Park Smart: Guide to Purchasing the Best Parking Management System

Parking lot management systems allows you to effectively manage your parking solutions. Read this guide to purchasing the best parking management system.

By Parking BOXX • 03 Sep, 2019

With hundreds of millions of Americans driving cars, it's understandable that parking can get crowded.

Thanks to the modern digital age, automated parking software systems have streamlined that process. If you manage a parking lot, it's only sensible to take advantage of parking management software.

After all, the rest of the parking industry is catching on to this technological revolution. Consider the following statistic. It indicates that by the year 2025, smart (or automated) parking lots in North America will generate $24 billion in revenue.

It's time for you to invest in a parking management system to optimize your operations. Still, there are a lot of ins and outs to navigate when it comes to choosing the best parking management system available.

The good news, though, is you've come to the right place by reading this article. Detailed below is your complete guide for finding the best parking management software.

Know What You Need in a Parking Management Solution

The first thing you should consider is researching the types of parking services on the market. You can invest in a solution for a simple coin station machine, for example, as an easy parking payment machine.

You might need a more complex control over your parking spaces, though. In that case, you'll need a more thorough hardware and software solution.

Full-featured parking systems can offer you automated validation for your guests. As they park in your lot, your software would track their time and required payment.

It's your choice as to how you want to seek payment for your parking lot, too.

You can install a walk-up location for visitors to make their payments. On the other hand, you can integrate the software solution so guests can pay from the convenience of tapping their phone with Apple Wallet, Google Wallet or many of the other electronic wallet options.

You also have the opportunity to include an entrance or exit barrier for your parking lot, by the way. This system feature allows you even more control over who is or isn't allowed in your parking spaces.

It's fortunate for you that you can, in essence, customize your ideal parking solution. You won't pay for services or features that don't make sense for your business.

It'll be up to you, though, to consider your parking solution in relation to your type of industry and customers.

Research Your Potential Parking Management System Provider

Whenever you hire any software solution provider, it's smart to do plenty of background research. To start, read reviews or do a quick Google search can show you whether any major red flags are associated with that software provider. Then, reach out to your potential parking management system provider. How comfortable do you feel with their evident knowledge of their field? After all, parking lots are everywhere and they should be able to tailor to their clients' specific needs.

Consider how large the parking lot and garage industry is throughout the United States. Already in the year 2019, it's generated $10 billion in revenue. In other words, your parking management software providers should have plenty of experience.

View sites and talk to operators. Doing so could give you great insight as to whether hiring a particular solution provider would be in your best interest or not.

Understand Costs and Evaluate Your Available Budget

Of course, the cost is one of the most important things to consider for parking software. You'll want to ensure it's worth the return on investment. As a responsible business owner, your top priority is the company's bottom line. Not only are you leaving your parking management profits in the hands of potential human error, you also have to trust that your employees are abiding by ethical codes. Instead of taking those risks, automate your parking management. That way, you can ensure you're getting the profits you deserve.

The good news is that strategic parking management is worth the investment of your time and resources. Parking management software systems, after all, can help you increase overall revenue in the long run. For more detailed specifics, check out this article on parking management systems.

If you have hired employees to manage your parking lot, how much are you paying them? The money it costs to staff your parking lot at all hours and train your parking attendants can be significant. They have to take a detailed inventory of available spaces and charge parking guests accordingly.

Use Analytic Data to Improve Your Parking Operations

The best parking management system should provide you with comprehensive analytic data. This data can be used in a variety of ways to improve your parking operations in the long run. For example, you might notice that your commercial parking lot has more traffic during peak seasons of the year. With that set of data, you can ensure your tailored marketing efforts prioritize those unpopular times of the year. That way, you can make intentional efforts to keep your parking lot full and your revenues up all year long.

It's your responsibility to evaluate the analytic data and make sensible improvements. For professional guidance, it might be worth reaching out to the experts at your parking management solution service!

Invest in the Ideal Parking Management System Solution Today

At this point in the article, you should feel comfortable determining the best parking management systems on the market. If you want to stand out ahead of your competitors in the parking industry, you'll take this seriously. That's why taking the time to research your potential software solution is so worthwhile. Make the most of your investment by ensuring that system software is efficient and easy to navigate.

Whether you run a hotel or own an office building, our top-quality automated parking solution is in your best interest. That's why we encourage you to browse through the rest of our website for more information on automated parking systems. To start, check out the details on our available parking software solutions today. We prioritize bringing our clients the best systems to manage their parking lot assets in today's digital era.