Why Does Due Diligence Matter?

Why does due diligence matter?

Due diligence in business is the effort or process of gathering and analyzing information about a company before making a decision or performing a transaction involving that company. Due to the fact that no two organizations or corporations are alike, it is critical to do due diligence in order to get any information connected to the company or its assets.

Why is due diligence important to you?

You may believe that due diligence just serves one side, the buyer. However, it helps both parties, i.e., buyers and sellers.

Due diligence provides a buyer with all of the information they need to make a purchase and gives them peace of mind that they are making the proper decision. The data contains information about existing consumers, collaborations with other businesses, and any potential risks that the merging firm may face.

Due diligence, from the standpoint of a seller, assists the owner in learning more about their own firm, such as financial stability, and will also give information on why their market worth is low. Furthermore, it assists the owner in understanding their firm from the buyer’s point of view.

What does the due diligence report include?

The due diligence report is divided into five major categories.

Ø Legal reviews: Due diligence assists in evaluating whether or not the company with whom we intend to form a partnership has any liabilities. And, depending on the size of the company, the due diligence report clarifies whether or not there is any potential danger.

Ø Environmental Considerations: In the case of some companies, there may be some environmental risks associated with the business. In this sort of scenario, due diligence examines all of the risks and explains how they may influence the firm in the present or in the future.

Ø Financial information: The majority of firms concentrated on financial due diligence, reviewing and verifying all financial data. They check whether all of the data given is up-to-date and accurate or not.

Ø Business Sustainability: Cash flow management and long-term business sustainability are two critical components of due diligence. Based on these components and sales data from previous years, buyers will be able to decide if the investment is profitable.

Ø IT Capabilities: Identifying the company’s existing security threats and other IT-related issues fall under this area.

Due diligence will always be a vital aspect of running a business, especially whether forming a partnership or purchasing a firm. So, whether you are a buyer or a seller, due diligence is essential for both sides.

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khalid-albeshri

2 years ago

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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khalid-albeshri

1 year ago

Commercial and Mixed-Use Developments in Meddle East: Commercial and mixed-use developments play a crucial role in the real estate landscape of the Middle East, particularly in rapidly growing urban centers like Dubai, Abu Dhabi, Riyadh, Doha, and others. Here's an overview of these types of developments in the region: - Commercial Centers: Middle Eastern cities boast numerous commercial centers, including office buildings, business parks, and corporate towers. These developments cater to the needs of local and international businesses, offering modern office spaces equipped with state-of-the-art facilities and amenities. - Shopping Malls and Retail Centers: The Middle East is renowned for its extravagant shopping malls and retail centers, which serve as social hubs and entertainment destinations as much as they do commercial spaces. - Mixed-Use Developments: Mixed-use projects integrate various components such as residential, commercial, retail, hospitality, and entertainment within a single development, creating vibrant urban communities where people can live, work, and play. - Hospitality and Entertainment Complexes: The Middle East is home to some of the world's most luxurious hotels, resorts, and entertainment complexes, often integrated into larger mixed-use developments. Projects like Atlantis The Palm in Dubai, The Pearl-Qatar in Doha, and the Ritz-Carlton Riyadh in Saudi Arabia exemplify the region's penchant for extravagance and hospitality excellence. - Transportation Hubs: With increasing urbanization and mobility needs, transportation hubs have become integral components of mixed-use developments in the Middle East. Projects such as Dubai's Union Square and Riyadh's King Abdullah Financial District incorporate transportation facilities like metro stations, bus terminals, and parking structures to enhance connectivity and accessibility for residents, visitors, and commuters. - Sustainable Development: Many new commercial and mixed-use developments in the Middle East are incorporating sustainable design principles and green building practices to minimize environmental impact and enhance energy efficiency. This includes features such as solar panels, green roofs, rainwater harvesting systems, and efficient HVAC systems, aligning with global sustainability trends and local government initiatives. Overall, commercial and mixed-use developments continue to thrive in the Middle East, driven by urbanization, economic growth, and a desire for innovative and integrated urban spaces that meet the diverse needs of residents, businesses, and visitors.

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How practice tests help you prepare for cloud certification exams

Cloud computing is a form of Internet-based computing that provides shared processing resources and data to computers and other devices on demand. A model for enabling ubiquitous, on-demand network access to a shared pool of reconfigurable computing resources (such as networks, servers, storage, applications, and services) that can be quickly provisioned and released with little management effort or service provider interaction is what is generally referred to as cloud computing.

Practice tests for cloud computing are the best way to prepare for the certification exam. Practice tests are designed to give you a feel of what the real exam is like. They also make sure that you know all the important topics and concepts in order to pass them with flying colors. Cloud computing certification practice tests are not a replacement for a dedicated, in-depth study guide. Remember that the best way to prepare for the exam is to take an online course or attend a VMware certification course.

Practice tests for cloud computing can be categorized into different types:

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There are many practice tests that you can take to take your preparation to next level, for example, The Microsoft Azure Practice Test is a free practice test with over 50 questions. It provides a variety of difficulty levels and is available in English, Spanish, and German.

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khalid-albeshri

3 years ago