Science & Technology
Science and Technology
Science and Technology
Tue, February 3, 2009 Tyler Technologies Signs Financial Management Software Deals with Asheville, NC and Binghamton, NY
DALLAS--([ BUSINESS WIRE ])--Tyler Technologies, Inc. (NYSE: TYL) announced today that it has signed agreements to implement Tyler's financial management solution for the Cities of Asheville, North Carolina, and Binghamton, New York. The two contracts, which are together valued at approximately $2 million, include software licenses, corresponding professional services, maintenance and support.
Asheville plans to deploy a comprehensive package of Tyler's MUNIS financial applications, as well as human resource-related applications such as Payroll with Employee Self Service. They will also use Utility Billing, Work Orders, Fleet & Facilities and Tyler Content Manager Limited Edition. Binghamton has also invested in MUNIS financial applications and has opted to deploy its Tyler applications using the role-tailored dashboard option. In addition to implementing Tyler Cashiering, both cities will enhance their reporting with GASB 34 Reporter and Business Objects.
"Tyler's financial management solution will provide both Binghamton and Asheville with the enhanced integration they require to operate at higher levels of efficiency. Our software solution will enable them to share data throughout their organization, as well as give them premium reporting tools. At the end of the day, they'll be able to do more with less," stated Richard Peterson, Jr., president of Tyler's MUNIS Financial Management Solutions.
"Tyler's financial management solution will enable Asheville to implement modern processes that will provide City management with a means to serve a growing community with increasing needs without continually inflating service costs or significantly and adversely affecting service levels," explained Jonathan Feldman, director of IT services for Asheville.
"We expect to gain efficiencies and improve accountability in many functions, including the contract tracking process. Tyler's system will make it possible for us to go paperless and to provide employee self service for many functions such as human resources," noted Feldman.
"Implementing Tyler's financial management solution will provide Binghamton's departments with real-time access to financial data, as well as allow these departments to run reports independent of the Finance department," said Lori Clift, data processing operations coordinator for Binghamton. "We anticipate that Tyler's solution will enhance operations, enabling employees to more efficiently complete tasks and have more time to focus on other initiatives, as well as improve our overall accountability."
Situated in the heart of the Blue Ridge Mountains, Asheville is the seat of Buncombe County. It has a population of 74,000, making it the largest city in western North Carolina. Located at the junction of the Susquehanna and Chenango rivers, Binghamton is the seat of Broome County. The city has 45,000 residents, making it one of New York's 20 largest cities.
Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to make local government more accessible to the public, more responsive to needs of citizens, and more efficient. Tyler's client base includes more than 7,000 local government offices throughout all 50 states, Canada, Puerto Rico and the United Kingdom. Tyler has been named one of "America's 200 Best Small Companies" for two consecutive years by Forbes Magazine and one of "America's 100 Most Trustworthy Companies" by Audit Integrity, an independent research firm. More information about Tyler Technologies can be found at [ www.tylertech.com ].
Tyler Technologies, Inc. has included in this press release "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning its business and operations. Tyler Technologies expressly disclaims any obligation to release publicly any updates or revisions to these forward-looking statements to reflect any change in its expectations. These expectations and the related statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, contemplated by, or underlying theforward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, changes in competition, changes in general economicconditions, changes in the budgets and regulatory environments of the Company's customers, risks associated with the development of new products and the enhancement of existing products, theability to attract and retain qualified personnel, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
