Learn Power BI Advance- Abstract Thesis Part 54: Concatenate Label Off

In 2024, 750 Chinese companies are working in Saudi Arabia. I will write about some aspects of the business collaboration between China and KSA

China and Saudi Arabia have deepened their collaboration across multiple sectors, driven by Saudi’s Vision 2030 and China’s Belt and Road Initiative (BRI).

Key Areas of Collaboration:

- Energy: China is a major importer of Saudi oil, and joint ventures like YASREF strengthen their energy ties.

- Infrastructure: Chinese companies, such as CSCEC, are involved in major projects like Neom and railway development.

- Technology: Huawei plays a key role in deploying 5G and advancing AI in Saudi Arabia.

- Manufacturing: Collaboration in industrial zones supports Saudi’s diversification efforts.

- Renewable Energy: Chinese firms are engaged in solar and wind projects.

- Cultural & Tourism: Growing cultural exchanges, tourism, and language programs strengthen ties.

- Defense: Cooperation in arms and military technology is growing, though less publicized.

- Finance: Chinese banks operate in Saudi Arabia, with mutual investments bolstering financial ties.

This partnership supports both nations' economic goals and strengthens their strategic positions.

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28.05: planning a three month long break; using a mug that's been lying on my shelf unused since forever; making some progress on my reading; creating my portfolio

i have about three months before my masters begins, and i want to use it extensively to learn subjects that i don't get to study academically or professionally. i'm also planning to learn sanskrit. i don't have a lot of confidence for it, but i'm gonna try anyway.

self study requires so much discipline. being a designer, my graduation in the design field didn't require me to "study" as much. in fact, i've not had a written exam in like 6 years. i did have a lot of presentations, case studies and juries though, which seems worse to me. but i think that's a classic case of the grass being greener on the other side.

my neurodivergent brain created a massive list of hobbies to pursue, subjects to learn and books to read. i'm really excited for the next three months though, it's all about how i plan and prioritise the things i want to do. (i won't, it's gonna be a chaotic hot mess but let's humour my enthusiasm).

Reimagining Product Innovation with a Smart Asset Finance Software

We are witnessing a paradigm shift in the asset finance industry, a shift from traditional finance and leasing to delivering a more customer-centric holistic digital experience. Customers today want the ease and convenience of doing business on a channel and medium of their choice, and your employees need a platform to collaborate and add value to the business, irrespective of their physical location. 

Lessors today recognize that to survive in this digital age they need to constantly re-invent and become a more agile and smarter version of themselves. Your asset finance business needs to go beyond the restrictions and rigidity of legacy systems that are impacting your business growth. From application development to business operations- speed, efficiency, and scalability have become the cornerstones for success today. But while this leads to the belief that rethinking the technology landscape is an existential imperative, simply upgrading the “as-is” business via a new software suite or product is not enough.

To understand how asset finance leaders envision the future, how they plan to build for it, and what capabilities they need to be able to do so, we brought together a panel of industry experts, leaders and solution providers in a two-part webinar ( To watch webinar click here). As a part of the webinar, we also asked industry leaders strategies on adapting to this digital revolution. Read to find what your peers think are the top capabilities that a smart asset finance software should be able to essentially deliver.

1.     The Shift to Consumption-friendly Pricing

The current shift toward more agile and flexible business models are pushing Lessors to build new products and services. Lessees today want to have the flexibility of paying only for what they consume and avoid getting into significant upfront capital investments. Under-utilized assets may come out cheaper for customers when compared with conventional leasing.

From an economic perspective, it means that lessors now will have to find ways to predict asset usage to set their price accordingly. This is because, with consumption-based leasing, it is difficult to predict what portion of the fixed expenses such as tax, insurance and asset depreciation should get allocated to every customer. 

Needless to say, that this culture of product servitization is difficult to drive with manual or legacy systems. As these consumption models change the form, lessors will be left asking themselves – how

do we build core systems that provide enough flexibility and enables us to make corresponding changes as these newer consumption models develop and mature. 

A smart asset finance software will provide a coherent platform ecosystem that helps you to build stability for your core business operations today while provisioning for iterations and incremental changes in the future without upsetting the entire tech stack. A centralized, platform-based approach will streamline your current operations, provide a granular level view across all stages of a customer’s end-to-end journey so that you can monitor, measure and build transparent pricing models. 

2.       The Rise of the Low-code Platform

 Gartner forecasts low code to increase its share in application development activity to 65%, with three-quarters of large enterprises running on multiple low-code development tools by 2024. Low- code development platforms provide organizations with the much-needed agility and speed that have become the cornerstone of modern-day app development. 

