ParkWhiz and IntegraPark Partner to Bring Unprecedented Efficiencies in Revenue Management and Control Solutions to Parking Facilities Nationwide
Strategic Alliance unifies revenue streams for parking providers nationwide
Chicago, IL, May 27, 2014 – ParkWhiz, the nation's largest and fastest growing online parking marketplace, today announced a partnership with IntegraPark, the leading provider of accounting and management software custom-made for the parking industry.
Parking professionals rely on IntegraPark systems to provide the tools they need to manage revenue and control costs, while more and more are implementing ParkWhiz as a way to fill vacancies and increase exposure as the industry's online presence grows. Parking providers nationwide who have implemented ParkWhiz, along with other integrated technology such as Datapark, can now merge the multiple revenue streams into one centralized information source, generating an automated feed of data to their reporting system and General Ledger.
Seamless integration of third party revenue now makes it simple for parking operators to fully maximize revenue from all sources and build competitive advantage as the online shift continues to accelerate.
The main component of the partnership is IntegraPark's product Rome; a cloud-based application which pulls real-time data from revenue control systems and makes it available for extensive reporting from any web browser. For many operators, one the largest benefits of Rome is the elimination of key entry labor; revenue information can be pulled directly into the providers reporting system nightly so that a day's revenues are ready at the start of the next day, both for monitoring and to be matched to bank deposits.
Data that was once only available in the garage is now accessible to all levels of the parking operator management, no matter where they are. This data gives providers access to real-time alerts of problems at the garage, reports to compare multiple locations at once, and the ability to review ticket and access card usage details - all without ever stepping foot in a garage.
"Online parking has become a material revenue source for our operators, and we're fully committed to providing them with the tools they need for a seamless transition into the online and mobile market," said Ruth Beaman, Principal at IntegraPark. "We're proud to offer our customers a solution to independently reconcile the firehose of revenue from this burgeoning e-parking space by integrating with the industry leader."
ParkWhiz works with over 3,000 parking locations nationwide, and has provided parking operators with a robust backend reporting and location management console since inception in 2006. In addition to making integration effortless for the provider by consolidating their ParkWhiz revenue with other channels, features like the up-to-the-minute occupancy information tool will provide even more control, quality assurance and yield optimization.
"ParkWhiz is committed to making parking more efficient for both drivers and parking operators, and having the right systems in place to manage the new revenue we generate is paramount," said ParkWhiz CEO Aashish Dalal. "We're excited about our strategic partnership and integration with Integrapark and the efficiencies this alliance brings to the parking operator community."
Headquartered in Chicago, ParkWhiz makes it easy to find and pay for parking. The company's website and mobile parking apps allow drivers to book a guaranteed parking spot before reaching their destination at thousands of parking locations across the country. In addition to offering hourly and monthly parking in Chicago, and other cities nationwide, ParkWhiz is an official partner of StubHub and TicketsNow, and also has partnerships with professional sports teams including the Indianapolis Colts, Baltimore Ravens, US Airways Center, various NCAA teams, and other sport and entertainment venues. In addition to IntegraPark, ParkWhiz works with a portfolio of leading access and revenue control provides, such as DataPark, SKIDATA, TIBA, and Flash Valet.
Integrapark is the leading provider of accounting and management software custom-made for the parking industry. Across the U.S. and Canada, parking professionals rely on IntegraPark systems to provide information, audit trails, and integrations they need to manage revenues and control costs. They have a variety of products that do everything from taking care of billing and receivables for monthly parking and violations, standardizing operation tracking, assisting in revenue budgeting, and complete back-office and accounting systems. IntegraPark is a proud member of the International Parking Institute and the National Parking Association.