wall Street houses to establish independent shops, farming out back-office and custodial responsibilities to firms like Schwab, TD Ameritrade and Fidelity.
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McDermott, with the Callidus deal, is beating a path from the back office - SAP's traditional domain - to outward-facing functions such as customer relationship management (CRM).
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We often discuss the need for more women in the boardroom, but what about in the locker room, a team's back office and on the sidelines?
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On a wall near the gallery's back office, a manifesto by experimental composer and filmmaker Tony Conrad, from his 1995 CD Slapping Pythagoras, savages Pythagorean harmonics.
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Babel Systems, founded in 2008, helps with middle and back office processing of equities, bonds, and funds, and works with the likes of robo-advisor Nutmeg.
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It's probably easier to understand after reading my explanations: In other words, Upflow has created a brick that sits between your company's back office and your customers.
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A GE spokesman confirmed that up to 792 gas power jobs could be cut, with the remaining 252 positions at risk mostly in back-office support functions.
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SAP is best known for managing back-office components with its ERP software, but this adds a cloud-based, front-office sales process piece to the mix.
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It will cut about 3,000 associate jobs and more back-office and call center positions, as well as create a "voluntary separation opportunity" for 165 senior executives.
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Though this is an industry standard business model, Terminal collects a higher percentage because of its service approach that includes the physical offices and back-office support.
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A central system for checking clients' basic data for a number of banks could reduce back-office costs by 10 percent, according to the Boston Consulting Group.
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That will result in the loss of about 100 back office jobs in New York and over 10 positions at its customer-facing front office, Reuther said.
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It will cut about 3,000 associate jobs and more back-office and call center positions, as well as create a "voluntary separation opportunity" for 403 senior executives.
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Its procedures, both front and back office, are fully digital, resulting in a claimed three minutes it takes for customers to pick and purchase an insurance product.
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This has the potential to create further positive operating leverage and Fitch expects management to continue to focus on optimization of the middle and back office operations.
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Risks also arise from installation mistakes or growing moves to link traditionally back-office business systems to the cloud in order to reach mobile or online users.
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JPMorgan has bought a building in the city, and is expected to move more middle and back office jobs - such as risk management and deal processing - there.
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Zomato's bosses have grander goals: to create a back office for restaurants worldwide and to design, among other things, table-booking gizmos and terminals to compute bills.
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The longtime Microsoft bull Keith Weiss of Morgan Stanley believes that Microsoft's back-office software could become a dark horse driving growth in the months to come.
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We are really just trying to be a software as a service [SaaS], the back office to all of these businesses, and we charge a monthly fee.
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As chief information officers emerge from the back office and gain increased authority internally, they need to be more knowledgeable on the business side of the organization.
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LOL expects to realize an additional $211 million in synergy cost savings phased in over the next two years related to supply chain and back office initiatives.
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Proponents say it will help make some of their most burdensome back-office processes, such as the clearing and settlement of securities, simpler, cheaper and more transparent.
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In May, the bank said it was eliminating 154 contractor roles and making an additional net 92 job cuts in an overhaul of its back office operations.
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"We believe Workday remains an obvious complement to Microsoft's enterprise portfolio where Dynamics is the company's only offering in back office enterprise application software," the analysts wrote.
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SmileDirect Chief Executive Officer, David Katzman attributed the shortfall in the quarter to inefficient manufacturing operations and an inefficient back-office process, which led to higher expenses.
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Build trust and find your advocatesWhen CIOs were regulated to largely back-office tasks, there was little need to build up trust outside of the IT team.
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Jimmy Fallon even organized an impromptu version of "The Tonight Show Starring Jimmy Fallon" in the back office — with Stella McCartney, Madonna and John McEnroe in tow.
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As for Mr. Brown's back office — the swarm of lawyers and compliance professionals that is the backbone of financial firms large and small — it, too, is virtual.
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And they get to hand off tasks they may not want to do, like risk management, compliance with federal rules, human resources and other back-office functions.
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Trinity Mirror said it planned to save £20 million in annual costs by 2020 by cutting back-office jobs and sharing editorial teams in sport and features.
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We're "automating a lot of their back office functions [and] giving them workflow automation tools to make them more productive and efficient and earn more," Burdick said.
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Poland has already attracted a number of financial investors such as UBS, Credit Suisse, Bank of NY Mellon and HSBC, which have opened large back office operations.
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The veteran detective, Brian Simonsen, was among eight officers who responded when someone spotted a man forcing two employees into the store's back office with a pistol.
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But a colleague of Craddock's told CNN that Richard Nettleton, a 28-year employee of the city who was killed in that back office area, received the letter.
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We can imagine a model where teams of specialized agents across different product lines participate in referral sharing, and also leverage shared back office services for operational efficiency.
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Mac Thornberry, now the top Republican on the House Armed Services Committee, was chairman, he had a similar idea and sought legislation to slash back-office support services.
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He hopes fintech can help banks by cutting expenses and opening up new sources of revenue, through products that can slot into banks' front- or back-office systems.
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Germany's second-largest listed bank, still partly owned by the government, is overhauling its business by cutting staff, streamlining its back office and expanding its retail customer base.
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Germany's second-largest bank, still partly owned by the German government, is overhauling its business by reducing staff, digitizing its back office and expanding its retail customer base.
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"The large volume back-office restructuring has largely been done and a lot of that has already been moved to places like India or Eastern Europe," he said.
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Germany's second-largest listed bank, still partly owned by the government, is overhauling its business by reducing staff, digitising its back office and expanding its retail customer base.
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It has already said it would expand its investment banking activities in Paris and transfer some of its London-based back office operations to Dublin, ahead of Brexit.
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Wal-Mart's job cuts started in 2016 when the retailer said it was eliminating 7,000 back-office positions and moving more of its workforce to the sales floor.
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The intrusion at the Bowman Avenue Dam, around 30 miles north of NYC, wasn't exactly sophisticated - the hackers only managed to get access to some back office systems.
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In some parts of the country family doctors are leaving their cottage practices to join chains of larger surgeries that share back-office functions such as call centres.
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The automation startup launched in 2017 as SalesHero, giving sales orgs a simple way to automate back-office processes like filing an expense report or updating the CRM.
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The good news is, we don't have to wade through a lot of A.I. ethics first; this isn't a show that spends sympathy on the back-office folks.
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If you're a back-office employee working in accounting, human resources paperwork or claims processing, chances are you could use a robotic process automation solution to save time.
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"There is a sense on some of the mission focus are not as focused on the back office as you would see in a private company," Norquist said.
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The Toronto-based company said the jobs affected were in conventional TV, radio, publishing and back-office operations and accounted for 4 percent of the media arm's workforce.
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He studied accounting at St. John's University and, after a two-year stint in the Army, began work at Merrill Lynch in 593 as a back-office trainee.
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Andrew Warren's parents, Marcy and Michael Warren, worked in the company David founded, and are doing a lot of Andrew's back-office work, as well as advising him.
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The company also offers a service to tech companies that makes the SVCF "the back office" for giving for firms such as Cisco Systems, Yahoo, LinkedIn and eBay.
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Amec said cost-cutting measures taken to date included identifying around 650 surplus roles, closing offices and accelerating plans to outsource back office functions to low-cost locations.
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A second former executive said some recent cuts focused on back-office jobs and that multiple current employees have "reached out in mass confusion" over the past week.
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Combining SAP's back-office strengths with outward-facing sales and marketing functions gives companies unique insight into their customers' wishes and their ability to meet them, he added.
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"One of the new trends in terms of synergy that we've seen at Cubo is more large corporations using startup's technologies to improve back-office processes," says Pripas.
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"Having the best back-office and middle-office technology and being able to moderate those expenses is one of the keys to making us more efficient," Giacalone said.
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These outdated middle- and back-office systems can only report on transaction failures and risk triggers after the fact — days, weeks, months, even a year after events occur.
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In the enterprise equivalent, a company that is building something akin to this for large companies and their back-office functions has raised a sizeable round of funding.
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Lawyers, compliance, front office, back office, middle office — enacting meaningful reform, or even getting budget to expand a technology program, could require sign-off from all of them.
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NEW YORK (Reuters) - Mundane back-office concerns are giving pause to potential investors in digital currency hedge funds who have otherwise warmed up to the volatile asset class.
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The cuts will affect the bank's equities research, sales, trading and back office business departments, the sources said, and will include a handful of job losses in Asia.
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And I certainly see a lot of hope in the middle and back office is to take away the boring jobs that people were doing, in the future.
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At a glance, and taken individually, they looked a lot like the peripheral or back-office goings-on that typically fill the quieter months until football season starts.
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The cuts - affecting jobs in conventional TV, radio, publishing and back-office operations - account for 4 percent of Rogers' media arm's workforce, the company said in a statement.
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They offer examples like Accenture, which claimed in 2017 to have replaced 17,000 back-office processing jobs without layoffs, by training employees to work elsewhere in the company.
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Clearing firms such as Pershing act as intermediaries between securities brokerages and exchanges, typically handling back-office tasks for brokerages such as order processing, settling trades and record keeping.
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Startup Join wants to modernize the back office for an industry that's everywhere, but maybe not top of mind, especially when it comes to project management software: Commercial construction.
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What's going on: Automation is expected to devastate jobs that involve routine tasks, such as back-office clerical jobs like accounting and service jobs in retail and fast food.
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Germany's second-largest listed bank, still partly owned by the German government, is overhauling its business by reducing staff, digitising its back office and expanding its retail customer base.