Conventional legacy systems were never built for the kind of changes, speed and flexibility that the market demands today. These monolithic systems are closely interlinked and hence, changes to a single component can impact the functioning of the whole system. This pushes organizations into a vicious cycle of development, tests and fixes, eating into precious time, efforts and resources. 

A framework-based low code environment enables developers to leverage an existing set of codes, behavioural and structural models, and pre-built modules in the development environment. This allows for more automation in the development and testing process, faster development and

delivery, and lesser requirements for resources, skill sets and engineering efforts.  

The right asset finance software is designed as a rich technical ecosystem built on top of the underlying framework so that changes made to functional modules don’t upset the core structure. The pre-built system components and the underlying power of the framework enable lessors to configure and customize application on-demand, extend or build new applications, and make quick changes. 

3.  Adapt, Accelerate, Scale

With more than 60% of the respondents choosing a faster time to market and scalability as some of the biggest business priorities, it is evident that the rigid, obsolete legacy systems are going to be inadequate to meet the demands of the future. An intelligent asset finance software will help transform how you operate, speed up policy implementation and decision making while maintaining strong compliance.

Conventionally, business processes have mostly been built keeping an inward view of a company’s operations- concentrating on optimizing and automating core transactional processes and systems like accounts payable/receivable, order management, procurement etc. However, an architecture that enables companies to perpetually evolve their businesses cannot focus only on the journey that customers use in purchasing their offerings. Many asset finance companies are looking at transforming to an outward view focused on the customer experience online and offline and an IT architecture that reflects a larger journey. 

Technology lies at the heart of this transformation- an agile IT ecosystem that can provide end-to- end asset-based functionalities, data intelligence and extensibility in one seamless platform to bring value across all dimensions of the leasing business. By standardizing and digitizing, companies can remove friction from processes and the time and effort taken in tedious, manual paperwork. By leveraging the power of mobility and APIs and portals, companies can deliver a superlative customer experience- by facilitating transactions from anywhere, at any time. Be a customer who wants to apply for a new lease or a vendor who wants to reduce the time to funding, it’s all down to the ease of the digital experience.

4.    Data is the New Oil

Traditional asset finance organizations are realizing that advanced analytics can enable them to make better decisions quickly and consistently. By embracing data intelligence and analytics at multiple points across the asset-management value chain, asset finance leaders can transform business efficiency, from providing valuable insights to customers and help them make better investment decisions to drive changes in the middle- and back-office productivity internally. 

However, to be able to leverage the power of data, the most critical step in addressing the problems of the source data. Data stored in legacy systems, siloes or spreadsheets are poorly documented and formatted and are difficult to collate and integrate. For any data intelligence strategy to work, it is important that there is a seamless flow of business data generated across all business and third- party applications, with minimal manual intervention, and that the data is centrally located and accessible to all in easy to understand formats.  

Companies can then use this granular data to build pay-per-use models or leverage visualization tools to generate reports for critical business insights. 

 How Odessa’s asset finance software can help you

Over the last two decades, product innovation at every stage has been guided by us asking ourselves the following questions

·       How do we enable our customers to scale their business and operations on demand?

·       How do we help our customers deliver seamless digital experiences to their stakeholders?

·       How do we empower our users with insights through real-time data analysis?

We knew that to counter these challenges, most businesses would conventionally have to opt for multiple product-based solutions, all bolted on top of each other and creating a complex

environment that is rigid and difficult to scale.  

To solve this we extracted the core technology framework and put it down as the foundation layer. The basic technology framework provides a robust functional core build to global standards. On top of this foundation, we build our functional layer which hosts all our products, functionalities, and the business logic and rules. The topmost layer is a highly user-friendly and intuitive UI that allows for

integration and customization unique to your business.  

The Odessa Core platform is an asset-based, cloud native, end to end management platform that can streamline your business operations, build a centralized database and provide the right platform for your teams to collaborate- saving cost, time and resources and making your business more efficient. By choosing to host your infra on the cloud you can leverage the scalability, agility and cost-

effectiveness of the cloud. 

Odessa tightly integrates with a host of complementary surround capabilities for and a comprehensive digital transformation experience. Odessa Build and DevOps enable companies can

integrate their core platform with third-party applications or build, extend apps and workflows easily without any hassle. Various enablement portals make it easy for the customers and partners communities to do business with your organization. A low-code development platform for applications, mobility, data intelligence and analytics services are some features that cater to all dimensions of a leasing enterprise across captives, large customers, mid-size enterprises.

