In this regard, they offer another powerful lure to buyers and sellers -- automation of the tedious back-office procedures like invoicing and trafficking that relegate much of the process to the technological Stone Age.
Indeed, in September 2005, he summoned the bankers doing the most derivative business to attend a meeting at the New York Fed offices for the first time since the 1998 Long-Term crisistandManagement (LTCM) crisis, and was able to get them all to agree to overhaul their back-office procedures for confirming trades on credit derivatives.
The bank claims that Kerviel's knowledge of back-office procedures, as well as his use of forgery and deception to explain away ambiguous trades, allowed him to escape all forms of supposedly rigorous risk control.
Specifically, there have been improvements in ANGELS' back-office procedures as well as the development of specific telemedical sites.
We have had to make the simplifying assumption that such improved back-office procedures affect all areas equally, so that differences between resource combinations (telemedicine, hospital level) and the baseline condition are attributable to the resources themselves.
With service operation growing rapidly, ERP expanded its scope to synergize back office function automation with front office functions.
For example, if " something goes wrong with some medical procedure and at the end of the day the jurisdiction is being pointed to as some back-office operation," that could harm Barbados' reputation as a safe place for tourists.
Moreover, unlike past studies, no front-office process has a corresponding back-office process in our sample.
Societe Generale said the trader was responsible for "plain-vanilla" futures hedging on stock market indexes in Europe, and that he was able to conceal "massive" fraudulent positions thanks to inside knowledge of back-office control procedures.
In scarcely two weeks, he and other housing analysts have watched as the once-staid world of back-office bank procedures has spawned a scandal that threatens to further unhinge the housing market.