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Rural technology is moving from kind of the back office to where everything, every company – sales, marketing, customer acquisition, new product development, media – all industries are becoming technology industries.
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The state is pushing its role as the nation's back office, with more than 100,000 employers providing support services to big companies without the costs associated with big cities.
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Germany's second-largest listed bank, still partly owned by the German government, is overhauling its business by reducing staff, digitizing its back office and expanding its retail customer base.
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"We're continuing to restructure our back office support and reducing its size so it's a better fit for our business," an RBS spokesman said in an e-mailed statement.
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True to form, two former technology executives from the LA ecosystem have launched Boulevard, to be a provider of back-office management software for the salon and spa industry.
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Investment banks have started moving back office and IT jobs to Poland and Ireland to cut wage bills bloated by what they consider to be expensive UK-based workers.
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Banks have invested millions in developing blockchain applications in recent years, as part of a broader industry effort to try to cut costs and simplify their back-office processes.
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It is part of Corporate and Investment Banking's operations department that handles middle and back office functions, such as clearing, collateral, execution of trades, for all CIB business lines.
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By having a powerful platform to ensure efficient, high-quality transaction processing and back-office activities, management can stop firefighting and instead focus attention on innovation and customer intimacy.
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Earlier this year, Zurich merged its UK life and general insurance businesses into one division, which it said would lead to a reduction of 240 mainly back-office jobs.
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However, the agreements put in place and the tracking and validating of qualifying terms has created a back office headache and many wasted hours on behalf of parties involved.
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Their next project, in Hiroshima, into which they will move their offices, will crash together public and private domains, just as their cafe-meets-back-office in Tokyo does.
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PSE has also asked most of its office workers to work from home and separated its key units so employees do not meet and mix with back-office workers.
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In 1979, Mr. Staley landed at Morgan Guaranty, a forerunner to JPMorgan that was then primarily a commercial lender and bond dealer with asset-management and back-office services.
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And there is more: We are in the back office of a funeral parlor, and the main character, John (Jeffrey Bean), is an alcoholic who works for the undertaker.
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Risks also arise from technical installation mistakes or growing moves to hook up traditionally back-office business systems to the cloud in order to reach mobile or online users.
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At various points in "She Loves Me," the set unfolds to reveal a boudoir, a hospital room, and the shop's back office, where creams are packaged and confidences exchanged.
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His contract allows for either one or two more seasons as a player, before moving to a role either in the back office or on the club's coaching staff.
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So Meadow plans to use its new cash to keep expanding its monthly fee SAAS platform, and assist dispensaries with more of their finance, payroll and other back office problems.
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In September Wal-Mart announced the elimination of 7,000 back-office and accounting jobs, noting in their statement the positions became expendable due largely to advances in automation and software.
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As she was responding to let her fans know when she'd be available, Monae heard her Office Depot superiors over the intercom, requesting her to come to the back-office.
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A bigger prize awaits in the back office, reducing the time-consuming administration required for firms to talk to each other by providing a shared database which everyone can use.
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But even some supporters of the programme retort that the next Mr Krieger is unlikely to be lurking among the thousands of back-office staff brought in by the outsourcers.
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Sam Chadwick of Thomson Reuters notes that the word "blockchain" can help spark interest among senior managers in the kind of back-office improvements that they would normally consider dull.
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In September, Wal-Mart Stores Inc said it would cut 7,000 back-office jobs at U.S. stores as part of ongoing efforts to have more employees on the sales floor.
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That's because AngelList funds are no longer just for angels expanding their investing activities, but also used by venture capital firms choosing to outsource their back office to the company.
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S&P said the technology could streamline back-office operations, shorten clearing and settlement times, facilitated payments and generate new revenue streams for financial institutions from banks to asset managers.
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Medidata's software is used to help clinics manage their back-office operations and their data, and it provides analytics tools so they can make sense of massive amounts of information.
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LASZLO BIRINYI: Well, I started off in the back office, and got intrigued by what was going on in the trading room, and worked my way into the trading room.
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Cost-saving innovations that providers may enact include back-office management improvements and shifting reimbursement models away from inflation-prone, fee-for-service medicine to a pay-for-performance model.
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Management fees will mostly accrue to each fund, too, though every fund manager will pay into parent company Propeller to cover their shared expenses, including marketing and back office support.
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SAP, which has traditionally handled the back office management of some the biggest companies in the world is moving further into the front office with this deal where sales happens.
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At the same time the retailer is cutting back-office jobs, announcing earlier this month the elimination of about 7,000 positions, mostly in accounting and invoicing at its U.S. stores.
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A growing number of senior bankers have said they believe it will eventually revolutionize the way payments are made across the industry, reducing complexity and costs of back-office processes.
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The firm closed its back office in Estonia's capital Talinn last month and plans to exit fuel oil trading by the end of the year, one of the sources said.
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Antares' transition to a fully stand-alone operational platform includes the purchase and/or creation of a variety of risk management systems, a Treasury department, and other back-office functionality.
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Banks are using it for payments and back-office functions, while companies in digital music, ride-sharing and cybersecurity are starting to use blockchain for tracking, sharing or protecting assets.
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Bank of France Governor Francois Villeroy de Galhau said that innovation in financial tech and by big tech firms meant payments was no longer a "mere boring back-office technicality".
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In 2008, he joined Nationwide Insurance as its chief audit executive, before quickly moving out of the back office and into selling financial products to consumers in an operational role.
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Two family representatives were appointed to the oversight committee - Yehya, who ran the back office, and Abdullah, a Harvard-educated lawyer who handled the conglomerate's interests in the United States.
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Striking out on your own has become increasingly tough amid rising regulatory costs, prompting many to prefer to join a larger firms who can provide security and back office support.
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Otherwise Proofpoint would move its intellectual property to an offshore company in Europe, where corporate taxes are lower, which would mean hiring up to 100 back office staff there, said.
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Otherwise, Proofpoint would move its intellectual property to an offshore company in Europe, where corporate taxes are lower, which would mean hiring up to 100 back office staff there, said.
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CONGRESS WANTS HEARING ON PENTAGON WASTE REPORT: Lawmakers on Tuesday called for a hearing on a Pentagon study that found as much as $150 billion in wasteful back-office spending.
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The dearth of custody and other back-office services by brand-name financial companies has been one of the road blocks to more institutional investments in the new asset class.
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The dearth of custody and other back-office services by brand-name financial companies has been one of the road blocks to more institutional investments in the new asset class.
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But because creating a back office for $1.3 trillion in assets is labor-intensive work, Schwab has been expanding its business in more affordable cities like Dallas and Orlando, Fla.
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"We are helping them to automate a lot of front office and back office processes, particularly in finance and accounting, ticketing, repricing and all sorts of different processes," Dines said.
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The news comes two weeks after bigger rival Wal-Mart Stores Inc said it would cut 7,000 back-office jobs to focus more of its resources on the sales floor.
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They waltzed in the front door, blew through a pair of armed guards I'd kept in reserve, and found me— me—cowering in a back office in my agency's compound.
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Google is headed in this direction with a focus on specific and vertical technical integrations over a litany of commodity services that require lots of back-office configurations, as with AWS.
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SHOP merchants will soon have a robust and intelligent back office solution for managing inventory and getting orders delivered 2-day coast-to-coast, driving significant incremental GMV to the platform.
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Over the medium term, Fitch expects BAC to continue to invest in technology to digitize both back-office and middle-office processes as well as develop more technology-driven customer interfaces.
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Many of them are seeing their jobs disappear as a consequence of digitalisation of our services and the implementation of much-needed improvements, particularly in the back-office and support functions.
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This generally represents a relatively new asset class and some institutions may not have the requisite back-office infrastructure or experience to adequately identify, monitor and mitigate any ensuing credit risk.
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The eliminated back-office jobs typically include higher paid hourly workers who manage tasks like an individual store's daily cash flow or process claims from manufacturers delivering goods directly to stores.
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These increases come at a time when the retailer is cutting back-office jobs and announced the elimination of about 7,000 positions, mostly in accounting and invoicing at its U.S. stores.
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Pearson said the restructuring, the second major program under Fallon, would involved combining divisions such as its school testing and professional testing divisions in North America to reduce back office costs.
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Atomic also seems to be clicking thanks in part to a model that's similar to that of Andreessen Horowitz, which famously features sophisticated back-office functions to help its portfolio companies.
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But a fast-growing service sector, particularly in business-process outsourcing—call centres, data transcription, software and engineering design, and other back-office tasks—has kept more skilled Filipinos at home.
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Their offering is a sub-set of search engines which allows websites to offer search functions as a service by indexing the often large and complex back office systems for clients.
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BT is cutting 13,000 managerial and back-office jobs and plugging its pension black hole, while placating shareholders by maintaining its dividend, in the latest restructuring by Britain's biggest telecoms group.
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All employees on duty were required to attend a meeting in the restaurant's back office, held just before closing on the night of May 24, 2000, the New York Times reported.
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Banks and other large financial institutions have ramped up their investments in the technology over the past few years, hoping it can simplify and cut the cost of back-office processes.
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They ushered their two children, ages 9 and 10, into the back office, and switched the seven television screens around the restaurant to Food Food, Mr. Kapoor's 24-hour television channel.
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The proprietor, Seth Hancock, leaned from out his desk in a back office, sized up Baffert and directed him outside, to a spot where visitors waited to board a tour bus.
