Smart Parking: How to Choose the Best Parking Management System
With millions of Americans own and drive cars, it is understandable that the parking situation has a lot of problems. But thanks to the advancement in technology in this digital age, CVPS or computerized vehicle parking system have managed to streamline the process.
If you are managing a parking space, it is only practical that you take advantage of any excellent parking management software. After all, the rest of the industry is starting to catch up on the technological parking revolution. People need to consider the following statistics when it comes to this topic.
According to studies, by the year 2025, automated or smart valet spaces in the United States will generate more or less $30 billion in revenue. It is time for everyone to invest in this industry to maximize their operations. Still, the ins and outs of this business need to be studied to choose the best parking management system like Amano and to take advantage of this industry.
Fortunately, you have come to the right place (or article). Listed below are some tips and tricks on finding the best CVPS or computerized vehicle valet service in the market today.
Know and understand what you need
The first thing you need to consider is doing your due diligence in researching the different kinds of parking services today. You can invest in a simple, coin-operated payment machine. You can also invest in a more complex mechanism for your lot. In this case, you will need a thorough software and hardware solution.
A full-featured automated parking system can give you a computerized validation to your customers. As people park their vehicle in your lot, the software can track the time of their arrival up to the time they leave and the corresponding payment for their stay.
It is your choice the services are paid, whether through credit card, cryptocurrency or cash.
On the other hand, you can merge or integrate your software solution so customers can pay their parking fee using their smartphones from their Google Wallet, Apple Wallet or other digital wallets available today.
You can also have an opportunity to include the entrance or exit barrier for your establishment. The system feature will allow you to have more control over who is allowed in the parking lot. Fortunately, you can customize your parking solution according to your liking. You will not pay for the features or services that do not make a lot of sense for your business. It will be up to you to consider the solution based on the kind of customers and the industry you are in.
Do your due diligence in researching your potential system provider
Whenever you plan on hiring a software solution provider, it is best if you do some background research on different providers that you plan to hire. For starters, read some online reviews or you can check out Google and search for the best service providers. Searches will show any potential red flags associated with the service provider.
The next thing you need to do is to reach out to potential candidates. You need to make sure that you are comfortable with their knowledge about the industry. After all, parking spaces are almost everywhere and they need to be able to adapt and tailor the client’s needs.
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You need to consider the size of the garage or the lot industry all over the United States. In 2019 alone, the sector generated more or less $15 billion in revenue. In other words, the parking management software provider that you choose needs to have a lot of experience in this kind of business. Check out websites or talk to different operators. In doing this, it can give you a closer look as to whether it is in your best interest to hire a particular service provider or not.
Know the costs and evaluate your budget
Of course, the amount of money you are willing to invest and the cost of starting this business is still the most important thing you need to consider when it comes to choosing a software. You want to make sure that it is worth the ROI or Return on Investment. As a competent and responsible business owner, your main priority is your company’s bottom line.
Not only you are leaving the fate of your valet management business, especially the profit, in the hands of possible human error, you also need to trust every employee and make sure they abide by every ethical code. Instead of exposing your business to possible risk of human errors, you can automate or computerize your parking management by hiring the best service provider.
This way, you can make sure that you are getting the right profits that your business deserves. Fortunately, the strategic valet management is worth your time, money and energy. The software system can help you maximize your overall revenue in the long run
Use data analytics to improve your operations
The best valet management system needs to provide any business owners with comprehensive data analytics. The data can be used in different ways to help improve your valet operations in the process. For example, you might notice that the commercial parking space you are operating has a lot of traffic during the busy or peak seasons like Labor Day, Fourth of July, Black Friday, Thanksgiving or Christmas Day.
Do you want to know the reasons why data analytics is the future of AI-operated systems? Visit this website to know more.
With your data, you can make sure that your tailored marketing plans will prioritize the unpopular days or months of the year. That way, you can make a conscious effort to keep your space full and you can ensure a steady flow of income the whole year.
It is your responsibility to evaluate and check the analyzed data and make the right improvements. If you want professional help, you can always reach out to people who have a lot of experience when it comes to this business. You can also some research, check out company websites, social media pages or forum sites about the Automated valet management system.
