In Real Estate Development, How To Select The Right Asset Type And Strategy?

Thousands of companies worldwide, in industries such as construction, trucking, and aviation, already use neurotech devices to ensure that their employees are wide awake.Monitoring attention and focus. Many of us lack the ability to focus for long stretches at a time. But Olivier Oullier, a former president of the bioinformatic company Emotiv, believes that neurotechnology can help.A few years ago, at the Fortune Global Tech Forum, Oullier unveiled the MN8, Emotiv’s enterprise solution for attention management. The MN8 looks like a set of standard earbuds (and can in fact be used to listen to music or participate in conference calls). But with just two electrodes, one in each ear, the device allows employers to monitor employees’ stress and attention levels in real time.

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What are cutting-edge technologies used in the real estate industry?

1. Virtual and Augmented Reality (VR/AR): VR/AR technologies enable immersive property tours, allowing potential buyers or tenants to explore properties remotely. These technologies provide a realistic sense of space and layout, saving time and resources for both buyers and sellers.

2. Artificial Intelligence (AI): AI is being used in real estate for various purposes, such as chatbots for customer service, predictive analytics for property valuation, and data analysis for market trends. AI-powered algorithms can help automate repetitive tasks and provide valuable insights for decision-making.

3. Internet of Things (IoT): IoT devices and sensors are increasingly prevalent in smart homes and buildings. These devices collect and transmit data, allowing for better energy management, security monitoring, and improved occupant comfort. IoT technology is transforming the concept of smart buildings and enhancing overall efficiency.

4. Blockchain: Blockchain technology offers transparency, security, and efficiency in real estate transactions. Smart contracts powered by blockchain enable secure and decentralized real estate transactions, eliminating the need for intermediaries and reducing fraud risks.

5. Big Data Analytics: With the abundance of data available in the real estate industry, big data analytics helps analyze market trends, conduct market research, and identify investment opportunities. Data-driven insights enable real estate professionals to make informed decisions and optimize portfolio performance.

6. Drones: Drones have revolutionized property inspections, allowing for aerial imaging, surveying, and 3D mapping. Drones provide faster and more accurate data collection, reducing time and costs associated with traditional methods.

7. 3D Printing: While still in its nascent stages for real estate, 3D printing has the potential to disrupt the construction industry. It allows for faster and more cost-effective construction of building components and prototypes, reducing waste and improving sustainability.

8. Cloud Computing: Cloud computing enables real-time collaboration, document sharing, and remote access to property information.

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According to Hackett Group research in 2018, procurement professionals agree that digital transformation will help them achieve critical objectives such as cost-cutting, improving agility, and improving their productivity to the enterprise. One such digital transformation that procurement professionals should consider is deploying Contract Lifecycle Management (CLM) technology for their contracts.

Organizations with the most successful collaboration programs use a formal approach to manage cross-functional teams, with clearly defined roles and responsibilities on both sides of the partnership, backed by changes to internal incentive systems to promote full participation in collaboration projects. #holdingcompany #businessminded #businessquotes#businesssuccess  #businessman #businesstip#businessideas #womeninbusiness #businessmarketing#businessconsulting #businesspassion #socialmedia#businessopportunity #businesslife #strategy #businesses #growth#businessmentor #businessmotivation #entrepreneurs #creditrepair#coaching #businessplanning #networking #businessonline #consulting#contentmarketing #businessmanagement #businessconsultants#businessstartup #marketingtips #KhalidAlbeshri #pivot

Diversification strategy can kick-start a struggling business, or it can further extend the success of already highly profitable companies.

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Randy Ray Founder - Chief Executive Officer

Randy Ray Founder – Chief Executive Officer Randy Ray founded Jeunesse with Wendy Lewis. He holds degrees in computer science and psychology and has more than four decades of experience in the tech industry. Randy has designed, sold and installed countless hardware and software systems through the years for multinational companies and world-renowned organizations including NASA, the United…

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How to select the best Project Management Software

Project Management Software has become a must for all businesses nowadays. Project management entails determining the strategy and acquiring the necessary people and resources to plan, execute, and deliver a project on schedule and within budget. The program has been widely utilized in a variety of industries, including IT, construction, architecture, sales and marketing, surveying, and so on, for efficiently and successfully managing projects. However, it is important for you to have a clear understanding on how to pick the best project portfolio management software.

Why do you need a project management tool?

The project team, which consists of the project manager and team members, is involved in the management process. To increase efficiency and carry out the entire management process, they employ apps and tools to evaluate, plan, schedule, track, and manage projects. Your organization may use the program to keep projects up to date, stay up to date, and manage data. Just keep in mind that the software can only help the project team succeed; everyone must contribute to each job and to anything else is required. If you work with the improper blueprints, you won’t be able to complete a job effectively.

How to select a project management software

In today’s corporate world, project management has become increasingly important. The finest Project Portfolio Management Software is one that fulfills or matches the project’s needs for completion. These vital functions should be performed by the primary aspects of selecting software:

Priorities for Project Management

It’s helpful to have a better grasp of project management tasks from time to time when reviewing business software. This aids in establishing whether the program is capable of resolving any issues your company may have. Applying existing management techniques to project management software will aid in identifying how the program may be used to solve an issue. Breakdowns of what a project requires can also show how projects and software interact with one another.

Assess Future Project Management Requirements

While it’s tough to forecast how software will evolve over time, it is feasible to comprehend the program’s adaptability. A company’s ability to grow is aided by adaptable software. Simple-to-use software may or may not be able to adapt to a company’s changing demands as it expands. The more adaptable the software, the more alternatives a corporation will have to deal with a variety of scenarios. Without degrading current projects, a successful Project Management solution accepts change and meets changing business expectations.

Accounting Software Integration

A project management software’s capacity to synchronize company data with other software is a critical component. Because a firm may be utilizing an existing application and would like it to be synced to their preferred software, a program that can combine other software systems to function together is much better. In fact, choosing software that can interface with other programs can save money by reducing data setup time.

Relationship between the software provider and the customer

Both the software vendor and the client must build a mutually helpful relationship. When choosing project management software, it’s important to evaluate the software vendor’s responsiveness and competence, as well as its support for the purpose of serving. The organization or corporation should also note how keen the vendor and support are to assist when queries or difficulties emerge, as well as how quickly they respond. The seller should take an active role in assisting their customers.

If a corporation is currently utilizing a program and wishes to transfer to a new one, they should figure out how such a transition will be handled and whether such actions will be performed. When a corporation wants to move data from its present program to the chosen software, the changeover might be costly. As a result, such a corporation should assess how much effort is required to migrate to new software.

Now you have a clear understanding on how to select the best Project Management Software. Keep these options in your mind and invest your money on the most perfect tool available out there. Then you can streamline your projects and end up with receiving the best returns coming on your way.

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.

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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important KPI does help for CEO plenty of things like how much are your clients spending? How this is signified on your dashboard will depend on the market you work in.