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Many firms are already investing heavily in the blocking-and-tackling needed to expand remote technology and back-office infrastructure (for example, by adding VPN access and extending help-desk hours).
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"We've been on a space grab," Ms. Johnson said of the library's renovation, which is putting greater emphasis on digital technology and on converting more back-office space for public use.
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While not officially included, Anne Harvey's "Portrait of George Duthuit" (19633) was in the back office space, along with works by Resnick, Thompson, and Kerkam, all of which complimented the show.
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"I don't believe legislators realized the impact this had," says Gene Zaino, founder and executive chairman of MBO Partners, which studies the freelance economy and provides back-office services to freelancers.
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We have hired 150 plus people across three locations, Tokyo, San Carlos, London, that takes a lot of time to hire front office, back office, compliance, portfolio managers down to analysts.
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Nicknamed "the hole," it is a modest enclosure without the windows that pull the Arizona sunlight into the football field-size space where the Schwab back-office advisers do their work.
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All employees on duty were required to attend a meeting in the restaurant's back office, held just before closing on the night of May 24, 2000, the New York Times reported.
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He does not yet have an official title in the back office, nor is he on the WWE Board of Directors with his sister Stephanie and brother-in-law Paul Levesque.
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None of them had full economics on Fund VII, which has just a bit of dry powder left, and expectations are that they (and many back-office employees) will seek employment elsewhere.
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In the current show, five are on display in the main gallery (a number of small ones are hanging in the back office), including one two-part and one four-part work.
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The Swiss bank plans to lose about 300 staff out of an estimated 5,000 currently working in front and back office roles in the region under ex-Merrill Lynch dealmaker Andrea Orcel.
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People with knowledge of the bank's plans said the reduction would come mostly from so-called attrition of back office employees — staff leaving and not being replaced — rather than lay-off programs.
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But few businesses are keen to lay their back-office functions bare to the world, so most enterprise blockchains are both private and "permissioned", meaning that access is restricted to trusted users.
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On the ESPN front, the back office and the back of house so to speak is the same, but the user interface is different because you're talking about two very different products.
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Some 269 percent of respondents, mainly working in retail and back office roles at Lloyds Banking Group, Royal Bank of Scotland, HSBC and TSB, said they worked additional unpaid hours last year.
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The company said in September it would cut about 7,000 back-office jobs, mostly in accounting and invoicing positions at its U.S. stores, as part of a program it announced in June.
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Local World bundled together over 100 papers, and by amalgamating back-office work, cutting reporting jobs and investing more in digital media, managed to remain profitable despite continuing falls in print circulation.
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Participants discussed some specific back-office issues that need to be addressed, as well as the cost to upgrade technology needed in order to be able to improve the process, investors said.
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Fitch expects SCBAM's back-office system to improve further in the near-to medium-term, following a planned upgrade of its capacity and a systematic purging of redundant data from its database.
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But shares soon reversed course amid bets the company will soon receive boosts from various e-commerce and back-office initiatives, whose clunky rollout held back the firm in the third quarter.
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The premises just outside central Paris would accommodate a mix of front, middle and back office employees that the bank considers to be vital to keeping its continental European business running smoothly.
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A secretary will probably earn more working for Goldman Sachs than working for the local plumber; it is more lucrative to be a programmer at Facebook than in a corporate back-office.
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"They say they are playing catch-up on moving expensive back-office operations outside London but I don't think anyone had such a significant outsourcing plan before Brexit," the bank insider said.
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Credit Suisse Chief Executive Tidjane Thiam last year estimated the Swiss-based bank could save 230 million Swiss francs a year if it moved almost 2,000 back-office positions out of London.
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Customers send the models back to the companies, and an orthodontist in the back office takes a look to determine if their issues can be addressed with their brand of plastic aligners.
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But despite having a number of promising sectors — including IT, back office services and renewable energy, as well as a cheap and educated labor force — it has an image problem, Razzaz admitted.
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The ability to provide expertise across a wide spectrum of services ranging from back office and consulting service to technology investment and M&A has attracted over 60 partner firms since inception.
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On a conference call with journalists, Sanderson said the cost savings would largely come from simplifying its mid- and back-office work processes, consolidating on to one platform and better using technology.
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We also can't forget that a huge junk of the Pentagon's operating costs have been devoted to a war on terrorism that continues to expand and an ever-growing back office bureaucracy.
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Given the high amount of overlapping back-office operations and vendor costs, the company is expecting about $1.8 to $2 billion in cost savings, about 20% of the combined company's cost base.
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The high nominal price of U.S. labor enabled India, for example, to capture massive amounts of call center activity, engineering and architectural support services, financial company back office activity and much more.
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The two banks said they expected to cut $1.6 billion in costs by eliminating jobs in bank branches and in so-called back office positions, such as in accounting and legal departments.
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Germany-based SAP, the dominant provider of software that helps companies run back-office functions like finance and supply-chain management, recently announced a major push into so-called customer relationship management (CRM).
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For SAP, which many companies use for the back-office management of everything from finance to logistics, the blockchain could present some interesting use cases for its customers such as supply chain management.
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The region is in large part a back office and workshop for western Europe, says Richard Grievson of WIIW, a think-tank in Vienna, and is reliant on companies created and based elsewhere.
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The centre will start with several dozen staff, which will be eventually expanded to several hundred over some years, the sources said, transferring back-office operations from the bank's other locations in Asia.
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More recently a leap in remittances from the millions of Filipinos who work abroad and a boom in the outsourcing of back-office work to the country by Western firms have boosted growth.
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The official said several firms in an "Asia" have set themselves up as DNA sequencing factories conducting testing for individuals and back office analysis for major American health-care firms and academic institutions.
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Piquant co-founders James Holloway, 32, and Iain Buchanan, 36, say putting their trading and back office systems on external platforms halves hardware costs and means one less person to hire for maintenance.
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Simon Stevens, the NHS's chief executive, cites health firms such as Apollo in India, Helios in Germany and several American outfits that have saved money through shared staffing, back-office functions and procurement.
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Details: Following the momentum of Uber Eats and similar services, CloudKitchens buys and leases real estate and develops software to help restaurants manage their back-office systems and integrate with food-delivery platforms.
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France's third-largest listed bank unveiled a 1.1 billion euros savings plan that will cut 900 jobs in its French retail bank, close 300 branches and reduce the number of back office centres.
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A hundred of the planned staff reductions are from back-office positions in the company's U.S. headquarters in Princeton, New Jersey, while the remaining 150 are among diabetes treatment support positions, he said.
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When a customer does enter a branch, it's to speak to a person, said Neil Kinson, chief of staff at Redwood Software, a Netherlands-based firm that automates back-office operations for companies.
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Germany-based SAP, the dominant provider of software that helps companies run back-office functions like finance and supply-chain management, recently announced a major push into so-called Customer Relationship Management (CRM).
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"Given the high amount of overlapping back-office operations and vendor costs, we would expect to see about 60% of AMTD's costs removed," said Stephen Biggar, Argus Research Director of Financial Institutions Research.
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Able to farm out onerous back-office and custodial responsibilities to firms like Schwab, TD Ameritrade and Fidelity, brokers are leaving top Wall Street houses in droves to establish their own independent shops.
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Today, your back office operations can be some place where land is cheap and wages are low, but you can keep your corporate headquarters and your high-level technical staff in lower Manhattan.
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By the 22001s, Morgan Stanley, JPMorgan Chase and a still-solvent Bear Stearns had moved uptown, while New Jersey began to host back-office operations for many of the larger financial services groups.
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Recruitment consultant Joseph Leung told CNBC that both the middle and back office departments have been affected the most as the challenge to hire for these roles is not as great in other countries.
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As many as 221,224 more jobs are set to go at Bank of America's consumer arm as the digital banking revolution gathers pace and reduces the need for back-office staff and bank tellers.
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Most of the job cuts will come in late 2018 and early 2019, and will be across operations, Fallon said, as the group shifts to fewer digital platforms for its back office and products.
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Hobbs: Why do you keep buying companies and then – you buy the brand as you just said, and strip out the back office and fill them with the inventory that, broadly, you've already got.
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Walsh now sees more cost-savings on the horizon, including grinding out efficiencies in areas like maintenance and handling, and combining his carriers' back-office functions in an office in lower-cost Krakow, Poland.
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So, we applied to Y Combinator with this idea that there has never been an easier time to start an e-commerce brand online and these brands need shipping, logistics and back office solutions.
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The plan is to eventually buy other, complementary entertainment properties and make them more valuable by consolidating some services like sales and back office operations, while figuring out how to create new revenue streams.
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LONDON, May 9 (Reuters) - State-backed Royal Bank of Scotland said on Tuesday it was eliminating 154 contractor roles and making an additional net 92 job cuts as it overhauls its back office operations.
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" And as Gordon Adams, former director of the Office and Management and Budget for defense issues, has noted, the cost of the Pentagon's back office has "basically doubled per active duty troop since 220006.
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Photo: Skylight Photo: Skylight Most enterprise companies have a vast legacy infrastructure and the AR applications often have to work with these legacy systems to pull information like inventory, documentation or back office data.
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Octavio Marenzi, CEO of consultancy firm Opimas, said he expects banks will announce plans to start sharing back-office administrative operations in certain areas, where they have little competitive advantage to going it alone.
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HSBC transferred 18,000 employees to a UK-based service company in 2015, according to a company filing, as part of a move to insulate its back-office functions to comply with the new regulations.
