Parken, Inc. Enters Agreement with SAP to Provide Consumers with Multiple Parking Options Using SAP Vehicles Network

FRANKFURT, Germany, Sept. 14, 2017 /PRNewswire/ -- Parken, Inc., which offers Parken+, the new mobile app that allows drivers to search, book and pay for parking in over 200 locations – including 35 major cities across the U.S. – has entered into an agreement with SAP. The announcement was made at the IAA New Mobility World in Frankfurt, Germany this past Sept. 14–17. Furthermore, during the conference Parken+, SAP and Concur presented a demo of Tripit, a travel management app with more than 14 million users that offers a new scenario for booking and paying for parking with Apple Pay using the Parken+ app.

"Currently the parking reservations industry is highly balkanized. Parken+ offers consumers a way of harnessing the SAP Vehicles Network by consolidating parkingoptions from multiple aggregators with the use of just one app in more than 200 supported locations. By not having to open multiple apps when searching for the best parking, consumers can enjoy a hassle-free and smooth parking experience," said Damián Fernández, founder and CEO of Parken, Inc.

Parken+ consumers have access to all parking options under SAP Vehicles Network, including inventories of bookable parking spots of the two leading off-street parking aggregators in the U.S. with more than 9,500 garage facilities nationwide.

When using Parken+, drivers input their destination, and the time they expect to begin and end their parking session, and Parken+ serves up a map with a list of options in the immediate vicinity, sorted by price or location. Drivers who book in advance and pay within the app or via Apple Pay receive a confirmation code that can be scanned at the entry and exit points of the garage, or can be presented to the parking attendant for validation. Parken+ and SAP Vehicles Network are also currently working on adding options for on-street parking and an in-vehicle payment platform for fueling.

ABOUT PARKEN+

Parken+ is a powerful mobile parking app with a sleek user interface that solves the often frustrating challenge of searching for parking enabling drivers to find, reserve, book and pay for their spot in advance utilizing SAP Vehicles Network and Apple Pay. The Parken+ app provides a seamless parking experience, helping drivers arrive at their destination faster and hassle-free. It is available for download at the Apple App Store, For more information, visit http://parken.plus/.

© 2017 Parken, Inc.. All rights reserved.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

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SOURCE Parken, Inc.

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