AL TANMIA BUSINESS MANAGEMENT & SERVICES

Industry Classifications - NAICS

• » Software Publishers

• » Finance and Insurance

• » Computer Systems Design and Related Services

• » Computer Facilities Management Services

• » Translation and Interpretation Services

• » Business Support Services

• » Other Business Service Centers (including Copy Shops)

• » Court Reporting and Stenotype Services

• » Home Health Care Services

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Software Publishers

NAICS # 5112 |

Finance and Insurance

NAICS # 52 | The Sector as a Whole

The Finance and Insurance sector comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities are identified:

1. Raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities. Establishments engaged in this activity use raised funds to acquire financial assets by making loans and/or purchasing securities. Putting themselves at risk, they channel funds from lenders to borrowers and transform or repackage the funds with respect to maturity, scale, and risk. This activity is known as financial intermediation.

2. Pooling of risk by underwriting insurance and annuities. Establishments engaged in this activity collect fees, insurance premiums, or annuity considerations; build up reserves; invest those reserves; and make contractual payments. Fees are based on the expected incidence of the insured risk and the expected return on investment.

3. Providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs.

In addition, monetary authorities charged with monetary control are included in this sector.

The subsectors, industry groups, and industries within the NAICS Finance and Insurance sector are defined on the basis of their unique production processes. As with all industries, the production processes are distinguished by their use of specialized human resources and specialized physical capital. In addition, the way in which these establishments acquire and allocate financial capital, their source of funds, and the use of those funds provides a third basis for distinguishing characteristics of the production process. For instance, the production process in raising funds through deposit-taking is different from the process of raising funds in bond or money markets. The process of making loans to individuals also requires different production processes than does the creation of investment pools or the underwriting of securities.

Most of the Finance and Insurance subsectors contain one or more industry groups of (1) intermediaries with similar patterns of raising and using funds and (2) establishments engaged in activities that facilitate, or are otherwise related to, that type of financial or insurance intermediation. Industries within this sector are defined in terms of activities for which a production process can be specified, and many of these activities are not exclusive to a particular type of financial institution. To deal with the varied activities taking place within existing financial institutions, the approach is to split these institutions into components performing specialized services. This requires defining the units engaged in providing those services and developing procedures that allow for their delineation. These units are the equivalents for finance and insurance of the establishments defined for other industries.

The output of many financial services, as well as the inputs and the processes by which they are combined, cannot be observed at a single location and can only be defined at a higher level of the organizational structure of the enterprise. Additionally, a number of independent activities that represent separate and distinct production processes may take place at a single location belonging to a multilocation financial firm. Activities are more likely to be homogeneous with respect to production characteristics than are locations, at least in financial services. The classification defines activities broadly enough that it can be used both by those classifying by location and by those employing a more top-down approach to the delineation of the establishment.

Establishments engaged in activities that facilitate, or are otherwise related to, the various types of intermediation have been included in individual subsectors, rather than in a separate subsector dedicated to services alone because these services are performed by intermediaries, as well as by specialist establishments, the extent to which the activity of the intermediaries can be separately identified is not clear.

The Finance and Insurance sector has been defined to encompass establishments primarily engaged in financial transactions; that is, transactions involving the creation, liquidation, change in ownership of financial assets; or in facilitating financial transactions. Financial industries are extensive users of electronic means for facilitating the verification of financial balances, authorizing transactions, transferring funds to and from transactors' accounts, notifying banks (or credit card issuers) of the individual transactions, and providing daily summaries. Since these transaction processing activities are integral to the production of finance and insurance services, establishments that principally provide a financial transaction processing service are classified to this sector, rather than to the data processing industry in the Information sector.

Legal entities that hold portfolios of assets on behalf of others are significant and data on them are required for a variety of purposes. Thus for NAICS, these funds, trusts, and other financial vehicles are the fifth subsector of the Finance and Insurance sector. These entities earn interest, dividends, and other property income, but have little or no employment and no revenue from the sale of services. Separate establishments and employees devoted to the management of funds are classified in Industry Group 5239, Other Financial Investment Activities.