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The cloud transition began with S/4HANA, a suite designed to handle back-office functions like supply-chain management or finance and which now counts 8,900 customers - up 238 percent from a year earlier.
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"There are a lot of things floating around about 'sanctuary this' and 'sanctuary that,'" said Trey Tenery, 50, sitting in the back office of his Victory Guns and Guitar Works store in downtown Lindale.
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By then, blockchain was beginning to pique the interest of large financial institutions for its potential to help cut costs of cumbersome back-office processes, such as the clearing and settlement of securities trades.
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Behind the vast arched wall on the street side was a blocky postwar cube that once held back-office operations, and, across a haphazardly asphalted courtyard, a couple of drafty, bare-bones garage bays.
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Shopify, an e-commerce platform that provides back office and fulfillment support for online direct to consumer companies, allows brands to keep transactions on their own website, instead of on a marketplace like Amazon.
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Banks and other large financial institutions have been ramping up efforts to develop blockchain-based technology to run some of their most burdensome back-office processes, such as the clearing and settlement of securities.
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Proponents of blockchain technology laud its ability to revolutionize and disrupt existing financial systems, making swaths of costly back-office functions redundant and replacing them with a more efficient and secure distributed ledger design.
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One source said the U.S. bank will have to move up to 1,000 jobs in sales and trading, risk management, legal and compliance, as well as slimming the back office in favour of locations overseas.
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Ultimately, the creation of the X1 at Comcast shows just how different IT operates today, serving as a source of innovation instead of the typical back-office tasks it was once so closely tied to.
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The company kicked off its service as very much a Slack-style product for "knowledge workers" but has since emphasized a more inclusive approach, for all kinds of employees, from front line to back-office.
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One source said the U.S. bank will have to move up to 1,000 jobs in sales and trading, risk management, legal and compliance, as well as slimming the back office in favor of locations overseas.
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It also gives Salesforce a new group of customers to upsell for the other services that it already offered, from marketing and online analytics through to back-office software for sales and other IT functions.
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"We even found a company that offers different kinds of back-office services — like accounting, payroll and HR — that are essential to registering our company in the U.S." Remember that Showcase Stage interview we mentioned?
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Banks will have to demonstrate that they will not only book the trades in Hong Kong, but also have risk management and back office staff on the ground in the city too, the people added.
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He also touted promising sectors that have already seen substantial foreign investment including back-office services, IT, renewable energy and tourism, exemplified by double-digit tourism growth and expansion by companies like Microsoft and Expedia.
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One source said the U.S. bank will have to move up to 227,000 jobs in sales and trading, risk management, legal and compliance, as well as slimming the back office in favour of locations overseas.
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Back-office personnel would move to Warsaw and investment bankers who advise French and Spanish companies would move to those countries, Handelsblatt reported, while trading staff who develop new products would move to New York.
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"Right now, I have to negotiate a contract with the insurance companies and hire a back office of coders and billers that I have to run everything through in order to get paid," said Hill.
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LONDON, May 10 (Reuters) - BT is cutting 13,000 managerial and back-office jobs and plugging its pension black hole, while placating shareholders by maintaining its dividend, in the latest restructuring by Britain's biggest telecoms group.
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This lets its customers to expand their version of Slack with additional functionality that ranges from automated bots to integrations with back-office systems across departments like HR, Security, Compliance, Accounting, Customer Support, and more.
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Banks and other large financial institutions have been ramping up their efforts to develop blockchain-based technology to run some of their most burdensome back-office processes, such as the clearing and settlement of securities.
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JEDI is meant to provide a secure cloud-based upgrade to DOD's infrastructure that will allow it better to adapt combat forces and back-office support to advances in artificial intelligence and big-data analysis.
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It said today it will provide practical, financial and back-office support to the CoderDojo Foundation, which will continue as an independent charity, based in Ireland — freeing it up to focus on scaling its network.
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Ryan Companies' project encompassed the construction of the Commons public park and Downtown East, an adjacent mixed-use development anchored by a 5,000-employee Wells Fargo back-office operation in two 3073-story office towers.
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AI now touches every aspect of how a company operates — from forming the core of the service itself, through to customer interactions, building new things and helping with mundane paperwork and other back-office tasks.
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This is especially the case with respect to the so-called "Fourth Estate," the agencies that are not military departments but that are responsible for a significant portion of the Defense Department's back-office activities.
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ICE had already pushed back the start of clearing to April 3 to allow the 14 banks and brokers that participate in the auction time to get necessary IT and back-office systems in place.
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The San Francisco-based startup has raised over $500 million since its founding in 2011 with a focus helping small businesses manage back-office tasks such as employee onboarding and human resources via the cloud.
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Uncapped works, he says, because it plugs into a company's back office so that it pays back the funding at different rates dependent on whether its revenues are positive or not, unlike a traditional loan.
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For advisors, the software for customer relationship management (CRM), managing investment portfolios and dealing with the back office, has enabled them to serve far more clients and by extension spend much more time with them.
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She said the theme in retail is it's happening counter normal seasonality, suggesting it could be back-office operations or internet-based retail, as opposed to floor workers that would be added during the holidays.
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When the Johns Hopkins- and Harvard-educated son of a dairy bookkeeper was relegated to the back office at Salomon Brothers, for instance, he became an expert on how computers would transform Wall Street trading.
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"We're not without a chance when it comes to luring interesting investors to the so-called middle office, or back office," Deputy Prime Minister and Economy Minister Mateusz Morawiecki told private broadcaster TVN24 on Tuesday.
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The new jobs will primarily be in operations and technology, risk management, treasury and human resources - mainly 'back office' roles which do not have to be located in more expensive locations such as London or Frankfurt.
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DXC provides data processing and other back office services to Lloyd's and other London insurers through two firms, XIS and XCS, that are jointly owned by DXC's British subsidiary Xchanging, Lloyd's and the International Underwriters' Association.
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But, just like they foul up regional transportation systems (why oh why does the San Francisco Bay Area have dozens of transportation agencies?), back-office bureaucratics—specifically the rules that make sure agencies get paid—intervene.
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Porto said there was potentially a lot of savings to be gained from the deal as the firms' back office and booking systems could be combined and Accor would benefit from having swallowed its biggest rival.
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The plan won broad support from creditors but was opposed by some noteholders who said it would not fairly compensate creditors for tax benefits and back-office operations that would be transferred to the new company.
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This can help large firms cut down on the time and money needed to modernize the software they use for a wide array of both front- and back-office functions, such as trading or risk management.
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The top investments went to Doctolib, the European back-office support software developer, which raised $170 million; Health Catalyst, which pulled in $100 million; and Calm, which grabbed another $88 million from investors, according to Mercom.
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Several of the world's biggest banks are in the process of relocating a number of staff who deal directly with clients and some back-office functions as Britain prepares to leave the European Union next March.
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U.S. officials believe the hackers gained access only to some back office systems, not the operational system of the Bowman Avenue Dam, a flood control system around 30 miles (50 km) north of New York City.
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Amid such a sturdy (if extractive) system, the blockchain can seem like a back-office fix, a change in the accounting scheme, of interest to the systems geeks and bean counters but not to oblivious customers.
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BL: When this whole issue started did you or did you feel it necessary to go into the back office and check the customer roles make sure there's no Kim or Rocket Man in there anywhere?
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The robotics push comes as the banking sector ramps up the use of artificial intelligence (AI) and automation to save money and time on cumbersome and manual processes, ranging from back office tasks to customer service.
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Spotify has also been careful to let the startups it has acquired retain their own identities, Ostroff said, giving them the power of Spotify's size and back-office resources while allowing them to keep creative control.
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The creation of the Ethereum alliance shows a continuing commitment among big companies to making the technology work, in large part because it promises to create much more streamlined databases that require less back-office maintenance.
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Operations and Technology Deutsche AM's operations are supported by specialists and effective automated workflows between the manager and State Street Bank and Trust Company, the company's main outsourcing provider for back office functions and custody services.
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With fewer employees, lower administrative expenses and less need for costly back-office technology, the South African challengers hope they can woo customers with fees as low as zero, higher rates on savings and cheaper credit.
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TechCrunch has learned that UiPath, a startup that builds 'software robots' for enterprises to help automate legacy and back-office functions, has raised a Series B round of funding that sources tell us is around $120 million.
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Masters' company Digital Asset Holdings (DAH) is working with the Australian exchange ASX on a blockchain-based technology that aims to slash settlement times and streamline risk management, market supervision and back-office compliance for market participants.
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Avaloq said it had been consolidating its back-office business after expansions in early 2016, when it opened sites servicing Deutsche Bank's Asian wealth management and Hong Kong and Singapore offices, as well as six European banks.
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For example, BP would not want to build AI tools to automate back-office or HR functions, but it would want to develop its own AI system for interpreting seismic imaging to detect oil, says Ms Watson.
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Switzerland's biggest bank is looking to double its headcount in India to 3,000 people by the end of the year, its CFO told India's Economic Times, as it moves more of its back-office capabilities in-house.
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RBR wants GAM, which is due to hold its annual general meeting on April 27, to cut 353 back office jobs to help lower costs by 100 million Swiss francs ($99.13 million) annually and to fire Friedman.
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Both inside and outside the UK capital, countless other jobs in back office areas servicing the market have also likely disappeared for good even if quantifying that is trickier given the multiple areas these people work across.
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This has shifted the center of power in the business away from the trading desks, where it was before the crisis, and toward the programmers and engineers — until recently dismissed as the geeks in the back office.
