Financial Service Management
All types of activities which are of a financial nature could be brought under the term ‘financial services’. The term “Financial Services” in a broad sense means “mobilizing and allocating savings”. Thus, it includes all activities involved in the transformation of saving into investment. The ‘financial service’ can also be called ‘Finance service management’.
Financial intermediation is a process by which funds are mobilized from a large number of savers and make them available to all those who are in need of it and particularly to corporate customers.
A well-developed Account Payable Entries is absolutely necessary to mobilize the savings and to allocate them to various investable channels and thereby to promote industrial development in a country.
Classification of Lease Back Office Service.
The financial intermediaries in India can be traditionally classified into two:
i. Capital market intermediaries.
ii Money market intermediaries.
The capital market intermediaries consist of term lending institutions and investing institutions which mainly provide long term funds. On the other hand, money market consists of commercial banks, co-operative banks and other agencies which supply only short term funds.