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New RingGo tool builds business case for corporate parking solution

Businesses can now calculate the estimated ROI from using the RingGo Corporate parking solution.

The online tool allows businesses across the UK to actively estimate cost savings from the RingGo Corporate parking solution

The cashless parking provider has launched an online tool that allows businesses across the UK to actively estimate cost savings from its technology help organisations track and understand the impact to productivity, efficiency and staff satisfaction that comes from adopting parking technology.

The ROI calculator, available via RingGo’s website, uses tailored business data based on the number of employees, parking sessions per month and the number of parking fines per month to show how much money businesses can save on a monthly and yearly basis.

It also directly shows how admin work can be reduced by the corporate solution, which is able to create direct invoices for payments and manage transaction history from a centralised system.

“For any business, ensuring ROI and increasing productivity will always be a top priority. However, finding incremental gains often comes down to embracing new solutions and technology, which can also be daunting. Having proof points and concrete examples of how it can benefit the business is a great way to lay the groundwork around the value new systems can add and encourage employees to embrace the change,” said Craig Tait, head of RingGo Corporate.

“By adding the ROI calculator to our offering, we are able to help stakeholders rationalise this and share it with the wider business. Parking may seem like a small portion of any budget, but when managed correctly, it can make a big difference to the bottom line.”

RingGo’s new ROI calculator is available to access here.

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.