With the increasing squeeze on margins in financial services organizations, companies may need to look beyond their operational areas and to their back office to further reduce expenses.

If your organization is thinking of launching an initiative in the back office, here are five ways to boost your success: 1. Understand its uniqueness. “Back office” is a handy term to lump together the non-operational functions of IT, Finance, Human Resources, Actuarial, Risk Management and Law. However, each back office function is unique. The approach to each is best done with functionally experienced and highly credible facilitators.

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