Nic engaged with Kiratech during a disaster situation named “Black Saturday” – as Saturday is busiest trading day, Nic’s platform at that time went down in their initial pilot dealerships. The human error factor resulted in inaccurate cost evaluations, low inventory turnover, and loss of revenue. But, Kiratech were able to swiftly bring the service back up and take over ongoing software development requirements. Since then, iAppraise has scaled across Australia and overseas into New Zealand.
Followed by an initial audit, Kiratech developed iAppraise in partnership with xPhase to create Australia’s most cost effective and efficient appraisal system which is now being used by over 400 car dealerships across both countries (Australia and New Zeland). This digital solution streamlined the appraisal process and stores data in the cloud, resulting in a more manageable and substantially faster workflow.
The digital cloud storage resulting in a more manageable and substantially faster workflow
Automated data checks to ensure for accuracy on vehicle’s valuations
Mobile App integrates wholesalers directly into the process, allowing bidding and increase inventory turnover speed
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iAppraise was built on highly reliable AWS infrastructure. The software was developed with Python programming language and Django framework. With all risk factors considered, this new development helped increase the parties’ inventory turnover speed and maximise revenue, while also creating a new commercial opportunity to sell the product as a service to dealerships and wholesalers.
Dealer inspects the vehicles and appraises the car online through iAppraise which only takes 5 minutes
Managers verify the appraisals and communicate with wholesalers for the vehicle’s offers
The best offer is chosen, followed by a deal and sale of the vehicle smoothly
Since launching in 2017, iAppraise software has adopted:
Worth of appraisals
Nicholas Hicks's passion and intimate understanding in the automotive industry has led him to partner with Australia’s leading technology experts to create an application that is essential for all dealerships who pride themselves on running an efficient and profitable business.