When you’re looking for parking management system, you’re looking to ensure that your software has three functions: data collection, report generation, and parking system management.
Data Collection
Data collection is essential for the day-to-day functioning of your parking lot system. Basic data collection includes: transaction records for transient paid parkers, monthly parkers, vehicle counts, credential info.
For transient parkers, who typically pay for the amount of time parked at the facility at the end of their stay (see flat rate PARCS for exceptions), the parking system software is essential. It tracks each parker’s entry and exit time (via ticket issued by the parking ticket machine) and charges the parker based on the established parking rate. Parking rate structures should be flexible to accommodate different parking rates for different days and times.
A good parking management system will collect time and date info as well as transaction information for each car, which as we will see in the next section, is important for the auditing process.
Every parking system will have a counting mechanism, which allows you to see how many cars are parked in your facility at any given time. Parking system software will keep counts by tracking how many cars enter and exit the facility. With counts you can analyze the level of occupancy in your parking facility and adjust rates to optimize revenue.
For monthly parkers, who enter the facility with a pre-authorized credential (e.g. access card, fob key, pre-printed barcode), the software must be able to recognize said credential from its database of credentials.
Report Generation
In a parking management system, report generation will be essential for two main reasons: optimizing revenue, and generating audit trails.
Collecting data is only half the battle. A good software system will have tools to make understanding your data better. Knowledge is power, and by understanding your data, you can set fee structures that will optimize revenue given the demands of your particular lot. Audit trails also give you a comprehensive view of your profits, serve as a quick indicator of how your business is doing, and alert you to any financial irregularities.