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"That's why we decided to start on this fintech journey, because we could mitigate against all of that by driving down the costs and removing all the back-office stuff by having a fintech solution," he said.
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The number of pending actions at payment centers — the agency's back-office operation — has soared 80 percent since 2010; the backlog stood at 3.19 million items pending action in fiscal 2018, according to the council of associations.
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Consider the people in between — the arena workers and vendors, the ushers and parking attendants, the people holding cameras and running wire, the back-office team employees, the businesses that huddle in the shadows of the stadiums.
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Bill (BILL) will begin trading on the New York Stock Exchange today, after the back-office automation software maker's initial public offering priced at $22 per share — above the expected range of $19 to $21 per share.
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No final decision has been taken on potential cuts, which would focus on back-office staff and operations, and GAM could still pursue a different course, the news agency said, citing unnamed people familiar with the situation.
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The company's success to date has been in transforming enterprise software from boring back office work stored on internal servers to cloud-based tools that are used by workers of all sorts from their tablets and smartphones.
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Inside Vega's back office there is more memorabilia, and on one wall he has hung posters from the movie "Scarface." superimposing his own face onto the body of Tony Montana, the fictional drug kingpin played by Al Pacino.
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Ireland is already one of the world's largest centres for "back office" banking functions such as settling transactions, many of them farmed out from London - Europe's financial capital but whose future outside the EU is beset by uncertainty.
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"We are inundated with unsolicited reach-outs from candidates every day," said Kristen Koh Goldstein, founder and CEO of HireAthena, an online service that recruits part-time employees and working moms for back-office and human resources work.
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We had security on the overnight shift, but they didn't start until 11 PM. So really, this situation was going to be my supervisor's problem—except when I went to find him, he wasn't in the back office.
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In June, Wal-Mart, the country's largest private-sector employer, had said it would cut back-office jobs in hundreds of stores and if it was satisfied with the changes it would roll it out to other stores.
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"A major plan was presented to the members of the work's council of Natixis SA," the union said in a statement on Wednesday, adding that the move affected back office positions in human resources, risk management and compliance.
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The downsizing will translate into a reduction of 15 to 20 percent of the bank's staff in retail services, including employees working at branches and also back office personnel, said Abdul Aziz Al Ghurair, without giving precise numbers.
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BT will cut 13,000 managerial and back-office jobs and move to a smaller London base in the latest attempt by the boss of Britain's biggest telecoms group to rebuild from an accounting scandal and downturn in trading.
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Over the past two years, Unilever has worked to make the most of its global scale in areas where it counts, like back-office functions and procurement, and to be quicker with new products targeted for local markets.
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KABUL, Afghanistan — He was their nightmare, the young, female Afghan soccer players say: a menacing 57-year-old with two wives who locked the door to his back office with a biometric keypad that only he could open.
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The bank has launched a drive to become more efficient both at home and overseas, including setting up a back-office center in the Philippines and targeting headcount reduction of 6,000 by the year starting in April 2023.
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McDermott says classic sales-prospecting software is ready to be upended with a more joined-up approach that deeply connects sales and marketing functions with data from SAP's "back office" planning tools to form a single software suite.
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"Use of such technology can help by streamlining back office processes, leading to reduced risk, better protection against cyber threats and ultimately significant cost savings," said Andrew Woosey, partner at consultancy EY which helped oversee the testing phase.
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Whereas belt-tightening has led to a drop in officers south of the border, numbers in Scotland have remained stable, at just over 17,000—though many have been stuffed into back-office roles, replacing civilians who were sacked instead.
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"For sure, when you put two big companies like this together that have been around 300 years between them, the front end of this will result in back-office, nonessential production, R&D, [and] marketing cost-cutting," Liveris said.
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Tesco, Britain's biggest private sector employer with a staff of over 300,000, said it was changing the way it stocked the stores, with more products going straight to the shop floor and not being held in the back office.
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This is the paradox of modern health care: The clinical space where patient care occurs operates on a model of scarcity, while the back office of CEOs, pharmaceutical companies, and large hospital systems functions in a world of plenty.
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"We believe that the current backlog of over 700,000 clearance cases constitutes a major national security issue — it is not a 'back‐office' administrative function," Kevin Phillips, the CEO of ManTech, a government contractor, said in prepared opening remarks.
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You can think of it as a complete back-office system for real estate investment management, but the company also notes that one of its marquee features is a personalized dashboard for helping investors keep up with their money.
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Mr Bove and Mrs Gavrilova find that back-office equipment, including such things as air-conditioners, which accounts for about two-fifths of the total value of the 1033 programme, is much more effective than vehicles and tactical gear.
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Governments are already exploring ways to store some data, such as land records, contracts and assets, in blockchains, and the financial industry, too, has experimented with blockchain technologies to streamline transactions and back-office systems, though with limited success.
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"If the role is a back office accountant and they are equally on social media between 10 and 4, the chances are, they are not doing the core part of the role as well as they could," she added.
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Gobbling up Sprint will be a golden opportunity for the merged entity to, first and foremost, cut costs by closing now-redundant retail stores, reducing back-office headcount, and possibly securing some efficiencies on marketing and deals with suppliers.
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With the acquisition of cloud-based business performance management software maker Adaptive Insights in August, Workday attempts to become a one-step solution for all back-office services for small and medium sized businesses in this fiercely competitive market.
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All the employees impacted work in information technology and back office roles and are being told of the decision on Wednesday, according to the sources, who asked not to named because they are not authorised to discuss the plans.
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Surveillance video showed Fields entering the store, robbing Alia at gunpoint, leaving the store, coming back and taking Ali to a back office where detectives say he was fatally shot, the paper reported, quoting the Broward County Sheriff's Office.
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It was my honor to serve those patrons, and I hope that everyone behind the bar, the DJ booth, and in the back office of every gay nightclub across th US continues to work with pride, free of fear.
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"The rest of us come together as community leaders but Zahran wanted to speak for himself," said Fawaz, a man with broad shoulders lounging with a group of friends in a back office of the mosque after evening prayers.
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For bankers, equivalence is better than no access at all as it could mean shifting fewer jobs and activities to EU hubs, and continuing to centralize some back office operations such as booking trades at global centers in London.
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By that evening, 14th-floor workers at the West Side Manhattan offices of Point72, which is led by Steven Cohen, were instructed to work from home, as their space was deep-cleaned after a back-office employee's confirmed infection.
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From the moment ICE agents arrive at a business' door, the agents generally need a judicial warrant to enter private areas of the premises, such as a back office or restaurant kitchen, where only employees are allowed to enter.
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Banks could save money in middle- and back-office functions by relying on the golden source data to meet different requirements, rather than having to repeatedly "re-validate" the trades in their own systems for each application, ICAP said.
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The jobs to be eliminated include 3,000 store workers, though about half of those employees will be put in other positions, as well as hundreds of back-office and senior executive posts, the company said in a press release.
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ANONYMOUS I checked with the New York City Department of Health and Mental Hygiene, and the facts are clear: Smoking in the workplace is illegal in New York City — even in the back office, even if it's the boss.
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But the deal would see Sinclair handle advertising sales and deliver programming to WGN, while also maintaining the station's technical equipment, providing back-office support like payroll and even operating its website through joint sales and shared services agreements.
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LONDON, Sept 5 (Reuters) - Barclays is cutting over 100 technology and back office jobs from its offices in Singapore, a source with direct knowledge of the matter said on Monday, as it seeks to reduce costs by relocating those roles elsewhere.
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UBS reported a 27 percent drop in net profit on Thursday, although this was not as weak as expected after the fall in investment banking revenues was less than forecast and the bank benefited from some back-office accounting gains.
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But it does mean that our indexing should not just assume that a 30-something automatically has the capacity to manage a complex front and back office team and invest hundreds of millions of dollars in a few short months.
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There, CFO Frank Lanuto referred to an unspecified real estate initiative that would reduce the company's New York City presence from 14 offices to three and save $10 to $12 million by cutting square footage and back-office and overhead costs.
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No word yet on the growth group's new name or office location, except that its existing three funds will maintain the Kleiner Perkins brand and continue to use the Kleiner Perkins back-office (at least until it stands up its own).
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LONDON, Jan 25 (Reuters) - The Depository Trust & Clearing Corporation, a provider of back-office services to the financial sector, called on Monday for industry-wide collaboration on blockchain technology, saying it could make post-trade processes faster and more efficient.
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KEY RATING DRIVERS Improved Scale on Strong Organic Growth With $15.5 billion in pro forma revenue, the combined companies will have scale with both vendors and customers, particularly in international markets, bringing benefits in procurement, back office and some overhead.
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Earlier this year, Kristen Koh Goldstein merged two of her companies, three-year-old Scalus and six-year-old BackOps into a new company called HireAthena, a back-office-as a service startup that also sells fully automated workflow software.
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"It's (about) creating a single economic vehicle that allows analysts and investors to see the group as whole," CEO Tony Fernandes told CNBC's "Squawk Box, " adding that the move will not affect flight operations, though back office services will be centralized.
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Setting up an back-office centre would be a positive move as the market attention is shifting to expense ratios of Japanese banks, including those of overseas operations, Ken Takamiya, analyst at Nomura Securities, said in a note to clients.
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By contrast, India's services sector, including back-office operations for multinationals, is a big export earner and the idea of striking a similar multilateral deal on services first came up at a meeting of trade ministers in Paris in June.