 We are not just another asset finance software. We are a smarter asset finance software. Contact Odessa to learn more.

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World Architecture Day

The occasion of World Architecture Day reminds us of ancient as well as modern architectural wonders that will forever be appreciated and loved. Let us motivate young aspiring architects to create sustainable architecture designed for the well-being of buildings.

💡 Return on investment (ROI) is a financial metric used directly measure the amount of return or monetary gain on a particular investment put into business, real state or buy and sell. 

This video explains the formula on how calculate ROI or Return on investment. Also, I will give a sample scenario on how to compute the Return on investment (ROI) percentage for a sewing and clothing business.

How to a company's increase operating profits?

Increasing a company's operating profits can be achieved through several strategies focused on boosting revenue and controlling costs.

1. Increase Revenue

- Expand Sales Channels: Use online platforms, retail, wholesale, and partnerships.

- Enhance Marketing: Implement targeted campaigns via digital marketing, social media, and SEO.

- Diversify Offerings: Introduce complementary products or services.

- Improve Customer Service: Ensure high-quality service to encourage repeat business.

- Optimize Pricing: Find a balance between competitive pricing and profit margins.

2. Control Costs

- Reduce Operating Expenses: Cut unnecessary spending and negotiate better supplier terms.

- Optimize Inventory: Implement just-in-time practices to reduce holding costs.

- Increase Efficiency: Invest in technology and streamline operations with automation and lean management.

- Outsource Non-Core Functions: Reduce overhead by outsourcing.

3. Improve Profit Margins

- Increase Efficiency: Enhance processes to reduce waste and improve productivity.

- Enhance Product Quality: Focus on quality to reduce returns and increase customer satisfaction.

- Negotiate with Suppliers: Get better terms for materials and services.

4. Financial Management

- Manage Debt: Ensure interest payments don’t erode profits; consider refinancing high-interest debt.

- Manage Cash Flow: Effectively manage receivables and payables to maintain healthy cash flow.

5. Employee Productivity

- Invest in Training: Provide continuous training to boost efficiency.

- Offer Incentives: Align employee goals with company performance through bonuses and profit-sharing.

6. Innovation and R&D

- Invest in R&D: Innovate to stay competitive and command higher prices.

- Adopt New Technologies: Use the latest tech to streamline operations and reduce costs.

7. Strategic Partnerships

- Form Alliances: Partner with other businesses to access new markets and share resources.

- Enter Joint Ventures: Share risks and capitalize on new opportunities through joint ventures.

Regularly review financials, monitor KPIs, and stay agile to adapt to market changes for sustained profit growth.

Cash Flow Forecasting - A Need Of Every Business!

Each morning at my child’s bus stop, there is a foolproof route to say that the school bus is about to arrive: when you see a group of children running towards the bus stop from the park, you know that the faithful yellow hardtop is on his way.

Is this child’s game or strategy? I would say tactical because here the experience showed that these children just have enough time to go from the park to the bus stop once they saw the school bus arriving towards the bus stop. What has this to do with the forecast of cash flow.

If you pay attention to how and when the cash is flowing in and out of your business, you’ll never miss the bus. Or at least, you’ll have a pretty solid idea when the bus is to arrive, if it’s running late or if you’ll need any alternate transportation.

And if you pay attention to your business cash flow whether it’s flowing in or out, you will never gonna miss the bus. Forecasting your cash helps you anticipate cash gaps well in advance. 

Here’s why there is a need for cash flow forecasting for every business:

Cash Shortage Notices

A healthy cash flow forecast data helps you find the cash gaps of your business far in advance and allow you to take action. That means you can take necessary actions like negotiations over credit rates, credit control systems, etc.

‘Forewarned is forearmed’

Cash flow forecasting gives you a clear picture of your business cash positions. This means you might have to use online lending tools like Fundera, Fundbox, etc to fill cash flow gaps.

Grow Your Business With The Use Of Cash Surplus

Growing businesses need to notice and take advantage of a cash surplus. With money in your hands, you always have the opportunity to invest in the right way to grow your business.

With a cash flow forecasting app, you will know about when, where, and how much to reinvest to run your business. Adopting the right forecasting method in your business financial forecasting model, you will always be heading to increase your business at a safe and healthy pace.

By adopting cash flow forecasting tools, fintech accountants can integrate cash flow forecasts with their existing financial model and help business clients stay up-to-date on their upcoming, due, or past-due payments. These technologies add value to the fintech’s solutions and allow business clients to spend more time on their platform instead of looking to external apps for cash flow forecasting, management, and planning.

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