Phone and we­bchat fea­ture al­lows ev­ery dis­cus­sion to be recorded in the cloud

The Irish Times - - Business Innovation -

Most part-ex­change ve­hi­cles are un­der­writ­ten or sold to traders who buy and sell on the ve­hi­cle. This process usu­ally in­volves a phone con­ver­sa­tion be­tween the trader and the dealer who ver­bally de­scribes the ve­hi­cle. This can lead to is­sues with in­ac­cu­rate de­scrip­tions and rene­go­ti­a­tions on the price “agreed” over the phone.

“The Ap­praisee phone and we­bchat fea­ture al­lows ev­ery dis­cus­sion to be recorded in the cloud, where it is ac­ces­si­ble [but un­able to be edited] for fu­ture ref­er­ence.” Ap­praisee (short for “ap­praise easy”) is in­te­grated with major ve­hi­cle his­tory in Ire­land and the UK.

Mur­phy came up with the idea for Ap­praisee hav­ing worked on a five-year project with Hertz Rent a Car in Ire­land. “We then started look­ing at in­dus­tries where out­dated pa­per pro­cesses were ham­per­ing ef­fi­ciency and lead­ing to lost prof­its, and the car-buy­ing cy­cle turned out to be an ex­act fit for our skill set and in­dus­try knowl­edge,” he says.

“There are a small num­ber of com­peti­tors who match us in us­ing photos and videos to cap­ture the con­di­tion of a ve­hi­cle, but we are un­matched when it comes to the data we have avail­able.”

Ap­praisee, which em­ploys five peo­ple, was launched in April of this year. In­vest­ment to date has been more than ¤100,000 and self-funded. The com­pany is now rev­enue-gen­er­at­ing and has re­cently signed an agree­ment with the So­ci­ety of the Ir­ish Mo­tor In­dus­try to sell the sys­tem to the so­ci­ety’s 350 mem­bers. It is also cur­rently tri­alling the prod­uct with a large Australian mo­tor group.

Ap­praisee is based at the busi­ness in­no­va­tion cen­tre in NUI Gal­way and has re­cently par­tic­i­pated in the NDRC’s Lauch­pad ac­cel­er­a­tor pro­gramme at the PorterShed in Gal­way.

Users of the prod­uct will pay ¤99 per month for a pri­mary out­let and ¤75 per month for ad­di­tional out­lets. There will be one free user sub­scrip­tion with each package and ad­di­tional users will be charged ¤25 a head.

The com­pany is now look­ing to raise ¤850,00 to fund its drive in the UK and Australian mar­kets.

Colm Mur­phy, founder of Ap­praisee

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