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The deal will give Workday another string to its bow, in its attempt to become the go-to place for all for back-office services for its business customers: the company plans to integrate Adaptive Insights' tools into its existing platform.
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But such a rule would require the agreement of its board, which is mainly made up of senior executives from the back office divisions of the largest western banks, who would be unlikely to approve such a policy, Lambrecht said.
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The applications with the more provocative photo helped for both women in both fields – they received 62 more interview offers out of 200 applications for the sales jobs, and 68 more out of 200 for the back-office accounting jobs.
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Netcare plans to implement new information technology systems across BMI and aims to link it to Netcare's other operations to share services and save on costs, he said, adding that back-office work could move from the UK to South Africa.
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In June 2015, the bank said it would move about 4,000 back office workers from five buildings in the City to one in Canary Wharf in the east of the capital, where much of Britain's financial sector is now based.
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"We don't want to be San Francisco's back office — we need more creators here," said Scott Salkin, a founder and the chief executive of Allbound, which is based in Phoenix, makes sales software and has offices down the hall from Gainsight's.
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"Today, you can do it from anywhere in the world and you do it with a click of a button so to speak so you don't need access to the back office or the backbone of the customer," he said.
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"Everytime someone wanted to book a shift or swap a shift, the manager had to go back to the back office with this huge telephone list and started to dial around for replacements, which could take hours," he told Business Insider.
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In earlier days, corporate governance and shareholder engagement had been a "back office" phenomenon, he said, but a 1988 Department of Labor directive to pension funds that they had a fiduciary duty to vote their shares brought it into the mainstream.
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The review is expected to look at options including shifting some 'back office' staff who work on the bank's deals and administration to either one of its countries of operation or to a cheaper UK office in or out of London.
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If I'm going to spend decent money on a meal, I don't want the reservation-taker, the dishwasher or someone from the back office to be cooking it; I want someone who is very good at cooking food to do it.
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Today, it has 22021 software programs handling back-office tasks, with an estimated savings of 4.33,24.3 hours of human work — or the equivalent of about a dozen full-time workers — on an annualized basis, assuming a standard 29,27-hour work year.
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The IRS allows employers to give employees several thousand dollars' worth of tuition benefits tax-free, which makes establishing a program something of a no-brainer for most companies big enough to be employing a large back-office staff anyway.
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"I'm a worker, I'm a mechanic, I'm the janitor, I'm the electrician, I maintain the A.C., the heating," said Mr. Farago, who on a recent weekday was also a babysitter, dashing frequently into his back office to check on his granddaughter.
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In addition to the cross-training initiative, he said the bank also last year increased staffing for salespeople and in its financial centers, and it also has tapped existing vendor relationships to quickly add back-office underwriting and fulfillment employees.
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The globalization of markets has meant that trading is now a 24/72 endeavor, requiring that salespeople be available at all hours to handle clients and that traders, engineers and back-office workers be available to execute and complete their orders.
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However, realising that the need for digitisation was real but that the market wasn't large enough for a "VC scale business," the startup pivoted one more time to develop a toolkit for back-office "process automation" for the global logistics industry.
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Kotick said the company will have to make significant changes to achieve its long-term goals, including some back-office support staff reductions, laying off staff at some poorly performing games and focus more on live, streaming game experiences for customers.
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Smith, with Kunins' help, is ready for Axon's next big thing: Scaling its new software-as-a-service offerings so Axon can compete with legacy rivals and dominate every conduit connecting law-enforcement agents and their hardware to the back office.
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With the acquisition of cloud-based business performance management software maker Adaptive Insights last year, Workday has been trying to become a one-step solution for all back-office services for small and medium sized businesses in a fiercely competitive market.
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Tipalti sits among a number of other startups that have emerged in recent years to help handle less-sexy, but very essential, back-office functions, the kind that can cripple or even kill off a business if not handled well.
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Having initially been sceptical about it because of worries over fraud, banks are now exploring how they can exploit the technology to speed up back-office settlement systems and free billions in capital tied up supporting trades on global markets.
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In the late 1960's there was a rash of brokerage firm failures driven by the so-called paperwork crisis — when firms were overwhelmed with transactions done on pen and paper, and the back office couldn't keep up with the front.
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One of the sources said on Wednesday Goldman had laid off traders, back office staff and investment bankers in Russia recently and linked the cuts to the bank posting its worst quarterly results in more than four years in April.
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"Right now, the company gets a ton of credit for its IT services division, but I think the rest of ServiceNow, all the auxiliary businesses that involve automating back-office jobs, is the real future of the company," Cramer predicted.
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There's Patti (Genevieve Angelson), a hippie just coming back to Earth, a researcher who is sleeping with a reporter (in the back office, no less), a true-blue '60s child who at first can't see the sexism right in front of her face.
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Brent Leary, owner at CRM Essentials, who has been watching this market for many years says that while SAP has a big back-office customer base in ERP, it's going to be tough to pull customers back to SAP as a CRM provider.
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Innovative fintech firms and a few nimble incumbents have started applying the technique to everything from fraud protection to finding new trading strategies—promising to up-end not just the humdrum drudgery of the back-office, but the more glamorous stuff up-front.
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Under the plan announced on Thursday, the company said it will decrease its number of vendors for back-office operations such as buying computers and marketing, centralize store operations, and move toward a "shared services" structure to standardize processes across department stores.
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RBR wants GAM to cut 353 back office jobs to help lower costs by 100 million Swiss francs annually, and has proposed to elect Kasia Robinski as chairwoman, William Raynar as a board member and Rudolf Bohli on its board of directors.
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"All business communications of [the] Warriors front office and Warriors back office as well as anything to take place within the Chase Center facility itself will now be powered by RingCentral," CEO Vlad Shmunis said in a one-on-one with Cramer.
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MUFG is planning to start the centre in the Philippines' capital in its next financial year beginning April, taking over some back-office operations at branches in Singapore and Australia, said the sources, who were not authorised to discuss the matter publicly.
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No intercompany reinsurance arrangements are currently in place and ivari does not share back-office functions, accounting, information technology or other systems with other Wilton Re group members although three senior executives from Wilton Re are on the board of directors of ivari.
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Workday, the cloud-based platform that offers HR and other back-office apps for businesses, is making an acquisition to expand its portfolio of services: It's buying Adaptive Insights, a provider of cloud-based business planning and financial modelling tools, for $1.55 billion.
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But unlike Indonesia, much of the population speaks good English, which has helped the Philippines to build a booming service sector built on business-process outsourcing (BPO), a category that takes in call centres, data transcription, software development and back-office services.
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"We must ensure that Lloyd's and the London market move together and continue to prioritise ... modernisation efforts," Lloyd's chief executive Inga Beale said in a statement, adding the changes "will increase efficiency, reduce back office costs, and most importantly improve customer service".
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In 2012, for instance, the state established a Business Services Center to centralize human resources and finance operations for its agencies; in 2015, Mr. Cuomo sought to consolidate back-office operations at CUNY and SUNY, but got little support from the State Legislature.
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Lawmakers also requested information about costs and potential savings from back-office operations at the Pentagon, recommendation from the study that Defense officials are considering implementing, a copy of the board's study and a copy of the study's 77-page summary report.
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With trades being executed in individual market centers with one set of participant and product identifiers in each and with no global identification system available thereafter in the middle- and back-office processes, significant problems of matching proprietary and non-standard identifiers abound.
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But the expansion of the role beyond overseeing back-office technology has also required those executives to develop a more diverse skill set that allows them to understand the needs of not just the IT team, but all business units across an enterprise.
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NEW DELHI/BENGALURU, March 25 (Reuters) - As the coronavirus pandemic pushes India into a lockdown, the call centres and IT services firms that function as the world's back office are struggling to piece together work-from-home solutions and other business-continuity plans.
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The case comes weeks after SAP, long a provider of business software that runs back-office functions such as finance or supply-chain management, announced a push into the $20143 billion market for Customer Relationship Management (CRM) - jargon for sales and marketing.
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A Defense Department official said on Tuesday that the report did not offer a clear path to the savings, but rather quantified what was spent on back-office functions and extrapolated from there how much savings could be gained from consolidating them.
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For some financial firms, equivalence is better than no access at all as it could mean shifting fewer jobs and activities to EU hubs, and perhaps continuing to centralize some back office operations such as booking trades at global centers in London.
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Morgan Stanley, which bases the bulk of its European staff in Britain, will have to move up to 1,000 jobs in sales and trading, risk management, legal and compliance, as well as slimming the back office in favor of locations overseas, one source told Reuters.
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TaskUs, the business process outsourcing service that moderates content, annotates information and handles back-office customer support for some of the world's largest tech companies, has raised $250 million in an investment from funds managed by the New York-based private equity giant, Blackstone Group.
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Alongside that are companies that have been building search-as-a-service from the ground up — like Elastic, Sumo Logic and Splunk (whose founding team, coincidentally, went on to found Lucidworks…) — both for back-office processes as well as for services that are customer-facing.
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At the end, they downed a couple of vodka shots and Mr Gorbachev, feeling unwell, disappeared into his back-office while Yeltsin strode off "as if he were marching along a parade ground", recalled Alexander Yakovlev, a close Gorbachev ally who had brokered the meeting.
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"There is no way in heck that I'd ever thought, sitting in that back office, that anybody would even care about these things," he told Fox News, "or that they would pay $100,000 for one," as a few of the rarest are worth today.
