After a hacker group held CDK’s system hostage for ransom (what has been reported at this time), FRIKINtech dealers were able to utilize the desking solution that automates payments to customers. This was especially useful for eLead CRM stores that lost their penciling/desking capabilities during busy selling weeks.
All FRIKINtech dealers have access to a manual desking solution that auto-calculates taxes, fees, incentives, rebates, leases, loans, and cash deal details.
We had to build a robust pencil solution in order to make accurate payments automate for dealer websites, advertising, CRM lead response, equity, and service drive offers. And to test the accuracy before every launch, we needed to make a manual version.
-Alex Snyder, FRIKINtech CEO
All incentives and rebates are available and built to stack properly for leases and/or loans. On top of that, sales managers are exposed to lending programs they have not used for payment quotes in the past. Most sales managers only use rates from captive lenders, while FRIKINtech exposes the best lending programs for the situation from up to 1,400 lenders.
Dealers utilizing FRIKINtech’s desking capabilities during the CDK breach realize they can do digital desking from a computer screen or tablet instead of using the printer—but the printer works, too!
In light of the data breach for CDK DMS and eLead CRM, we hope dealers will begin to employ a technology diversification strategy. FRIKINtech should be one of those technologies as it can encompass a need the dealer has today while having backup capabilities that other systems may not be able to provide in future ransom attacks.
FRIKINtech is a Fortellis-certified solution, so when systems are back up at CDK, data will flow to automate all systems again.
VehicleLyfe turns negative equity from a deal-killer into a loyalty play by tracking each customer’s equity position, timing outreach to when they can finally move, and connecting them to real payments that actually work for their budget so more trades and F&I opportunities stay in your store instead of dying on the desk.
With negative equity stranding loyal customers in their current loans, VehicleLyfe steps in as a proactive ownership guide that surfaces equity-building moments, protects F&I profit, and keeps payment-strapped drivers coming back to your dealership when they’re finally in a position to trade again.
