Dynamic Pricing

The Dynamic Pricing module is an extensive rate module within the ParkiD software platform. The dynamic rate engine and the intuitive user interface in ParkiD create the optimized rate for your facility. From this interface the occupancy thresholds are programed and associated with a specific rate table allowing you to maximize your revenue by programming your applicable rates to change and display in seconds, with no interruption to service. Now, instead of an antiquated, static sign, your applicable rates are shown on a high resolution graphic display at the entry lane, with the option of a dynamic sign at the exit lane, as well! 

Intuitive design for maximum efficiency and profitability

  • Increased revenue: Dynamic rates can be offered to monthly subscribers and credential-based or point-based frequent parkers and discounted rates could be offered to drive traffic to the garage during off-peak times and days. 
  • Improved customer loyalty: Personalized messages could be displayed for subscriber access groups and/or a specific subscriber. Additional signs could be added anywhere in the facility to serve as a communications conduit for directions and announcements, but also act as a means to advertise local events, issue traffic alerts, and promote local businesses that drive revenue to your parking facility. 
  • Displays: Display possibilities include a list with fixed rates, a visual rate generator, or a combination of both. As part of the Dynamic Pricing module, displays are tailored to your needs. All displays are suitable for both indoor and outdoor use and can vary in size, viewing angle, sunlight readability, etc.  
  • Specialized rates: Specialized rates can be created and displayed on entry for zero emission and high occupancy vehicles from current or future on-board technology. 
  • Reporting: A comprehensive list of reports are available in conjunction with Dynamic Pricing, making your investment even more cost and time effective. Analytical Reports pertaining to the facility‚Äôs revenue and occupancy rates are available, as well as advanced data reports obtained through the ParkiD Enterprise Reporting module.

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