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Stripe's "works with" program, for example, is a fairly extensive directory of all the services you can integrate with Stripe's basic payments offering both to help it all tally up with your back office systems, and to work with other parts of your business.
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At Barclays, the aim is that critical support functions could continue to operate smoothly if either of its two main businesses were to run into trouble, while also keeping costs down by not having several separate back-office units, sources involved in the project said.
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Barclays has raised the bar for hiring outsiders and is leaving vacant roles unfilled — resulting in what some insiders say amounts to an informal hiring freeze for investment banking, FICC trading, and certain back-office roles — according to five sources familiar with the situation.
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Another source familiar with the matter described a holding pattern for hiring for some back-office roles in the US.Three of the five sources said the process has been viewed internally as an informal hiring freeze that has been in place for several months.
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Tasks range from reducing the number of payment systems from 140 to 10, and mortgage processing systems from five to one, to cutting thousands of back-office staff, said the source, who declined to be named as he is not authorized to speak publicly.
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Read more: Inside 'Area X': the elite teams at JPMorgan that help decide which tech projects to green light — and which to killChandarana runs the bottom layer, which pairs data scientists with front- or back-office colleagues working directly with internal or external clients.
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Smaller companies will have to go further to shore up their bottom line and, in addition to firing staff, may look to join forces with larger rivals to help share mid- and back-office costs, accelerating a trend begun over the last few years.
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Morgan Stanley, which bases the bulk of its European staff in Britain, will have to move up to 1,000 jobs in sales and trading, risk management, legal and compliance, as well as slimming the back office in favor of locations overseas, according to one source.
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The U.S. bank, which bases the bulk of its European staff in Britain, will have to move up to 1,000 jobs in sales and trading, risk management, legal and compliance, as well as slimming the back office in favor of locations overseas, one source told Reuters.
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The ads posted for jobs in Sterling's call centers in India and the Philippines show the company targeted fresh graduates who usually required only a year of work experience to qualify for a "nonvoice" or back-office position like data entry or searching US court records.
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The head of one of the world's biggest banks worries that a back-office operation in India has disaggregated its work into separate tasks so effectively that employees are no longer able to understand the processes as a whole, let alone make useful suggestions for improving them.
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Other uses for bank-backed blockchain projects would include secured global currency exchange rate speeds and increased transaction security, among other benefits, eventually allowing for an overhaul of the banking industry, replacing traditional back-office clearinghouses and other outdated mediums that exist between asset sellers and buyers.
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The 2013 intrusion at the Bowman Avenue Dam, about 30 miles north of New York City in suburban Rye Brook, New York, wasn't considered sophisticated -- the hackers managed only to get access to some back office systems, not the operational systems of the dam, U.S. officials say.
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The intrusion at the Bowman Avenue Dam, around 30 miles north of New York City in suburban Rye Brook, New York, isn't considered sophisticated -- the hackers managed only to get access to some back office systems, not the operational systems of the dam, U.S. officials say.
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Vox's Matt Yglesias laid out the competition concerns: Gobbling up Sprint will be a golden opportunity for the merged entity to, first and foremost, cut costs by closing now-redundant retail stores, reducing back-office headcount, and possibly securing some efficiencies on marketing and deals with suppliers.
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But despite having a number of promising sectors — including IT, back office services and renewable energy, as well as a cheap and educated labor force — its proximity to the conflicts in Syria, Iraq and the Palestinian territories have kept many investors away, the prime minister has admitted.
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Read more: Trillion-dollar Microsoft is gearing up for another potentially 'unprecedented' growth spurtbelieves that Microsoft's back-office softwareThat's in part because all the big cloud computing vendors, including Microsoft, Amazon Web Services, and Google, are madly trying to get companies to buy their cloud databases.
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NetSuite specializes in accounting and other back-office e-commerce software, especially for smaller businesses, and the deal goes to the heart of Oracle's attempt to reinvent itself for the cloud-computing era, where software is accessed over the internet, write Quentin Hardy and Leslie Picker.
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While students work in the lab, geologist Jerry Bartz, a lab coordinator at a North Texas community college, sits at a messy desk in the back office, surrounded by piles of papers, reading reports on his computer about the risk that natural gas drilling poses on dams.
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"It goes against their history as a firm; they've no track record of expanding consumer, commercial or corporate banking," the analyst Brian Kleinhanzl of KBW told the FT. Elsewhere in banking: Credit Suisse and UBS are reportedly in talks to combine some of their back-office operations.
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I went to a back office, booted up my computer and began, with the help of what we then quaintly called the library staff in New York, assembling as many clips as I could of articles on Diana that I and other Times correspondents had written.
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According to Bloomberg News, the internal report notes that, in early 2014, a series of inquiries about the propriety of mirror trades had been logged by multiple parties, including Hellenic Bank, in Cyprus, the Russian Central Bank, and back-office staff members at Deutsche Bank itself.
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SAP, the world leader in "back-office" financial control systems, on Tuesday is making its long-anticipated move to bring together all its "front office" software - combining a dozen separate customer-facing products and recent acquisitions - into a single integrated offering it will call C/4HANA.
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Jorge manages to get up the stairs before the DEA does, and he puts all of the money in a garbage pail and hides in Guillermo's back office while the rest of the room is ransacked by the DEA and the police taskforce our corrupt Calderon has summoned.
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While it has already stripped out costs by integrating back-office functions, BT will now provide customers with a more joined-up offering, backed by a marketing campaign and a move to improve its customer service reputation by bringing its call centers back to Britain and Ireland by 2020.
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The 20003 census is a total revision of the survey's process, eight years in planning, that replaces most paper forms with online ones, equips census takers with custom smartphone apps instead of clipboards and digitizes many back-office operations, like verifying addresses, that have long been completed by hand.
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The management changes come at a time when Wal-Mart is cutting thousands of back-office jobs in an effort to focus more on e-commerce, cut costs and have more employees on the sales floor Analysts expect such executive shuffles to continue as Wal-Mart keeps integrating Jet.
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N). Rocket explodes on launch pad in blow to Elon Musk's SpaceX Wal-Mart to cut 7,000 U.S. store back-office jobs HPE has received offers for the software unit of as much as $7.5 billion in a sale process managed by investment bank Goldman Sachs Group Inc (GS.
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BT said the review of Global Services, which will cost it 300 million pounds, would improve its financial performance and the long-term value it delivers to BT. The jobs cuts would come in managerial and back office areas in a restructuring designed to simplify the business, it said.
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UiPath, a startup that works in the growing area of RPA, or robotic process automation — where AI-based software is used to help businesses run repetitive or mundane back-office tasks, to free up humans to tackle more sophisticated work — has raised money for the third time this year.
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Virtus Partners, a fixed-income provider that runs Virtus Trade Settlement, met with about 40 investment firms and banks in January and discussed back-office issues related to settlement that need to be addressed as well as the cost to upgrade technology, sources told LPC earlier this year.
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The bank said in a statement that it had hired fintech company Broadridge Financial Solutions Inc to provide the tech tool, which its roughly 7,000 advisers and their staff will use for front- and back-office tasks, like opening client accounts, trade routing and order management and asset servicing.
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There are digital payments start-ups that have gone public and are well known, such as Square and PayPal, but also less proven niches, like online lending and the blockchain and, finally, core financial services going through change, including the digitization of the bank and asset manager back office.
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Now add sabotage: A bad actor at a back-office computer screen, or at any of dozens of other points along the transaction system, could bring an institution to its knees with a few key strokes, let alone the ongoing threat of hacking from criminal or state actors.
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Wal-Mart Stores — The retail giant said late Wednesday it is cutting up to 1,500 jobs in accounting and other back-office positions at stores in the Western region of the United States, the Associated Press reported, noting those employees are expected to be offered positions with direct shopper contact.
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Michelle McNamara, Writer and Wife of Patton Oswalt, Dies At 46 "I'd go back into the back office and Michelle would just be there … in tears because some road she had gone down had not panned out, and then — it's, 'I now have to start back again from zero,' " Oswalt says.
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BTIG tech analyst Rich Greenfield pointed out that because these license transfers essentially involve "back-office" technical operations, as opposed to major broadcast station functionality, they could be subject to a so-called "pro-forma" review by the FCC on an expedited basis, as opposed to a full-blown competition review.
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U.S. District Judge Peter Sheridan in Trenton, New Jersey, said late Thursday that the investors did not show that AXA breached its fiduciary duties by keeping most fees charged for mutual fund investments and back-office duties, while remitting only a small amount to subadvisers that did most of the work.
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The boom in this corner of Brooklyn, which has one of the biggest transit centers in the city, owes a lot to the city's 2004 rezoning of the downtown area to encourage the development of office towers and some residential buildings that could compete with Jersey City for back office operations.
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Robotic process automation — which lets organizations shift repetitive back-office tasks to machines to complete — has been a hot area of growth in the world of enterprise IT, and now one of the companies that's making waves in the area has acquired a smaller startup to continue extending its capabilities.
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In a case that turned on the tangled interplay of moral responsibility, criminal guilt and the consequences of complicity, Mr. Gröning, who never rose above the rank of corporal, insisted that he had played no more than a back-office role in the management of funds confiscated from Jews at Auschwitz.
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Lower Manhattan "has a residual perception as a back-office location," said M. Myers Mermel, chief executive of TenantWise, a real estate advisory firm, adding that office space downtown leases for around $27.2 a square foot less than comparable space at Hudson Yards in Midtown, despite having more transportation options.
