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Value Proposition

Park Assist system can deliver parking asset owners a +25%IRR and
sub 18 month payback on investment in addition to tangible community
and environmental benefits.

Each component of the management systems creates significant value in its own right:



Park Assist Guidance

Park Assist Guidance is unique in underpinning a range of financial, Green building, environmental and policy value creation outcomes including:


  • +5% increase in facilities attendance and positive PR
  • +56% reduction in vehicle carbon emissions
  • +3% increase in parking space capacity
  • +8% increase in effective utilisation during peak times
  • 1-3% decrease in operating costs


Park Assist Enforcement

Park Assist’s enforcement module delivers compelling financial returns driven by the uptick of meter and fine revenues. The financial benefits however can largely be overshadowed by the social objectives of achieving parking compliance and effective traffic flow management:


  • +25% increase in meter revenue
  • +250% increase in fine revenue
  • +60% reduction in labor costs to manage and police parking spaces
  • +30% reduction in parking search time

Park Assist Data Management: PaseNet



PaseNet, Park Assist’s data management tool, ties together the direct benefits achieved by the hardware to “make the parking asset sweat.” The advantages of the PaseNet software are the most significant as it provides asset managers with the ability to achieve maximum pricing and operational efficiency on a fixed cost asset:

  • 5%-20% increase in revenue from price efficiency and mix optimization
  • ~10% reduction in parking space requirements in DA applications
  • 10% increase in productivity from benchmarking analysis and labor allocations
 
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