The software package aims to simplify the process of editing existing transactional documents, thereby enabling companies to manage the work in-house.

Giles Hill, UK managing director of Sefas Innovation, said: "Historically, even the simplest of amendments to such data-heavy documentation have cost companies huge amounts in third-party fees, IT support and administration man-hours.

"BackOffice enables companies to implement changes to existing documentation quickly, with minimal programming skills, so in-house staff will no longer need to rely on the intervention of external IT partners."