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Morgan Stanley, which bases the bulk of its European staff in Britain, will have to move up to 1,000 jobs in sales and trading, risk management, legal and compliance, as well as slimming the back office in favor of locations overseas, a source involved in the process told Reuters in January.
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The back and middle offices of investment banking and all other financial services for that matter could also benefit from AI.Applications of AI in BankingThe three main channels where banks can use artificial intelligence to save on costs are front office (conversational banking), middle office (anti-fraud) and back office (underwriting).
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As the private-equity industry matures, Rainey and others said, firms will also adopt more sophisticated software that take care of private-equity back-office tasks such as accounting and finance, as well as front-office tasks, such as due diligence and deciding when is best to exit a company.
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Pearson said it expected to absorb around 320 million pounds, or about $450 million, this year in costs linked to the reorganization, which will include combining its education and professional testing activities in North America, as well as efforts to consolidate some back-office activities like finance, human resources and information technology.
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Block was specifically asked at the press event about Salesforce's interest in quote-to-cash vendors like SteelBrick and Apttus, and he said that these types of companies, which serviced the back office part of a sale weren't part of the company's overall vision to build (or buy) products that service the customer.
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Teams, meanwhile, has now passed Slack in user numbers, and in a way is a more direct competitor: it has positioned itself (like Workplace) as a tool for both knowledge and frontline workers, helping with actual back-office collaboration, as well as a way to broadcast communications to a wider group of employees.
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Indeed, partly due to a regulatory void in which they have operated until recently, and the lackluster innovative adaptability by traditional banks, fintech companies have quickly moved on from their initially modest offerings in back office operations into areas such as trading, investment, retail banking, thus emerging as direct competitors in the industry.
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Last week, we reported that UiPath, a startup out of Romania building AI-based services for enterprises in the area of robotic process automation (RPA) — helping businesses automate mundane tasks in back-office IT systems — was about to close a big round, upwards of $120 million at a $1 billion-plus valuation.
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"We are checking everything, doing a total audit, figuring out what to do if we don't have a receipt for a piece of equipment or for example four bottles of very expensive liqueur," said one paladar owner in Havana's upmarket Vedado district, as he sat in a back office with his accountant.
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Acquiring U.S. sales software firm Callidus, in a deal announced on Tuesday, will help SAP in its ambition to become the market leader in so-called front-office software used in sales and marketing, building on its strength in back-office software that is used by companies to maintain control over far-flung multinational operations.
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Up to now, UiPath has focused on internal and back-office tasks in areas like accounting, human resources paperwork, and claims processing — a booming business that has seen UiPath expand its annual run rate to more than $200 million (versus $150 million six months ago) and its customer base to more than 400,000 people.
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The banks worry that if they do not respond with their own instant payment offerings, they will be relegated to performing less-profitable back-office functions for hip new payment companies, which make their money primarily by charging small fees to customers who pay by credit card rather than directly from a bank account.
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" Of the affair, she explained: "It's not as if it didn't register with me that he was the president...but I think in one way, the moment we were actually in the back office for the first time, the truth is is that I think it meant more to me that someone who other people desired, desired me.
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This is why we're sitting in the NBC's back office on an old couch, next to a filing cabinet and an unopened growler of Marc's homemade wine: because I'd like to know how this local guy went from training kids in his cousin's basement, to working out of this white brick building, to helping the Olympic boxing team.
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While they are now in charge of much more than just back-office technology, it also means they're required to learn how to become cross-functional leaders who can maintain their tech chops and still being able to speak in language that executives in business sectors like sales, supply-chain operations, and human resources will understand.
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"I heard several gunshots and saw people screaming and running, and I told my best friend to get down, and I was yelling at the employees of the store to get down, and we all ran to the back office to hide," Colbri Brought-Burke, 19, told NBC News by phone from inside New York & Company, a women's clothing store.
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"He (Toby) understands the ins and outs of the provider challenges and has provided context for where there is huge opportunity for back office operational improvement like billing, coding, call center, and so on, all of which are addressable via machine learning tools," said Greg Moore, a vice president for Google Cloud healthcare & life sciences' team, and a colleague of Cosgrove's.
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By merging TriTech Software Services, a technology provider to first responders across the country; Superion, which sells emergency management and back office software for government operations (including billing and payments); and the public sector and healthcare businesses of Aptean, Bain and Vista have created a juggernaut that dominates public sector services, from policing to paying parking tickets, without any government oversight.
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Barclays insiders say a hiring freeze is afoot as roles stay unfilled, bonuses get slashed, and senior staff fleeBarclays has raised the bar for hiring outsiders and is leaving vacant roles unfilled — resulting in what some insiders say amounts to an informal hiring freeze for investment banking, FICC trading, and certain back-office roles — according to five sources familiar with the situation.
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"We have a lot to offer businesses at this time of need, from helping health-care payers to streamline and digitize the process of paying providers, which is difficult to do when back-office services have been disrupted, to providing a package of resources so that restaurants can digitize their menus and accept payments online — and so much more," says a Deluxe spokesman.
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Speaking to Business Insider in the wake of the raise, Maruthappu said the money will be used to roll out its "Smart Care" technology to care companies across the UK.This technology aims to digitize the whole care process: from the onboarding of users and carers and their matching; to back-office functions; to letting carers log information about their visits on their smartphones.
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Highly-educated, bilingual, and can offer tremendous, uh-, so we're-, we can always improve on trade-, trading of goods, but given that energy cost is still relatively high, compared to Saudi Arabia, and-, and the Emirates, where we really have a tremendous competitive advantage is the export of-, of-, of services, in-, in general, and particularly on-, on business and-, and back office services.
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"Equifax may actually make money off this breach because it sells all these credit-protection devices, and even consumers who say, 'Hey, I'm never doing business with Equifax again'—well, good for you, but you go buy credit protection from someone else, they very well may be using Equifax to do the back office part," said Warren, author of legislation co-sponsored by Sen.
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Then-governor Mario Cuomo convinced Chase Manhattan Bank, which had been rumored to be considering a move to New Jersey, to instead relocate several thousand of its back-office workers to a Metrotech building in exchange for a full property tax break, as well as breaks on sales tax on construction materials and on subsidized electricity; the total cost to taxpayers ended up being $235 million.
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The acquisition is a notable move for Kofax — itself acquired by Thoma Bravo last year in a $1.5 billion deal — as it continues to build up its business in Robotic Process Automation (RPA), the area of enterprise IT services that uses machine learning, computer vision and other AI-based tools to bring automation to repetitive or mundane back-office tasks that would have in the past been done by humans.
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WHAT MATTERS IS THE EXECUTION AND THE RESULTS AND HOW WE DELIVER IS THE CORE – THAT I'M FOCUSED ON. WITH RESPECT TO THIS QUESTION ABOUT BUSINESS UNITS AND HOW THEY FIT TOGETHER, A COUPLE OF THOUGHTS -- ONE IS, THERE'S A SIGNIFICANT AMOUNT OF SYNERGY IN THE THINGS THAT YOU SHOULDN'T THROW AWAY LIGHTLY AROUND CENTRAL RESEARCH, LEVERAGING TECHNOLOGY FROM ONE BUSINESS TO ANOTHER, COMMON BACK OFFICE OPERATIONS, BRAND, GLOBAL FOOTPRINTS, ETC.
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"The executive suite might be downtown, but you could have the back office and administrative functions in Colorado, the finance guys in Switzerland and the tax team in the U.K." Reinforcing the trend, Chemours plans to announce on Tuesday that it is staying here in Wilmington after considering suburban locations, most likely in the century-old headquarters it inherited from DuPont when the chemical giant spun out Chemours last year.
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One startup, Honor, places full-time employees in the homes of seniors with an eye on maintaining a consistent experience for the seniors with whom they work Now, another startup in the space, three-year-old, San Francisco-based Kindly Care, is taking more of a marketplace approach, pairing vetted caregivers with families who need them, then helping both sides manage their financial and tax arrangements by acting as their back-office provider.
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That's an opportunity that is so big — enterprise IT overall is forecast by Gartner to be a $1 trillion market this year — that AppZen will be facing a large range of competitors, not just those applying automation and AI to auditing expenses but those coming from other angles like robotic process automation (RPA) that are looking to expand from their computer-vision-based tasks into a deeper set of tools addressing other back-office needs.
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AI in its early days may have been the domain of tech companies like Google, Apple and IBM when it came to needing and commercializing it, but these days, the wide range of solutions that can be thought of as AI-based, and applications for it, can touch any and all aspects of a business, from back-office functions and customer-facing systems, through to cybersecurity and financial transactions, to manufacturing, logistics and transportation, and robotics.
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This is driving some interesting business opportunities for those who are looking to take leadership positions in this space, and in addition to traditional players like EY and Equus (which work together), as well as immigration data startups like Envoy Global, when you consider that companies like Salesforce and Microsoft, as well as startups like Zenefits are all also considering how to grow deeper into more back-office services for enterprises, you can see where a company like MOVE Guides (or Polaris, for that matter) might be an interesting target.
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While BPM has been around for years as a concept — and indeed there are a number of other companies that provide tools that are compared sometimes to Signavio's, such as from biggies like IBM and Microsoft through to Kissflow and others — what's interesting is how it's had a surge of interest more recently as organizations increasingly start to add more automation into their IT infrastructure, in part to reduce the human labor needed for more mundane back-office tasks, and in part to reduce costs and speed up processes.
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