Smart parking is quickly becoming the new go-to system for many businesses across the country. This is because it offers easy access to more space, providing a safer environment for drivers and employees around the area.
It may not seem like there are many ways to improve profit margins for parking lots, but the key lies in robotic parking. Let’s explore some ways automated parking systems increase parking revenue.
Mobile Payment
Fully-automated car parking systems enable drivers to drop off their vehicles and pay for their spot virtually through their mobile devices. This process can help streamline the payment process, encouraging drivers to pay their fees more efficiently.
Furthermore, smart parking creates space for more vehicles to stack vertically in a parking structure, promoting more drivers to use the complex and increasing overall revenue.
Expansion of Fine Collection
Parking fines can easily be lost in transit or misplaced during the collection process. However, due to the accuracy and system analytics that come with fully-automated car parking systems, local government is better able to track parking rates. This can help increase parking revenue because fine collections that might’ve been overlooked previously are returned more promptly.
Reduction of Parking Operators
As technology advances, we may begin to see a reduction in human jobs because machinery will complete tasks faster and more efficiently. Fully-automated car parking systems can replace extra salary and benefits costs for employees. This can naturally increase parking revenue for many business locations.
The above ways automated parking systems increase parking revenue are essential to understanding the importance of robotic parking. At Harding Steel, we ensure our products are designed with high-quality materials so you can continue providing excellent service in your parking lot. Contact us to learn more about what we offer or to speak with an experienced member of our team.