LPR Meets Pay-on-Exit with ParqEx: Modern Parking Management

As city landscapes continue to evolve and transform, urban transport and city mobility systems are in greater need than ever for streamlined parking management. Consequently, parking management in both large and small cities is modernizing to meet evolving demands, as traditional systems no longer suffice. Modern parking management systems like ParqEx provide innovative solutions that streamline all parking operations, increase parking management efficiency, and, equally significantly, enhance vehicle and property security, providing peace of mind for drivers and property managers. Two significant ParqEx advancements in modern parking management are ParqEx’s license plate recognition system (LPR) and its pay-on-exit systems. When these two systems are combined, they streamline parking operations, simplify parking management, and deliver seamless parking experiences for both parkers and operators. Read our article, “LPR Meets Pay-on-Exit with ParqEx: Modern Parking Management,” and learn how our technology can benefit your properties.

Understanding Pay-on-Exit Parking

As its name suggests, pay-on-exit parking offers a convenient way for drivers to pay for parking as they leave the facility. The traditional pay-on-exit parking workflow operates as follows:

• Entry: Vehicles entering the parking facility receive a parking ticket from a kiosk or parking attendant, which records their exact entry time and occasionally gathers relevant identification information.
  
• Payment: Before exiting the parking facility, parkers must take their physical parking ticket to a kiosk, ticket scanning site, or parking attendant to pay for their parking. Accepted payment methods usually include cash and credit cards.
  
• Exit: Upon exiting, the parking ticket is validated and indicates that it has already been paid. For vehicles that haven’t yet made a payment, a last-minute option is often available upon exit through a kiosk or parking attendant to settle their parking fees, allowing the car to leave the property.
  

Pay-on-exit provides several benefits for parking operators and management:

• Enhanced Revenue Control: Pay-on-exit guarantees that customers pay for every second of parking at the property before leaving, eliminating potential lost revenue that the property may have experienced in the past.
  
• Improved Customer Experience: Some parking facilities require drivers to have specific times for parking reservations, and any vehicle that overstays its allotted time may incur a fine or a parking ticket. In those instances, pay-on-exit significantly reduces stress and enhances overall convenience.
  
• Operational Efficiency: With pay-on-exit, there are no longer long lines at parking facility exits as people wait to plug their tickets into kiosks or pay with a parking attendant. Traffic flow is streamlined and straightforward, and congestion at exits remains minimal.
  

The Role of License Plate Recognition (LPR)

ParqEx’s LPR system and Parking Access and Revenue Control Systems (PARCS) often facilitate easy payment options for properties utilizing pay-on-exit. License plate recognition parking technology employs infrared cameras on-site that automatically scan each license plate entering and exiting the parking facility, marking the precise moment vehicles arrive and depart. The record of vehicle license plates in parking operations provides:

• Automated Entry and Exit: With ParqEx’s LPR parking system working hand in hand with pay-on-exit, vehicles no longer need to stop to pull a parking ticket or receive one from an attendant. They can enter and exit without needing physical printed parking tickets (a cost-saving avenue for parking operators and property managers), which reduces congestion at both entry and exit points while improving traffic flow.
  
• Enhanced Security: ParqEx’s license plate reader parking technology is top-tier for property security due to its real-time monitoring capabilities and automated alerts within the ParqEx parking management platform. By monitoring all activity, LPR can notify management and staff of unauthorized vehicles or potential security threats, significantly enhancing parking enforcement.
  
• Data Analytics: ParqEx’s LPR smart parking solutions cameras also provide property management with detailed insights into all parking patterns, peak occupancy rates, length of stay, types of parkers (short-term/long-term), etc., and help property management make data-informed decisions regarding their parking. For example, with parking trends on hand, parking management can decide when to take advantage of AI-powered dynamic or predictive pricing, providing more revenue-making opportunities for the property.
  

ParqEx’s Access+ Premium with LPR exemplifies a system that offers easy integration with preexisting infrastructure while providing operators with real-time data analytics and heightened security.

LPR Meets Pay-on-Exit with ParqEx

Pay-on-exit and LPR are made for each other. When combined, pay-on-exit parking systems and LPR technology create a powerful and robust parking solution that every parking operator and property manager dreams of.

1. Entry: Upon entering the parking facility, the LPR system automatically captures the vehicle’s license plate, logs the exact entry time, creates the vehicle’s profile, and adds the scanned plate and entry time to that profile.
   
2. Parking: Vehicles park as usual, whether assigned or unassigned. The LPR system is built for parking occupancy tracking. It maintains a record of available parking spaces, assisting parking and property management in informing the public about the remaining parking spots. Upon exit, the system captures the license payment once more and automatically calculates the duration of the parking stay using the entry time logged by the LPR system. Depending on property management preferences, the driver can make payments through various channels, such as ParqEx’s parking app or integrated automated billing systems.
   
3. Validation and Exit: After the parking payment has successfully gone through, the LPR system validates the transaction and allows the vehicle to exit. The system also automatically updates the occupancy data, enabling more customers to utilize the parking facility and bringing the property more parking revenue.
   

The integration of LPR and pay-on-exit offers:

• Seamless User Experience: Customers enjoy a touchless entry and exit system, a stress-free, overly simplified, secure, and efficient parking process from entry to exit.
  
• Operational Data: Property management and parking operators will receive real-time parking usage data from ParqEx. This data helps management and operators take advantage of additional revenue-generating opportunities, such as leveraging dynamic pricing and maximizing their continuous use of high-demand parking resources and assets.
  
• Enhanced Security and Compliance: The LPR system also clearly enhances monitoring and assists parking management and enforcement in ensuring that all parking policies and regulations are followed.
  

Conclusion

Thanks for reading our article “LPR Meets Pay-on-Exit with ParqEx: Modern Parking Management.” The combination of LPR and pay-on-exit payment systems allows many parking facilities and operators to modernize their parking management and maximize their revenue potential. Traditional parking management techniques no longer meet parking demands and evolving parking enforcement needs. LPR and pay-on-exit are the perfect solution for everyone. Contact a ParqEx sales representative today to modernize your parking operations.

FAQ – LPR Meets Pay-on-Exit with ParqEx: Modern Parking Management