Parkable, the leading Parking Management Software, has announced an integration with Engrain, a recognized leader in next-generation touring technology and map-based data visualization.
The combination of Parkable's Multi-Tenant Platform and Engrain's Unit Map technology will now allow commercial and multifamily property owners and managers to better visualize and understand the utilization of their parking spaces.
Property managers can often find it challenging to manage parking lots shared amongst multiple tenants and residents with the prevalence of vacant spaces, combined with the absence of effective tools to encourage multi-use parking.
There is often a lack of visibility as to how the parking area is used, resulting in the inability to monetize parking and make the best use of the spaces available. The complexity of accommodating how tenants use parking allocations, such as whether they're workers, guests, or residential parkers, creates further challenges.
The integration of Engrain's Unit Maps into the Parkable platform creates efficiencies and convenience to parking management. With dynamic maps of car parks now accessible on the Parkable admin panel, property managers can get direct insights into their parking spaces, streamline their parking operations, and maximize revenue.
Through real-time interactivity, the admin panel map accurately mirrors the layout of the car park, with parking spaces color-coded based on their type and status, such as: allocated, occupied, unused, Electric Vehicle, Visitor and more.
The enhanced map experience also lets spaces be easily filtered by specific groups, tenants or types.
"Until now, parking for commercial properties has been a hassle. With many property managers and owners having to shuffle car parking arrangements to secure a new tenant, and manage the day to day of car parking. With the Parkable Multi-Tenant Platform, property managers can easily view, adjust, and confirm parking permits and licenses in one place, making both the initial rent up, and the ongoing operations easy & profitable" says Parkable CEO, Toby Littin.
"Shifting away from traditional management methods like spreadsheets and static maps, this integration directly addresses typical parking pain points," he says.
"Every real estate software application should have a relevant map, it feels like a no-brainer but it's surprising how many don't!" says Engrain CEO, Brent Steiner. "Our vision is to partner with innovators like Parkable who are solving real estate's hardest problems by providing map visualization via modern APIs," he says. "Underutilized and under-monetized parking is both a problem and an opportunity for commercial and multifamily owners and operators and this partnership offers a great option," says Steiner.
Beyond these benefits, Parkable offers broader advantages.
"Our new Multi-Tenant foundation provides visibility into parking spaces and leases, enabling reporting and management across tenants, reducing administrative time, and maintaining a comprehensive record," says Littin. "With this integration, we are a step closer to completely redefining the commercial parking landscape," he concludes.
Parkable, the New Zealand parking automation start-up has completed its Series B capital raise taking on a $10 million investment from Christopher & Banks (Pushpay investor Peter Huljich and associates).
Leading Kiwi Parking App Parkable has acquired Australian firm Park Genie in a transaction that cements Parkable as Australasia’s fastest-growing park sharing platform.
This week, Parkable CEO Toby Littin joins PM Jacinda Ardern and 11 other industry delegates on a trade mission to support export growth in the United States.