Computer Systems Design and Related Services

NAICS # 5415 | This industry comprises establishments primarily engaged in providing expertise in the field of information technologies through one or more of the following activities: (1) writing, modifying, testing, and supporting software to meet the needs of a particular customer; (2) planning and designing computer systems that integrate computer hardware, software, and communication technologies; (3) on-site management and operation of clients' computer systems and/or data processing facilities; and (4) other professional and technical computer-related advice and services. Selling computer hardware or software products from retail-like locations and providing supporting services, such as customized assembly of personal computers,--are classified in Industry 443120, Computer and Software Stores; Wholesaling computer hardware or software products and providing supporting services, such as customized assembly of personal computers,--are classified in Industry 423430, Computer and Computer Peripheral Equipment and Software Merchant Wholesalers; Publishing packaged software--are classified in Industry 511210, Software Publishers; and Providing computer data processing services at their own facility for others--are classified in Industry 518210, Data Processing, Hosting, and Related Services.

Computer Facilities Management Services

NAICS # 541513 | This U.S. industry comprises establishments primarily engaged in providing on-site management and operation of clients' computer systems and/or data processing facilities. Establishments providing computer systems or data processing facilities support services are included in this industry. Establishments primarily engaged in providing computer data processing services at their own facility for others are classified in Industry 518210, Data Processing, Hosting, and Related Services.

Translation and Interpretation Services

NAICS # 54193 | This industry comprises establishments primarily engaged in translating written material and interpreting speech from one language to another and establishments primarily engaged in providing sign language services. Providing transcription services--are classified in Industry 561410, Document Preparation Services; Providing real-time (i.e., simultaneous) closed captioning services for live television performances, at meetings and conferences--are classified in U.S. Industry 561492, Court Reporting and Stenotype Services; Providing film or tape closed captioning services--are classified in U.S. Industry 512191, Teleproduction and Other Postproduction Services; and Analyzing handwriting--are classified in Industry 541990, All Other Professional, Scientific, and Technical Services.

Business Support Services

NAICS # 5614 | This industry group comprises establishments engaged in performing activities that are ongoing routine business support functions that businesses and organizations traditionally do for themselves.

Other Business Service Centers (including Copy Shops)

NAICS # 561439 | This U.S. industry comprises (1) establishments generally known as copy centers or shops primarily engaged in providing photocopying, duplicating, blueprinting, and other document copying services, without also providing printing services (e.g., offset printing, quick printing, digital printing, prepress services) and (2) establishments (except private mail centers) engaged in providing a range of office support services (except printing services), such as document copying services, facsimile services, word processing services, on-site PC rental services, and office product sales. Establishments engaged in providing document copying services in combination with printing services, with or without a range of other office support services, and establishments known as quick or digital printers are classified in Industry 323110, Printing; Establishments engaged in providing mailbox rental and other postal and mailing services with or without one or more other office support services (except printing) are classified in U.S. Industry 561431, Private Mail Centers; Establishments exclusively engaged in providing a single office support service (except document copying) to clients, but not the range of office support services that establishments in this industry may provide, are classified according to the service provided; and Establishments engaged in providing full service office space, whether on a lease or service contract basis, are classified in Industry 531120, Lessors of Nonresidential Buildings (except Miniwarehouses).

Court Reporting and Stenotype Services

NAICS # 561492 | This U.S. industry comprises establishments primarily engaged in providing verbatim reporting and stenotype recording of live legal proceedings and transcribing subsequent recorded materials. Providing stenotype recording of correspondence, reports, and other documents or in providing document transcription services--are classified in Industry 561410, Document Preparation Services; and Providing film or tape captioning or subtitling services--are classified in U.S. Industry 512191, Teleproduction and Other Postproduction Services.

Home Health Care Services

NAICS # 6216 |

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